During the Revolving Period. On or before each Distribution Date during the Revolving Period, the Servicer shall direct the Trustee that funds be paid or deposited, and the Trustee shall apply such funds in the following amounts, to the extent such funds are available and in the order of priority specified, to the account or Person indicated, in each case as set forth below.
During the Revolving Period. On each Payment Date during the Revolving Period, the Servicer on behalf of the Borrower shall pay to the following Persons pursuant to the Monthly Report, to the extent of Available Funds, from the Collection Account and, to the extent of Available Funds, as applicable, from the Reserve Account, the following amounts in the following order of priority:
During the Revolving Period. On each Payment Date during the Revolving Period, the Deal Agent shall pay to the following Persons, pursuant to the Monthly Report, from amounts transferred by the Collateral Custodian from each Collection Account to the corresponding Deal Agent’s Account, to the extent of Available Funds in such Collection Account and subject to Section 2.10(d), the following amounts in the following order of priority:
During the Revolving Period. By the end of business, New York time, on each Business Day during the Revolving Period the Collateral Agent shall make, to the extent of available funds, the following transfers based on the Daily Report covering the Applicable Day, according to the following priorities, satisfying, to the extent required, each priority before making a transfer to any succeeding priority:
During the Revolving Period. On each Determination Date, --------------------------- or more frequently at the option of the Servicer, allocate to the Series 1996-1 Certificateholders' Interest (x) an amount equal to the Floating Allocation Percentage of the Principal Collections for the prior Collection Period and remit such amounts to the Holder of the Exchangeable Transferor Certificate (except that such remittance shall not include Reallocated Principal Collections used to cover the Required Amount (except to the extent of the Class A Investor Default Amount) and shall not exceed the Transferor Interest on such Determination Date, after giving effect to any new Receivables purchased by the Holder of the Exchangeable Transferor Certificate and transferred to the Trust on such day) and (y) an amount equal to the Floating Allocation Percentage of the Finance Charge Collections for the prior Collection Period and deposit such amount into the Collection Account as and when required pursuant to Section 4.01;
During the Revolving Period. During the Revolving Period, the Floating Allocation Percentage of Principal Collections received each day will be deposited into the Collection Account as Excess Principal Collections no later than two (2) Business Days following the Date of Processing to the extent required to be distributed to other Series on the next succeeding Distribution Date and any excess will be remitted to the Transferor, unless such distribution of Principal Collections would reduce the Transferor Amount as a percentage of the Trust Principal Component below 10% (after giving effect to any new Receivables transferred to the Trust), in which case such amount will be retained in the Collection Account as Undistributed Principal Collections. Any Undistributed Principal Collections remaining in the Collection Account on the next succeeding Distribution Date will be deposited into the Special Funding Account and made available on subsequent Distribution Dates.
During the Revolving Period. (i) Margin for Regular Advances and Same-Day Advances (other than Excess Concentration Advances and Agented Loan Advances):
