Common use of Allocations of Finance Charge Collections Clause in Contracts

Allocations of Finance Charge Collections. To the Series 1999-3 Certificateholders and retain in the Collection Account for application or reallocation as provided herein an amount equal to the product of (A) the Series 1999-3 Floating Allocation Percentage and (B) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Nextcard Inc), Pooling and Servicing Agreement (Nextcard Inc)