Payments of Interest and Principal Collections. Pursuant to Section 3.1 of the Indenture, on each Payment Date, the Indenture Trustee, with respect to the Notes, and the Paying Agent, with respect to the Ownership Interest, shall distribute out of the Collection Account, to the extent of the Available Payment Amount, the following amounts and in the following order of priority to the following Persons (based on the information set forth in the Servicing Certificate):
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Household Mortgage Loan Trust 2003-Hc1), Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2003 2), Sale and Servicing Agreement (Compass Asset Acceptance Co)
Payments of Interest and Principal Collections. Pursuant to Section 3.1 of the Indenture, on each Payment Date, the Indenture Trustee, with respect to the Notes, and the Paying Agent, with respect to the Ownership Interest, shall distribute out of the Collection Account, to the extent of the Available Payment AmountAmount (except that amounts paid under the Note Guaranty Insurance Policy shall only be available for payment to Noteholders), the following amounts and in the following order of priority to the following Persons (based on the information set forth in the Servicing Certificate):
Appears in 3 contracts
Samples: Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002-2), Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002-3), Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002 4)
