Common use of Reallocated Principal Collections Clause in Contracts

Reallocated Principal Collections. The Servicer shall apply or shall cause the Trustee to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Finance Charge Collections allocated to Series [__________] with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c) and (d) on such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(b)(i) and (ii) and subsection 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal Collections.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)

Reallocated Principal Collections. The Servicer shall apply or shall cause the Trustee to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the sum of (x) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 1998-A with respect to the related Monthly Period and (y) the Available Cash Collateral Amount with the respect to such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the sum of (x) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections 4.7(c) and (d) on such Distribution Date and (y) the amount withdrawn from the Cash Collateral Account pursuant to subsection 4.12(c) which is remaining after application pursuant to subsection 4.7(a) with respect to such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(b)(i) and (ii) and subsection 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections allocable to the Class B Invested Amount shall be treated as a portion of Available Investor Principal CollectionsCollections to be applied in accordance with subsections 4.5(d) and (f), and the balance, if any, of such Reallocated Principal Collections allocable to the Collateral Invested Amount shall be treated as a portion of Collateral Principal Collections to be applied in accordance with subsections 4.5(e) and (g).

Appears in 1 contract

Sources: Series 1998 a Supplement (Advanta Credit Card Master Trust Ii)

Reallocated Principal Collections. The Servicer shall apply or shall cause the Trustee to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the sum of (x) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [____-______] _ with respect to the related Monthly Period and (y) the Available Cash Collateral Amount with the respect to such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the sum of (x) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections 4.7(c) and (d) on such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(b)(i) and (ii) and subsection 4.7(d), in that order of priority; and (cy) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal Collections.amount withdrawn from the

Appears in 1 contract

Sources: Series Supplement (Fleet Bank National Association /Ri/)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2022-1 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Principal Collections. The Servicer shall apply or shall cause direct the Trustee in writing to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 2000-C with respect to the related Monthly Period shall shall, be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(a)(i), (ii) and ), (iii) and, (iv), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections Sections 4.7(c) and (d) on such Distribution Date Date, shall be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(b)(i) and (ii) and subsection Section 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal CollectionsCollections to be applied in accordance with subsections 4.5(d) and (e).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Bank National Association /Ri/)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2011-1 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Principal Collections. The Servicer shall apply or shall cause direct the Trustee in writing to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 2002-B with respect to the related Monthly Period shall shall, be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections Sections 4.7(c) and (d) on such Distribution Date Date, shall be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(b)(i) and (ii) and subsection Section 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal CollectionsCollections to be applied in accordance with subsections 4.5(d) and (e).

