Common use of Variable Funding Mechanics Clause in Contracts

Variable Funding Mechanics. Section 4.1 Variable Funding Mechanics 17 Section 4.2 Maximum Principal Balances 19 ARTICLE V. RIGHTS OF SERIES 2009-VFN NOTEHOLDERS AND ALLOCATION AND APPLICATION OF COLLECTIONS Section 5.1 Collections and Allocations 19 Section 5.2 Determination of Monthly Interest 21 Section 5.3 Determination of Class A Monthly Principal, Class M Monthly Principal and Class B Monthly Principal 23 Section 5.4 Application of Available Finance Charge Collections and Available Principal Collections 25 Section 5.5 Investor Charge-Offs 27 Section 5.6 Reallocated Principal Collections 27 Section 5.7 Excess Finance Charge Collections 28 Section 5.8 Shared Principal Collections 28 Section 5.9 Certain Series Accounts 28 Section 5.10 Cash Collateral Account 29 Section 5.11 Spread Account 31 Section 5.12 Investment Instructions 33 Section 5.13 Determination of LIBOR 33 ARTICLE VI. DELIVERY OF SERIES 2009-VFN NOTES; DISTRIBUTIONS; REPORTS TO SERIES 2009-VFN NOTEHOLDERS Section 6.1 Delivery and Payment for the Series 2009-VFN Notes 34 Section 6.2 Distributions 34 Section 6.3 Reports and Statements to Series 2009-VFN Noteholders 35 ARTICLE VII. SERIES 2009-VFN EARLY AMORTIZATION EVENTS Section 7.1 Series 2009-VFN Early Amortization Events 35 ARTICLE VIII. REDEMPTION OF SERIES 2009-VFN NOTES; SERIES TERMINATION Section 8.1 Optional Redemption of Series 2009-VFN Notes; Final Distributions 38 Section 8.2 Series Termination 39

Variable Funding Mechanics. Section 4.1 Variable Funding Mechanics 17 18 Section 4.2 Maximum Principal Balances 19 21 ARTICLE V. RIGHTS OF SERIES 2009-VFN NOTEHOLDERS AND ALLOCATION AND APPLICATION OF COLLECTIONS Section 5.1 Collections and Allocations 19 21 Section 5.2 Determination of Monthly Interest 21 24 Section 5.3 Determination of Class A Monthly Principal, Class M Monthly Principal and Class B Monthly Principal 23 27 Section 5.4 Application of Available Finance Charge Collections and Available Principal Collections 25 28 Section 5.5 Investor Charge-Offs 27 31 Section 5.6 Reallocated Principal Collections 27 31 Section 5.7 Excess Finance Charge Collections 28 32 Section 5.8 Shared Principal Collections 28 32 Section 5.9 Certain Series Accounts 28 32 Section 5.10 Cash Collateral Account 29 33 Section 5.11 Spread Account 31 35 Section 5.12 Investment Instructions 33 37 Section 5.13 Determination of LIBOR 33 37 ARTICLE VI. DELIVERY OF SERIES 2009-VFN NOTES; DISTRIBUTIONS; REPORTS TO SERIES 2009-VFN NOTEHOLDERS Section 6.1 Delivery and Payment for the Series 2009-VFN Notes 34 38 Section 6.2 Distributions 34 38 Section 6.3 Reports and Statements to Series 2009-VFN Noteholders 35 39 ARTICLE VII. SERIES 2009-VFN EARLY AMORTIZATION EVENTS Section 7.1 Series 2009-VFN Early Amortization Events 35 39 ARTICLE VIII. REDEMPTION OF SERIES 2009-VFN NOTES; SERIES TERMINATION Section 8.1 Optional Redemption of Series 2009-VFN Notes; Final Distributions 38 43 Section 8.2 Series Termination 3944