Common use of Miscellaneous Payments Clause in Contracts

Miscellaneous Payments. On each Deposit Date, the Servicer shall treat any Series Allocable Miscellaneous Payments as Investor Principal Collections and apply them as provided in Section 4.1(c) or 4.1(d), as appropriate; provided, however, that any Series Allocable Miscellaneous Payments consisting of Adjustment Payments that were paid after their due date as per Section 3.9(a) of the Trust Sale and Servicing Agreement, if the amount of such overdue Adjustment Payments has been included in the Monthly Dilution Amount for any prior Monthly Period, shall be treated as Investor Non-Principal Collections and applied as provided in Section 4.1(b).