Appears in 1 contract

Sources: Series 2002 B Supplement (Fleet Credit Card Master Trust Ii)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2014-4 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2012-5 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Principal Collections. The Servicer shall apply or shall cause direct the Trustee in writing to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 2002-A with respect to the related Monthly Period shall shall, be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections Sections 4.7(c) and (d) on such Distribution Date Date, shall be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(b)(i) and (ii) and subsection Section 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal CollectionsCollections to be applied in accordance with subsections 4.5(d) and (e).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2012-4 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2012-3 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2013-3 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Principal Collections. The Servicer shall apply (a) On or shall cause the Trustee to apply on before each Distribution Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit E hereto) to apply Reallocated Principal Collections (applying all such Reallocated Principal Collections in accordance with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) belowsubsection 4.12(b)) with respect to such Distribution Date, to make the following distributions on each Distribution Date in the following priority: (ai) an amount equal to the excess, if any, of (ix) the Class A Required Amount, if any, with respect to such Distribution Date over (iiy) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated to Series [__________] 2002-1 with respect to the related Monthly Period Due Period, shall be distributed by applied in accordance with, and in the Trustee to fund any deficiency pursuant to priority set forth in, subsections 4.5(a)(i4.9(a)(i), (ii), (iii) and (iiiiv), in that order of priority; (bii) an amount equal to the excess, if any, of (ix) the Class B Required Amount, if any, with respect to such Distribution Date over (iiy) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c) and (dsubsection 4.11(c) on such Distribution Date shall be distributed by applied first in accordance with, and in the Trustee to fund any deficiency pursuant to priority set forth in subsections 4.5(b)(i4.9(b)(i) and (ii) and then pursuant to and in the priority set forth in subsection 4.7(d4.11(c)(II), in that order of priority; and (ciii) an amount equal to the balanceexcess, if any, of (x) the Class C Required Amount, if any, with respect to such Distribution Date over (y) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available to the Class C Investor Interest pursuant to subsections 4.11(e), 4.11(f), 4.11(g) and 4.11(h) on such Distribution Date shall be applied first pursuant to subsection 4.9(c)(i), and then pursuant to and in the priority set forth in subsections 4.11(f), 4.11(g) and 4.11(h). (b) On each Distribution Date on which the Servicer shall instruct the Trustee to apply Reallocated Principal Collections pursuant to paragraph (a) above, the Trustee shall apply such Reallocated Principal Collections in the following order of priority and only to the extent provided below: (i) applying Reallocated Class D-2 Principal Collections in accordance with subsections 4.12 (a)(i) through (a)(iii); (ii) if any amounts remain outstanding under subsections 4.12 (a)(i) through (a)(iii) after giving effect to Reallocated Class D-2 Principal Collections, then applying Reallocated Class D-1 Principal Collections in accordance with subsections 4.12 (a)(i) through (a)(iii); (iii) if any amounts remain outstanding under subsections 4.12 (a) (i) or (a)(ii) above after giving effect to Reallocated Class D Principal Collections, then applying Reallocated Class C Principal Collections in accordance with subsections 4.12(a)(i) and (a)(ii); and (iv) if any amounts remain outstanding under subsection 4.12 (a)(i) above after giving effect to Reallocated Class D Principal Collections and Reallocated Class C Principal Collections, then applying Reallocated Class B Principal Collections in accordance with subsection 4.12(a)(i). (c) On each Distribution Date, the Class D-2 Investor Interest shall be treated as a portion reduced by the amount of Available Reallocated Class D-2 Principal Collections for such Distribution Date, the Class D-1 Investor Interest shall be reduced by the amount of Reallocated Class D-1 Principal CollectionsCollections for such Distribution Date, the Class C Investor Interest shall be reduced by the amount of Reallocated Class C Principal Collections for such Distribution Date, and the Class B Investor Interest shall be reduced by the amount of Reallocated Class B Principal Collections for such Distribution Date. Each of the Class B Investor Interest, the Class C Investor Interest, the Class D-1 Investor Interest and the Class D-2 Investor Interest will thereafter be reimbursed (but not in excess of the unreimbursed amount of such reductions) on any Distribution Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocated and available to (x) the Class B Investor Interest pursuant to subsection 4.11(d), (y) the Class C Investor Interest pursuant to subsection 4.11(i) and (z) to the Class D-1 Investor Interest and Class D-2 Investor Interest pursuant to subsection 4.11(p).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Charming Shoppes Inc)

Reallocated Principal Collections. The On or before each Transfer Date, the Servicer shall apply or shall cause instruct the Trustee to apply on each Distribution Date, in writing (which writing 50 (a) for any amounts still owing after the application of Reallocated Collateral Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) belowCollections) with respect to such Distribution Transfer Date, to make the following distributions on each Transfer Date in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Transfer Date over (ii) the sum of (x) the amount of Excess Finance Charge Spread and Shared Excess Yield Collections allocated to Series [__________] with respect to the related Monthly Collection Period and (y) amounts, if any, to be withdrawn from the Overconcentration Account pursuant to subsection 4.18(d)(i) on such Transfer Date, shall be distributed by the Trustee used to fund any deficiency pursuant to subsections 4.5(a)(i4.9(a)(i), (ii) and (iii), in that order of priority;; and (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Transfer Date over (ii) the sum of (x) the amount of Excess Finance Charge Spread and Shared Excess Yield Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c) and (dsubsection 4.11(c) on such Distribution Transfer Date and (y) amounts, if any, to be withdrawn from the Overconcentration Account and allocated and available to the Class B Certificates pursuant to subsection 4.18(d)(ii) on such Transfer Date, shall be distributed by the Trustee used to fund any deficiency pursuant to subsections 4.5(b)(i4.9(b)(i) and (ii) and subsection 4.7(d4.11(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal Collections.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Bank Corporate Card Master Trust)

Reallocated Principal Collections. The Servicer shall apply or shall cause direct the Trustee in writing to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 200_-_ with respect to the related Monthly Period shall shall, be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections Sections 4.7(c) and (d) on such Distribution Date Date, shall be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(b)(i) and (ii) and subsection Section 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal CollectionsCollections to be applied in accordance with subsections 4.5(d) and (e).

