Common use of Monthly Application of Collections Clause in Contracts

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 2003-2 General Collection Subaccount and allocate to the Series 2003-2 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 2003-2 General Collection Subaccount and the Series 2003-2 Principal Collection Subaccount transferred to the Series 2003-2 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20032010-2 1 General Collection Subaccount and allocate to the Series 20032010-2 1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20032010-2 1 General Collection Subaccount and the Series 20032010-2 1 Principal Collection Subaccount transferred to the Series 20032010-2 1 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20032009-2 3 General Collection Subaccount and allocate to the Series 20032009-2 3 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20032009-2 3 General Collection Subaccount and the Series 20032009-2 3 Principal Collection Subaccount transferred to the Series 20032009-2 3 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20032009-2 1 General Collection Subaccount and allocate to the Series 20032009-2 1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20032009-2 1 General Collection Subaccount and the Series 20032009-2 1 Principal Collection Subaccount transferred to the Series 20032009-2 1 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20032009-2 General Collection Subaccount and allocate to the Series 20032009-2 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20032009-2 General Collection Subaccount and the Series 20032009-2 Principal Collection Subaccount transferred to the Series 20032009-2 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 2003-2 1 General Collection Subaccount and allocate to the Series 2003-2 1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 2003-2 1 General Collection Subaccount and the Series 2003-2 1 Principal Collection Subaccount transferred to the Series 2003-2 1 Settlement Collection Subaccount pursuant to Section SECTION 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20032001-2 1 General Collection Subaccount and allocate to the Series 20032001-2 1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20032001-2 1 General Collection Subaccount and the Series 20032001-2 1 Principal Collection Subaccount transferred to the Series 20032001-2 1 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20032011-2 1 General Collection Subaccount and allocate to the Series 20032011-2 1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20032011-2 1 General Collection Subaccount and the Series 20032011-2 1 Principal Collection Subaccount transferred to the Series 20032011-2 1 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. (a) On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20032011-2 General Collection Subaccount and allocate to the Series 20032011-2 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20032011-2 General Collection Subaccount and the Series 20032011-2 Principal Collection Subaccount transferred to the Series 20032011-2 Settlement Collection Subaccount pursuant to Section 5A.1(b)).