ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501. Allocations of Finance Charge Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes an amount equal to the product of (x) the Weighted Average Floating Allocation Percentage for such Series of Notes for such Monthly Period and (y) the amount distributed pursuant to Section 4.02(a) of the Series 2005-CC Supplement on the Distribution Date following such Monthly Period. Section 502. Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate all Available Principal Amounts to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to its Monthly Principal Payment; provided, however, that in the event that Available Principal Amounts for any Monthly Period are less than the aggregate Monthly Principal Payments for all series of Notes, Available Principal Amounts will be allocated to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to the lesser of (a) the sum of the Daily Principal Amounts for each day during such Monthly Period for such series of Notes and (b) the Monthly Principal Payment for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement; provided further, however, that any excess Available Principal Amounts identified in the application of clause (a) of the preceding proviso, or in the application of this proviso, will be allocated to each series of Notes which has not been allocated sufficient Available Principal Amounts to cover its full Monthly Principal Payment up to the amount of such insufficiency pro rata based on the Weighted Average Principal Allocation Percentage for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement.
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Sources: Indenture (National City Bank /)
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501. Allocations of Finance Charge Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes an amount equal to the product of (x) the Weighted Average Floating Allocation Percentage for such Series of Notes for such Monthly Period and (y) the amount distributed pursuant to Section 4.02(a) of the Series 2005-CC Supplement on the Distribution Date following such Monthly Period. Section 502. Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate all Available Principal Amounts to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to its Monthly Principal Payment; provided, however, that in the event that Available Principal Amounts for any Monthly Period are less than the aggregate Monthly Principal Payments for all series of Notes, Available Principal Amounts will be allocated to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to the lesser of (a) the sum of the Daily Principal Amounts for each day during such Monthly Period for such series of Notes and (b) the Monthly Principal Payment for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement; provided further, however, that any excess Available Principal Amounts identified in the application of clause (a) of the preceding proviso, or in the application of this proviso, will be allocated to each series of Notes which has not been allocated sufficient Available Principal Amounts to cover its full Monthly Principal Payment up to the amount of such insufficiency pro rata based on the Weighted Average Principal Allocation Percentage for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement.
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