Appears in 1 contract

Sources: Series Supplement (Fleet Credit Card Master Trust Ii)

Reallocated Principal Collections. The Servicer shall apply On or shall cause the Trustee to apply on before each Distribution Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to apply Reallocated Principal Collections (applying all such Collections with respect to the Reallocated Class C Invested Amount Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any such Collections with respect to the Reallocated Class B Invested Amount Principal Collections in accordance with subsection 4.12 (a) for any amounts still owing after the application of Reallocated Class C Principal Collections and applying no such all Reallocated Class D Principal Collections in accordance with respect to the Class B Invested Amount pursuant to clause subsections 4.12(a), (b) belowand (c) prior to applying any Reallocated Class C Principal Collections in accordance with subsections 4.12(a) or (b) for any amounts still owing after the application of Reallocated Class D Principal Collections) 35 with respect to such Distribution Date, to make the following distributions on each Distribution Date in the following priority: (a) 1.9.0.1. an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated to Series [__________] 1997-1 with respect to the related Monthly Period Due Period, shall be distributed by applied in accordance with, and in the Trustee to fund any deficiency pursuant to priority set forth in, subsections 4.5(a)(i4.9(a)(i), (ii) and (iii), in that order of priority; (b) 1.9.0.2. an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c) and (dsubsection 4.11(c) on such Distribution Date shall be distributed by applied in accordance with, and in the Trustee to fund any deficiency pursuant to priority set forth in subsections 4.5(b)(i) and 4.9(b)(i), (ii) and subsection 4.7(d(iii), in that order of priority; and (c) 1.9.0.3. an amount equal to the balanceexcess, if any, of (i) the Class C Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available to the Class C Investor Interest pursuant to subsections 4.11(e), 4.11(f) and 4.11(g) on such Distribution Date shall be applied first pursuant to subsection 4.9(c)(i), and then pursuant to and in the priority set forth in subsections 4.11(f) and 4.11(g). On each Distribution Date, the Class D Investor Interest shall be reduced by the amount of Reallocated Class D Principal Collections for such Distribution Date, the Class C Investor Interest shall be treated as a portion reduced by the amount of Available Reallocated Class C Principal Collections for such Distribution Date, and the Class B Investor Interest shall be reduced by the amount of Reallocated Class B Principal CollectionsCollections for such Distribution Date.

Appears in 1 contract

Sources: Supplement (Charming Shoppes Inc)

Reallocated Principal Collections. The Servicer shall apply apply, or shall cause instruct the Trustee to apply apply, on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority:Principal (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the sum of (x) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated allocable to Series [__________] 1998-2 with respect to the related Monthly Period and (y) the Available Cash Collateral Amount with respect to such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(a)(iSections 4.6(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the sum of (x) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and allocable to Series 1998-2 with respect to the related Monthly Period available to in respect of the Class B Certificates Required Amount pursuant to subsections 4.7(cSection 4.8(c) and (d) on such Distribution Date and (y) the amount withdrawn from the Cash Collateral Account in respect of the Class B Required Amount with respect to such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(b)(iSections 4.8(c) and (ii) and subsection 4.7(dd), in that order of priority; and (c) an amount equal to the balanceexcess, if any, of (i) the Collateral Required Amount, if any, with respect to such Reallocated Principal Distribution Date over (ii) the sum of (x) the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1998-2 with respect to the related Monthly Period available in respect of the Collateral Required Amount pursuant to Sections 4.8(f) and (h) on such Distribution Date and (y) the amount withdrawn from the Cash Collateral Account in respect of the Collateral Required Amount with respect to such Distribution Date shall be treated as a portion distributed by the Trustee to fund any deficiency pursuant to Section 4.6(c)(i) and Sections 4.8(f) and (h), in that order of Available Investor Principal Collectionspriority.

Appears in 1 contract

Sources: Supplement to the Master Pooling and Servicing Agreement (Saks Inc)

Reallocated Principal Collections. The Servicer shall apply or shall cause direct the Trustee in writing to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 2001-B with respect to the related Monthly Period shall shall, be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections Sections 4.7(c) and (d) on such Distribution Date Date, shall be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(b)(i) and (ii) and subsection Section 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal CollectionsCollections to be applied in accordance with subsections 4.5(d) and (e).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

Reallocated Principal Collections. The Servicer shall apply or shall cause direct the Trustee in writing to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 2000-D with respect to the related Monthly Period shall shall, be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections Sections 4.7(c) and (d) on such Distribution Date Date, shall be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(b)(i) and (ii) and subsection Section 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal CollectionsCollections to be applied in accordance with subsections 4.5(d) and (e).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

