Payover. If BFC receives any payment or makes any application on account of its Participation Interest in any Participated Pool RAL, BFC shall promptly pay over to HSBC TFS the amount in excess of the Applicable Percentage of the amount so received or applied and until so paid over, the same shall be held by BFC in trust for HSBC TFS.
Appears in 2 contracts
Sources: Refund Anticipation Loan Participation Agreement, Refund Anticipation Loan Participation Agreement (H&r Block Inc)