Common use of Allocations among Principal Funding Sub-Accounts Clause in Contracts

Allocations among Principal Funding Sub-Accounts. Subject to the restrictions of Section 3.17, the aggregate amount of the deposits to be made to the Principal Funding Sub-Accounts for each Tranche of CHASEseries Notes pursuant to Section 3.12 for each Monthly Period will be allocated, and a portion deposited in the Principal Funding Sub-Account for each Tranche of CHASEseries Notes, as follows: (a) CHASEseries Available Principal Collections Equal to Targeted Amount. Subject to clause (c) below, if CHASEseries Available Principal Collections remaining after giving effect to subsections 3.09(a) through (d) are equal to or greater than the aggregate amount of CHASEseries Available Principal Collections targeted to be deposited into the Principal Funding Sub-Accounts for all Tranches of CHASEseries Notes pursuant to Section 3.12, then that targeted amount will be deposited in the Principal Funding Sub-Account established for each Tranche of CHASEseries Notes. (b) CHASEseries Available Principal Collections Are Less Than Targeted Amounts. Subject to clause (c) below, if CHASEseries Available Principal Collections remaining after giving effect to subsections 3.09(a) through (d) are less than the aggregate amount targeted to be deposited into the Principal Funding Sub-Accounts for all Tranches of CHASEseries Notes pursuant to Section 3.12, then remaining CHASEseries Available Principal Collections will be deposited in the Principal Funding Sub-Account established for each Tranche of CHASEseries Notes in the following priority: (i) first, the amount available will be allocated to the Class A Notes pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class A Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class A Notes pursuant to Section 3.12; (ii) second, the amount available after the application in clause (i) above will be allocated to the Class B Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class B Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class B Notes pursuant to Section 3.12; and (iii) third, the amount available after the applications in clauses (i) and (ii) above will be allocated to the Class C Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class C Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class C Notes pursuant to Section 3.12.

Allocations among Principal Funding Sub-Accounts. Subject to the restrictions of Section 3.17, the aggregate amount of the deposits to be made to the Principal Funding Sub-Accounts for each Tranche of CHASEseries Notes pursuant to Section 3.12 for each Monthly Period will be allocated, and a portion deposited in the Principal Funding Sub-Account for each Tranche of CHASEseries Notes, as follows: (a) CHASEseries Available Principal Collections Equal to Targeted Amount. Subject to clause (c) below, if CHASEseries Available Principal Collections remaining after giving effect to subsections 3.09(a) through (d) are equal to or greater than the aggregate amount of CHASEseries Available Principal Collections targeted to be deposited into the Principal Funding Sub-Accounts for all Tranches of CHASEseries Notes pursuant to Section 3.12, then that targeted amount will be deposited in the Principal Funding Sub-Account established for each Tranche of CHASEseries Notes. (b) CHASEseries Available Principal Collections Are Less Than Targeted Amounts. Subject to clause (c) below, if CHASEseries Available Principal Collections remaining after giving effect to subsections 3.09(a) through (d) are less than the aggregate amount targeted to be deposited into the Principal Funding Sub-Sub- Accounts for all Tranches of CHASEseries Notes pursuant to Section 3.12, then remaining CHASEseries Available Principal Collections will be deposited in the Principal Funding Sub-Account established for each Tranche of CHASEseries Notes in the following priority: (i) first, the amount available will be allocated to the Class A Notes pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class A Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class A Notes pursuant to Section 3.12; (ii) second, the amount available after the application in clause (i) above will be allocated to the Class B Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Sub- Account for such Tranche of Class B Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Sub- Account for all Tranches of Class B Notes pursuant to Section 3.12; and (iii) third, the amount available after the applications in clauses (i) and (ii) above will be allocated to the Class C Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class C Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Sub- Account for all Tranches of Class C Notes pursuant to Section 3.12.

Allocations among Principal Funding Sub-Accounts. Subject to the restrictions of Section 3.17, the The ------------------------------------------------ aggregate amount of the deposits to be made to the Principal Funding Sub-Accounts Account for each Tranche class of CHASEseries Series [____] Notes pursuant to Section 3.12 3.10 for each Monthly ------------ Period will be allocated, and a portion deposited in the Principal Funding Sub-sub- Account for each Tranche class of CHASEseries Series [____] Notes, as follows: (a) CHASEseries Series [_____] Available Principal Collections Amounts Equal to Targeted Amount. Subject to clause (c) below, if CHASEseries ------------------------------------------------------------------- If Series [____] Available Principal Collections remaining after giving effect to subsections 3.09(a) through (d) Amounts are equal to or greater than the aggregate amount of CHASEseries Series [____] Available Principal Collections Amounts targeted to be deposited into the Principal Funding Sub-Accounts Account for all Tranches classes of CHASEseries Series [____] Notes pursuant to Section 3.123.10, then that targeted amount will be deposited in the Principal ------------ Funding Subsub-Account established for each Tranche of CHASEseries Notesclass. (b) CHASEseries Series [_____] Available Principal Collections Amounts Are Less Than Targeted ----------------------------------------------------------------- Amounts. Subject to clause (c) below, if CHASEseries If Series [____] Available Principal Collections remaining after giving effect to subsections 3.09(a) through (d) Amounts are less than the sum of ------- the aggregate amount of Series [____] Available Principal Amounts targeted to be deposited into the Principal Funding Sub-Accounts Account for all Tranches classes of CHASEseries Series [____] Notes pursuant to Section 3.123.10, then remaining CHASEseries Available Principal Collections the amount available will be deposited in ------------ the Principal Funding Sub-Account sub -Account established for each Tranche of CHASEseries Notes class in the following priority: (i) first, the amount available will be allocated to the Class A Notes pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class A Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class A Notes pursuant to Section 3.12notes; (ii) second, the amount available after the application in clause (i) above will be allocated to the Class B Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class B Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class B Notes pursuant to Section 3.12notes; and (iii) third, the amount available after the applications application in clauses (i) and (ii) above will be allocated to the Class C Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class C Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class C Notes pursuant to Section 3.12notes.