Common use of Payments and Collections Clause in Contracts

Payments and Collections. 4 Section 2.1 Payments.....................................................................4 Section 2.2 Collections Prior to Amortization............................................5 Section 2.3 Collections Following Amortization...........................................5 Section 2.4 Application of Collections...................................................6 Section 2.5 Payment Recission............................................................6 Section 2.6 Maximum Purchaser Interests..................................................6 Section 2.7 Clean Up Call................................................................7

Payments and Collections. 4 Page 3 Section 2.1 Payments.....................................................................4 Payments .............................................. Page 3 Section 2.2 Collections Prior to Amortization............................................5 Amortization ..................... Page 3 Section 2.3 Collections Following Amortization...........................................5 Amortization .................... Page 4 Section 2.4 Application of Collections...................................................6 Collections ............................ Page 4 Section 2.5 Payment Recission............................................................6 Recission ..................................... Page 5 Section 2.6 Maximum Purchaser Interests..................................................6 Interests ................................... Page 5 Section 2.7 Clean Up Call................................................................7Repurchases and Releases of Receivables ............... Page 5

Payments and Collections. 4 6 Section 2.1 Payments.....................................................................4 .................................................. 6 Section 2.2 Collections Prior to Amortization............................................5 ......................... 6 Section 2.3 Collections Following Amortization...........................................5 ........................ 7 Section 2.4 Application of Collections...................................................6 ................................ 7 Section 2.5 Payment Recission............................................................6 Rescission........................................ 8 Section 2.6 Maximum Purchaser Interests..................................................6 ............................... 8 Section 2.7 Clean Up Call................................................................7............................................. 9 Section 2.8 Release of Excess Cash Collateral......................... 9

Payments and Collections. 4 Section 2.1 Payments.....................................................................Recourse Obligations............................................. 4 Section 2.2 Collections Prior to Amortization............................................................................ 5 Section 2.3 Collections Following Amortization...........................................5 Section 2.4 Application of Collections.................................................................................. 6 Section 2.5 Payment Recission............................................................6 Section 2.6 Maximum Purchaser Interests..................................................6 Section 2.7 Clean Up Call................................................................72.4

Payments and Collections. 4 3 Section 2.1 Payments.....................................................................4 3 Section 2.2 Collections Prior to Amortization............................................5 4 Section 2.3 Collections Following Amortization...........................................5 Section 2.4 Application of Collections...................................................6 5 Section 2.5 Payment Recission............................................................6 5 Section 2.6 Maximum Purchaser Interests..................................................6 Section 2.7 Clean Up Call................................................................76

Payments and Collections. 4 3 Section 2.1 Payments.....................................................................4 ....................................................3 Section 2.2 Collections Prior to Amortization............................................5 ...........................4 Section 2.3 Collections Following Amortization...........................................5 ..........................4 Section 2.4 Application of Collections...................................................6 ..................................4 Section 2.5 Payment Recission............................................................6 Rescission..........................................5 Section 2.6 Maximum Purchaser Interests..................................................6 Section 2.7 Clean Up Call................................................................7.................................5

Payments and Collections. 4 Section 2.1 Payments.............................................................................................................................4 Section 2.2 Collections Prior to Amortization...........................................................................5 Section 2.3 Collections Following Amortization...........................................5 ..............................6 Section 2.4 Application of Collections.........................................................................................6 Section 2.5 Payment Recission............................................................6 Section 2.6 Maximum Purchaser Interests..................................................6 Section 2.7 Clean Up Call................................................................72.5

Payments and Collections. 4 5 Section 2.1 Payments.....................................................................4 ................................................. 5 Section 2.2 Collections Prior to Amortization............................................5 ........................ 6 Section 2.3 Collections Following Amortization...........................................5 ....................... 6 Section 2.4 Application of Collections...................................................6 Section 2.5 Payment Recission............................................................6 Section 2.6 Maximum Purchaser Interests..................................................6 Section 2.7 Clean Up Call........................................................................................................ 7

Payments and Collections. 4 Section 2.1 Payments............................................................................................................................4 Section 2.2 Collections Prior to Amortization..........................................................................5 Section 2.3 Collections Following Amortization........................................................................5 Section 2.4 Application of Collections...................................................6 .....................................5 Section 2.5 Payment Recission............................................................Rescission.............................................6 Section 2.6 Maximum Purchaser Receivable Interests.....................................................................................6 Section 2.7 Clean Up Call................................................................7..................................................6

Payments and Collections. 4 Section 2.1 Payments.....................................................................4 .................................................... 3 Section 2.2 Collections Prior to Amortization............................................5 ........................... 3 Section 2.3 Collections Following Amortization...........................................5 .......................... 3 Section 2.4 Application of Collections...................................................6 .................................. 4 Section 2.5 Payment Recission............................................................6 Rescission.......................................... 4 Section 2.6 Maximum Aggregate Purchaser Interests..................................................6 Section 2.7 Clean Up Call................................................................7Interest................................ 5

