On the Specified Date (as hereinafter defined), CSO will make payment to Lender on the guaranty for each defaulted Loan for the applicable Loan Guaranty Amount. Payment of the Loan Guaranty Amount shall be paid by ACH from CSO to Lender on a weekly basis on the Specified Date (or next business day if the Specified Date is not a business day). Upon payment of the Loan Guaranty Amount with respect to a defaulted Loan, such defaulted Loans will be assigned by Lender to CSO without recourse pursuant to a Master Assignment of Promissory Notes (the "Master Assignment") to be executed by CSO and Lender concurrently herewith. Following such assignment, all amounts paid by borrowers with respect to such defaulted Loans (including the proceeds of any new Loans made to borrowers by Lender for the purpose of refinancing such defaulted Loans) shall be for the account of CSO.