Common use of Payments and Collections Clause in Contracts

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

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

Payments and Collections. Page 3 4 Section 2.1 Payments .............................................. Page 3 Payments........................................................4 Section 2.2 Collections Prior to Amortization ..................... Page 3 Amortization...............................5 Section 2.3 Collections Following Amortization .................... Page 4 Amortization..............................6 Section 2.4 Application of Collections ............................ Page 4 Collections......................................6 Section 2.5 Payment Recission ..................................... Page 5 Section 2.6 Purchaser Interests ................................... Page 5 Section 2.7 Repurchases and Releases of Receivables ............... Page 52.5

Payments and Collections. Page 3 Section 2.1 Payments .............................................. Page 2.1. Payments............................................................. 3 Section 2.2 2.2. Collections Prior to Amortization ..................... Page Amortization.................................... 3 Section 2.3 2.3. Collections Following Amortization .................... Page 4 Amortization................................... 5 Section 2.4 2.4. Application of Collections ............................ Page 4 Section 2.5 Payment Recission ..................................... Page Collections........................................... 5 Section 2.6 2.5. Payment Rescission................................................... 6 Section 2.6. Maximum Purchaser Interests ................................... Page 5 Interests.......................................... 6 Section 2.7 Repurchases and Releases of Receivables ............... Page 52.7. Clean Up Call........................................................ 6

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

Payments and Collections. Page 3 13 Section 2.1 Payments .............................................. Page 3 ............................................................................................ 13 Section 2.2 Collections Prior to Amortization ..................... Page 3 ...................................................... 13 Section 2.3 Collections Following Amortization .................... Page 4 Amortization.................................................. 15 Section 2.4 Application of Collections ............................ Page 4 ................................................................. 15 Section 2.5 Payment Recission ..................................... Page 5 Rescission ........................................................................... 16 Section 2.6 Maximum Purchaser Interests ................................... Page 5 Interests............................................................ 16 Section 2.7 Repurchases and Releases Clean Up Call..................................................................................... 16 Section 2.8 Demand for Payment of Receivables ............... Page 5Demand Loans............................................ 16

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

Payments and Collections. Page 3 5 Section 2.1 Payments .............................................. Page 3 Payments.....................................................................5 Section 2.2 Collections Prior to Amortization ..................... Page 3 Amortization............................................6 Section 2.3 Collections Following Amortization .................... Page 4 Amortization...........................................6 Section 2.4 Application of Collections ............................ Page 4 Collections...................................................7 Section 2.5 Payment Recission ..................................... Page 5 Recission............................................................7 Section 2.6 Maximum Purchaser Interests ................................... Page 5 Interests..................................................7 Section 2.7 Repurchases and Releases of Receivables ............... Page 5Clean Up Call................................................................8

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

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

Payments and Collections. Page 3 6 Section 2.1 Payments .............................................. Page 3 Payments.................................................. 6 Section 2.2 Collections Prior to Amortization ..................... Page 3 Amortization......................... 6 Section 2.3 Collections Following Amortization .................... Page 4 Amortization........................ 7 Section 2.4 Application of Collections ............................ Page 4 Collections................................ 7 Section 2.5 Payment Recission ..................................... Page 5 Rescission........................................ 8 Section 2.6 Maximum Purchaser Interests ................................... Page 5 Interests............................... 8 Section 2.7 Repurchases and Releases Clean Up Call............................................. 9 Section 2.8 Release of Receivables ............... Page 5Excess Cash Collateral......................... 9

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

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

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

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

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

Payments and Collections. Page 3 Section 2.1 Payments .............................................. Page Payments.................................................... 3 Section 2.2 Collections Prior to Amortization ..................... Page Amortization........................... 3 Section 2.3 Collections Following Amortization .................... Page 4 Amortization.......................... 3 Section 2.4 Application of Collections ............................ Page Collections.................................. 4 Section 2.5 Payment Recission ..................................... Page 5 Rescission.......................................... 4 Section 2.6 Aggregate Purchaser Interests ................................... Page 5 Section 2.7 Repurchases and Releases of Receivables ............... Page Interest................................ 5

Payments and Collections. Page 3 2 Section 2.1 Payments .............................................. Payments...........................................Page 3 2 Section 2.2 Collections Prior to Amortization ..................... Amortization..................Page 3 Section 2.3 Collections Following Amortization .................... Amortization.................Page 4 3 Section 2.4 Application of Collections ............................ Collections.........................Page 4 Section 2.5 Payment Recission ..................................... Rescission.................................Page 5 4 Section 2.6 Maximum Purchaser Interests ................................... Interests........................Page 5 Section 2.7 Repurchases and Releases of Receivables ............... Page 54 ARTICLE III

Payments and Collections. Page 3 4 Section 2.1 Payments .............................................. Page 3 Recourse Obligations............................................. 4 Section 2.2 Collections Prior to Amortization ..................... Page 3 Amortization................................ 5 Section 2.3 Collections Following Amortization .................... Page 4 Amortization............................... 6 Section 2.4 Application of Collections ............................ Page 4 Section 2.5 Payment Recission ..................................... Page 5 Section 2.6 Purchaser Interests ................................... Page 5 Section 2.7 Repurchases and Releases of Receivables ............... Page 52.4

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

Payments and Collections. Page 3 6 Section 2.1 Payments .............................................. Page 3 .............................................................................................. 6 Section 2.2 Collections Prior to Amortization ..................... Page 3 ........................................................ 7 Section 2.3 Collections Following Amortization .................... Page 4 Amortization.................................................... 8 Section 2.4 Application of Collections ............................ Page 4 Section 2.5 Payment Recission ..................................... Page 5 Section 2.6 Purchaser Interests ................................... Page 5 Section 2.7 Repurchases and Releases of Receivables ............... Page 52.4

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