Payments and Collections. 4 Page 2 Section 2.1 Payments.....................................................................4 ...........................................Page 2 Section 2.2 Collections Prior to Amortization............................................5 ..................Page 3 Section 2.3 Collections Following Amortization...........................................5 .................Page 3 Section 2.4 Application of Collections...................................................6 .........................Page 4 Section 2.5 Payment Recission............................................................6 Rescission.................................Page 4 Section 2.6 Maximum Purchaser Interests..................................................6 Section 2.7 Clean Up Call................................................................7........................Page 4 ARTICLE III

Payments and Collections. 4 3 Section 2.1 Payments.....................................................................4 ............................................ 3 Section 2.2 Collections Prior to Amortization............................................5 ................... 3 Section 2.3 Collections Following Amortization...........................................5 .................. 4 Section 2.4 Application of Collections...................................................6 .......................... 4 Section 2.5 Payment Recission............................................................6 ................................... 5 Section 2.6 Maximum Purchaser Interests..................................................6 ......................... 5 Section 2.7 Clean Up Call................................................................7....................................... 5

Payments and Collections. 4 3 Section 2.1 Payments.....................................................................4 ..................................................3 Section 2.2 Collections Prior to Amortization............................................5 .........................3 Section 2.3 Collections Following Amortization...........................................5 ........................4 Section 2.4 Application of Collections...................................................6 ................................4 Section 2.5 Payment Recission............................................................6 Rescission........................................5 Section 2.6 Maximum Purchaser Receivable Interests..................................................6 ..............................5 Section 2.7 Clean Up Call................................................................7.............................................5

Payments and Collections. 4 3 Section 2.1 Payments.....................................................................4 ....................................................................3 Section 2.2 Collections Prior to Amortization............................................5 ...........................................4 Section 2.3 Collections Following Amortization.....................................................................................5 Section 2.4 Application of Collections...................................................6 ..................................................5 Section 2.5 Payment Recission............................................................Rescission..........................................................6 Section 2.6 Maximum Purchaser Interests...................................................................................................6 Section 2.7 Clean Up Call................................................................7...............................................................6 Section 2.8 Additional Originators......................................................6

Payments and Collections. 4 5 Section 2.1 Payments.....................................................................4 5 Section 2.2 Collections Prior to Amortization............................................5 6 Section 2.3 Collections Following Amortization...........................................5 6 Section 2.4 Application of Collections...................................................6 7 Section 2.5 Payment Recission............................................................6 7 Section 2.6 Maximum Purchaser Interests..................................................6 7 Section 2.7 Clean Up Call................................................................78

Payments and Collections. 4 3 Section 2.1 Payments.....................................................................4 .......................................... 3 Section 2.2 Collections Prior to Amortization............................................5 ................. 3 Section 2.3 Collections Following Amortization...........................................5 ................ 4 Section 2.4 Application of Collections...................................................6 ........................ 4 Section 2.5 Payment Recission............................................................6 Rescission................................ 5 Section 2.6 Maximum Purchaser Interests..................................................6 ....................... 5 Section 2.7 Clean Up Call................................................................7..................................... 5

Payments and Collections. 4 Section 2.1 Payments.....................................................................4 ; Due Dates of Payments...................................3 Section 2.2 Collections Prior to Amortization............................................5 .................................4 Section 2.3 Collections Following Amortization...........................................5 ................................4 Section 2.4 Application of Collections...................................................6 ........................................4 Section 2.5 Payment Recission............................................................6 Rescission................................................5 Section 2.6 Maximum Purchaser Interests..................................................6 .......................................5 Section 2.7 Clean Up Call................................................................7.....................................................5

Payments and Collections. 4 3 Section 2.1 2.1. Payments.....................................................................4 ............................................................. 3 Section 2.2 2.2. Collections Prior to Amortization............................................5 .................................... 3 Section 2.3 2.3. Collections Following Amortization.............................................................................. 5 Section 2.4 2.4. Application of Collections.............................................................................................. 5 Section 2.5. Payment Rescission................................................... 6 Section 2.5 Payment Recission............................................................6 Section 2.6 2.6. Maximum Purchaser Interests............................................................................................ 6 Section 2.7 2.7. Clean Up Call................................................................7........................................................ 6

Payments and Collections. 4 3 Section 2.1 Payments.....................................................................4 Payments .................................................. 3 Section 2.2 Collections Prior to Amortization............................................5 .......................... 3 Section 2.3 Collections Following Amortization...........................................5 ......................... 4 Section 2.4 Application of Collections...................................................6 ................................. 4 Section 2.5 Payment Recission............................................................6 .......................................... 5 Section 2.6 Maximum Purchaser Interests..................................................6 ................................ 5 Section 2.7 Clean Up Call................................................................7.............................................. 5