Common use of Settlement Procedures During the Amortization Period Clause in Contracts

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Report to the following Persons, (i) from the Collection Account, to the extent of Available Funds, and (ii) from Servicer Advances received with respect to the immediately preceding Collection Period, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during an Amortization Period (whether prior to or following the Amortization Revolving Period), the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Report to the following Persons, (i) from the Collection Account, to the extent of Available Funds, and (ii) from Servicer Advances received with respect to the immediately preceding Collection Period, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Report to the following Persons, from (i) from the Collection Account, to the extent of Available Funds, and (ii) from Servicer Advances received with respect to the immediately preceding Collection Period, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Report to the following Persons, (i) from the Collection Account, to the extent of Available Funds, (ii) in the case of payments solely for purposes of clause (6), from the Excess Spread Account to the extent of any amounts on deposit therein, and (iiiii) from Servicer Advances received with respect to the immediately preceding Collection Period, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer shall direct the Collateral Custodian Trustee to pay pursuant to the Monthly Servicing Report to (and the following Persons, (i) Trustee shall make payment from the Collection Account, Account to the extent of Available Funds, in reliance on the information set forth in such Servicing Report and (iiwithout any independent verification of such information) from Servicer Advances received with respect to the immediately preceding Collection Periodfollowing Persons, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer shall direct the Collateral Custodian to pay pursuant to the Monthly Servicing Report to (and the following Persons, (i) Collateral Custodian shall make payment from the Collection Account, Account to the extent of Available Funds, and (iiFunds in reliance on the information set forth in such Servicing Report) from Servicer Advances received with respect to the immediately preceding Collection Periodfollowing Persons, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On By 11:00 a.m. on each Payment Date during the Amortization Period, the Servicer Trustee shall direct the Collateral Custodian to pay pursuant to the Monthly Report to the following Persons, (i) from the Collection Account, based solely upon the information contained in the Monthly Report, to the extent of Available Funds, and (ii) from Servicer Advances received with respect to the immediately preceding Collection Period, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer shall direct the Collateral Custodian Trustee to pay pursuant to the Monthly Servicing Report (and the Trustee shall make payment, in reliance on the information set forth in such Servicing Report) to the following Persons, from (i) from the Collection Account, to the extent of Available Funds, and (ii) from Servicer Advances of Scheduled Payments, if any, received with respect to the immediately preceding Collection Period, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer shall direct the Collateral Custodian Collection Account Bank, subject to the consent of the Administrative Agent, to pay pursuant to the Monthly Servicing Report to (and the following Persons, (i) Collection Account Bank shall make payment from the Collection Account, Account to the extent of Available Funds, and (iiFunds in reliance on the information set forth in such Servicing Report) from Servicer Advances received with respect to the immediately preceding Collection Periodfollowing Persons, the following amounts in the following order of priority:

Settlement Procedures During the Amortization Period. (a) On each Payment Date during the Amortization Period, the Servicer (or the Administrative Agent, if the Servicer has failed to deliver the applicable Monthly Report) shall direct the Collateral Custodian Trustee to pay pursuant to the Monthly Report to the following Persons, from (i) from the Collection Account, to the extent of Available Funds, and (ii) from Servicer Advances received with respect to the immediately preceding related Collection PeriodPeriod and (iii) withdrawals from the Reserve Account with respect to such Payment Date, the following amounts in the following order of priority: