Common use of Payments and Collections Clause in Contracts

Payments and Collections. 3 Section 2.1 Payments..................................................3 Section 2.2 Collections Prior to Amortization.........................3 Section 2.3 Collections Following Amortization........................4 Section 2.4 Application of Collections................................4 Section 2.5 Payment Rescission........................................5 Section 2.6 Maximum Receivable Interests..............................5 Section 2.7 Clean Up Call.............................................5

Payments and Collections. 3 Section 2.1 Payments..................................................Payments .................................................. 3 Section 2.2 Collections Prior to Amortization................................................... 3 Section 2.3 Collections Following Amortization................................................. 4 Section 2.4 Application of Collections................................................................. 4 Section 2.5 Payment Rescission........................................Recission.......................................... 5 Section 2.6 Maximum Receivable Purchaser Interests.............................................................. 5 Section 2.7 Clean Up Call........................................................................................... 5

Payments and Collections. 3 Section 2.1 Payments......................................................................................................................3 Section 2.2 Collections Prior to Amortization.........................3 ...........................................4 Section 2.3 Collections Following Amortization........................4 ..........................................5 Section 2.4 Application of Collections................................4 ..................................................5 Section 2.5 Payment Rescission........................................5 ..........................................................6 Section 2.6 Maximum Receivable Purchaser Interests..............................5 .................................................6 Section 2.7 Clean Up Call.............................................5...............................................................6 Section 2.8 Additional Originators......................................................6

Payments and Collections. 3 5 Section 2.1 Payments..................................................3 .....................................................................5 Section 2.2 Collections Prior to Amortization.........................3 ............................................6 Section 2.3 Collections Following Amortization........................4 ...........................................6 Section 2.4 Application of Collections................................4 ...................................................7 Section 2.5 Payment Rescission........................................5 Recission............................................................7 Section 2.6 Maximum Receivable Purchaser Interests..............................5 ..................................................7 Section 2.7 Clean Up Call.............................................5................................................................8

Payments and Collections. 3 6 Section 2.1 Payments..................................................3 .................................................. 6 Section 2.2 Collections Prior to Amortization.........................3 ......................... 6 Section 2.3 Collections Following Amortization........................4 ........................ 7 Section 2.4 Application of Collections................................4 ................................ 7 Section 2.5 Payment Rescission........................................5 ........................................ 8 Section 2.6 Maximum Receivable Purchaser Interests..............................5 ............................... 8 Section 2.7 Clean Up Call.............................................5............................................. 9 Section 2.8 Release of Excess Cash Collateral......................... 9

Payments and Collections. Page 3 Section 2.1 Payments..................................................Payments .............................................. Page 3 Section 2.2 Collections Prior to Amortization.........................Amortization ..................... Page 3 Section 2.3 Collections Following Amortization........................Amortization .................... Page 4 Section 2.4 Application of Collections................................Collections ............................ Page 4 Section 2.5 Payment Rescission........................................Recission ..................................... Page 5 Section 2.6 Maximum Receivable Interests..............................Purchaser Interests ................................... Page 5 Section 2.7 Clean Up Call.............................................Repurchases and Releases of Receivables ............... Page 5

Payments and Collections. 3 4 Section 2.1 Payments..................................................3 .....................................................................4 Section 2.2 Collections Prior to Amortization.........................3 ............................................5 Section 2.3 Collections Following Amortization........................4 ...........................................5 Section 2.4 Application of Collections................................4 ...................................................6 Section 2.5 Payment Rescission........................................5 Recission............................................................6 Section 2.6 Maximum Receivable Purchaser Interests..............................5 ..................................................6 Section 2.7 Clean Up Call.............................................5................................................................7

Payments and Collections. 3 Section 2.1 Payments.............................................................................................. 3 Section 2.2 Collections Prior to Amortization............................................ 3 Section 2.3 Collections Following Amortization.......................................... 4 Section 2.4 Application of Collections.......................................................... 4 Section 2.5 Payment Rescission........................................Recission................................... 5 Section 2.6 Maximum Receivable Purchaser Interests....................................................... 5 Section 2.7 Clean Up Call.................................................................................... 5

