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 Tax Masters 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 Tax Masters.
Appears in 2 contracts
Sources: Refund Anticipation Loan Participation Agreement (H&r Block Inc), Refund Anticipation Loan Participation Agreement (H&r Block Inc)