Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 38 contracts
Samples: Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B), Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A)
Application of Collections. (a) All collections for the each Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 12 contracts
Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: follows:(a) With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-1), Form of Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-1), Sale and Servicing (Exeter Automobile Receivables Trust 2023-5)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Simple Interest Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method. With respect to each Pre-Computed Receivable, payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the terms thereof.
Appears in 6 contracts
Samples: Sale and Servicing (Americredit Corp), Sale and Servicing (Americredit Corp), Sale and Servicing (Americredit Corp)
Application of Collections. (a) All collections for the each Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 5 contracts
Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With with respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied first to interest on the Receivable and any excess remaining thereafter shall be applied to principal in accordance with of the Simple Interest MethodReceivable.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Asta Funding Inc), Pooling and Servicing Agreement (Asta Funding Inc), Pooling and Servicing Agreement (Asta Funding Inc)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Form of Sale and Servicing Agreement (Chrysler Financial Services Americas LLC), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied first to interest and then to principal in accordance with the Simple Interest Method.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied applied, to interest and principal in accordance with the Simple Interest Method.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Premier Auto Trust 1997 1), Sale and Servicing Agreement (Premier Auto Trust 1997-2)
Application of Collections. (a) All collections for the Collection each Accrual Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)
Application of Collections. (a) All collections for the -------------------------- Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied first to interest and then to principal in accordance with the Simple Interest Method.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied first, in the case of Precomputed Receivables, to interest and principal in accordance with the Simple Interest Method.reduce Outstanding Precomputed Advances as described in
Appears in 1 contract
Samples: Sale and Servicing Agreement (Citigroup Vehicle Securities Inc)
Application of Collections. (a) All collections for the Collection -------------------------- Period shall be applied by the Servicer as follows: With respect to each Simple Interest Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method. With respect to each Pre-Computed Receivable, payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the terms thereof.
Appears in 1 contract
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied first, to reduce Outstanding Simple Interest Advances to the extent described in Section 14.04(b). Next, any excess shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (World Omni Auto Receivables LLC)
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With with respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 1 contract
Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Application of Collections. (a) All collections for the Collection each Accrual Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in respect of the Receivables in accordance with the Simple Interest Method.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc)
Application of Collections. (ai) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Premier Auto Trust 1998 5)
Application of Collections. For each Collection Period the Servicer shall apply Collections constituting payments by or on behalf of an Obligor (a) All collections for the Collection Period shall be applied by the Servicer as follows: With with respect to each Simple Interest Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest MethodMethod and (b) with respect to each Pre-Computed Receivable, to interest and principal in accordance with the terms thereof.
Appears in 1 contract
Application of Collections. (a) All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method. All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Premier Auto Trust 1998-1)
Application of Collections. (a) All collections for the each Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Simple Interest Method. Withdrawals from Series 2007-C Spread Account.
Appears in 1 contract
