Common use of Paired Series Clause in Contracts

Paired Series. Subject to obtaining confirmation by each Rating Agency of the then existing ratings of each class of Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Certificates may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Certificateholders. As principal is paid with respect to the Certificates, either (i) in the case of a pre-funded Paired Series, an equal amount of funds on deposit in any pre-funding account for such pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) of the Agreement.

Paired Series. Subject to obtaining confirmation by each Rating Agency of the then existing ratings of each class Class of Certificates Securities which is then ratedrated (in the case of the Class A Securities, without giving effect to the Policy), and prior to the commencement of the Early Amortization Period, the Certificates Series 2002-4 Securities may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the CertificateholdersSeries 2002-4 Securityholders. As principal is deposited in the Principal Account or the Principal Funding Account or is paid with respect to the CertificatesSeries 2002-4 Securities, either (i) in the case of a pre-funded Paired Series, an equal amount of funds on deposit in any pre-funding account for such pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the CertificatesSeries 2002-4 Securities, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Certificateholders Series 2002-4 Securityholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) of the Agreement.

Paired Series. Subject to obtaining confirmation by each satisfaction of the Rating Agency of the then existing ratings of each class of Certificates which is then ratedCondition, and prior to the commencement of the Early Amortization Period, the Series 2003-__ Certificates may be paired with one or more other Series (each each, a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2003-__ Certificateholders. As principal is paid with respect to the Series 2003-__ Certificates, either (i) in the case of a pre-funded Paired Series, an equal amount of funds on deposit in any pre-funding account for such pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2003-__ Certificates, assuming that there have been no unreimbursed chargeInvestor Charge-offs Offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2003-__ Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) Section 6.3 of the Agreement.

Paired Series. Subject to obtaining confirmation by each Rating Agency of the then existing ratings of each class of Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Certificates may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prePre-funding Funding account will be held for the benefit of such Paired Series and not for the benefit of the Certificateholders. As principal is paid with respect to the Certificates, either (i) in the case of a pre-funded Paired Series, an equal amount of funds on deposit in any prePre-funding Funding account for such pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) of the Agreement.

Paired Series. Subject to obtaining confirmation by each Rating Agency of the then existing ratings of each class Class of Certificates Securities which is then ratedrated (in the case of the Class A Securities, without giving effect to the Policy), and prior to the commencement of the Early Amortization Period, the Certificates Series 2002-3 Securities may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the CertificateholdersSeries 2002-3 Securityholders. As principal is deposited in the Principal Account or the Principal Funding Account or is paid with respect to the CertificatesSeries 2002-3 Securities, either (i) in the case of a pre-funded Paired Series, an equal amount of funds on deposit in any pre-funding account for such pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the CertificatesSeries 2002-3 Securities, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Certificateholders Series 2002-3 Securityholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) of the Agreement.

Paired Series. Subject to obtaining confirmation by each Rating Agency of the then existing ratings of each class of Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Certificates may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Certificateholders. As principal is paid with respect to the Certificates, either (i) in the case of a pre-funded prefunded Paired Series, an equal amount of funds on deposit in any pre-funding account for such pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Certificates, assuming that there have been no unreimbursed charge-offs chargeoffs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) of the Agreement.

Paired Series. Subject to obtaining confirmation by each satisfaction of the Rating Agency of the then existing ratings of each class of Certificates which is then ratedCondition, and prior to the commencement of the Early Amortization Period, the Series 1998-1 Certificates may be paired with one or more other Series (each a "Paired SeriesPAIRED SERIES"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding prefunding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such pre-funding prefunding account will be held for the benefit of such Paired Series and not for the benefit of the Series 1998-1 Certificateholders. As principal is paid with respect to the Series 1998-1 Certificates, either (i) in the case of a pre-funded prefunded Paired Series, an equal amount of funds on deposit in any pre-funding prefunding account for such pre-funded prefunded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 1998-1 Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 1998-1 Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) 6.3 of the Agreement.

Paired Series. Subject to obtaining confirmation by each Rating Agency Any other Series in Group One may be designated (but only with the consent of the then existing ratings of each class of Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Certificates may be paired with one or more other Class C Certificateholders) as a Paired Series (each a "Paired Series")for Series 1997-1. Each Such Paired Series either will shall be pre-funded prefunded with an initial deposit to a pre-funding prefunding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will shall have a variable principal amount. Any such pre-funding prefunding account will shall be held for the benefit of such Paired Series and not for the benefit of the Series 1997-1 Certificateholders. As principal is paid with respect to funds in the CertificatesCollection Account are allocated for distribution as Available Principal Collections during the Early Amortization Period or Accumulation Period, either (i) in the case of a pre-funded prefunded Paired Series, an equal amount of funds on deposit in any pre-funding prefunding account for such pre-funded Paired Series will shall be released (which funds will be and distributed pursuant to the Transferor) terms of such Paired Series or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed pursuant to the Transferor) terms of such Paired Series, and, in either case, the invested amount in the Trust Series Investor Interest of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the CertificatesSeries 1997-1 Certificates and payment of all amounts due to the Class C Certificateholders, assuming that there have been no unreimbursed charge-offs Loss Amounts with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will shall have been increased by an amount up to an aggregate amount equal to the Invested Amount Series Investor Interest paid to the Series 1997-1 Certificateholders since and the issuance Class C Certificateholders (or such other amount as the holders of such Paired SeriesSeries shall agree). The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) of the Agreement40 SECTION 1.18.

Paired Series. Subject to obtaining confirmation by each satisfaction of the Rating Agency of the then existing ratings of each class of Certificates which is then ratedCondition, and prior to the commencement of the Early Amortization Period, the Series 1997-1 Certificates may be paired with one or more other Series (each a "Paired SeriesPAIRED SERIES"). Each Paired Series either will be pre-funded with an initial deposit to a pre-funding prefunding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such pre-funding prefunding account will be held for the benefit of such Paired Series and not for the benefit of the Series 1997-1 Certificateholders. As principal is paid with respect to the Series 1997-1 Certificates, either (i) in the case of a pre-funded prefunded Paired Series, an equal amount of funds on deposit in any pre-funding prefunding account for such pre-funded prefunded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 1997-1 Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 1997-1 Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.9(b) 6.3 of the Agreement.