Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 and pursuant to such Section 4.06 shall be paid on such Transfer Date to the Certificate Representative. (b) Shared Principal Collections allocable to Series 2001-D with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D for such Transfer Date and the denominator of which is the Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date. (c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 6 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series 2001 D Supplement (BA Credit Card Trust), Series 2001 D Supplement (BA Credit Card Trust)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D 2001‑D on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 and pursuant to such Section 4.06 shall be paid on such Transfer Date to the Certificate Representative.
(b) Shared Principal Collections allocable to Series 2001-D 2001‑D with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D 2001‑D for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D 2001‑D on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D 2001‑D for such Transfer Date and the denominator of which is the Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Principal Collections with respect to Series 2001-D 2001‑D as of such Determination Date for the following Transfer Date.
Appears in 3 contracts
Sources: Fifth Amended and Restated Series 2001 D Supplement (BA Credit Card Trust), Fifth Amended and Restated Series 2001 D Supplement (BA Master Credit Card Trust II), Fourth Amended and Restated Series 2001 D Supplement (BA Master Credit Card Trust II)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011996-D K on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bpp) Shared Principal Collections allocable to Series 20011996-D K with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011996-D K for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011996-D K on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011996-D K for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (cqq) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series 1996 K Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011996-D L on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bqq) Shared Principal Collections allocable to Series 20011996-D L with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011996-D L for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011996-D L on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011996-D L for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (crr) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Series 1996 L Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D J on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D J with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D J for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D J on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D J for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012000-D A on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20012000-D A with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012000-D A for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012000-D A on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012000-D A for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D J on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011997-D J with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D J for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D J on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D J for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Supplement to Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Supplement to Pooling and Servicing Agreement (Mbna America Bank National Association)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012000-D L on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20012000-D L with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012000-D L for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012000-D L on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012000-D L for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012000-D I on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20012000-D I with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012000-D I for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012000-D I on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012000-D I for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D B on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D B with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D B for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D B on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D B for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011996-D M on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bqq) Shared Principal Collections allocable to Series 20011996-D M with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011996-D M for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011996-D M on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011996-D M for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (crr) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012002-D 1 on any Transfer Date shall be applied as an Available Investor Principal Collection Collections pursuant to Section 4.06 4.11 and pursuant to such Section 4.06 4.11 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20012002-D 1 with respect to any Transfer Date shall mean means an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012002-D 1 for such Transfer Date; provided, however, provided that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012002-D 1 on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012002-D 1 for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mellon Bank Premium Finance Loan Master Trust), Pooling and Servicing Agreement (Mellon Bank Premium Finance Loan Master Trust)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012000-D E on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20012000-D E with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012000-D E for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012000-D E on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012000-D E for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D C on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bpp) Shared Principal Collections allocable to Series 20011997-D C with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D C for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D C on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D C for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (cqq) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Supplement to Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D G on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D G with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D G for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D G on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D G for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D I on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D I with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D I for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D I on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D I for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011998-D with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The T he portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D M on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D M with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D M for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D M on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D M for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011996-D 1 on any Transfer Date shall be applied as an Available Investor Principal Collection Collections pursuant to Section 4.06 4.11 and pursuant to such Section 4.06 4.11 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011996-D 1 with respect to any Transfer Date shall mean means an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011996-D 1 for such Transfer Date; provided, however, provided that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011996-D 1 on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011996-D 1 for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mellon Bank Premium Finance Master Trust), Pooling and Servicing Agreement (Mellon Bank Premium Finance Loan Master Trust)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D 1 on any Transfer Date shall be applied as an Available Investor Principal Collection Collections pursuant to Section 4.06 4.11 and pursuant to such Section 4.06 4.11 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011997-D 1 with respect to any Transfer Date shall mean means an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D 1 for such Transfer Date; provided, however, provided that if the aggregate amount of Shared Principal Collections for all Principal Sharing Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D 1 on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Principal Sharing Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D 1 for such Transfer Date and the denominator of which is the Cumulative Series Principal Shortfall for all Principal Sharing Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group OnePrincipal Sharing Series, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, the Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (First National Bank of Commerce), Pooling and Servicing Agreement (First National Bank of Commerce)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011996-D J on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bpp) Shared Principal Collections allocable to Series 20011996-D J with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011996-D J for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011996-D J on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011996-D J for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (cqq) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D E on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D E with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D E for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D E on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D E for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D A on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 2001-D A with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D A for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D A on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D A for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D M on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011997-D M with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D M for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D M on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D M for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D 2001-__ on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 and pursuant to such Section 4.06 ------------ ------------ shall be paid on such Transfer Date to the Series 2001-__ Certificate Representative.
(b) Shared Principal Collections allocable to Series 2001-D 2001-__ with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D 2001-__ for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections -------- ------- for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D 2001-__ on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D 2001-__ for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Principal Collections with respect to Series 2001-D 2001-__ as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna Credit Card Master Note Trust)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D G on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011998-D G with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D G for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D G on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D G for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D E on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011998-D E with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D E for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D E on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D E for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D E on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bqq) Shared Principal Collections allocable to Series 20011997-D E with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D E for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D E on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D E for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (crr) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D A on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011998-D A with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D A for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D A on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D A for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D 2001-__ on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 and pursuant to such Section 4.06 ------------ ------------ shall be paid on such Transfer Date to the Certificate Representative.
