Distribution of Collections. CFC shall transfer funds from the collection account as the Cooperative directs, but no more frequently than quarterly.
Distribution of Collections. The agency must distribute collec- tions as follows—
Distribution of Collections. CFC shall transfer funds from the collection account as the Cooperative directs, but no more frequently than quarterly. RD Instruction 2000-KKK ARTICLE V Cooperative Representations, Warranties, and Covenants
Distribution of Collections. Subject to the terms of the Security Trust Deed, on each relevant Payment Date, the Trustee must apply the Interest Collections and the Principal Collections for the relevant Calculation Period in accordance with the SMHL Global Fund [ ]-[ ] Bond Terms.
Distribution of Collections. Each Bank's Percentage of the Obligations shall be payable solely from Collections received by the Agent; and the Agent's only liability to the Banks hereunder shall be to account for each Bank's Percentage of the Collections in accordance with this Agreement. The Agent shall collect and receive any and all Collections and shall apply them to the Obligations as follows:
Distribution of Collections. Any Collections shall be distributed pro rata among the Buyers (after recouping, offsetting, or deducting any Indemnified Amounts due the Collateral Agent that are entitled to be recouped, offset, or deducted, pursuant to the Transaction Documents).
Distribution of Collections. Owner or its designee shall instruct the Bank to distribute all payments received as Collections from each Alarm Account on each Remittance Date as follows:
Distribution of Collections. On the date hereof, the Administrative Agent shall, pursuant to the Administrative Agent Agreement, establish and maintain the Collection Account. The Collection Account shall be used only to receive deposits of all Collections on, or with respect to, Policies. No funds other than Collections shall be transferred or deposited into the Collection Account. All income earned on deposits in such Collection Account shall be credited to the Collection Account and applied with Collections, in accordance with the terms hereof. The Collection Account shall at all times be subject to the control of Funder, whether pursuant to an Account Control Agreement or other agreement, or otherwise established in such a manner, so as to perfect the security interest of the Funder thereto and to the funds on deposit therein, in each case, in form and substance satisfactory to the Funder. All Collections deposited in the Collection Account shall be distributed by the Administrative Agent, as appropriate, on each Distribution Date and in the order of priority set hereof in Section 4.2 of this Agreement and all as set forth in the Monthly Report for such Distribution Date approved by Funder.
