Common use of Excess Interest Collections Clause in Contracts

Excess Interest Collections. (a) On each Transfer Date, commencing with the initial Transfer Date, the amounts, if any, received on such Transfer Date by the Master Trust Trustee from the Indenture Trustee which are designated as Excess Interest Collections pursuant to the Indenture shall be treated as Excess Interest Collections by the Master Trust Trustee and allocated (i) to other Series to the extent such Series provides for the use of Excess Interest Collections and (ii) to the Seller or the holders of the Seller's Certificates. (b) On each Transfer Date following the Closing Date, the Master Trust Trustee shall, to the extent provided in the Agreement, transfer to the Indenture Trustee Excess Interest Collections, if any, in respect of such Transfer Date equal to the aggregate amount of Series Available Interest Amounts Shortfalls for each series of Notes. If the aggregate amount of Excess Interest Collections for all Series for such Transfer Date is less than the aggregate amount of finance charge shortfalls for all Series entitled to share Excess Interest Collections for such Transfer Date, the amount of Excess Interest Collections for the Collateral Certificate for such Transfer Date shall equal the product of (x) Excess Interest Collections for all Series for such Transfer Date and (y) a fraction, the numerator of which is the aggregate amount of Series Available Interest Amounts Shortfalls for each series of Notes for such Transfer Date and the denominator of which is the aggregate amount of finance charge shortfalls for all Series entitled to share Excess Interest Collections for such Transfer Date.

Excess Interest Collections. (a) On each Transfer Date, commencing with the initial Transfer Dateon July 23, 2004, the amounts, if any, received on such Transfer Date by the Master Trust Trustee from the Indenture Trustee which are designated as Excess Interest Collections pursuant to the Indenture shall be treated as Excess Interest Collections by the Master Trust Trustee and allocated (i) to other Series to the extent such Series provides for the use of Excess Interest Collections and (ii) to the Seller or the holders of the Seller's ’s Certificates. (b) On each Transfer Date following the Closing Date, commencing on July 23, 2004, the Master Trust Trustee shall, to the extent provided in the Agreement, transfer to the Indenture Trustee Excess Interest Collections, if any, in respect of such Transfer Date equal to the aggregate amount of Series Available Interest Amounts Shortfalls for each series of Notes. If the aggregate amount of Excess Interest Collections for all Series for such Transfer Date is less than the aggregate amount of finance charge shortfalls for all Series entitled to share Excess Interest Collections for such Transfer Date, the amount of Excess Interest Collections for the Collateral Certificate for such Transfer Date shall equal the product of (x) Excess Interest Collections for all Series for such Transfer Date and (y) a fraction, the numerator of which is the aggregate amount of Series Available Interest Amounts Shortfalls for each series of Notes for such Transfer Date and the denominator of which is the aggregate amount of finance charge shortfalls for all Series entitled to share Excess Interest Collections for such Transfer Date.

Excess Interest Collections. (a) On each Transfer Date, commencing with the initial Transfer Dateon November 24, 2011, the amounts, if any, received on such Transfer Date by the Master Trust Trustee from the Indenture Trustee which are designated as Excess Interest Collections pursuant to the Indenture shall be treated as Excess Interest Collections by the Master Trust Trustee and allocated (i) to other Series to the extent such Series provides for the use of Excess Interest Collections and (ii) to the Seller or the holders of the Seller's ’s Certificates. (b) On each Transfer Date following the Closing Date, commencing on November 24, 2011, the Master Trust Trustee shall, to the extent provided in the Agreement, transfer to the Indenture Trustee Excess Interest CollectionsCollections from other Series, if any, in respect of such Transfer Date equal to the aggregate amount of Series Available Interest Amounts Shortfalls Shortfall for each series of Notesthe Collateral Certificate for such Transfer Date. If the aggregate amount of Excess Interest Collections for from all Series for such Transfer Date is less than the aggregate amount of finance charge shortfalls Interest Shortfalls for all Series entitled to share Excess Interest Collections for such Transfer Date, the amount of Excess Interest Collections for the Collateral Certificate for such Transfer Date shall equal the product of (x) Excess Interest Collections for from all Series for such Transfer Date and (y) a fraction, the numerator of which is the aggregate amount of Series Available Interest Amounts Shortfalls for each series of Notes the Collateral Certificate for such Transfer Date and the denominator of which is the aggregate amount of finance charge shortfalls Interest Shortfalls for all Series entitled to share Excess Interest Collections for such Transfer Date.