Common use of Allocation of Reinstatements Clause in Contracts

Allocation of Reinstatements. The Reinstatement Amount for any Payment Date specified in SECTION 3.03(c) shall be applied as follows: (i) first, if the Class A Nominal Liquidation Amount has been reduced as described in SECTION 3.03(b) above and is not fully reinstated, to the Class A Nominal Liquidation Amount until such allocation equals the excess of (A) the Class A Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ Principal Funding Account on that Payment Date allocable to the Class A Notes; (ii) second, if the Class B Nominal Liquidation Amount of the Class B Notes has been reduced as described in SECTION 3.03(b) above and is not fully reinstated, to the Class B Nominal Liquidation Amount until such allocation equals the excess of (A) the Class B Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ Principal Funding Account on that Payment Date allocable to the Class B Notes; and (iii) third, to the Series 200_-_ Overcollateralization Amount until the Series 200_-_ Overcollateralization Amount equals the Series 200_-__ Target Overcollateralization Amount.

Allocation of Reinstatements. The Reinstatement Amount for any Payment Transfer Date specified in SECTION Section 3.03(c) shall be applied as follows: (i) first, if the Class A Nominal Liquidation Amount has been reduced as described in SECTION Section 3.03(b) above and is not fully reinstated, to the Class A Nominal Liquidation Amount until such allocation equals the excess of (A) the Class A Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ 2005-1 Principal Funding Account on that Payment Transfer Date allocable to the Class A Notes; (ii) second, if the Class B Nominal Liquidation Amount of the Class B Notes has been reduced as described in SECTION Section 3.03(b) above and is not fully reinstated, to the Class B Nominal Liquidation Amount until such allocation equals the excess of (A) the Class B Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ 2005-1 Principal Funding Account on that Payment Transfer Date allocable to the Class B Notes; and (iii) third, to the Series 200_-_ 2005-1 Overcollateralization Amount until the Series 200_-_ 2005-1 Overcollateralization Amount equals the Series 200_-__ 2005-1 Target Overcollateralization Amount. In addition, the Series 2005-1 Nominal Liquidation Amount will be increased in the reverse order in which it was reduced by deposits into the Series 2005-1 Principal Funding Account by the amount of funds withdrawn from the Series 2005-1 Principal Funding Account and which is deemed to be Excess Available Principal Amounts since the prior date in which the Series 2005-1 Collateral Amount was calculated.

Allocation of Reinstatements. The Reinstatement Amount for any Payment Transfer Date specified in SECTION Section 3.03(c) shall be applied as follows: (i) first, if the Class A Nominal Liquidation Amount has been reduced as described in SECTION Section 3.03(b) above and is not fully reinstated, to the Class A Nominal Liquidation Amount until such allocation equals the excess of (A) the Class A Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ 2004-1 Principal Funding Account on that Payment Transfer Date allocable to the Class A Notes; (ii) second, if the Class B Nominal Liquidation Amount of the Class B Notes has been reduced as described in SECTION Section 3.03(b) above and is not fully reinstated, to the Class B Nominal Liquidation Amount until such allocation equals the excess of (A) the Class B Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ 2004-1 Principal Funding Account on that Payment Transfer Date allocable to the Class B Notes; and (iii) third, to the Series 200_-_ 2004-1 Overcollateralization Amount until the Series 200_-_ 2004-1 Overcollateralization Amount equals the Series 200_-__ 2004-1 Target Overcollateralization Amount.

Allocation of Reinstatements. The Reinstatement Amount for any Payment Transfer Date specified in SECTION Section 3.03(c) shall be applied as follows: (i) first, if the Class A Nominal Liquidation Amount has been reduced as described in SECTION Section 3.03(b) above and is not fully reinstated, to the Class A Nominal Liquidation Amount until such allocation the Class A Nominal Liquidation Amount equals the excess of (A) the Class A Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ 2009-1 Principal Funding Account on that Payment Transfer Date allocable to the Class A Notes; (ii) second, if the Class B Nominal Liquidation Amount of the Class B Notes has been reduced as described in SECTION Section 3.03(b) above and is not fully reinstated, to the Class B Nominal Liquidation Amount until such allocation the Class B Nominal Liquidation Amount equals the excess of (A) the Class B Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 200_-_ 2009-1 Principal Funding Account on that Payment Transfer Date allocable to the Class B Notes; and; (iii) third, if the Class C Nominal Liquidation Amount has been reduced as described in Section 3.03(b) above and is not fully reinstated, to the Class C Nominal Liquidation Amount until the Class C Nominal Liquidation Amount equals the excess of (A) the Class C Outstanding Principal Amount, over (B) the amount on deposit (other than investment earnings) in the Series 2009-1 Principal Funding Account on that Transfer Date allocable to the Class C Notes; and (iv) fourth, to the Series 200_-_ 2009-1 Overcollateralization Amount until the Series 200_-_ 2009-1 Overcollateralization Amount equals the Series 200_-__ 2009-1 Target Overcollateralization Amount. In addition, the Series 2009-1 Nominal Liquidation Amount will be increased in the reverse order in which it was reduced by deposits into the Series 2009-1 Principal Funding Account by the amount of funds withdrawn from the Series 2009-1 Principal Funding Account and deemed to be Excess Available Principal Amounts since the prior date in which the Series 2009-1 Collateral Amount was calculated.