Common use of Allocations and Payments Clause in Contracts

Allocations and Payments. (a) On each Business Day during each Collection Period, funds available in the Collection Account will be applied by the Indenture Trustee (all in accordance with the Servicing Report) in the following order of priority (in each case to the extent of available funds in the Collection Account on such day after taking into account allocations and payments of a higher priority but subject to the rights of the Servicer and the Indenture Trustee pursuant to Article III and Article IV):

Allocations and Payments. (a) On each Business Day during each Collection Period, funds available Available Funds for such Payment Date in the Collection Account will be applied by the Indenture Trustee (all in accordance with the Servicing Report) in the following order of priority (in each case case, to the extent of available funds Available Funds remaining in the Collection Account on such day after taking into account allocations and payments of a higher priority but subject to the rights of the Servicer and the Indenture Trustee pursuant to Article III and Article IV):

Allocations and Payments. (a) On each Business Day during each Collection PeriodPayment Date, funds available in the Collection Account attributable to the related Collection Period will be applied by the Indenture Trustee (all in accordance with the Servicing Report) Report in the following order of priority (in each case to the extent of available funds Available Funds in the Collection Account on such day after taking into account allocations and payments of a higher priority but subject to the rights of the Servicer and the Indenture Trustee pursuant to Article III and Article IVSection 3.03):