Common use of Payment of Amounts Set Aside Clause in Contracts

Payment of Amounts Set Aside. (i) The Servicers shall pay all amounts set aside pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Administrative Agent, on the Purchaser's behalf, on the last day of the then current Yield Period for such Asset Tranche as provided in Section 3.1. (ii) The Servicers shall pay all amounts of Collections set aside pursuant to Section 1.3(a)(ii) in respect of CP Costs on any Asset Tranche funded by Commercial Paper Notes to the Administrative Agent, on the Purchaser's behalf, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Servicers shall pay all amounts of Collections set aside pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to the Administrative Agent, on the Purchaser's behalf, on each Settlement Date for each Settlement Period, as provided in Section 3.1. (iv) The Servicers shall pay all amounts set aside pursuant to Section 1.3(b) to the Administrative Agent for the account of the Purchaser (A) on the last day of each Yield Period for any Asset Tranche funded by a Liquidity Funding, as provided in Section 3.1, in an amount not exceeding the Purchaser's Tranche Investment of such Asset Tranche, and (B) on the Settlement Date following the last day of each CP Accrual Period for any Asset Tranche funded by Commercial Paper Notes, as provided in Section 3.1, in an amount not exceeding the Purchaser's Tranche Investment of such Asset Tranche.

Payment of Amounts Set Aside. (i) The Servicers shall pay all amounts Servicer shall, from the portion of the Pool Hold-Back Amount relating to each Receivable Pool set aside and held in trust pursuant to clause (i) of Section 1.3(a)(ii1.3(a) in respect of Earned Discount Yield on an Asset a Rate Tranche relating to such Receivable Pool not funded by the issuance of Commercial Paper Notes (including under a Liquidity Funding Agreement or an Enhancement Agreements) pay to the Administrative Agent, on the Purchaser's behalf, applicable Purchaser Agent such Yield on the last day of the then current Yield Period for such Asset Rate Tranche based on information provided by such Purchaser Agent pursuant to Article II, or during the Liquidation Period or after the occurrence of an Event of Termination, Collection Control Event or Non-Reinvestment Event that remains continuing, on such earlier date or dates as provided in Section 3.1the applicable Administrative Agent or the Collateral Agent shall require on at least one (1) Business Day’s prior written notice to the Servicer. (ii) The Servicers shall pay all amounts Servicer shall, from the portion of Collections the Pool Hold-Back Amount relating to each Receivable Pool set aside and held in trust pursuant to clause (i) of Section 1.3(a)(ii1.3(a) in respect of CP Costs on any Asset Tranche funded by Commercial Paper Notes to the Administrative Agent, on the Purchaser's behalf, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Servicers shall pay all amounts of Collections set aside pursuant to Section 1.3(a)(ii) above and not applied pursuant to clauses clause (i) or (iiof this Section 1.3(c) above and not set aside in respect of such Receivable Pool’s Pro Rata Share of the Servicing Fee, pay to the applicable Administrative Agent, Agent in respect of amounts owing to it in its capacity as Administrative Agent and each applicable Purchaser Agent and the Collateral Agent in respect of amounts owed to it and to the members of its Purchaser Group on the Purchaser's behalf, on each Settlement Date for each Settlement Period, as provided in Section 3.1. (iv) The Servicers shall pay all amounts set aside , or during the Liquidation Period or Total Commitment pursuant to this Section 1.3(b3.2(c) to the Administrative Agent for the account of the Purchaser (A) shall be on the last day a pro rata basis in respect of each Yield Period for any Asset Tranche funded by a Liquidity Funding, as provided in Section 3.1, in an amount not exceeding the Purchaser's Tranche Investment of such Asset Tranche, and (B) on the Settlement Date following the last day of each CP Accrual Period for any Asset Tranche funded by Commercial Paper Notes, as provided in Section 3.1, in an amount not exceeding the Purchaser's Tranche Investment of such Asset TrancheReceivable Pool.

Payment of Amounts Set Aside. (i) The Servicers shall pay all amounts set aside pursuant to Section SECTION 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Administrative Agent, on the Purchaser's behalf, on the last day of the then current Yield Period for such Asset Tranche as provided in Section SECTION 3.1. (ii) The Servicers shall pay all amounts of Collections set aside pursuant to Section SECTION 1.3(a)(ii) in respect of CP Costs Earned Discount on any Asset Tranche funded by Commercial Paper Notes to the Administrative Agent, on the Purchaser's behalf, on the Settlement Date following the last day of each the then current CP Accrual Tranche Period for such Asset Tranche, as provided in Section SECTION 3.1. (iii) The Servicers shall pay all amounts of Collections set aside pursuant to Section SECTION 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to the Administrative Agent, on the Purchaser's behalf, on each Settlement Date for each Settlement Period, as provided in Section SECTION 3.1. (iv) The Servicers shall pay all amounts set aside pursuant to Section SECTION 1.3(b) to the Administrative Agent for the account of the Purchaser (A) on the last day of each Yield Period for any Asset Tranche funded by a Liquidity Funding, as provided in Section 3.1, in an amount not exceeding the Purchaser's Tranche Investment of such Asset Tranche, and (B) on the Settlement Date following the last day of each CP Accrual Tranche Period for any Asset Tranche funded by Commercial Paper Notes, as provided in Section SECTION 3.1, in an amount not exceeding the Purchaser's Tranche Investment of such Asset Tranche.

Payment of Amounts Set Aside. (i) The Servicers shall pay all amounts set aside pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Administrative each Purchaser Agent, on the related Purchaser's ’s behalf, on the last day of the then current Yield Period for such Asset Tranche as provided in Section 3.1. (ii) The Servicers shall pay all amounts of Collections set aside pursuant to Section 1.3(a)(ii) in respect of CP Costs on any Asset Tranche funded by Commercial Paper Notes to the Administrative each Purchaser Agent, on the related Purchaser's ’s behalf, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Servicers shall pay all amounts of Collections set aside pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to the Administrative each Purchaser Agent, on the related Purchaser's ’s behalf, on each Settlement Date for each Settlement Period, as provided in Section 3.1. (iv) The Servicers shall pay all amounts set aside pursuant to Section 1.3(b) to the Administrative each Purchaser Agent for the account of the related Purchaser (A) on the last day of each Yield Period for any Asset Tranche funded by a Liquidity FundingFunding of such Purchaser Group, as provided in Section 3.1, in an amount not exceeding the related Purchaser's ’s Tranche Investment of such Asset Tranche, and (B) on the Settlement Date following the last day of each CP Accrual Period for any Asset Tranche funded by Commercial Paper Notes, as provided in Section 3.1, in an amount not exceeding the related Purchaser's ’s Tranche Investment of such Asset Tranche.