Common use of Account Allocations Clause in Contracts

Account Allocations. If a Transfer Restriction Event occurs, Centurion agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC III, after the date of such Transfer Restriction Event, all Collections with respect to Principal Receivables previously sold to RFC III. To the extent that it is not clear to Centurion whether collections relate to a Receivable that was sold to RFC III or to a receivable that Centurion is unable to sell to RFC III, Centurion agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC III of additional Principal Receivables, Principal Receivables sold to RFC III prior to the occurrence of the Transfer Restriction Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC III available for transfer by RFC III to the Trustee pursuant to the Pooling and Servicing Agreement.

Account Allocations. If a Transfer Restriction Event occurs, Centurion FSB agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC IIIIV, after the date of such Transfer Restriction Event, all Collections with respect to Principal Receivables previously sold to RFC IIIIV. To the extent that it is not clear to Centurion FSB whether collections relate to a Receivable that was sold to RFC III IV or to a receivable that Centurion FSB is unable to sell to RFC IIIIV, Centurion FSB agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC III IV of additional Principal Receivables, Principal Receivables sold to RFC III IV prior to the occurrence of the Transfer Restriction Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC III IV available for transfer by RFC III IV to the Trustee pursuant to the Pooling and Servicing Agreement.

Account Allocations. If a Transfer Restriction Event occursIn the event that any Seller is unable for any reason to transfer Receivables to the Trust in accordance with the provisions of this Agreement (including, Centurion agrees (except as prohibited without limitation, by reason of any governmental agency having regulatory authority over any Seller or any court of competent jurisdiction ordering that any Seller not convey any additional Principal Receivables to the Trust) then, in any such order or any Requirement of Law) event, such Seller agrees to allocate and pay to RFC IIIthe Trust, after the date of such Transfer Restriction Eventinability, all Collections with respect to Receivables that would have been Principal Receivables previously sold but for the inability to RFC IIItransfer such Receivables (up to an aggregate amount equal to the amount of Principal Receivables in the Trust on such date with respect to Principal Receivables transferred to the Trust by such Seller); and such Seller agrees to have such amounts applied as Collections in accordance with Section 4.03. To the extent that it is not clear to Centurion whether collections relate to a Receivable that was sold to RFC III or to a receivable that Centurion If such Seller is unable pursuant to sell any Requirement of Law to RFC IIIallocate payments on the Accounts as described above, Centurion such Seller agrees that it shall shall, in any such event, allocate after such date payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such AccountAccount and to have such payments applied as Collections in accordance with Section 4.03. Notwithstanding The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables that have been conveyed to the Trust by any Seller shall continue to be a part of the Trust notwithstanding any cessation of the sale to RFC III transfer of additional Principal Receivables, Principal Receivables sold to RFC III prior to the occurrence of the Transfer Restriction Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such Finance Charge ReceivablesTrust, and Issuer Rate Fees allocable to the foregoing Collections with respect thereto shall continue to be property of RFC III available for transfer by RFC III to the Trustee pursuant to the Pooling allocated and Servicing Agreementpaid in accordance with Section 4.03.

Account Allocations. If a Transfer Restriction Event occursIn the event that the Seller is unable for any reason to sell Receivables to the Buyer in accordance with the provisions of this Agreement (including, Centurion without limitation, by reason of the application of the provisions of Section 8.2 or any Governmental Authority having regulatory authority over the Seller or any court of competent jurisdiction ordering that the Seller not sell any additional Principal Receivables to the Buyer), then in any such event, the Seller agrees (except as prohibited by any such order or any Requirement of Laworder) to allocate and pay to RFC IIIthe Buyer, after the date of such Transfer Restriction Eventinability, all Collections with respect to Principal Receivables previously sold to RFC IIIthe Buyer. To the extent that it is not clear to Centurion the Seller whether collections relate to a Principal Receivable that was sold to RFC III the Buyer or to a principal receivable that Centurion the Seller is unable to sell to RFC IIIthe Buyer, Centurion the Seller agrees that it shall allocate payments on each Account or Additional Account with respect to the principal balance of such Account or Additional Account first to the oldest principal balance of such Account or Additional Account. Notwithstanding any cessation of the sale to RFC III the Buyer of additional Principal Receivables, Principal Receivables sold to RFC III the Buyer prior to the occurrence of the Transfer Restriction Eventevent giving rise to such inability, Collections in respect of such Principal Receivables, Finance Charge and Administrative Receivables whenever created that accrue in respect of such Principal Receivables, and Collections in respect of such Finance Charge and Administrative Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC III the Buyer available for transfer by RFC III the Buyer to the Trustee pursuant to the Pooling and Servicing AgreementPurchasers listed on Schedule 3.