Payments and Collections. 3 13 Section 2.1 Payments..................................................3 ........................................................................................................................................ 13 Section 2.2 Collections Prior to Amortization.........................3 ..................................................................................................... 13 Section 2.3 Collections Following Amortization........................4 ............................................................................................. 1514 Section 2.4 Application of Collections................................4 ................................................................................................................ 15 Section 2.5 Payment Rescission........................................5 .................................................................................................................... 1615 Section 2.6 Maximum Receivable Purchaser Interests..............................5 ......................................................................................................... 16 Section 2.7 Clean Up Call.............................................5................................................................................................................................... 16 Section 2.8 Demand for Payment of Demand Loans.......................................................................................... 16

Payments and Collections. 3 5 Section 2.1 Payments..................................................3 ................................................. 5 Section 2.2 Collections Prior to Amortization.........................3 ........................ 6 Section 2.3 Collections Following Amortization........................4 ....................... 6 Section 2.4 Application of Collections................................4 Section 2.5 Payment Rescission........................................5 Section 2.6 Maximum Receivable Interests..............................5 Section 2.7 Clean Up Call.............................................5Recission........................................ 7

Payments and Collections. 3 Section 2.1 2.1. Payments............................................................................................................... 3 Section 2.2 2.2. Collections Prior to Amortization............................................................. 3 Section 2.3 2.3. Collections Following Amortization........................4 ................................... 5 Section 2.4 2.4. Application of Collections................................4 ........................................... 5 Section 2.5 2.5. Payment Rescission........................................5 ................................................... 6 Section 2.6 2.6. Maximum Receivable Purchaser Interests..............................5 .......................................... 6 Section 2.7 2.7. Clean Up Call.............................................5........................................................ 6

Payments and Collections. 3 Section 2.1 Payments................................................................................................................................................................................. 3 Section 2.2 Collections Prior to Amortization................................................................................................................... 3 Section 2.3 Collections Following Amortization............................................................................................................. 4 Section 2.4 Application of Collections..................................................................................................................................... 4 Section 2.5 Payment Rescission........................................Recission................................................................................................................. 5 Section 2.6 Maximum Receivable Purchaser Interests............................................................................................................................. 5 Section 2.7 Clean Up Call.............................................Call ....................................................................................................................... 5

Payments and Collections. 3 Page 2 Section 2.1 Payments..................................................3 ...........................................Page 2 Section 2.2 Collections Prior to Amortization...........................................Page 3 Section 2.3 Collections Following Amortization........................4 .................Page 3 Section 2.4 Application of Collections.........................................................Page 4 Section 2.5 Payment Rescission........................................5 .................................Page 4 Section 2.6 Maximum Receivable Purchaser Interests..............................5 Section 2.7 Clean Up Call.............................................5........................Page 4 ARTICLE III

Payments and Collections. 3 4 Section 2.1 Payments..................................................3 Recourse Obligations............................................. 4 Section 2.2 Collections Prior to Amortization.........................3 ................................ 5 Section 2.3 Collections Following Amortization........................4 ............................... 6 Section 2.4 Application of Collections................................4 Section 2.5 Payment Rescission........................................5 Section 2.6 Maximum Receivable Interests..............................5 Section 2.7 Clean Up Call.............................................52.4

Payments and Collections. 3 4 Section 2.1 Payments..................................................3 ........................................................4 Section 2.2 Collections Prior to Amortization.........................3 ...............................5 Section 2.3 Collections Following Amortization........................4 ..............................6 Section 2.4 Application of Collections................................4 ......................................6 Section 2.5 Payment Rescission........................................5 Section 2.6 Maximum Receivable Interests..............................5 Section 2.7 Clean Up Call.............................................52.5

