Common use of Excess Principal Collections Clause in Contracts

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 Principal Shortfall" for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. Series (a___) That portion of Excess Principal Collections for Collections", with respect to any ----------------------------------------- Distribution Date equal to the amount of Series 1999-2 Date, shall mean Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the lesser of (a) the Series 1999-2 (_) Principal Shortfall for such Distribution Date; providedShortfall, howeverif any, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate and (b) an amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 Excess Principal Collections for such Distribution Date shall equal to the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 (_) Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 (_) Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Ford Credit Auto Receivables LLC)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 3 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 3 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 3 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 3 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 3 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 3 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 3 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 3 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 [19_-_] Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 [199_-_] and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 [199_-_] Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 1999-2 [199_-_] Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 [199_-_] Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and [(y) a fraction, the numerator of which is the Series 1999-2 [199_-_] Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date] [describe other non-pro rata formula, if applicable]. The "Series 1999-2 [199_-_] Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) [for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Deposit Amount [other] [for any Distribution Date with respect to the Controlled Amortization Period, the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount] [other], the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period [or Reinvestment Period], the sum of the Invested Amount and the L/C [Invested Amount, if any] [other], over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement Supplement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 9 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 9 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 9 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 9 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 9 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 9 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 9 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 9 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 8 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 8 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 8 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 8 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 8 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 8 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 8 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 8 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 7 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 7 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 7 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 7 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 7 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 7 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 7 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 7 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 7 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 7 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 7 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 7 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 7 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 7 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 7 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 7 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 6 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 6 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 6 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 6 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 6 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 6 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 6 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 6 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991996-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19991996-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 19991996-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991996-2 1 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991996-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991996-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991996-2 1 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Sources: Series Supplement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 5 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 5 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 5 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 5 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 5 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 5 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 5 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 5 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 1 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 1 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 1 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991995-2 5 Excess Principal Collections for such Distribution Date will be allocated to Series 19991995-2 5 and will be distributed as set forth in this Series Supplement. (b) Series 19991995-2 5 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991995-2 5 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991995-2 5 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991995-2 5 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991995-2 5 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Controlled Amortization Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991996-2 Excess Principal Collections for such Distribution Date will be allocated to Series 19991996-2 and will be distributed as set forth in this Series Supplement. (b) Series 19991996-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991996-2 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991996-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991996-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991996-2 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Sources: Series Supplement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement Supplement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 10 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 10 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 10 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 10 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 10 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 10 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 10 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 10 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 1 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 1 Principal Shortfall" for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 1 Excess Principal Collections).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citibank South Dakota N A)