Common use of Advances by the Servicer Clause in Contracts

Advances by the Servicer. By the close of business on the Business Day preceding a Payment Date, the Servicer may, in its sole discretion, deposit into the Collection Account, out of its own funds, an Advance; provided, however, that the Servicer shall not make any Advances with respect to Defaulted Receivables. The Servicer shall not charge interest on amounts so advanced. The Servicer shall be reimbursed for any Advance on the Payment Date immediately following the Collection Period in which the related Receivable has been charged off in full by the Servicer; provided, however, that the Servicer may elect, in its sole discretion, to be reimbursed for any unreimbursed Advance made in respect of a Receivable at an earlier date pursuant to Section 5.05 hereof or Section 5.04 of the Indenture, as applicable or, from the following sources with respect to such Receivable: (i) subsequent payments made by or on behalf of the related Obligor, (ii) Liquidation Proceeds or (iii) Recoveries.

Advances by the Servicer. By the close of business on the Business Day preceding a Payment Date, the Servicer may, in its sole discretion, deposit into the Collection Account, out of its own funds, an Advance; provided, however, that the Servicer shall not make any Advances with respect to Defaulted Receivables. The Servicer shall not charge interest on amounts so advanced. The Servicer shall be reimbursed for any Advance on the Payment Date immediately following the Collection Period in which the related Receivable has been charged off in full by the Servicer; provided, however, that the Servicer may elect, in its sole discretion, to be reimbursed for any unreimbursed Advance made in respect of a Receivable at an earlier date pursuant to Section 5.05 hereof or Section 5.04 of the Indenture, as applicable or, from the following sources with respect to such Receivable: (i) subsequent payments made by or on behalf of the related Obligor, (ii) Liquidation Proceeds or (iii) Recoveries.. 19 (2021-C Sale and Servicing Agreement)

Advances by the Servicer. By the close of business on the Business Day preceding a Payment Date, the Servicer may, in its sole discretion, deposit into the Collection Account, out of its own funds, an Advance; provided, however, that the Servicer shall not make any Advances with respect to Defaulted Receivables. The Servicer shall not charge interest on amounts so advanced. The Servicer shall be reimbursed for any Advance on the Payment Date immediately following the Collection Period in which the related Receivable has been charged off in full by the Servicer; provided, however, that the Servicer may elect, in its sole discretion, to be reimbursed for any unreimbursed Advance made in respect of a Receivable at an earlier date pursuant to Section 5.05 hereof or Section 5.04 of the Indenture, as applicable or, from the following sources with respect to such Receivable: (i) subsequent payments made by or on behalf of the related Obligor, (ii) Liquidation Proceeds or (iii) Recoveries.. 17 (2020-C Sale and Servicing Agreement)

Advances by the Servicer. By the close of business on the Business Day preceding a Payment Date, the Servicer may, in its sole discretion, deposit into the Collection Account, out of its own funds, an Advance; provided, however, that the Servicer shall not make any Advances with respect to Defaulted Receivables. The Servicer shall not charge interest on amounts so advanced. The Servicer shall be reimbursed for any Advance on the Payment Date immediately following the Collection Period in which the related Receivable has been charged off in full by the Servicer; provided, however, that the Servicer may elect, in its sole discretion, to be reimbursed for any unreimbursed Advance made in respect of a Receivable at an earlier date pursuant to Section 5.05 hereof or Section 5.04 of the Indenture, as applicable or, from the following sources with respect to such Receivable: (i) subsequent payments made by or on behalf of the related Obligor, (ii) Liquidation Proceeds or (iii) Recoveries.. 17 (2020-A Sale and Servicing Agreement)

Advances by the Servicer. By the close of business on the Business Day preceding a Payment Date, the Servicer may, in its sole discretion, deposit into the Collection Account, out of its own funds, an Advance; provided, however, that the Servicer shall not make any Advances with respect to Defaulted Receivables. The Servicer shall not charge interest on amounts so advanced. The Servicer shall be reimbursed for any Advance on the Payment Date immediately following the Collection Period in which the related Receivable has been charged off in full by the Servicer; provided, however, that the Servicer may elect, in its sole discretion, to be reimbursed for any unreimbursed Advance made in respect of a Receivable at an earlier date pursuant to Section 5.05 hereof or Section 5.04 of the Indenture, as applicable or, from the following sources with respect to such Receivable: (i) subsequent payments made by or on behalf of the related Obligor, (ii) Liquidation Proceeds or (iii) Recoveries.. 17 (2023-A Sale and Servicing Agreement)