Common use of Non-Liquidation Settlement and Reinvestment Procedures Clause in Contracts

Non-Liquidation Settlement and Reinvestment Procedures. (a) On each day after the date of any Incremental Transfer but prior to the Termination Date and provided that no Potential Termination Event shall have occurred and be continuing, the Collection Agent shall, out of Collections received on or prior to such day and not previously applied or accounted for: (i) set aside and hold in trust for the Agent, on behalf of the applicable Investors (or deposit into the Collection Account if so required pursuant to Section 2.12 hereof), an amount equal to all Discount, L/C Fees, RO Interest and the Servicing Fee accrued through such day and not so previously set aside or paid, (ii) set aside the amount of any Reimbursement Obligation that shall have arisen and then remain unpaid and (iii) apply the balance of such Collections remaining after application of Collections as provided in clauses (i) and (ii) of this Section 2.5 hereof to the Transferor, for the benefit of the Agent, on behalf of the applicable Investors, to the purchase of additional undivided percentage interests in each Receivable pursuant to Section 2.2(b) hereof. Any Collections so set aside as described in clause (i) above shall be allocated among the Related Groups ratably in proportion to the accrued Discount, L/C Fees, RO Interest and Servicing Fee with respect to the Investors in each such Related Group. Any Collections so set aside as described in clause (ii) above shall be allocated among the Related Groups that contain L/C Issuers ratably in proportion to the outstanding Reimbursement Obligation of all L/C Issuers at such time.

Non-Liquidation Settlement and Reinvestment Procedures. (a) On ------------------------------------------------------ each day after the date of any Incremental Transfer Transfer, but prior to the Termination Date Date, and provided that no Potential Termination Event shall have occurred and be continuing, the Collection Agent shall, shall out of the Percentage Factor of the Collections received and distributed to the Transferor on or prior to such day and not previously applied or accounted for: (i) set aside and hold in trust for the Agent, on behalf of the applicable Investors Company (or deposit into the Collection Account if so required pursuant to Section 2.12 hereof), 2.12) an amount equal to all Discount, L/C Fees, RO Interest Discount and the Servicing Fee accrued through such day and not so previously set aside or paid, paid and (ii) set aside the amount of any Reimbursement Obligation that shall have arisen and then remain unpaid and (iii) apply the balance of such Percentage Factor of Collections remaining after application of the Collections as provided in clauses clause (i) and (ii) of this Section 2.5 hereof to the Transferor, for the benefit of the Agent, on behalf of the applicable Investors, Company to the purchase of additional undivided percentage interests in each Receivable the Receivables pursuant to Section 2.2(b) hereof). Any Collections so On the last day of each Tranche Period, from the amounts set aside as described in clause (i) above of the first sentence of this Section 2.5, the Collection Agent shall be allocated among deposit to the Related Groups ratably in proportion Company's account, an amount equal to the accrued Discount, L/C Fees, RO Interest and unpaid Discount for such Tranche Period and shall deposit to its account an amount equal to the accrued and unpaid Servicing Fee with respect for such Tranche Period. As provided in Section 6.2(b), the Collection Agent shall remit to the Investors in each Transferor, as soon as practicable after receipt, such Related Group. Any portion of Collections so set aside as described in clause (ii) above shall be not allocated among the Related Groups that contain L/C Issuers ratably in proportion to the outstanding Reimbursement Obligation of all L/C Issuers at such timeCompany.

Non-Liquidation Settlement and Reinvestment Procedures. (a) On each day after the date of any Incremental Transfer but prior to the Termination Date and provided that no Potential Termination Event shall have occurred and be continuing, the Collection Agent shall, shall out of the Percentage Factor of Collections received on or prior to such day and not previously applied or accounted for: (i) set aside and hold in trust for the Agent, on behalf of the applicable Investors Company (or deposit into the Collection Account if so required pursuant to Section 2.12 hereof), 2.12) an amount equal to all Discount, L/C Fees, RO Interest Discount and the Servicing Fee accrued through such day and not so previously set aside or paid, paid and (ii) set aside the amount of any Reimbursement Obligation that shall have arisen and then remain unpaid and (iii) apply the balance of such Percentage Factor of Collections remaining after application of Collections as provided in clauses clause (i) and (ii) of this Section 2.5 hereof to the Transferor, for the benefit of the Agent, on behalf of the applicable Investors, Company to the purchase of additional addi tional undivided percentage interests in each Receivable pursuant to Section 2.2(b) hereof). Any Collections so On the last day of each Tranche Period, from the amounts set aside as described in clause (i) above of the first sentence of this Section 2.5, the Collection Agent shall be allocated among deposit to the Related Groups ratably in proportion Company's account, an amount equal to the accrued Discount, L/C Fees, RO Interest and unpaid Discount for such Tranche Period and shall deposit to its account an amount equal to the accrued and unpaid Servicing Fee with respect for such Tranche Period. As provided in Section 6.2(b), the Collection Agent shall remit to the Investors in each Transferor, as soon as practicable after receipt, such Related Group. Any portion of Collections so set aside as described in clause (ii) above shall be not allocated among the Related Groups that contain L/C Issuers ratably in proportion to the outstanding Reimbursement Obligation of all L/C Issuers at such timeCompany.

