Common use of Allocation for Series Clause in Contracts

Allocation for Series. On each Business Day, (i) the amount of Imputed Yield Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Imputed Yield Collections by the Floating Allocation Percentage for such Series, (ii) the amount of Principal Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Principal Collections by (x) during the Revolving Period for a Series, the Floating Allocation Percentage for such Series and (y) during any Amortization Period for a Series, the Fixed/Floating Allocation Percentage for such Series, and (iii) the Defaulted Receivables allocable to each Series shall be determined by multiplying the aggregate amount of such Defaulted Receivables by the Floating Allocation Percentage for such Series. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, cause the Trustee to withdraw the required amounts from the Collection Account and cause the Trustee to deposit such amounts into the applicable Principal Account, the applicable Interest Funding Account, the Excess Funding Account, or any Series Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of this Article IV.

Allocation for Series. On each Business Day, (i) the amount of Imputed Yield --------------------- Interest Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Imputed Yield Interest Collections by the Floating Allocation Percentage for such Series, (ii) the amount of Principal Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Principal Collections by (x) during the Revolving Period for a Series, the Floating Allocation Percentage for such Series and (y) during any Amortization Period for a Series, the Fixed/Floating Allocation Percentage for such Series, and (iii) the Defaulted Receivables allocable to each Series shall be determined by multiplying the aggregate amount of such Defaulted Receivables by the Floating Allocation Percentage for such Series. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, cause the Trustee to withdraw the required amounts from the Collection Account and cause the Trustee to deposit such amounts into the applicable Principal Account, the applicable Interest Funding Account, the Excess Funding Account, or any Series Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of this Article IV.

Allocation for Series. On each Business Day, (i) the amount of Imputed Yield Finance Charge Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Imputed Yield Finance Charge Collections by the Floating Allocation Percentage for such Series, (ii) the amount of Principal Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Principal Collections by (x) during the Revolving Period for a Series, the Floating Allocation Percentage for such Series and (y) during any Amortization Period for a Series, the Fixed/Floating Fixed Allocation Percentage for such Series, and (iii) the Receivables in Defaulted Receivables Accounts allocable to each Series shall be determined by multiplying the aggregate amount of such Receivables in Defaulted Receivables Accounts by the Floating Allocation Percentage for such Series. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, cause the Trustee to withdraw the required amounts from the Collection Account and cause the Trustee to deposit such amounts into the applicable Principal Account, the applicable Interest Funding Account, the Excess Funding Equalization Account, or any Series Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of this Article IV.

Allocation for Series. On Throughout the existence of the Trust, unless otherwise stated in any Supplement, with respect to each Business Day, (i) the amount of Imputed Yield Collections available which are deposited in the Collection Account with respect to such Business Day and which are allocable to each Series shall be determined by multiplying the aggregate amount of such Imputed Yield Collections by the Floating Allocation Percentage for such Series, (ii) the amount of Principal Collections available which are deposited in the Collection Account with respect to such Business Day and which are allocable to each Series shall be determined by multiplying the aggregate amount of such Principal Collections by (xA) during the Revolving Period for a Series, the Floating Allocation Percentage for such Series and (yB) during any Amortization Period for a Series, the Fixed/Floating Allocation Percentage for such Series, and (iii) the aggregate Default Amount with respect to all Defaulted Receivables for such Business Day which are allocable to each Series shall be determined by multiplying the such aggregate amount of such Defaulted Receivables Default Amount by the Floating Allocation Percentage for such Series, (iv) the Dilutions, if any, allocable to each Series shall be determined in the manner stated in the related Supplement and (v) Adjustment Payment Shortfalls, if any, shall be allocated among Series based on the Series Allocation Percentage. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, cause the Trustee to withdraw the required amounts from the Collection Account and cause the Trustee to deposit such amounts into the applicable Principal Account, the applicable Interest Funding Account, the Excess Funding Account, Account or any Series Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of this Article IV.

Allocation for Series. On each Business Day, (i) the amount of Imputed Yield Interest Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Imputed Yield Interest Collections by the Floating Allocation Percentage for such Series, (ii) the amount of Principal Collections available in the Collection Account allocable to each Series shall be determined by multiplying the aggregate amount of such Principal Collections by (x) during the Revolving Period for a Series, the Floating Allocation Percentage for such Series and (y) during any Amortization Period for a Series, the Fixed/Floating Allocation Percentage for such Series, and (iii) the Defaulted Receivables allocable to each Series shall be determined by multiplying the aggregate amount of such Defaulted Receivables by the Floating Allocation Percentage for such Series. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, cause the Trustee to withdraw the required amounts from the Collection Account and cause the Trustee to deposit such amounts into the applicable Principal Account, the applicable Interest Funding Account, the Excess Funding Account, or any Series Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of this Article IV.Excess