Common use of FORM OF SERIES Clause in Contracts

FORM OF SERIES. 2002-1 NOTES Section 6.1 Initial Issuance of Series 2002-1 Investor Notes. The Series 2002-1 Investor Notes are being offered and sold by the Issuer in a registered public offering pursuant to an Underwriting Agreement, dated _________, 2002, among the Issuer, VMS, PHH and J.P. Morgan Securities Inc. and First Union Securities, Inc., as the ▇▇▇▇▇▇▇▇▇▇▇ives of the underwriters.

FORM OF SERIES. 2002-1 2 NOTES Section 6.1 Initial Issuance of Series 2002-1 2 Investor Notes. The Series 2002-1 2 Investor Notes are being offered and sold by the Issuer in a registered public offering pursuant to an Underwriting Agreement, dated _______November __, 2002, among the Issuer, VMS, PHH and J.P. Morgan Securities Inc. and First Union Securities, Barclay's Capital Inc., as the repre▇▇▇▇▇▇▇▇▇▇▇ives ▇ of the underwriters.

FORM OF SERIES. 20022003-1 NOTES Section 6.1 Initial Issuance of Series 20022003-1 Investor Notes. The Series 20022003-1 Investor Notes are being offered and sold by the Issuer in a registered public offering pursuant to an Underwriting Agreement, dated _________August [ ], 20022003, among the Issuer, VMS, PHH and J.P. Morgan Securities Inc. and First Union SecuritiesWachovia Capital Markets, Inc.LLC, as the t▇▇ ▇▇▇▇▇▇▇▇▇▇▇ives tatives of the underwriters.