Common use of Unreinvested Collections Clause in Contracts

Unreinvested Collections. Subject to Sections 1.3(a)(ii) and 3.1(c)(iv), Servicer shall set aside and hold in trust for the benefit of Administrative Agent on behalf of the applicable Affected Parties, all Collections which, pursuant to clause (ii) of Section 1.3(a), may not be reinvested in the Pool Assets and Related Assets. If, prior to the date when such Collections are required to be paid to the applicable Purchaser Agents for the benefit of the applicable Affected Parties, pursuant to Section 1.3(c), the amount of Collections so set aside exceeds the amount, if any, necessary to reduce (i) the Total Committed Investment to an amount equal to or less than the Purchasers’ Total Commitment, (ii) the Total Uncommitted Investment to an amount equal to or less than the Purchasers’ Total Uncommitted Amount, (iii) each Purchaser Group’s Purchaser Group Committed Investment to an amount equal to or less than the related Purchaser Group Commitment, (iv) each Purchaser Group’s Purchaser Group Uncommitted Investment to an amount equal to or less than the related Purchaser Group’s Uncommitted Amount and (v) Total Investment to an amount equal to or less than the sum of the Receivables Investment Base and the Loan Investment Base (in each case, at such time), and the conditions precedent to Reinvestment set forth in clauses (a), (b) and (d) of Section 5.3 are satisfied and Reinvestments are permitted in accordance with Section 3.2(c), then Servicer shall apply such Collections (or, if less, a portion of such Collections equal to the amount of such excess) in accordance with Section 1.3(a)(ii) to the making of a Reinvestment.

Unreinvested Collections. Subject to Sections 1.3(a)(ii) and 3.1(c)(iv), Servicer shall set aside and hold in trust for the benefit of Administrative Agent on behalf of the applicable Affected Parties, all Collections which, pursuant to clause (ii) of Section 1.3(a), may not be reinvested in the Pool Assets and Related Assets. If, prior to the date when such Collections are required to be paid to the applicable Purchaser Agents for the benefit of the applicable Affected Parties, pursuant to Section 1.3(c), the amount of Collections so set aside exceeds the amount, if any, necessary to reduce (i) the Total Committed Investment to an amount equal to or less than the Purchasers’ Total Commitment, (ii) the Total Uncommitted Investment to an amount equal to or less than the Purchasers’ Total Uncommitted Amount, (iii) each Purchaser Group’s Purchaser Group Committed Investment to an amount equal to or less than the related Purchaser Group Commitment, (iv) each Purchaser Group’s Purchaser Group Uncommitted Investment to an amount equal to or less than the related Purchaser Group’s Uncommitted Amount and (v) Total Investment to an amount equal to or less than the sum of the Receivables Investment Base and the Loan Investment Base (in each case, at such time), and the conditions precedent to Reinvestment set forth in clauses (a), (b), (d), (e) and (df) of Section 5.3 are satisfied and Reinvestments are permitted in accordance with Section 3.2(c), then Servicer shall apply such Collections (or, if less, a portion of such Collections equal to the amount of such excess) in accordance with Section 1.3(a)(ii) to the making of a Reinvestment.