Allocation to Seller. Any remaining Class A-5 Investor Certificate Interest Collections for the related Due Period and Investment Income for the related Distribution Period shall be allocated and paid to the Seller. If during any Investment Period or Early Amortization Period, Class A-5 Investor Certificate Interest Collections for the related Due Period and Investment Income for the related Distribution Period are not sufficient to make all distributions required by Section 4.03(a)(i), the Master Trust Trustee shall withdraw funds from the Negative Carry Reserve Fund to the extent of such insufficiency and apply such funds in the same manner as Class A-5 Investor Certificate Interest Collections pursuant to Section 4.03(a)(i). The Negative Carry Subordinated Amount shall be reduced by the product of (i) the amount so applied and (ii) 1.00 plus the Subordinated Percentage.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Navistar Financial Securities Corp)
Allocation to Seller. Any remaining Class A-5 A-4 Investor Certificate Interest Collections for the related Due Period and Investment Income for the related Distribution Period shall be allocated and paid to the Seller. If during any Investment Period or Early Amortization Period, Class A-5 A-4 Investor Certificate Interest Collections for the related Due Period and Investment Income for the related Distribution Period are not sufficient to make all distributions required by Section 4.03(a)(i), the Master Trust Trustee shall withdraw funds from the Negative Carry Reserve Fund to the extent of such insufficiency and apply such funds in the same manner as Class A-5 A-4 Investor Certificate Interest Collections pursuant to Section 4.03(a)(i). The Negative Carry Subordinated Amount shall be reduced by the product of (i) the amount so applied and (ii) 1.00 plus the Subordinated Percentage.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Navistar Financial Securities Corp)