Common use of Miscellaneous Payments Clause in Contracts

Miscellaneous Payments. On each Deposit Date, the Servicer shall treat any Series 200_-_ Allocable Miscellaneous Payments as Available Noteholder Principal Collections and apply them as provided in Section 4.01(c) or (d), as appropriate, except that Series 200_-_ Allocable Miscellaneous Payments consisting of Adjustment Payments that were paid after their due date as per Section 3.9(a) of the Trust Sale and Servicing Agreement, if the amount of such overdue Adjustment Payments has been included in the Monthly Dilution Amount for any prior Monthly Period, shall be treated as Allocable Non-Principal Collections and applied as provided in Section 4.01(b).

Appears in 1 contract

Samples: Wodfi LLC

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Miscellaneous Payments. On each Deposit Date, the Servicer shall treat any Series 200_-_ 2001-1 Allocable Miscellaneous Payments as Available Noteholder Principal Collections and apply them as provided in Section 4.01(c) or (d), as appropriate; provided, except that however, Series 200_-_ 2001-1 Allocable Miscellaneous Payments -------- ------- consisting of Adjustment Payments that were paid after their due date as per Section 3.9(a) of the Trust Sale and Servicing Agreement, if the amount of such overdue Adjustment Payments has been included in the Monthly Dilution Amount for any prior Monthly Period, shall be treated as Allocable Noteholder Non-Principal Collections and applied as provided in Section 4.01(b).

Appears in 1 contract

Samples: Wodfi LLC

Miscellaneous Payments. On each Deposit Date, the Servicer shall treat any Series 200_-_ 2004-1 Allocable Miscellaneous Payments as Available Noteholder Principal Collections and apply them as provided in Section 4.01(c) or (d), as appropriate; provided, except that however, Series 200_-_ 2004-1 Allocable Miscellaneous Payments consisting of Adjustment Payments that were paid after their due date as per Section 3.9(a) of the Trust Sale and Servicing Agreement, if the amount of such overdue Adjustment Payments has been included in the Monthly Dilution Amount for any prior Monthly Period, shall be treated as Allocable Noteholder Non-Principal Collections and applied as provided in Section 4.01(b).

Appears in 1 contract

Samples: Wodfi LLC

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Miscellaneous Payments. On each Deposit Date, the Servicer shall treat any Series 200_-_ 2000-1 Allocable Miscellaneous Payments as Available Noteholder Principal Collections and apply them as provided in Section 4.01(c) or (d), as appropriate; provided, except that however, Series 200_-_ 2000-1 Allocable Miscellaneous Payments consisting of Adjustment Payments that were paid after their due date as per Section 3.9(a) of the Trust Sale and Servicing Agreement, if the amount of such overdue Adjustment Payments has been included in the Monthly Dilution Amount for any prior Monthly Period, shall be treated as Allocable Noteholder Non-Principal Collections and applied as provided in Section 4.01(b).

Appears in 1 contract

Samples: Wodfi LLC

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