Adjustment Payment Shortfalls. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the remaining Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account and then, on each Reserve Application Date, from the Investor Reserve Account, to the extent of any Available Series 1995-1 Finance Charge Collec- tions remaining after giving effect to the withdraw- als pursuant to subsections 4.9(a)(i) through (vi), an amount equal to the lesser of (x) any such re- maining Available Series 1995-1 Finance Charge Collections and (y) an amount equal to the Series Allocation Percentage of any Adjustment Payment which the Transferor is required but fails to make pursuant to subsection 3.8(a) of the Agreement, such amount, (i) during the Revolving Period (except for any portion of the Revolving Period during a Class A Paydown Period), to be treated as Shared Principal Collections, (ii) during the Amortization Period or the Class A Pay Down Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholder on the next Distri- bution Date, (iii) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A In- vested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account for payment to the Class B Certificateholders on the next Distribution Date, (iv) during the Amortization Period on and after the day on which such deposit to the Principal Account with respect to the Class B Invested Amount has been made on and prior to the day on which an amount equal to the Class C Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class C Certificateholders on the next Distribu- tion Date and (v) on and after the day such deposit to the Principal Account with respect to Class C Invested Amount has been made, to be paid to the Class D Certificateholders.
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Adjustment Payment Shortfalls. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the remaining Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account and then, on each Reserve Application Date, from the Investor Reserve Account, to the extent of any Available Series 19951998-1 Finance Charge Collec- tions Collections remaining after giving effect to the withdraw- als withdrawals pursuant to subsections 4.9(a)(i) through (viv), an amount equal to the lesser of (x) any such re- maining remaining Available Series 19951998-1 Finance Charge Collections and (y) an amount equal to the Series Allocation 1998-1 Percentage of any Adjustment Payment which the Transferor is required but fails to make pursuant to subsection 3.8(a) of the Agreement, such amount, (i) during the Revolving Period (except for any portion of the Revolving Period during a Class A Paydown Period), to be treated as Shared Principal Collections, (ii) during the Amortization Period or the Class A Pay Down Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholder Securityholder on the next Distri- bution Distribution Date, (iii) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A In- vested Invested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account for payment to the Class B Certificateholders Securityholders on the next Distribution Date, (iv) during the Amortization Period on and after the day on which such deposit to the Principal Account with respect to the Class B Invested Amount has been made on and prior to the day on which an amount equal to the Class C CTO Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class C Certificateholders CTO Securityholders on the next Distribu- tion Distribution Date and (v) on and after the day such deposit to the Principal Account with respect to Class C CTO Invested Amount has been made, to be paid to the Class D CertificateholdersSecurityholders.
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Samples: Pooling and Servicing Agreement (Metris Companies Inc)
Adjustment Payment Shortfalls. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the remaining Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account and then, on each Reserve Application Date, from the Investor Reserve Account, to the extent of any Available Series 1995-1 Finance Charge Collec- tions remaining after giving effect to the withdraw- als pursuant to subsections 4.9(a)(i) through (vi)apply, an amount equal to the lesser of (x) any such re- maining Available Series 19951998-1 3 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (v) and (y) an amount equal to the Series Allocation 1998- 3 Percentage of any Adjustment Payment which the Transferor is required but fails to make pursuant to subsection 3.8(a) of the Agreement, such amount, (iA) during the Revolving Period (except for any portion of the Revolving Period during a Class A Paydown Period), to be treated as Shared Principal Collections, Collections during the Revolving Period and (iiB) to be treated as Available Series 1998-3 Principal Collections during the Amortization Period or the Period. Reimbursement of Class A Pay Down Period on and prior to Charge-Offs. On each Business Day, the day on which Trustee, acting in accordance with instructions from the Servicer, shall apply, an amount equal to the lesser of (x) any Available Series 1998-3 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (vi) and (y) the unreimbursed Class A Invested Amount is deposited in the Principal AccountCharge-Offs, if any; such amount will