Common use of Subordinated Principal Collections Clause in Contracts

Subordinated Principal Collections. The Servicer shall apply (if Citibank (South Dakota) is the Servicer and the Collection Account is maintained with Citibank (South Dakota)) or shall cause the Trustee to apply, on each Distribution Date, Subordinated Principal Collections with respect to such Distribution Date to make the following distributions in the following priority:

Appears in 15 contracts

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A), Pooling and Servicing Agreement (Citibank South Dakota N A), Pooling and Servicing Agreement (Citibank South Dakota N A)

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Subordinated Principal Collections. The Servicer shall apply (if Citibank (South Dakota) is the Servicer and the Collection Account is maintained with 50 Citibank (South Dakota)) or shall cause the Trustee to apply, on each Distribution Date, Subordinated Principal Collections with respect to such Distribution Date to make the following distributions in the following priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

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