Shared Excess Available Principal Collections definition
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series 2017-1, the amount of Series 2017-1 Available Principal Collections, less any amount released and used to purchase Receivables under Section 4.01(f), for such Monthly Period available after application in accordance with Sections 4.05(b)(i) through (iii) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group One, the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series 2022-1, the amount of Series 2022-1 Available Principal Collections specified to be treated as “Shared Excess Available Principal Collections” pursuant to Sections 4.05(a) and 4.05(b)(iv) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group One, the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections has, with respect to any Series of Notes, the meaning specified in the applicable Indenture Supplement for such Series of Notes.
Examples of Shared Excess Available Principal Collections in a sentence
Certain excess Principal Collections allocated to any Series of Notes in a Shared Excess Available Principal Collections Group may be redistributed to cover Series Available Principal Collections Shortfalls incurred by other Series of Notes belonging to the same Shared Excess Available Principal Collections Group to the extent and as specified in the related Indenture Supplement.
Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group One.
On each Determination Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Asset Pool One Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.
Amounts on deposit in the Excess Funding Account shall be treated as Shared Excess Available Principal Collections and, to the extent required, allocated to each Series of Asset Pool One Notes in accordance with the applicable Indenture Supplement.
On each First Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.
More Definitions of Shared Excess Available Principal Collections
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series [•], the amount of Series [•] Available Principal Collections, less any amount released and used to purchase Receivables under Section 4.01(f), for such Monthly Period available after application in accordance with Sections 4.05(b)(i) through (iii) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group [•], the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections has, with respect to any Series of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes.
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series 2014-4, the amount of Series 2014-4 Available Principal Collections, less any amount released and used to purchase Receivables under Section 4.01(f), for such Monthly Period available after application in accordance with Sections 4.05(b)(i) through (iii) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group One, the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Determination Date, the sum of (i) with respect to the CHASEseries, the amount of CHASEseries Available Principal Collections (excluding any amounts to be applied pursuant to Sections 3.28 and 3.29) for such Monthly Period available after application in accordance with subsections 3.09(a) through (e), (ii) with respect to any other Series of Asset Pool One Notes, the Asset Pool One Principal Collections allocated to other Series of Notes in Asset Pool One remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” and (iii) the Excess Funding Amount for Asset Pool One (following any deposit or withdrawal made during such Monthly Period).
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Determination Date, the sum of (i) with respect to the ONEseries, the amount of ONEseries Available Principal Collections (excluding any amounts to be treated as ONEseries Available Principal Collections pursuant to Section 3.28 and any amounts applied pursuant to Section 3.29) for such Monthly Period available after application in accordance with subsections 3.09(a) through (e), (ii) with respect to any other Series of Asset Pool One Notes, the Asset Pool One Principal Collections allocated to other Series of Notes in Asset Pool One remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as "Shared Excess Available Principal Collections" and (iii) the Excess Funding Amount for Asset Pool One (following any deposit or withdrawal made during such Monthly Period).
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series 2008-2, the amount of Series 2008-2 Available Principal Collections for such Monthly Period available after application in accordance with subsections 4.06(b)(i) through (iv) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group B, the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Determination Date, the sum of (i) with