Allocations of Collections During Clause Samples

The "Allocations of Collections During" clause defines how collected funds or assets are distributed among parties during a specified period or event. Typically, this clause outlines the order of priority for payments, such as first covering expenses, then repaying principal or interest, and finally distributing any remaining amounts to stakeholders. Its core function is to ensure transparency and fairness in the allocation process, preventing disputes by clearly specifying how collections are handled during the relevant timeframe.
Allocations of Collections During any Series 2015-3
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Allocations of Collections During. ANY SERIES 2002-1 CONTROLLED AMORTIZATION PERIOD. With respect to any Series 2002-1 Controlled Amortization Period, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 2002-1 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 2002-1 Collection Account an amount determined as set forth in Section 2.2(a)(i) above for such day, which amount shall be further allocated to the Series 2002-1 Accrued Interest Account; and (A) with respect to the Class A-1 Controlled Amortization Period, allocate to the Series 2002-1 Collection Account an amount equal to the Series 2002-1 Principal Allocation for such day, which amount shall be used to make principal payments in respect of the Class A-1 Notes; PROVIDED, HOWEVER, that if the Monthly Total Principal Allocation exceeds the Class A-1 Controlled Distribution Amount, then the amount of such excess shall be allocated to the Series 2002-1 Excess Collection Account; and PROVIDED, FURTHER, that if a Waiver Event shall have occurred, then such allocation shall be modified as provided in Article IV of this Supplement, and (B) with respect to the Class A-2 Controlled Amortization Period, allocate to the Series 2002-1 Collection Account an amount equal to the Series 2002-1 Principal Allocation for such day, which amount shall be used to make principal payments in respect of the Class A-2 Notes; PROVIDED, HOWEVER, that if the Monthly Total Principal Allocation exceeds the Class A-2 Controlled Distribution Amount, then the amount of such excess shall be allocated to the Series 2002-1 Excess Collection Account; and PROVIDED, FURTHER, that if a Waiver Event shall have occurred, then such allocation shall be modified as provided in Article IV of this Supplement.
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Related to Allocations of Collections During

  • Allocations of Collections 35 SECTION 10. Payments..................................................................................................47 SECTION 11.

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

  • Costs of Collection In the event that after an Event of Default and during the continuance thereof: (a) the Note or any of the Loan Documents is placed in the hands of an attorney for collection or enforcement or is collected or enforced through any legal proceeding; (b) an attorney is retained to represent Lender in any bankruptcy, reorganization, receivership, or other proceedings affecting creditors’ rights and involving a claim under the Note or any of the Loan Documents or (c) an attorney is retained to protect or enforce the lien or any of the terms of this Agreement, the Pledge Agreement or any of the Loan Documents, then, in any such instance, Borrower shall pay to Lender all reasonable attorneys’ fees, costs and expenses actually incurred in connection therewith, including costs of appeal, together with interest on any judgment obtained by Lender at the Default Rate.

  • Deposit of Collections The Borrower shall promptly (but in no event later than two Business Days after receipt) deposit or cause to be deposited into the Collection Account any and all Available Collections received by the Borrower, the Servicer or any of their Affiliates.