Common use of Incorrect Payments Clause in Contracts

Incorrect Payments. If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("INCORRECT PAYMENTS"), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager that such monies are Incorrect Payments. Notwithstanding the above, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager that such payments were incorrectly deemed to be Trust Property and, if applicable, have been incorrectly allocated, the Receivables Trustee shall: (i) apply Trust Property in a manner consistent with this Deed (as amended by any Supplement) to repay such Incorrect Payments; and (ii) amend its books of account to record that (A) the pool of Ineligibles Bare Trust Property has been increased by the amount of Principal Receivables, if any, equal to the amount of Incorrect Payments incorrectly allocated as Principal Collections (and such amount of Incorrect Payments shall be treated as having been repaid), (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to the Eligible Receivables Pool and (C) following any reduction of an amount of Incorrect Payments incorrectly allocated as Finance Charge Collections from Finance Charge Collections, such amount of Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, shall be treated as having been repaid; and the entitlement of the Beneficiaries to Trust Property shall be adjusted accordingly.

Incorrect Payments. If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("INCORRECT PAYMENTS"), such monies may incorrectly be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed the principles set out in the First Schedule (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager that such monies are Incorrect Payments. Notwithstanding the above, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager that such payments were incorrectly deemed to be Trust Property and, if applicable, and have been incorrectly allocated, the Receivables Trustee shall: (i) apply Trust Property in a manner consistent with this Deed the principles set out in the First Schedule (as amended by any Supplement) to repay such Incorrect Payments; and (ii) amend its books of account to record that (A) the pool of Ineligibles Bare Trust Property Eligible Receivables Pool has been increased by the amount of Principal Receivables, if any, equal to the amount of previously incorrectly deducted and that Incorrect Payments incorrectly allocated as Principal Collections (and such amount of Incorrect Payments shall be treated as having have been repaid), (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to the Eligible Receivables Pool and (C) following any reduction of an amount of Incorrect Payments incorrectly allocated as deduction from Finance Charge Collections from Finance Charge Collectionsfor such purpose, such amount of Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, shall be treated as having have been repaid; and the entitlement of the Beneficiaries to Trust Property shall be adjusted accordingly.

Incorrect Payments. If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("INCORRECT PAYMENTS"), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager Servicer that such monies are Incorrect Payments. Notwithstanding the above, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager Servicer that such payments were incorrectly deemed to be Trust Property and, if applicable, have been incorrectly allocated, the Receivables Trustee shall: (i) apply Trust Property (deemed or otherwise) in a manner consistent with this Deed (as amended by any Supplement) to repay such Incorrect Payments; and (ii) amend its books of account to record that (A) the pool of Ineligibles Undivided Bare Trust Property has been increased by the amount of Principal Receivables, if any, equal to the amount of Incorrect Payments incorrectly allocated as Principal Collections (and such amount of Incorrect Payments shall be treated as having been repaid), (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to deducted from the Eligible Receivables Pool pool of Undivided Bare Trust Property and (C) following any reduction of an amount of Incorrect Payments incorrectly allocated as Finance Charge Collections from Finance Charge Collections, such amount of Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, shall be treated as having been repaid; , and the recording of the entitlement of the Beneficiaries to Trust Property shall be adjusted affected accordingly.

Incorrect Payments. If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("INCORRECT PAYMENTS"Incorrect Payments), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Trust Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager Servicer that such monies are Incorrect Payments. Notwithstanding the above, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager Servicer that such payments were incorrectly deemed to be Trust Property and, if applicable, have been incorrectly allocated, the Receivables Trustee shall: (i) apply Trust Property (incorrectly deemed as Trust Property or otherwise paid in as Incorrect Payments) in a manner consistent with this Deed (as amended by any Trust Supplement) to repay such Incorrect Payments; and (ii) amend its books of account to record that (A) the pool of Ineligibles Undivided Bare Trust Property has been increased by the amount of Principal Receivables, if any, equal to the amount of Incorrect Payments incorrectly allocated as Principal Collections (and such amount of Incorrect Payments shall be treated as having been repaid), (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to deducted from the Eligible Receivables Pool pool of Undivided Bare Trust Property (after deducting from the said amount, the amount of any repayments made in accordance with (i) above, of amounts treated previously as Principal Collections) and (C) following any reduction of an amount of Incorrect Payments incorrectly allocated as Finance Charge Collections from Finance Charge Collections, such amount of Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, shall be treated as having been repaid; and the recording of the entitlement of the Beneficiaries to Trust Property shall be adjusted affected accordingly.

