Common use of Account Allocations Clause in Contracts

Account Allocations. If a Transfer Restriction Event occurs, TRS agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC VIII, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to RFC VIII. To the extent that it is not clear to TRS whether collections relate to a Receivable that was sold to RFC VIII or to a receivable that TRS is unable to sell to RFC VIII, TRS agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC VIII of additional Receivables, Receivables sold to RFC VIII prior to the occurrence of the Transfer Restriction Event and Collections in respect of such Receivables shall continue to be property of RFC VIII available for transfer by RFC VIII to the Trust pursuant to the Transfer Agreement.

Account Allocations. If a Transfer Restriction Event occurs, TRS FSB agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC VIIITRS, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to RFC VIIITRS. To the extent that it is not clear to TRS FSB whether collections relate to a Receivable that was sold to RFC VIII TRS or to a receivable that TRS FSB is unable to sell to RFC VIIITRS, TRS FSB agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC VIII TRS of additional Receivables, Receivables sold to RFC VIII TRS prior to the occurrence of the Transfer Restriction Event and Collections in respect of such Receivables shall continue to be property of RFC VIII TRS available for transfer by TRS to RFC VIII pursuant to the TRS-RFC VIII Receivables Purchase Agreement and by RFC VIII to the Trust pursuant to the Transfer Agreement.

Account Allocations. If a Transfer Restriction Event occurs, TRS Centurion agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC VIIITRS, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to RFC VIIITRS. To the extent that it is not clear to TRS Centurion whether collections relate to a Receivable that was sold to RFC VIII TRS or to a receivable that TRS Centurion is unable to sell to RFC VIIITRS, TRS Centurion agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC VIII TRS of additional Receivables, Receivables sold to RFC VIII TRS prior to the occurrence of the Transfer Restriction Event and Collections in respect of such Receivables shall continue to be property of RFC VIII TRS available for transfer by TRS to RFC VIII pursuant to the TRS-RFC VIII Receivables Purchase Agreement and by RFC VIII to the Trust pursuant to the Transfer Agreement.

Account Allocations. If a Transfer Restriction Event occurs, TRS the Seller agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC VIIITRS, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to RFC VIIITRS. To the extent that it is not clear to TRS the Seller whether collections relate to a Receivable that was sold to RFC VIII TRS or to a receivable that TRS the Seller is unable to sell to RFC VIIITRS, TRS the Seller agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC VIII TRS of additional Receivables, Receivables sold to RFC VIII TRS prior to the occurrence of the Transfer Restriction Event and Collections in respect of such Receivables shall continue to be property of RFC VIII TRS available for transfer by TRS to RFC VIII pursuant to the TRS-RFC VIII Receivables Purchase Agreement and by RFC VIII to the Trust pursuant to the Transfer Agreement.

Account Allocations. If a Transfer Restriction Event occurs, TRS agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC VIIIV, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to RFC VIII. V. To the extent that it is not clear to TRS whether collections relate to a Receivable that was sold to RFC VIII V or to a receivable that TRS is unable to sell to RFC VIIIV, TRS agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC VIII V of additional Receivables, Receivables sold to RFC VIII V prior to the occurrence of the Transfer Restriction Event and Collections in respect of such Receivables shall continue to be property of RFC VIII V available for transfer by RFC VIII V to the Trust pursuant to the Transfer and Servicing Agreement.