Reallocated Principal Collections. The Servicer shall apply or shall cause the Trustee to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread, Excess Finance Charge Collections allocated and Excess Transferor Finance Charge Collections allocable to Series [__________] 1998-1 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread, Excess Finance Charge Collections allocated and available Excess Transferor Finance Charge Collections allocable to Series 1998-1 and applied to the Class B Certificates pursuant to subsections 4.7(c) and (d) on such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(b)(i) and (ii) and subsection 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal Collections.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)

Reallocated Principal Collections. The Servicer shall apply or shall cause direct the Trustee in writing to apply on each Distribution Date, Reallocated Principal Collections (applying all such Collections with respect to the Class C Collateral Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated to Series [__________] 1999-D with respect to the related Monthly Period shall shall, be distributed by the Trustee to fund any deficiency pursuant to subsections Sections 4.5(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections Charges allocated and available to the Class B Certificates pursuant to subsections Sections 4.7(c) and (d) on such Distribution Date shall be distributed by the Trustee to fund any deficiency pursuant to subsections 4.5(b)(i) and (ii) and subsection 4.7(d), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal Collections.

Appears in 1 contract

Sources: Series 1999 D Supplement (Fleet Bank National Association /Ri/)

Reallocated Principal Collections. The On or before each Transfer Date, the Servicer shall apply or shall cause instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw from the Principal Account and apply on each Distribution Date, Reallocated Principal Collections (applying all such Reallocated Collateral Principal Collections in accordance with respect to the Class C Invested Amount subsections 4.12(a) and (b) prior to applying any such Collections with respect to the Reallocated Class B Invested Amount and applying no such Principal Collections in accordance with respect to subsection 4.12 (a) for any amounts still owing after the Class B Invested Amount pursuant to clause (b) belowapplication of Reallocated Collateral Principal Collections) with respect to such Distribution Transfer Date, to make the following distributions on each Transfer Date in the following priority: : (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Transfer Date over (ii) the amount of Excess Finance Charge Collections allocated to Series [__________] Spread with respect to the related Monthly Period and the amount of Shared Excess Finance Charge Collections, shall be distributed by applied in accordance with, and in the Trustee to fund any deficiency pursuant to subsections 4.5(a)(ipriority set forth in, subsection 4.9(a), (ii) ; and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Transfer Date over (ii) the amount of Excess Spread and the amount of Shared Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c) and (dsubsection 4.11(c) on such Distribution Transfer Date shall be distributed by applied first in accordance with and in the Trustee to fund any deficiency priority set forth in, subsection 4.9(b) and then pursuant to subsections 4.5(b)(i) and (ii) and subsection 4.7(d4.11(c), in that order of priority; and (c) the balance, if any, of such Reallocated Principal Collections shall be treated as a portion of Available Investor Principal Collections.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Wachovia Credit Card Master Trust)

Reallocated Principal Collections. The On each Distribution Date, the Servicer shall apply apply, or shall cause the Trustee to apply on each Distribution Dateby written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections (applying all such Collections with respect to the Class C Invested Amount prior to applying any such Collections with respect to the Class B Invested Amount and applying no such Collections with respect to the Class B Invested Amount pursuant to clause (b) below) with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series [__________] 2023-1 with respect to the related Monthly Period shall be distributed by the Trustee to fund any deficiency pursuant to and in the priority set forth in subsections 4.5(a)(i4.05(a)(i), (ii) and (iii), in that order of priority; (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Distribution Date over (ii) the amount of Excess Spread and Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsections 4.7(c4.07(c) and (d) on such Distribution Date shall be distributed by the Trustee applied first to fund any deficiency pursuant to subsections 4.5(b)(i4.05(b)(i) and (ii) and then to fund any deficiency pursuant to and in the priority set forth in subsections 4.07(c) and (d); and (c) an amount equal to the Collateral Senior Required Amount, if any, with respect to such Distribution Date shall be applied to fund any deficiency pursuant to subsection 4.7(d4.05(c)(i) and subsection 4.07(f), in that order of priority; and provided, however, that Reallocated Principal Collections shall only be applied pursuant to this subsection 4.08(c) to the extent the Collateral Invested Amount shall be no lower than the Collateral Senior Invested Amount after giving effect to the related reduction in the Collateral Invested Amount. All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount. Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above. On each Distribution Date, the balanceCollateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, if anyhowever, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c). In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Reallocated Principal Collections would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be a negative number on any Distribution Date, Reallocated Principal Collections shall be treated as reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount (after giving effect to any Class B Investor Charge-Offs for such Distribution Date) to be reduced to zero. References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a portion of Available Investor Principal CollectionsClass not be reduced below zero.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)