Common use of Settlement Date Procedure Clause in Contracts

Settlement Date Procedure. During the Pay Out Period, on each ------------------------- Settlement Date for any Rate Tranche, subject to Section 3.02(d), the Servicer --------------- shall deposit to the Agent's Account the amounts set aside pursuant to Section 3.02(a), but not to exceed the sum of (i) the accrued and unpaid Earned --------------- Discount with respect to such Rate Tranche, (ii) the Transferee's Tranche Investment of such Rate Tranche, (iii) the aggregate of other amounts (other than the Transferee's Investment, Earned Discount and Servicer's Fee) owed hereunder by the Transferor to the Transferee or the Agent, and (iv) the accrued Servicer's Fee payable with respect to such Rate Tranche. Any amounts in excess of the amount required to be deposited in the Agent's Account pursuant to the previous sentence shall continue to be set aside and held in trust by the Servicer for application on the next succeeding Settlement Date(s).

Settlement Date Procedure. During the Pay Out Period, on each ------------------------- Settlement Date for any Rate Tranche, subject to Section 3.02(d), the Servicer --------------- shall deposit to the Agent's Account the amounts set aside pursuant to Section 3.02(a), ------- 3.02 (a) but not to exceed the sum of (i) the accrued and unpaid Earned --------------- Discount ------- with respect to such Rate Tranche, (ii) the Transferee's Tranche Investment of such Rate Tranche, (iii) the aggregate of other amounts (other than the Transferee's Investment, Earned Discount and Servicer's Fee) owed hereunder by the Transferor to the Transferee or the Agent, and (iv) the accrued Servicer's Fee payable with respect to such Rate Tranche. Any amounts in excess of the amount required to be deposited in the Agent's Account pursuant to the previous sentence shall continue to be set aside and held in trust by the Servicer for application on the next succeeding Settlement Date(s).