Common use of Frequency of Computation of the Buyer's Allocation Clause in Contracts

Frequency of Computation of the Buyer's Allocation. The Buyer's Allocation shall be initially computed as of the opening of business of the Servicer on the Closing Date. Thereafter, until the Net Investment shall be reduced to zero, the Buyer's Allocation shall be automatically recomputed as of the close of business of the Servicer on each Business Day, and the Buyer's Allocation shall constitute the percentage ownership interest of the Buyer in the Receivables Pool on such date; provided, however, that on and after a Liquidation Day and during the continuance of a Liquidation Period, the Buyer's Allocation shall be equal to the Buyer's Allocation as computed on the first Business Day preceding the occurrence of such Liquidation Day. The Buyer's Allocation shall be reduced to zero at such time as the related Net Investment shall be reduced to zero, the Buyer shall have received all amounts in respect of accrued and unpaid Settlement Period Amounts and all other amounts payable to it pursuant to this Agreement, and the Servicer, provided the Seller is not the Servicer, shall have received the accrued Servicer's Compensation.

Frequency of Computation of the Buyer's Allocation. The Buyer's ’s Allocation with respect to each Buyer shall be initially computed as of the opening of business of the Servicer on the Closing Date. Thereafter, until the Aggregate Net Investment shall be reduced to zero, the Buyer's ’s Allocation for each Buyer shall be automatically recomputed as of the close of business of the Servicer on each Business Day, and the Buyer's ’s Allocation with respect to a Buyer shall constitute the percentage ownership interest of the such Buyer in the Receivables Pool on such date; provided, however, that on and after a Liquidation Day and during the continuance of a Liquidation Period, the each Buyer's ’s Allocation shall be equal to the such Buyer's ’s Allocation as computed on the first Business Day preceding the occurrence of such Liquidation Day. The Buyer's ’s Allocation with respect to a Buyer shall be reduced to zero at such time as the related Liberty Net Investment or Gotham Net Investment, as applicable shall be reduced to zero, the such Buyer shall have received all amounts in respect of accrued and unpaid Settlement Period Amounts Cost of Funds and Program Fee and all other amounts payable to it it, its related Managing Agent and the Administrative Agent pursuant to this Agreement, and the Servicer, provided the Seller Company is not the Servicer, shall have received the accrued Servicer's ’s Compensation.

Frequency of Computation of the Buyer's Allocation. The Buyer's Allocation shall be initially computed as of the opening of business of the Servicer on the Closing Date. Thereafter, until the Net Investment shall be reduced to zero, the Buyer's Allocation shall be automatically recomputed as of the close of business of the Servicer on each Business Day, and the Buyer's Allocation shall constitute the percentage ownership interest of the Buyer in the Receivables Pool on such date; provided, however, that on and after a Liquidation Day and during the continuance of a Liquidation Period, the Buyer's Allocation shall be equal to the Buyer's Allocation as computed on the first Business Day preceding the occurrence of such Liquidation Day. The Buyer's Allocation shall be reduced to zero at such time as the related Net Investment shall be reduced to zero, the Buyer shall have received all amounts in respect of accrued and unpaid Settlement Period Amounts Cost of Funds and Program Fee and all other amounts payable to it pursuant to this Agreement, and the Servicer, provided the Seller Company is not the Servicer, shall have received the accrued Servicer's Compensation.

Frequency of Computation of the Buyer's Allocation. The Buyer's Allocation shall be with respect to TRFCO was initially computed as of the opening of business of the Servicer on the Initial Closing Date, and the Buyer's Allocation with respect to each Buyer shall be recomputed on the Closing Date. Thereafter, until the Aggregate Net Investment shall be reduced to zero, the Buyer's Allocation for each Buyer shall be automatically recomputed as of the close of business of the Servicer on each Business Day, and the Buyer's Allocation with respect to a Buyer shall constitute the percentage ownership interest of the such Buyer in the Receivables Pool on such date; provided, however, that on and after a Liquidation Day and during the continuance of a Liquidation Period, the each Buyer's Allocation shall be equal to the such Buyer's Allocation as computed on the first Business Day preceding the occurrence of such Liquidation Day. The Buyer's Allocation with respect to a Buyer shall be reduced to zero at such time as the related Liberty Net Investment or TRFCO Net Investment, as applicable shall be reduced to zero, the such Buyer shall have received all amounts in respect of accrued and unpaid Settlement Period Amounts Cost of Funds and Program Fee and all other amounts payable to it it, its related Managing Agent and the Administrative Agent pursuant to this Agreement, and the Servicer, provided the Seller Company is not the Servicer, shall have received the accrued Servicer's Compensation.

Frequency of Computation of the Buyer's Allocation. The Buyer's Allocation shall be initially computed as of the opening of business of the Servicer on the Closing Date. Thereafter, until the Net Investment shall be reduced to zero, the Buyer's Allocation shall be automatically recomputed as of the close of business of the Servicer on each Business Day, and the Buyer's Allocation shall constitute the percentage ownership interest of the Buyer in the Receivables Pool on such date; provided, however, that on and after a Liquidation Day and during the continuance of a Liquidation Period, the Buyer's Allocation shall be equal to the Buyer's Allocation as computed on the first Business Day immediately preceding the occurrence commencement of such Liquidation DayPeriod. The Buyer's Allocation shall be reduced to zero at such time as the related Net Investment shall be reduced to zero and the Maximum Net Investment has been reduced to zero, the Buyer shall have received all amounts in respect of accrued and unpaid Settlement Period Amounts Cost of Funds and Program Fee and all other amounts payable to it pursuant to this Agreement, and the Servicer, provided the Seller Company is not the Servicer, shall have received the accrued Servicer's Compensation.

Frequency of Computation of the Buyer's Allocation. The Buyer's -------------------------------------------------- Allocation shall be initially computed as of the opening of business of the Servicer on the Closing Effective Date. Thereafter, until the Net Investment shall be reduced to zero, the Buyer's Allocation shall be automatically recomputed as of the close of business of the Servicer on each Business Day, and the Buyer's Allocation shall constitute the percentage ownership interest of the Buyer in the Receivables Pool on such date; provided, however, that on and after a -------- ------- Liquidation Day and during the continuance of a Liquidation Period, the Buyer's Allocation shall be equal to the Buyer's Allocation as computed on the first Business Day preceding the occurrence of such Liquidation Day. The Buyer's Allocation shall be reduced to zero at such time as the related Net Investment shall be reduced to zero, the Buyer shall have received all amounts in respect of accrued and unpaid Settlement Period Amounts and all other amounts payable to it pursuant to this Agreement, and the Servicer, provided the Seller is not the Servicer, shall have received the accrued Servicer's Compensation.