Account Allocations. If a Transfer Restriction Event occursIn the event that RPA Seller is unable for any reason to transfer Receivables to the Purchaser in accordance with the provisions of this Agreement (including, Centurion agrees (except as prohibited without limitation, by reason of the application of the provisions of Section 8.02 or an order by any such order federal governmental agency having regulatory authority over RPA Seller or any Requirement court of Lawcompetent jurisdiction that RPA Seller not transfer any additional Principal Receivables to the Purchaser) then, in any such event, RPA Seller agrees to allocate and pay to RFC IIIthe Purchaser, after the date of such Transfer Restriction Eventinability, all Collections with respect to Principal Receivables previously sold to RFC IIIPurchaser. To the extent that it is not clear to Centurion whether collections relate to a Receivable that was sold to RFC III or to a receivable that Centurion If RPA Seller is unable pursuant to sell any Requirement of Law to RFC IIIallocate Collections as described above, Centurion RPA Seller agrees that it shall allocate in any such event allocate, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such AccountAccount and to have such payments applied as Collections in accordance with the Transaction Documents. Notwithstanding The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables that have been conveyed to the Purchaser shall continue to be owned by Purchaser or its assignee notwithstanding any cessation of the sale to RFC III transfer of additional Principal Receivables, Principal Receivables sold to RFC III prior to the occurrence of the Transfer Restriction Event, Purchaser and Collections in with respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing thereto shall continue to be property of RFC III available for transfer by RFC III to allocated and paid in accordance with the Trustee pursuant to the Pooling and Servicing AgreementTransaction Documents.

Account Allocations. If a Transfer Restriction Event occursIn the event that the Transferor is unable for any reason to transfer Receivables to the Trust in accordance with the provisions of this Agreement (including, Centurion agrees (except as prohibited without limitation, by reason of any governmental agency having regulatory authority over the Transferor or any court of competent jurisdiction ordering that the Transferor not convey any additional Principal Receivables to the Trust) then, in any such order or any Requirement of Law) event, the Transferor agrees to allocate and pay to RFC IIIthe Trust, after the date of such Transfer Restriction Eventinability, all Collections with respect to Receivables that would have been Principal Receivables previously sold but for the inability to RFC IIItransfer such Receivables (up to an aggregate amount equal to the amount of Principal Receivables in the Trust on such date with respect to Principal Receivables transferred to the Trust by the Transferor); and the Transferor agrees to have such amounts applied as Collections in accordance with Section 4.03. To If the extent that it is not clear to Centurion whether collections relate to a Receivable that was sold to RFC III or to a receivable that Centurion Transferor is unable pursuant to sell any Requirement of Law to RFC IIIallocate payments on the Accounts as described above, Centurion the Transferor agrees that it shall shall, in any such event, allocate after such date payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such AccountAccount and to have such payments applied as Collections in accordance with Section 4.03. Notwithstanding The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables that have been conveyed to the Trust by the Transferor shall continue to be a part of the Trust notwithstanding any cessation of the sale to RFC III transfer of additional Principal Receivables, Principal Receivables sold to RFC III prior to the occurrence of the Transfer Restriction Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such Finance Charge ReceivablesTrust, and Issuer Rate Fees allocable to the foregoing Collections with respect thereto shall continue to be property of RFC III available for transfer by RFC III to the Trustee pursuant to the Pooling allocated and Servicing Agreementpaid in accordance with Section 4.03.

