Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A on any Payment Date shall be treated as Series 2003-A Available Principal Amounts for such Payment Date. (b) The Shared Excess Available Principal Amount allocable to Series 2003-A with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032004-A B on any Payment Date shall be treated as part of the Series 20032004-A B Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032004-A B with respect to any Payment Date shall mean an amount equal to the Series 2004-B Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032004-A B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2004-B Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Series 2004 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032005-A on any Payment Date shall be treated as part of the Series 20032005-A Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032005-A with respect to any Payment Date shall mean an amount equal to the Series 2005-A Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032005-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-A Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A [o] on any Payment Date shall be treated as Series 2003-A [o] Available Principal Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A [o] with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 2003-A [o] for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A [o] on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 2003-A [o] for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A [o] on any Payment Date shall be treated as part of the Series 2003-A [o] Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A [o] with respect to any Payment Date shall mean an amount equal to the Series [o] Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 2003-A [o] on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series [o] Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A [___] on any Payment Date shall be treated as Series 2003-A [___] Available Principal Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A [___] with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 2003-A [___] for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A [___] on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 2003-A [___] for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Indenture Supplement (Carco Auto Loan Master Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A on any Payment Date shall be treated as part of the Series 2003-A Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A with respect to any Payment Date shall mean an amount equal to the Series 2003-A Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 2003-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 2003-A Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Series 2003 a Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032004-A on any Payment Date shall be treated as part of the Series 20032004-A Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032004-A with respect to any Payment Date shall mean an amount equal to the Series 2004-A Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032004-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2004-A Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032002-A on any Payment Date shall be treated as part of the Series 20032002-A Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032002-A with respect to any Payment Date shall mean an amount equal to the Series 2002-A Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032002-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2002-A Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Series 2002 a Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032002-A on any Payment Date shall be treated as Series 20032002-A Available Principal Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032002-A with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 20032002-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 20032002-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 20032002-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032006-A on any Payment Date shall be treated as part of the Series 20032006-A Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032006-A with respect to any Payment Date shall mean an amount equal to the Series 2006-A Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032006-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2006-A Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A 1 on any Payment Date shall be treated as Series 2003-A 1 Available Principal Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A 1 with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount ShortfallShortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections), if any, with respect to Series 2003-A 1 for such Payment Date; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A 1 on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) with respect to Series 2003-A 1 for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts 23 SERIES 2003-1 INDENTURE SUPPLEMENT Shortfall for all series of Notes (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date.
(c) Any Shared Excess Available Principal Amount Amounts not required to be applied to make a payment or deposit in respect of a series of Notes shall be deposited into the Excess Funding Account to the extent that the Adjusted Pool Balance is less than the Required Pool Balance or the Transferor Amount is less than the Trust Available Subordinated Amount and any amount remaining thereafter paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC SupplementTransferor.
Appears in 1 contract
Sources: Indenture Supplement (CNH Wholesale Receivables Inc)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A [___] on any Payment Transfer Date shall be treated as Series 2003-A [___] Available Principal Amounts for such Payment Transfer Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A [___] with respect to any Payment Transfer Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 2003-A [___] for such Payment Transfer Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Transfer Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Transfer Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A [___] on such Payment Transfer Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 2003-A [___] for such Payment Transfer Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Transfer Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A 200__ - __ on any Payment Date shall be treated as Series 2003-A 200__ - __ Available Principal Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A 200__ - __ with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 2003-A 200__ - __ for such Payment Date; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A 200__ - __ on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 2003-A 200__ - __ for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount Amounts not required to be applied to make a payment or deposit in respect of a series of Notes shall be deposited into the Excess Funding Account to the extent that the Adjusted Pool Balance is less than the Required Pool Balance or the Transferor Amount is less than the Trust Available Subordinated Amount and any amount remaining thereafter paid to the CARCO Trust Trustee to Issuer shall be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC SupplementIndenture.
Appears in 1 contract
Sources: Indenture Supplement (CNH Wholesale Receivables Inc)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032004-A B on any Payment Date shall be treated as part of the Series 20032004-A B Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032004-A B with respect to any Payment Date shall mean an amount equal to the Series 2004-B Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032004-A B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2004-B Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032002-A B on any Payment Date shall be treated as Series 20032002-A B Available Principal Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032002-A B with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 20032002-A B for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 20032002-A B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 20032002-A B for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
Appears in 1 contract
Sources: Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032005-A C on any Payment Date shall be treated as part of the Series 20032005-A C Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032005-A C with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032005-A C on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032002-A B on any Payment Date shall be treated as part of the Series 20032002-A B Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032002-A B with respect to any Payment Date shall mean an amount equal to the Series 2002-B Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032002-A B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2002-B Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20032004-A on any Payment Date shall be treated as part of the Series 20032004-A Available Principal Amounts Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20032004-A with respect to any Payment Date shall mean an amount equal to the Series 2004-A Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amounts Amount allocable to Series 20032004-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2004-A Available Principal Amounts Amount Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) 4.06 of the Series 2002-CC SupplementSale and Servicing Agreement.
Appears in 1 contract
Sources: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount Amounts allocable to Series 2003-A the WFCardSeries on any Payment Transfer Date shall be treated as Series 2003-A WFCardSeries Available Principal Amounts for such Payment Transfer Date.
(b) The Shared Excess Available Principal Amount Amounts allocable to Series 2003-A the WFCardSeries with respect to any Payment Transfer Date shall mean an amount equal to the Series Available Principal Amount Amounts Shortfall, if any, with respect to Series 2003-A the WFCardSeries for such Payment Transfer Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes Excess Available Principal Amounts Sharing Series in Excess Available Principal Amounts Sharing Group One for such Payment Transfer Date is less than the Aggregate Series Available Principal Amounts Amount Shortfall for such Payment Transfer Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A the WFCardSeries on such Payment Transfer Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes Excess Available Principal Amounts Sharing Series in Excess Available Principal Amounts Sharing Group One for such Transfer Date and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Amount Shortfall with respect to Series 2003-A the WFCardSeries for such Payment Transfer Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Sharing Series 2002-CC Supplementin Excess Available Principal Amounts Sharing Group One for such Transfer Date.
Appears in 1 contract
Sources: Wfcardseries Indenture Supplement (WF Card Funding LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A 2 on any Payment Date shall be treated as Series 2003-A 2 Available Principal Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2003-A 2 with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount ShortfallShortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections), if any, with respect to Series 2003-A 2 for such Payment Date; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A 2 on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) with respect to Series 2003-A 2 for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts 23 SERIES 2003-2 INDENTURE SUPPLEMENT Shortfall for all series of Notes (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date.
(c) Any Shared Excess Available Principal Amount Amounts not required to be applied to make a payment or deposit in respect of a series of Notes shall be deposited into the Excess Funding Account to the extent that the Adjusted Pool Balance is less than the Required Pool Balance or the Transferor Amount is less than the Trust Available Subordinated Amount and any amount remaining thereafter paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC SupplementTransferor.
Appears in 1 contract
Sources: Indenture Supplement (CNH Wholesale Receivables Inc)