be applied to be deposited in the Principal Account for distribution to the reimburse Class A Certificateholder on Charge-Offs, and will be treated as Shared Principal Collections during the next Distri- bution DateRevolving Period, (iii) and will be treated as Available Series 1998-3 Principal Collections during the Amortization Period. Reimbursement of Class B Charge-Offs. On each Business Day, on and after the day on which such deposit to Trustee, acting in accordance with instructions from the Principal Account with respect to the Class A In- vested Amount has been made and on and prior to the day on which Servicer, shall apply, an amount equal to the Class B Invested Amount is deposited in the Principal Account for payment lesser of (x) any Available Series 1998-3 Finance Charge Collections remaining after giving effect to the Class B Certificateholders on applications pursuant to subsections 4.9(a)(i) through (vii) and (y) the next Distribution Date, (iv) during the Amortization Period on and after the day on unreimbursed amount by which such deposit to the Principal Account with respect to the Class B Invested Amount has been made reduced on prior Business Days pursuant to clauses (c) and prior (d) of the definition of Class B Invested Amount, if any, such amount, (i) to be treated as Shared Principal Collections during the day on which Revolving Period, and (ii) to be treated as Available Series 1998- 3 Principal Collections during the Amortization Period. Reimbursement of Class C Charge-Offs. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall apply, an amount equal to the Class C Invested Amount is deposited lesser of (x) the sum of (A) any Available Series 1998-3 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (viii) and (B) any amounts on deposit in the Principal Account, to be deposited in the Principal Account for payment to the Class C Certificateholders on Reserve Account to the next Distribu- tion Date extent of the aggregate amount of Class C Charge-Offs resulting from unpaid Adjustment Payments, if any, and (vy) on and after the day such deposit to unreimbursed amount by which the Principal Account with respect to Class C Invested Amount has been madereduced on prior Business Days pursuant to clauses (c) and (d) of the definition of Class C Invested Amount, if any, such amount, (i) to be paid treated as Shared Principal Collections during the Revolving Period, and (ii) to be treated as Available Series 1998- 3 Principal Collections during the Amortization Period. Reimbursement of Class D Charge-Offs. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall apply an amount equal to the lesser of (x) any Available Series 1998-3 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (ix) and (y) the unreimbursed amount by which the Class D CertificateholdersInvested Amount has been reduced on prior Business Days pursuant to clauses (d) and (e) of the definition of Class D Invested Amount, if any, such amount (A) to be treated as Shared Principal Collections during the Revolving Period and (B) to be treated as Available Series 1998-3 Principal Collections during the Amortization Period.
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Samples: Pooling and Servicing Agreement (Federated Department Stores Inc /De/)
Adjustment Payment Shortfalls. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the remaining Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account and then, on each Reserve Application Date, from the Investor Reserve Account, to the extent of any Available Series 19951997-1 Finance Charge Collec- tions Imputed Yield Collections remaining after giving effect to the withdraw- als withdrawals pursuant to subsections 4.9(a)(i) through (vi)iv) of the Agreement, an amount equal to the lesser of (x) any such re- maining remaining Available Series 19951997-1 Finance Charge Imputed Yield Collections and (y) an amount equal to the Series Allocation Percentage of any Adjustment Payment which the Transferor is required but fails to make pursuant to subsection 3.8(a) of the Agreement, such amount, (i) during the Revolving Period (except for any portion of the Revolving Period during a Class A Paydown Period), to be treated as Shared Principal Collections, (ii) during the Amortization Period or the Class A Pay Down Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholder Certificateholders on the next Distri- bution Distribution Date, (iii) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A In- vested Invested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account for payment to the Class B Certificateholders on the next related Distribution Date, Date and (iv) during the Amortization Period Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount and Class B Invested Investment Amount has been made and on and prior to the day on which an amount equal to the Class C Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class C Certificateholders on the next Distribu- tion Date and (v) on and after the day such deposit to the Principal Account with respect to Class C Invested Amount has been made, to be paid to the Class D Certificateholdersrelated Distribution Date.
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Samples: Amended and Restated Series 1997 1 Supplement (Fingerhut Companies Inc)