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 1998-7 Excess Principal Collections for such Distribution Date will be allocated to Series 1998-7 and will be distributed as set forth in this Series Supplement. (b) Series 1998-7 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 1998-7 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 1998-7 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 1998-7 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 1998-7 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 CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1998-7 Excess Principal Collections).

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19981997-7 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19981997-7 1 and will be distributed as set forth in this Series Supplement. (b) Series 19981997-7 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 19981997-7 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 19981997-7 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 19981997-7 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 19981997-7 1 Principal Shortfall for Shortfall, 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) plus, if such Distribution Date is also after the Class B Expected Final Payment last day of the February 2004 Collection Period, the Additional Accumulation Amount for such Distribution Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the a Reinvestment Period or an Early Amortization Period, the sum of the Invested Amount and the CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1998-7 Excess Principal Collections).

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19981999-7 3 Excess Principal Collections for such Distribution Date will be allocated to Series 19981999-7 3 and will be distributed as set forth in this Series Supplement. (b) Series 19981999-7 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 19981999-7 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 19981999-7 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 19981999-7 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 19981999-7 3 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 CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19981999-7 3 Excess Principal Collections).