Payments and Collections. 3 6 Section 2.1 Payments..................................................3 Payments .............................................................................................. 6 Section 2.2 Collections Prior to Amortization.........................3 Amortization ........................................................ 7 Section 2.3 Collections Following Amortization........................4 .................................................... 8 Section 2.4 Application of Collections................................4 Section 2.5 Payment Rescission........................................5 Section 2.6 Maximum Receivable Interests..............................5 Section 2.7 Clean Up Call.............................................52.4

Payments and Collections. 3 Section 2.1 Payments..................................................; Due Dates of Payments...................................3 Section 2.2 Collections Prior to Amortization.........................3 .................................4 Section 2.3 Collections Following Amortization........................................................4 Section 2.4 Application of Collections........................................................................4 Section 2.5 Payment Rescission........................................................................................5 Section 2.6 Maximum Receivable Purchaser Interests.....................................................................5 Section 2.7 Clean Up Call..................................................................................................5

Payments and Collections. 3 Section 2.1 Payments.......................................................................................................................3 Section 2.2 Collections Prior to Amortization.........................3 ............................................4 Section 2.3 Collections Following Amortization........................4 ...........................................5 Section 2.4 Application of Collections................................4 ...................................................5 Section 2.5 Payment Rescission........................................Recission............................................................5 Section 2.6 Maximum Receivable Purchaser Interests..............................5 ..................................................6 Section 2.7 Clean Up Call.............................................5................................................................6

Payments and Collections. 3 Section 2.1 Payments...................................................................................................... 3 Section 2.2 Collections Prior to Amortization.................................................... 3 Section 2.3 Collections Following Amortization........................4 .......................... 3 Section 2.4 Application of Collections.................................................................. 4 Section 2.5 Payment Rescission........................................5 .......................................... 4 Section 2.6 Maximum Receivable Interests..............................5 Section 2.7 Clean Up Call.............................................Aggregate Purchaser Interest................................ 5

Payments and Collections. 3 Section 2.1 Payments............................................................................................ 3 Section 2.2 Collections Prior to Amortization.......................................... 3 Section 2.3 Collections Following Amortization........................................ 4 Section 2.4 Application of Collections........................................................ 4 Section 2.5 Payment Rescission........................................................................ 5 Section 2.6 Maximum Receivable Purchaser Interests..................................................... 5 Section 2.7 Clean Up Call.................................................................................. 5

Payments and Collections. 3 4 Section 2.1 Payments..................................................3 .......................................................4 Section 2.2 Collections Prior to Amortization.........................3 ..............................5 Section 2.3 Collections Following Amortization........................4 .............................5 Section 2.4 Application of Collections................................4 .....................................5 Section 2.5 Payment Rescission........................................5 .............................................6 Section 2.6 Maximum Receivable Interests..............................5 ...................................6 Section 2.7 Clean Up Call.............................................5..................................................6

Payments and Collections. 3 Section 2.1 Payments......................................................................................................3 Section 2.2 Collections Prior to Amortization.........................3 ...........................4 Section 2.3 Collections Following Amortization..................................................4 Section 2.4 Application of Collections..................................................................4 Section 2.5 Payment Rescission..................................................................................5 Section 2.6 Maximum Receivable Purchaser Interests..............................5 Section 2.7 Clean Up Call..............................................................................5

Payments and Collections. 3 13 Section 2.1 Payments..................................................3 Payments ............................................................................................ 13 Section 2.2 Collections Prior to Amortization.........................3 Amortization ...................................................... 13 Section 2.3 Collections Following Amortization........................4 .................................................. 15 Section 2.4 Application of Collections................................4 Collections ................................................................. 15 Section 2.5 Payment Rescission........................................5 Rescission ........................................................................... 16 Section 2.6 Maximum Receivable Purchaser Interests..............................5 ............................................................ 16 Section 2.7 Clean Up Call.............................................5..................................................................................... 16 Section 2.8 Demand for Payment of Demand Loans............................................ 16