(b) Shared Principal Collections allocable to Series 2001-D 2001-__ with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D 2001-__ for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections -------- ------- for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D 2001-__ on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D 2001-__ for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Principal Collections with respect to Series 2001-D 2001-__ as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna Credit Card Master Note Trust)
Shared Principal Collections.
(a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 and pursuant to such Section 4.06 shall be paid on such Transfer Date to the Certificate Representative.
(b) Shared Principal Collections allocable to Series 2001-D with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D for such Transfer Date and the denominator of which is the Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Fifth Amended and Restated Series 2001 D Supplement
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D I on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011998-D I with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D I for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D I on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D I for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012004-D 1 on any Transfer Date shall be applied as an Available Investor Series 2004-1 Principal Collection Collections pursuant to Section 4.06 and pursuant to such Section 4.06 shall be paid on such Transfer Date to the Certificate RepresentativeSeries 2004-1 Certificateholder.
(b) Shared Principal Collections allocable to Series 20012004-D 1 with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012004-D 1 for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012004-D 1 on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012004-D 1 for such Transfer Date and the denominator of which is the Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Series 2004-1 Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Principal Collections with respect to Series 20012004-D 1 as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Cabela's Credit Card Master Note Trust)
Shared Principal Collections. (app) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D E on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bqq) Shared Principal Collections allocable to Series 20011997-D E with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D E for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D E on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D E for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (crr) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bank National Association)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011996-D H on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (bqq) Shared Principal Collections allocable to Series 20011996-D H with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011996-D H for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011996-D H on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011996-D H for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (crr) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D N on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011997-D N with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D N for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D N on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D N for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D J on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D J with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D J for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D J on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D J for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Amended and Restated Series 1999 J Supplement (BA Credit Card Funding, LLC)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D F on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (buu) Shared Principal Collections allocable to Series 20011997-D F with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D F for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D F on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D F for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (cvv) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D L on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D L with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D L for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D L on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D L for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011999-D A on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011999-D A with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011999-D A for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011999-D A on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011999-D A for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D B on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011997-D B with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D B for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D B on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D B for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (att) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D F on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate Representative.
Distribution Account or distributed in accordance with the Loan Agreement. (buu) Shared Principal Collections allocable to Series 20011997-D F with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D F for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D F on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D F for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
. (cvv) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Supplement to Pooling and Servicing Agreement (Mbna America Bank National Association)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D J on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011998-D J with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D J for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D J on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D J for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011997-D K on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 20011997-D K with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011997-D K for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011997-D K on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011997-D K for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D 1 on any Transfer Date shall be applied as an Available Investor Principal Collection Collections pursuant to Section 4.06 4.11 and pursuant to such Section 4.06 4.11 shall be paid on such Transfer Date to deposited in the Certificate RepresentativeDistribution Account or distributed in accordance with the Loan Agreement.
(b) Shared Principal Collections allocable to Series 2001-D 1 with respect to any Transfer Date shall mean means an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D 1 for such Transfer Date; provided, however, provided that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D 1 on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D 1 for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mellon Premium Finance Loan Owner Trust)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D C on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011998-D C with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D C for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D C on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D C for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20011998-D F on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20011998-D F with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20011998-D F for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20011998-D F on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20011998-D F for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012005-D 1 on any Transfer Date shall be treated and applied as an Available Investor Principal Collection Collections pursuant to Section 4.06 5.15 and pursuant to such Section 4.06 5.15 shall be paid on such Transfer Date deposited in the Payment Account or distributed to the Certificate RepresentativeIssuer.
(b) Shared Principal Collections allocable to Series 20012005-D 1 with respect to any Transfer Date shall mean means an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012005-D 1 for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012005-D 1 on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012005-D 1 for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, the Class C Required Amount and the Class D Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 2001-D B on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 2001-D B with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D B for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 2001-D B on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D B for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Amended and Restated Series 2001 B Supplement (BA Credit Card Funding, LLC)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012000-D H on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest Holder in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20012000-D H with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012000-D H for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series 20012000-D H on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012000-D H for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Amended and Restated Series 2000 H Supplement (BA Credit Card Funding, LLC)
Shared Principal Collections. (a) The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount of Shared Principal Collections allocable to Series 20012000-D E on any Transfer Date shall be applied as an Available Investor Principal Collection pursuant to Section 4.06 4.09 and pursuant to such Section 4.06 4.09 shall be paid on such Transfer Date deposited in the Distribution Account or distributed to the Certificate RepresentativeCollateral Interest in accordance with subsection 5.01(c).
(b) Shared Principal Collections allocable to Series 20012000-D E with respect to any Transfer Date shall mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 20012000-D E for such Transfer Date; provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to 40 Series 20012000-D E on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 20012000-D E for such Transfer Date and the denominator of which is the aggregate amount of Cumulative Series Principal Shortfall for all Series in Group One for such Transfer Date.
(c) Solely for the purpose of determining the amount of Available Investor Principal Collections to be treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination Date, the Servicer shall determine the amount of Shared Class A Required Amount, Class B Required Amount, Excess Spread and Reallocated Principal Collections with respect to Series 2001-D as of such Determination Date for the following Transfer Date.
Appears in 1 contract
Sources: Amended and Restated Series 2000 E Supplement (BA Credit Card Funding, LLC)