Non-Liquidation Settlement and Reinvestment Procedures. (a) On each day after the date of any Incremental Transfer but prior to the Sheffield Termination Date with respect to Sheffield and the Enterprise Termination Date with respect to the Company and the Bank Investors and provided in either case that no Potential Termination Event shall have occurred and be continuing, the Collection Agent shall, shall out of the applicable Enterprise Percentage Factor and Sheffield Percentage Factor of Collections received on or prior to such day and not previously applied or accounted for: (i) set aside and hold in trust for the AgentCompany or the Bank Investors, on behalf of the as applicable Investors and Sheffield (or deposit into the Collection Account if so required pursuant to Section 2.12 hereof), ) an amount equal to all Discount, L/C Fees, RO Interest Enterprise Discount and Sheffield Discount and the Servicing Fee accrued through such day and not so previously set aside or paid, paid and (ii) set aside the amount of any Reimbursement Obligation that shall have arisen and then remain unpaid and (iii) apply the balance of such the Enterprise Percentage Factor or Sheffield Percentage Factor of Collections remaining after application of Collections as provided in clauses clause (i) and (ii) of this Section 2.5 hereof to the Transferor, for the benefit of the Agent, on behalf of Company or the applicable Bank Investors, as applicable, and Sheffield to the purchase of additional undivided percentage interests in each Receivable pursuant to Section 2.2(b) hereof. Any Collections so On the last day of each Enterprise Tranche Period and Sheffield Tranche Period, from the applicable amounts set aside as described in clause (i) above of the first sentence of this Section 2.5 hereof, the Collection Agent shall be allocated among deposit to the Related Groups ratably in proportion Agent's account, for the benefit of the Company or the Bank Investors, as applicable, and Sheffield an amount equal to the accrued Discount, L/C Fees, RO Interest and Servicing Fee with respect to the Investors in each unpaid Enterprise Discount and Sheffield Discount for such Related Group. Any Collections so set aside as described in clause (ii) above shall be allocated among the Related Groups that contain L/C Issuers ratably in proportion to the outstanding Reimbursement Obligation of all L/C Issuers at such time.Enterprise Tranche Period or

Non-Liquidation Settlement and Reinvestment Procedures. (a) On each day after the date of any Incremental Transfer but prior to the Termination Date and provided that no Potential Termination Event shall have occurred and be continuing, the Collection Agent shall, shall out of the Percentage Factor of Collections received on or prior to such day and not previously applied or accounted for: (i) set aside and hold in trust for the Agent, on behalf of the applicable Investors Company (or deposit into the Collection Account if so required pursuant to Section 2.12 hereof), 2.12) an amount equal to all Discount, L/C Fees, RO Interest Discount and the Servicing Fee accrued through such day and not so previously set aside or paid, paid and (ii) set aside the amount of any Reimbursement Obligation that shall have arisen and then remain unpaid and (iii) apply the balance of such Percentage Factor of Collections remaining after application of Collections as provided in clauses clause (i) and (ii) of this Section 2.5 hereof to the Transferor, for the benefit of the Agent, on behalf of the applicable Investors, Company to the purchase of additional undivided percentage interests in each Receivable pursuant to Section 2.2(b) hereof). Any Collections so On the last day of each Tranche Period, from the amounts set aside as described in clause (i) above of the first sentence of this Section 2.5, the Collection Agent shall be allocated among deposit to the Related Groups ratably in proportion Company's account, an amount equal to the accrued Discount, L/C Fees, RO Interest and unpaid Discount for such Tranche Period and shall deposit to its account an amount equal to the accrued and unpaid Servicing Fee with respect for such Tranche Period. As provided in Section 6.2(b), the Collection Agent shall remit to the Investors in each Transferor, as soon as practicable after receipt, such Related Group. Any portion of Collections so set aside as described in clause (ii) above shall be not allocated among the Related Groups that contain L/C Issuers ratably in proportion to the outstanding Reimbursement Obligation of all L/C Issuers at such timeCompany.