Account Allocations. If a Transfer Restriction Event occursIn the event that HRAC II is unable for any reason to sell Receivables to MRI in accordance with the provisions of this Agreement (including, Centurion without limitation, by reason of the application of the provisions of Section 8.02 or any Governmental Authority having regulatory authority over HRAC II or any court of competent jurisdiction ordering that HRAC II not sell any additional Principal Receivables to MRI), then, in any such event, HRAC II agrees (except as prohibited by any such order or any Requirement of Laworder) to allocate and pay to RFC IIIMRI, after the date of such Transfer Restriction Eventinability, all Collections with respect to Principal Receivables previously sold to RFC IIIMRI. To the extent that it is not clear to Centurion HRAC II whether collections relate to a Principal Receivable that was sold to RFC III MRI or to a principal receivable that Centurion HRAC II is unable to sell to RFC IIIMRI, Centurion HRAC II agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC III MRI of additional Principal Receivables, Principal Receivables sold to RFC III MRI prior to the occurrence of the Transfer Restriction Eventevent giving rise to such inability, Collections in respect of such Principal Receivables, Finance Charge and Administrative Receivables whenever created that accrue in respect of such Principal Receivables, and Collections in respect of such Finance Charge and Administrative Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC III MRI available for transfer by RFC III MRI to the Trustee pursuant to the Pooling and Servicing AgreementTrust.

Account Allocations. If a Transfer Restriction Event occurs, Centurion Chase USA agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC III, Purchaser or at the direction of Purchaser after the date of such Transfer Restriction Event, all Collections with respect to Principal Receivables previously sold Conveyed to RFC IIIPurchaser. To the extent that it is not clear to Centurion Chase USA whether collections Collections relate to a Principal Receivable that was sold to RFC III Purchaser or to a receivable Principal Receivable that Centurion Chase USA is unable to sell to RFC IIIPurchaser, Centurion Chase USA agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of in the sale Conveyance to RFC III Purchaser of additional Principal Receivables, Principal Receivables sold to RFC III Purchaser prior to the occurrence of the Transfer Restriction Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, and Collections in respect of such Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC III Purchaser available for transfer Conveyance by RFC III Purchaser to the Trustee pursuant to the Pooling and Servicing Agreement.. [END OF ARTICLE V]

Account Allocations. If a Transfer Restriction Event occurs, Centurion agrees Transferor is unable for any reason to transfer Transferred Interests to Buyer in accordance with the provisions of this Agreement (except as prohibited including by reason of the application of the provisions of Section 5.1 or an order by any Governmental Authority that Transferor not transfer any additional Principal Receivables to Buyer) then, in any such order or any Requirement of Law) event, Transferor agrees to allocate and pay to RFC IIIBuyer, after the date of such Transfer Restriction Eventinability, all Collections with respect to Principal Receivables, and all amounts which would have constituted Collections with respect to Principal Receivables previously sold but for Transferor’s inability to RFC IIItransfer such Transferred Interests (up to an aggregate amount equal to the amount of Principal Receivables held by Buyer on such date of inability). To the extent that it is not clear to Centurion whether collections relate to a Receivable that was sold to RFC III or to a receivable that Centurion If Transferor is unable pursuant to sell any Requirement of Law to RFC IIIpay to Buyer Collections as described above, Centurion Transferor agrees that it shall allocate payments collections, charge-offs and other incidents of the receivables in the Accounts between Transferred Interests and other receivables outstanding in the Accounts on each Account with a basis reasonably intended to approximate the actual portions allocable to Transferred Interests and other receivables respectively. The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables that have been conveyed to Buyer, or that would have been conveyed to Buyer but for the principal balance of above described inability to transfer such Account first Receivables, shall continue to the oldest principal balance of such Account. Notwithstanding be held by Buyer notwithstanding any cessation of the sale to RFC III transfer of additional Principal Receivables, Principal Receivables sold to RFC III prior to the occurrence of the Transfer Restriction Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC III available for transfer by RFC III to the Trustee pursuant to the Pooling and Servicing AgreementBuyer.

Account Allocations. If a Transfer Restriction Event occurs, Centurion then, in any such event, Fleet (RI) agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC IIIFCCF, after the date of such Transfer Restriction Event, all Collections with respect to Principal Receivables previously sold to RFC IIIFCCF. To the extent that it is not clear to Centurion Fleet (RI) whether collections relate to a Principal Receivable that was sold to RFC III FCCF or to a receivable Principal Receivable that Centurion Fleet (RI) is unable to sell to RFC IIIFCCF, Centurion Fleet (RI) agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC III FCCF of additional Principal Receivables, Principal Receivables sold to RFC III FCCF prior to the occurrence of the Transfer Restriction Eventevent giving rise to such inability, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, and Collections in respect of such Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC III FCCF available for transfer by RFC III FCCF to the Trustee pursuant to the Pooling and Servicing Agreement.. [END OF ARTICLE V]