Priority for Investments Reductions. The Collateral Agent shall apply Monthly Collections in the Collateral Agent’s Account which are available to reduce the Pool Deficiency Amount in accordance with clause (iv)(A) of Section 3.1(d) to the applicable Purchaser Agents, pari passu based upon respective amounts owed to each Purchaser in the related Purchaser Groups for each such specified applications in the following order: (i) first, to reduce the Purchasers’ Pool Investment to an amount equal to the Net Portfolio Balance, minus the Required Reserves at such time, (ii) second, to reduce the Purchasers’ Pool Investment to an amount equal to the Purchasers’ Pool Limit, (iii) third, to reduce each Purchaser Group Investment to an amount equal to the related Purchaser Group Pool Limit, and (iv) fourth to reduce the aggregate Investment of all Exiting Purchasers to zero.
Priority for Investments Reductions. THE COLLATERAL AGENT SHALL APPLY MONTHLY COLLECTIONS IN THE COLLATERAL AGENT’S ACCOUNT WHICH ARE AVAILABLE TO REDUCE THE POOL DEFICIENCY AMOUNT IN ACCORDANCE WITH CLAUSE (IV)(A) OF SECTION 3.1(D) TO THE APPLICABLE PURCHASER AGENTS, PARI PASSU BASED UPON RESPECTIVE AMOUNTS OWED TO EACH PURCHASER IN THE RELATED PURCHASER GROUPS FOR EACH SUCH SPECIFIED APPLICATIONS IN THE FOLLOWING ORDER: (I) FIRST, TO REDUCE THE PURCHASERS’ POOL INVESTMENT TO AN AMOUNT EQUAL TO THE NET PORTFOLIO BALANCE, MINUS THE REQUIRED RESERVES AT SUCH TIME, (II) SECOND, TO REDUCE THE PURCHASERS’ POOL INVESTMENT TO AN AMOUNT EQUAL TO THE PURCHASERS’ POOL LIMIT, (III) THIRD, TO REDUCE EACH PURCHASER GROUP INVESTMENT TO AN AMOUNT EQUAL TO THE RELATED PURCHASER GROUP POOL LIMIT, AND (IV) FOURTH TO REDUCE THE AGGREGATE INVESTMENT OF ALL EXITING PURCHASERS TO ZERO.
Priority for Investments Reductions. The Collateral AgentServicer shall apply Monthly Collections in the Collateral Agent’sPayment Account which are available to reduce the Pool Deficiency Amount in accordance with clause (iv)(A) of 12
