Common use of SECTION Designation Clause in Contracts

SECTION Designation. The Certificates created and authorized pursuant to the Agreement and this Supplement shall be divided into two classes, which shall be designated respectively as (i) the "VFC Certificates, Series 1998-1" and (ii) the "Subordinated Company Certificate, Series 1998-1". The VFC Certificates shall be issued in the form of Definitive Certificates, to be delivered to the VFC Certificateholder(s) in accordance with Section 2.3. a) SECTION The Series 1998-1 Certificates. The VFC Certificates shall represent fractional undivided interests in the Trust, consisting of the right to receive the Invested Percentage (expressed as a decimal) of (i) Collections received with respect to the Receivables, (ii) all other funds on deposit in the Collection Account and in any subaccount thereof and (iii) all other Trust Assets (the "Series 1998-1 Certificateholders' Interest"). a) The Subordinated Certificate shall represent a fractional undivided interest in the Trust, consisting of the right to receive Collections with respect to the Receivables allocated to the Series 1998-1 Certificateholders' Interest and not required to be distributed to or for the benefit of the VFC Certificateholders (the "Subordinated Interest"). The Exchangeable Company Certificate and any other Series of Investor Certificates outstanding shall represent the ownership interest in the remainder of the Trust not allocated pursuant hereto to the Series 1998-1 Certificateholders' Interest or the Subordinated Interest. a) The VFC Certificates and the Subordinated Certificate shall be issued in registered form in substantially the forms of Exhibits A and B, respectively, and shall, upon issue, be executed and delivered by the Company to the Trustee for authentication and redelivery as provided in Section 2.3 hereof and Section 5.2