Class A Costs. On each Business Day, the Trustee acting in accordance with instruc- tions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the re- maining Cap Receipt Amount for such Business Day and then from the Collection Account and then from the Payment Reserve Account and pay to the Class A Certificateholder, to the extent of any Available Series 1995-1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (xiv), an amount equal to the lesser of (x) any such remaining Available Series 1995-1 Finance Charge Collections and (y) the Class A Costs for such Business Day and any such amounts that remain unpaid from previous days to the extent not included in Class A Costs for such Busi- ness Day.
Appears in 1 contract
Class A Costs. On each Business Day, the Trustee acting in accordance with instruc- tions instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the re- maining remaining Cap Receipt Amount for such Business Day and then from the Collection Account and then from the Payment Reserve Account and pay to the Class A CertificateholderSecurityholder, to the extent of any Available Series 19951998-1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (xivxiii), an amount equal to the lesser of (x) any such remaining Available Series 19951998-1 Finance Charge Collections and (y) the Class A Costs for such Business Day and any such amounts that remain unpaid from previous days to the extent not included in Class A Costs for such Busi- ness Business Day.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Metris Companies Inc)