RV Collections definition

RV Collections means, with respect to a Collection Period, all payments by or on behalf of the Obligors made during such Collection Period other than Liquidation Proceeds on the RV Receivables, as applicable, (other than a Purchased Receivable).
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Examples of RV Collections in a sentence

  • Upon receipt of an Officer's Certificate of the Servicer identifying the amount of funds in the Marine Collection Account representing Marine Collections and in the RV Collection Account representing RV Collections attributable to Unsold Contracts, the Trustee shall transfer such funds in accordance with the instructions contained in such Officer's Certificate.

  • For so long as Servicer shall be entitled pursuant to Section 14.2A to remit RV Collections on a monthly basis rather than more frequently, the Servicer may make the remittances pursuant to Sections 14.2A and 14.4 above net of amounts to be distributed to the Servicer pursuant to Section 14.5A(b).

  • Last, any excess shall be applied to prepay the Principal Balance of the Marine Receivable, in the case of Marine Collections, or RV Receivables in the case of RV Collections.

  • For so long as Servicer shall be entitled pursuant to Section 14.2A to remit RV Collections on a monthly basis rather than more frequently, the Servicer may make the remittances pursuant to Sections 14.2A and 14.4A above net of amounts to be distributed to the Servicer pursuant to Section 14.5A(b).

Related to RV Collections

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Principal Collections means Collections of Principal Receivables.

  • Available Collections means, for any Distribution Date, (i) all Obligor payments received with respect to the Receivables during the preceding Collection Period, (ii) all Liquidation Proceeds received with respect to the Receivables during the preceding Collection Period, (iii) all interest earned on funds on deposit in the Collection Account during the preceding Collection Period, (iv) the aggregate Purchase Amount deposited in the Collection Account on the preceding Distribution Date, (v) all prepayments received with respect to the Receivables during the preceding Collection Period attributable to any refunded item included in the Amount Financed (including amounts received as a result of rebates of extended service plan contract costs and insurance premiums and proceeds received under physical damage, theft, GAP, credit life and credit disability insurance policies), and (vi) all Simple Interest Advances deposited into the Collection Account by the Servicer on the Business Day preceding such Distribution Date; provided, however, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Purchased Receivable for the Collection Period during which the related Purchase Amount was deposited by the Seller into the Collection Account; provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Receivable to the extent that the Servicer has made an unreimbursed Simple Interest Advance with respect to such Receivable and is entitled to reimbursement from such payments or other amounts pursuant to Section 4.4 of the Sale and Servicing Agreement; and, provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to the Receivables that are retained by the Servicer as reimbursement for Unreimbursed Servicer Advances pursuant to Section 4.4 of the Sale and Servicing Agreement; provided, further, however, that Available Collections for any Distribution Date will exclude any Supplemental Servicing Fees.