Allocation and Application of Collections Clause Samples
The "Allocation and Application of Collections" clause defines how payments or funds received are distributed among various obligations or accounts under an agreement. Typically, this clause specifies the order in which collected amounts are applied, such as first to outstanding fees, then to interest, and finally to principal balances. By establishing a clear hierarchy for the use of incoming funds, the clause ensures transparency and prevents disputes over how payments are credited, thereby reducing the risk of misunderstandings between parties.
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Allocation and Application of Collections. [Reserved].
Allocation and Application of Collections. Any provisions of Article 4 of the Base Indenture and the Series 2000-1 Supplement which allocate and apply Collections shall continue to apply irrespective of the issuance of the Series 1998-1 Notes. Sections 4.1 through 4.5 of the Base Indenture shall be read in their entirety as provided in the Base Indenture, provided that for purposes of the Series 1998-1 Notes, clauses (c), (d) and (e) of Section 4.2 of the Base Indenture shall be modified as permitted by Section 11.1(f) of the Base Indenture and shall read as follows:
Allocation and Application of Collections. 4546 Section 5.1. Rights of Noteholders....................................................................4546 Section 5.2. Collection of Money......................................................................4546 Section 5.3. Establishment of Accounts............................................................4546 -i- Section 5.4. Collections and Allocations...........................................................4748 Section 5.5. Determination of Monthly Interest................................................4950 Section 5.6. Determination of Monthly Principal..............................................4950 Section 5.7. General Provisions Regarding Accounts.......................................4950 Section 5.8. Removed Receivables....................................................................4950
Allocation and Application of Collections. Section 5.1.
Allocation and Application of Collections. Establishment of Group III Collection Account, Series 2003-1 Collection Account, Series 2003-1 Excess Funding Account and Series 2003-1 Accrued Interest Account................................38 Section 4.7 Allocations with Respect to the Series 2003-1 Notes...
Allocation and Application of Collections. Series 2013-B [Insert columns for other Series]
Allocation and Application of Collections. Series 2004-C Series 2006-A Series 2008-A Series 2009-A Series 2009-B Series 2009-C Series 2009-D Series 2010-A
Allocation and Application of Collections. 53 Section 5.1. Collection Account.......................... 53 Section 5.2. Collections and Allocations................. 55 Section 5.3. Determination of Monthly Interest........... 58 Section 5.4. Determination of Monthly Principal.......... 58 Section 5.5. Paired Series............................... 58
Allocation and Application of Collections. Establishment of Group III Collection Account, Series 2001-1 Collection Account, Series 2001-1 Excess Funding Account and Series 2001-1 Accrued Interest Account....................
Allocation and Application of Collections. Section 5.1. Issuer Accounts Section 5.2. Collections and Allocations Section 5.3. Determination of Monthly Interest Section 5.4. Determination of Monthly Principal Section 5.5. Misdirected Collections ARTICLE 6. DISTRIBUTIONS Section 6.1. Distributions in General