ALLOCATIONS, DEPOSITS AND PAYMENTS Sample Clauses
The "Allocations, Deposits and Payments" clause defines how financial transactions are managed between the parties under the agreement. It typically outlines the procedures for allocating funds, the requirements for making deposits, and the timing and method of payments. For example, it may specify when a deposit must be made to secure a service or how payments are to be distributed among multiple parties. The core function of this clause is to ensure clarity and prevent disputes by establishing clear rules for handling money within the contractual relationship.
ALLOCATIONS, DEPOSITS AND PAYMENTS. SECTION 3.01. Allocations of Series 2005-C Available Interest Amount. On each Payment Date, the Indenture Trustee will apply the Series 2005-C Available Interest Amount as follows:
(a) first, if neither DCS nor any of its Affiliates is the Servicer, to pay the Series 2005-C Servicing Fee, plus any previously due and unpaid Series 2005-C Servicing Fee (to the extent it has not been waived by the Servicer for such Payment Date) to the Servicer;
(b) second, to deposit to the Interest Funding Account an amount equal to (i) the product of (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Series 2005-C Note Interest Rate applicable to the related Interest Period, times (C) the Outstanding Dollar Principal Amount of the Series 2005-C Notes determined as of the Record Date preceding the related Payment Date (the "Series 2005-C Monthly Interest"), plus (ii) an amount equal to the excess, if any, of the aggregate amount accrued pursuant to this Section 3.01(b) as of prior Interest Periods over the aggregate amount of interest paid to the Series 2005-C Noteholders pursuant to this Section 3.01(b) in respect of such prior Interest Periods, together with interest at the Series 2005-C Note Interest Rate on such delinquent amount, to the extent permitted by applicable law;
(c) third, if DCS or any of its Affiliates is the Servicer, to pay the Series 2005-C Servicing Fee plus any previously due and unpaid Series 2005-C Servicing Fee (to the extent it has not been waived by the Servicer for such Payment Date) to the Servicer;
(d) fourth, to be treated as part of the Series 2005-C Available Principal Amount for application in accordance with Section 3.05 in an amount equal to the Series 2005-C Investor Default Amount, if any, for the preceding Monthly Period;
(e) fifth, to be treated as part of the Series 2005-C Available Principal Amount for application in accordance with Section 3.05 in an amount equal to the sum of (x) the Nominal Liquidation Amount Deficit, if any, and (y) the Overcollateralization Amount Deficit, if any;
(f) sixth, to pay to the Servicer any previously due and unpaid Series 2005-C Servicing Fee that had been waived by the Servicer in its sole discretion, with the remaining Series 2005-C Available Interest Amount to be treated as Shared Excess Available Interest Amount for application in accordance with Section 3.17; and
(g) seventh, to the Issuer for dis...
ALLOCATIONS, DEPOSITS AND PAYMENTS. Allocations of Series 2005-A Available Interest Amount..................12
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501. Allocations of Available Interest Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes its portion of the Available Interest Amount received on the Payment Date related to such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such series times (ii) the Available Interest Amount for such Monthly Period. Section 502. Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes its portion of the Available Principal Amount received on the Payment Date related to such Monthly Period in an amount equal to the product of (i) the Series Principal Allocation Percentage for such series times (ii) the Available Principal Amount for such Monthly Period.
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01.
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01. Allocations of Series 2005-C Available Interest Amount..................................12
ALLOCATIONS, DEPOSITS AND PAYMENTS. Allocations of Series 2002-B Available Interest Amount.................................. 10 SECTION 3.02. Amounts to be Treated as Series 2002-B Available Interest Amount; Other Deposits to the Interest Funding Account................................................................ 11 SECTION 3.03. Allocations of Reductions from Investor Charge-Offs to the Overcollateralization Amount and the Nominal Liquidation Amount of the Series 2002-B Notes........................... 12 SECTION 3.04. Allocations of Reinstatements of Nominal Liquidation Amount Deficit and Overcollateralization Amount Deficit.................................................... 12 SECTION 3.05. Application of Series 2002-B Available Principal Amount................................. 13
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01. Allocations of Series 2003-A Available Interest Amount...
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501.
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501. Allocations of Finance Charge Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes an amount equal to the product of (x) the Weighted Average Floating Allocation Percentage for such Series of Notes for such Monthly Period and (y) the amount distributed pursuant to Section 4.02(a) of the Series 2005-CC Supplement on the Distribution Date following such Monthly Period. Section 502. Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate all Available Principal Amounts to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to its Monthly Principal Payment; provided, however, that in the event that Available Principal Amounts for any Monthly Period are less than the aggregate Monthly Principal Payments for all series of Notes, Available Principal Amounts will be allocated to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to the lesser of (a) the sum of the Daily Principal Amounts for each day during such Monthly Period for such series of Notes and (b) the Monthly Principal Payment for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement; provided further, however, that any excess Available Principal Amounts identified in the application of clause (a) of the preceding proviso, or in the application of this proviso, will be allocated to each series of Notes which has not been allocated sufficient Available Principal Amounts to cover its full Monthly Principal Payment up to the amount of such insufficiency pro rata based on the Weighted Average Principal Allocation Percentage for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement.
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01 Series 2005-1 Available Interest Amounts