Common use of Payments to the Transferor Clause in Contracts

Payments to the Transferor. The Servicer shall on Deposit Dates pay to the Holder of the Transferor Security the following amounts: (i) an amount equal to the Transferor Percentage for the related Monthly Period of Series 1998-2 Allocable Finance Charge Collections; and (ii) an amount equal to the Transferor Percentage for the related Monthly Period of Series 1998-2 Allocable Principal Collections, if the Transferor Amount (determined after giving effect to any Principal Receivables transferred to the Trust on such Deposit Date) exceeds the Required Transferor Amount. The withdrawals to be made from the Collection Account pursuant to this subsection 4.1(b) do not apply to deposits into the Collection Account that do not represent Collections, including payment of the purchase price for the Securityholders' Interest pursuant to Section 2.6 or 10.1 of the Agreement, payment of the purchase price for the Series 1998-2 Securityholders' Interest pursuant to Section 7.1 of this Supplement and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 9.1 or 12.2 of the Agreement. (c) Allocations to the Series 1998-2

Payments to the Transferor. The Servicer shall on Deposit Dates pay to the Holder of the Transferor Security the following amounts: (i) an amount equal to the Transferor Percentage for the related Monthly Period of Series 1998-2 3 Allocable Finance Charge Collections; and (ii) an amount equal to the Transferor Percentage for the related Monthly Period of Series 1998-2 3 Allocable Principal Collections, if the Transferor Amount (determined after giving effect to any Principal Receivables transferred to the Trust on such Deposit Date) exceeds the Required Transferor Amount. The withdrawals to be made from the Collection Account pursuant to this subsection 4.1(b) do not apply to deposits into the Collection Account that do not represent Collections, including payment of the purchase price for the Securityholders' Interest pursuant to Section 2.6 or 10.1 of the Agreement, payment of the purchase price for the Series 1998-2 3 Securityholders' Interest pursuant to Section 7.1 of this Supplement and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 9.1 or 12.2 of the Agreement. (c) Allocations to the Series 1998-23