Apportionment of Collections Sample Clauses

Apportionment of Collections. Each Servicer agrees that if a Debtor makes a general payment to a Collection Account which includes the payment of one or more Receivables and any other monies due, and such Debtor makes no apportionment as to the payment, the Servicer shall apply such payment firstly to any amount due pursuant to a relevant Transferred Receivable secondly to any other Receivable due and thirdly to any other payment.
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Apportionment of Collections. After the occurrence and during the existence of any Event of Default, Collateral Agent shall apply and disburse all collections of the Obligations and proceeds of the Collateral in the following order: (a) first, to amounts due to Collateral Agent under this Agreement, including, without limitation, Collateral Agent Advances, until they are paid in full; and (b) second, to each Note Holder, pro rata on the basis of the ratio of the outstanding principal amounts under its Note to the total principal amount outstanding under all of the Notes.
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Related to Apportionment of Collections

  • 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.

  • 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.

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

  • Cost of Collection If default is made in the payment of this Note, Borrower shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys' fees.

  • 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.