Common use of Unreinvested Collections Clause in Contracts

Unreinvested Collections. The Master Servicer shall identify and hold in trust for the benefit of the Purchaser all Collections allocated to the Asset Interest pursuant to clause (i) of Section 1.3(a) which, pursuant to clause (iii) of Section 1.3(a), may not be reinvested in the Pool Receivables and Related Assets, provided that unless otherwise requested by the Agent after a Liquidation Event, such Collections need not be held in a segregated account. If, prior to the date when such Collections are required to be paid to the Agent for the benefit of the Purchaser pursuant to Section 1.3(c)(iv), (1) the amount of Collections so identified exceeds the greater of (x) the amount, if any, necessary to reduce the sum of (i) the Invested Amount and (ii) the Aggregate Accruals to the Purchase Limit and (y) the Asset Interest to the Allocation Limit, and (2) the conditions precedent to Reinvestment set forth in clauses (a), (b) and (d) of Section 5.2, subject to the proviso set forth in Section 5.2, are satisfied, then the Master Servicer shall apply such Collections (or, if less, a portion of such Collections equal to the amount of such excess) to the making of a Reinvestment.

Unreinvested Collections. The Master Servicer shall identify and hold in trust for the benefit of the Purchaser all Collections allocated to the Asset Interest pursuant to clause (i) of Section 1.3(a) which, pursuant to clause (iii) of Section 1.3(a), may not be reinvested in the Pool Receivables and Related Assets, provided that unless otherwise requested by the Agent after a Liquidation Event, such Collections need not be held in a segregated account. If, prior to the date when such Collections are required to be paid to the Agent for the benefit of the Purchaser pursuant to Section 1.3(c)(iv), (1) the amount of Collections so identified exceeds the greater of (x) the amount, if any, necessary to reduce the sum of (i) the Invested Amount and (ii) the Aggregate Accruals to the Purchase Limit and (y) the Asset Interest to the Allocation Limit100%, and (2) the conditions precedent to Reinvestment set forth in clauses (a), (b) and (d) of Section 5.2, subject to the proviso set forth in Section 5.2, are satisfied, then the Master Servicer shall apply such Collections (or, if less, a portion of such Collections equal to the amount of such excess) to the making of a Reinvestment.

Unreinvested Collections. The Master Servicer shall identify and hold in trust for the benefit of the Purchaser all Collections allocated to the Asset Interest pursuant to clause (i) of Section 1.3(a) which, pursuant to clause (iii) of Section 1.3(a), may not be reinvested in the Pool Receivables and Related Assets, provided that PROVIDED THAT unless otherwise requested by the Agent after a Liquidation Event, such Collections need not be held in a segregated account. If, prior to the date when such Collections are required to be paid to the Agent for the benefit of the Purchaser pursuant to Section 1.3(c)(iv), (1) the amount of Collections so identified exceeds the greater of (x) the amount, if any, necessary to reduce the sum of (i) the Invested Amount and (ii) the Aggregate Accruals to the Purchase Limit and (y) the Asset Interest to the Allocation Limit100%, and (2) the conditions precedent to Reinvestment set forth in clauses (a), (b) and (d) of Section 5.2, subject to the proviso set forth in Section 5.2, are satisfied, then the Master Servicer shall apply such Collections (or, if less, a portion of such Collections equal to the amount of such excess) to the making of a Reinvestment.

Unreinvested Collections. The Master Servicer shall identify and be deemed to hold in trust for the benefit of the Purchaser all Collections allocated to the Asset Interest pursuant to clause (i) of Section 1.3(a) which, pursuant to clause (iii) of Section 1.3(a), may not be reinvested in the Pool Receivables and Related Assets, provided that unless otherwise requested by the Agent Administrator after a Liquidation Event, such Collections need not be held in a segregated account. If, prior to the date when such Collections are required to be paid to the Agent Administrator for the benefit of the Purchaser pursuant to Section 1.3(c)(iv), (1) the amount of Collections so identified set aside exceeds the greater of (x) the amount, if any, necessary to reduce the sum of (i) the then Invested Amount and (ii) the Aggregate Accruals aggregate of the CP Discounts of all Commercial Paper Notes then outstanding to the Purchase Limit and (y) the Asset Interest to the Allocation Limit, and (2) the conditions precedent to Reinvestment set forth in clauses (a), (b) and (d) of Section 5.2, subject to the proviso set forth in Section 5.2, are satisfied, then the Master Servicer shall apply such Collections (or, if less, a portion of such Collections equal to the amount of such excess) to the making of a Reinvestment.