Common use of Certain Allocations Clause in Contracts

Certain Allocations. The Sellers hereby agree that, following the occurrence of an Early Termination, all Collections and other proceeds received in respect of Receivables generated by the Sellers shall be applied, FIRST, to pay the outstanding Principal Amount of Purchased Receivables (as of the date of such Early Termination) of the Obligor to whom such Collections are attributable until such Purchased Receivables are paid in full and, SECOND, to the related Seller to pay Receivables of such Obligor not sold to the Company; PROVIDED, HOWEVER, that notwithstanding the foregoing, if the Seller can attribute a Collection to a specific Obligor and a specific Receivable, then such Collection shall be applied to pay such Receivable of such Obligor. The Company and the Servicer shall take such action as the Seller may reasonably request, at the expense of the Seller, to assure that any Receivable not sold to the Company, the Related Property and Collections with respect thereto do not remain commingled with other Collections hereunder and are immediately paid to the Seller.

Certain Allocations. The Sellers Seller hereby agree agrees that, following the occurrence of an Early Termination, all Collections and other proceeds received in respect of Receivables generated by the Sellers Seller shall be applied, FIRSTfirst, to pay the outstanding out standing Principal Amount of Purchased Receivables (as of the date of such Early Termination) of the Obligor to whom such Collections are attributable until such Purchased Receivables are paid in full and, SECONDsecond, to the related Seller to pay Receivables of such Obligor not sold to the Company; PROVIDEDprovided, HOWEVERhowever, that notwithstanding the foregoing, if the Seller can attribute a Collection to a specific Obligor and a specific Receivable, then such Collection shall be applied to pay such Receivable of such Obligor. The ; and the Company and the Servicer shall take such action as the Seller may reasonably request, at the expense of the Seller, to assure that any Receivable not sold to the Company, the Related Property and Collections with respect thereto do not remain commingled with other Collections hereunder and are immediately paid to the Seller.

Certain Allocations. The Sellers Seller hereby agree agrees that, following the occurrence of an Early Termination, all Collections and other proceeds received in respect of Receivables generated by the Sellers Seller shall be applied, FIRSTfirst, to pay the outstanding Principal Amount of Purchased Receivables (as of the date of such Early Termination) of the Obligor to whom such Collections are attributable until such Purchased Receivables are paid in full and, SECONDsecond, to the related Seller to pay Receivables of such Obligor not sold to the Company; PROVIDEDprovided, HOWEVERhowever, that notwithstanding the foregoing, if the Seller can attribute a Collection to a specific Obligor and a specific Receivable, then such Collection shall be applied to pay such Receivable of such Obligor. The ; and the Company and the Servicer shall take such action as the Seller may reasonably request, at the expense of the Seller, to assure that any Receivable not sold to the Company, the Related Property and Collections with respect thereto do not remain commingled with other Collections hereunder and are immediately paid to the Seller.