Incorrect Payments. If from time to time (i) payments of monies are incorrectly deemed to be Trust Property and paid into the Receivables Trustee Collection Account ("INCORRECT PAYMENTSIncorrect Payments"), ) and (ii) such monies may be deemed to be Collections representing are incorrectly allocated as Trust Property and allocated in a manner consistent accordance with this Deed (as amended by any Supplement) unless prior to such allocation ), then the Receivables Trustee is shall be notified by the Trust Cash Manager or any Co-Trust Cash Manager Servicer that such monies are Incorrect Payments. Notwithstanding the abovePayments and, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager that such payments were incorrectly deemed to be Trust Property and, if applicable, have been incorrectly allocatednotification, the Receivables Trustee shall: (i) apply such Trust Property in a manner consistent with this Deed (as amended by any Supplement) to repay the benefit of such Incorrect Payments; and (ii) amend its books of account to record that (A) the pool of Ineligibles Undivided Bare Trust Property has been increased by the amount of Principal Receivables, if any, equal to the amount of Incorrect Payments incorrectly allocated as Principal Collections (and such amount of Incorrect Payments shall be treated as having been repaid)Collections, (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to deducted from the Eligible Receivables Pool pool of Undivided Bare Trust Property and (C) following any reduction deduction of an amount of Incorrect Payments incorrectly allocated as Finance Charge Collections from Finance Charge CollectionsCollections and its repayment to the Transferor, such amount of Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, shall be treated as having been repaid; , and the recording of the entitlement of the Beneficiaries to Trust Property shall be adjusted affected accordingly.

Incorrect Payments. If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("INCORRECT PAYMENTS"), such monies may incorrectly be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed the principles set out in the First Schedule (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Co- Trust Cash Manager that such monies are Incorrect Payments. Notwithstanding the above, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager that such payments were incorrectly deemed to be Trust Property and, if applicable, and have been incorrectly allocated, the Receivables Trustee shall: (i) apply Trust Property in a manner consistent with this Deed the principles set out in the First Schedule (as amended by any Supplement) to repay such Incorrect Payments; and (ii) amend its books of account to record that (A) the pool of Ineligibles Bare Trust Property Eligible Receivables Pool has been increased by the amount of Principal Receivables, if any, equal to the amount of previously incorrectly deducted and that Incorrect Payments incorrectly allocated as Principal Collections (and such amount of Incorrect Payments shall be treated as having have been repaid), (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to the Eligible Receivables Pool and (C) following any reduction of an amount of Incorrect Payments incorrectly allocated as deduction from Finance Charge Collections from Finance Charge Collectionsfor such purpose, such amount of Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, shall be treated as having have been repaid; and the entitlement of the Beneficiaries to Trust Property shall be adjusted accordingly.

Incorrect Payments. If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("INCORRECT PAYMENTSIncorrect Payments"), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager Servicer that such monies are Incorrect Payments. Notwithstanding the above, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager Servicer that such payments were incorrectly deemed to be Trust Property and, if applicable, have been incorrectly allocated, the Receivables Trustee shall: (i) apply Trust Property (deemed or otherwise) in a manner consistent with this Deed (as amended by any Supplement) to repay such Incorrect Payments; and (ii) amend its books of account to record that (A) the pool of Ineligibles Undivided Bare Trust Property has been increased by the amount of Principal Receivables, if any, equal to the amount of Incorrect Payments incorrectly allocated as Principal Collections (and such amount of Incorrect Payments shall be treated as having been repaid), (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to deducted from the Eligible Receivables Pool pool of Undivided Bare Trust Property and (C) following any reduction of an amount of Incorrect Payments incorrectly allocated as Finance Charge Collections from Finance Charge Collections, such amount of Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, shall be treated as having been repaid; , and the recording of the entitlement of the Beneficiaries to Trust Property shall be adjusted affected accordingly.