Common use of Distribution Amount Clause in Contracts

Distribution Amount. Those amounts to be distributed to Company, Sub-Servicer and other parties as provided on the Monthly Servicing Reports. Inactive Receivable. A Receivable in which Sub-Servicer has been duly instructed by Company to cease all servicing activities with the exception of posting payments received from Obligors in connection with deficiency account balances. Lock-Box Account. A remittance banking account owned and maintained by Company to which Obligors shall be directed to deposit funds with respect to the Receivables. Sub-Servicer shall be vested with certain access rights and other powers with respect to this account as established in the Limited Power of Attorney attached hereto as Exhibit A. Monthly Servicing Reports. A report to be delivered to Company or its designee(s) on each Reporting Date. Said report shall detail the Distribution Amounts posted to the designated account of Company, and the amounts to be distributed to Sub-Servicer as fees and expenses for any Reporting Period. Such report shall contain the information set forth in Exhibit B hereto. Obligor. An account debtor or any other person obligated under a Sales Contract to make payments on the Receivable.