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 Series 1998-2 Certificates which are then rated, the consent of the Enhancement Provider, and prior to a Pay Out Event, the Series 1998-2 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, 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 1998-2 Certificateholders. As principal is paid with respect to the Series 1998-2 Certificates, either (i) in the case of a pre-funded Paired Series, an equal amount of funds held 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 investor amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Investor 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 Section 6.9(b) of the Agreement. The numerator of the Investor Percentage with respect to allocations of Principal Receivables may be changed upon the occurrence of a pay out event with respect to a Paired Series (provided that such numerator is not less than the Adjusted Investor Amount as of the last day of the revolving period for such Paired Series).

Paired Series. Subject to obtaining confirmation by ------------- each ------------- Rating Agency of the then existing ratings of each class of Series 1998-2 2000- 1 Certificates which are is then rated, the consent of the Enhancement Provider, and prior to a Pay Out Eventthe commencement of the Early Amortization Period, the Series 19982000-2 1 Certificates may be paired with one or more other Series (each each, a "Paired Series"). Each Paired Series either will be ------------- 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, Series and funded 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 19982000-2 1 Certificateholders. As principal is paid or deposited into the Principal Funding Account with respect to the Series 19982000-2 1 Certificates, either (i) in the case of a pre-pre- funded Paired Series, an equal amount of funds held on deposit in any pre-funding account for such pre-funded Paired Series will will, if requested by the Transferor, 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 may, if requested by the Transferor, be sold by the Trust (and the proceeds thereof will will, if requested by the Transferor, 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 2000-1 Certificates, assuming that there have been no unreimbursed charge charge-offs with respect to any related Paired Series, the aggregate investor invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Investor Invested Amount paid to the Series 2000-1 Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in Section subsection 6.9(b) of the Agreement. The numerator of the Investor Class A Fixed Allocation Percentage, the Class B Fixed Allocation Percentage, the CTO Fixed Allocation Percentage and the Class D Fixed Allocation Percentage with respect to allocations of Collections of Principal Receivables may be changed upon the occurrence of a pay out event an Early Amortization Event with respect to (and as defined in the Supplement for) a Paired Series (provided that such numerator is not less than the Adjusted Investor Class A Invested Amount, the Class B Invested Amount, the CTO Invested Amount or the Class D Invested Amount, respectively, as of the last day of the revolving period Revolving Period (as defined in the Supplement for such Paired Series)).

Paired Series. Subject to obtaining confirmation by each ------------- Rating Agency of the then existing ratings of each class of Series 19982003-2 Certificates A Notes which are is then rated, the consent of the Enhancement Provider, and prior to a Pay Out Eventthe commencement of the Early Amortization Period, the Series 19982003-2 Certificates A Notes 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, Series and funded 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 19982003-2 CertificateholdersA Noteholders. As principal is paid or deposited into the Principal Funding Account with respect to the Series 19982003-2 CertificatesA Notes, either (i) in the case of a pre-funded Paired Series, an equal amount of funds held on deposit in any pre-funding account for such pre-funded Paired Series will will, if requested by the Transferor, 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 may, if requested by the Transferor, be sold by the Trust Issuer (and the proceeds thereof will will, if requested by the Transferor, be distributed to the Transferor) and, in either case, the note principal balance or invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the CertificatesSeries 2003-A Notes, assuming that there have been no unreimbursed charge charge-offs with respect to any related Paired Series, the aggregate investor note principal balance or invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Investor Amount principal amount paid to the Certificateholders Series 2003-A Noteholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in Section 6.9(b) of 2.11. If the Agreement. The Rating Agency Condition shall have been satisfied, the numerator of the Investor Fixed Allocation Percentage with respect to allocations of Collections of Principal Receivables may be changed upon the occurrence of a pay out event an Early Amortization Event with respect to (and as defined in the Supplement for) a Paired Series (provided that such numerator is not less than the Adjusted Investor Invested Amount as of the last day of the revolving period Revolving Period (as defined in the Supplement for such Paired Series)).

Paired Series. Subject to obtaining confirmation by each ------------- satisfaction of the Rating Agency of the then existing ratings of each class of Series 1998-2 Certificates which are then rated, the consent of the Enhancement ProviderCondition, and prior to a Pay Out Eventthe commencement of the Early Amortization Period, the Series 1998-2 2000-__ 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 prefunding account in an amount up to the initial principal balance of such Paired Series, 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 1998-2 2000-__ Certificateholders. As principal is paid with respect to the Series 1998-2 2000-__ Certificates, either (i) in the case of a pre-funded prefunded Paired Series, an equal amount of funds held 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 2000-__ Certificates, assuming that there have been no unreimbursed charge charge-offs with respect to any related Paired Series, the aggregate investor invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Investor Invested Amount paid to the Series 2000-__ Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in Section 6.9(b) subsection 6.3 of the Agreement. The numerator of the Investor Percentage with respect to allocations of Principal Receivables may be changed upon the occurrence of a pay out event with respect to a Paired Series (provided that such numerator is not less than the Adjusted Investor Amount as of the last day of the revolving period for such Paired Series).