Common use of Collection Data Clause in Contracts

Collection Data. For the second and third Billing Months, the daily amounts of Securitization Charges collected are adjusted to reflect the time lag between the customer receiving the ▇▇▇▇ and the Servicer receiving payment. To accomplish this, the amounts collected from the billing systems during the Second Billing Month are multiplied by the cumulative First and Second Billing Months’ Collection Curve Percentage, and the amounts collected from the billing systems during the Third Billing Month are multiplied by the cumulative First, Second and Third Billing Months’ Collection Curve Percentage. Standard processing is then performed. (Daily Servicer’s Report) In the fourth Billing Month and thereafter, standard processing is performed based upon 100% of the amounts billed and collected.