ALLOCATIONS, DEPOSITS AND PAYMENTS. SECTION 3.01. Allocations of Series [o] Available Interest Amount. On each Payment Date, the Indenture Trustee will apply the Series [o] Available Interest Amount as follows:
(a) first, if neither DCS nor any of its Affiliates is the Servicer, to pay the Series [o] Servicing Fee, plus any previously due and unpaid Series [o] Servicing Fee (to the extent it has not been waived by the Servicer for such Payment Date) to the Servicer;
(b) second, to deposit to the Interest Funding Account an amount equal to (i) the product of (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Series [o] Note Interest Rate applicable to the related Interest Period, times (C) the Outstanding Dollar Principal Amount of the Series [o] Notes determined as of the Record Date preceding the related Payment Date (the "Series [o] Monthly Interest"), plus (ii) an amount equal to the excess, if any, of the aggregate amount accrued pursuant to this Section 3.01(b) as of prior Interest Periods over the aggregate amount of interest paid to the Series [o] Noteholders pursuant to this Section 3.01(b) in respect of such prior Interest Periods, together with interest at the Series [o] Note Interest Rate on such delinquent amount, to the extent permitted by applicable law;
(c) third, if DCS or any of its Affiliates is the Servicer, to pay the Series [o] Servicing Fee plus any previously due and unpaid Series [o] Servicing Fee (to the extent it has not been waived by the Servicer for such Payment Date) to the Servicer;
(d) fourth, to be treated as part of the Series [o] Available Principal Amount for application in accordance with Section 3.05 in an amount equal to the Series [o] Investor Default Amount, if any, for the preceding Monthly Period;
(e) fifth, to be treated as part of the Series [o] Available Principal Amount for application in accordance with Section 3.05 in an amount equal to the sum of (x) the Nominal Liquidation Amount Deficit, if any, and (y) the Overcollateralization Amount Deficit, if any;
(f) sixth, to pay to the Servicer any previously due and unpaid Series [o] Servicing Fee that had been waived by the Servicer in its sole discretion, with the remaining Series [o] Available Interest Amount to be treated as Shared Excess Available Interest Amount for application in accordance with Section 3.17; and
(g) seventh, to the Issuer for distribution in respect of the Seller's Certificate...
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01. Allocations of Series 2003-A Available Interest Amount...
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501. Allocations of Available Interest Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes its portion of the Available Interest Amount received on the Payment Date related to such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such series times (ii) the Available Interest Amount for such Monthly Period. Section 502. Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes its portion of the Available Principal Amount received on the Payment Date related to such Monthly Period in an amount equal to the product of (i) the Series Principal Allocation Percentage for such series times (ii) the Available Principal Amount for such Monthly Period.
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01.
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01. Allocations of Series 2005-C Available Interest Amount..................................12
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01. Allocations of Series 2003-A Available Interest Amount.................................. 10 Section 3.02. Amounts to be Treated as Series 2003-A Available Interest Amount; Other Deposits to the Interest Funding Account................................................ 11 Section 3.03. Allocations of Reductions from Investor Charge-Offs to the Overcollateralization Amount and the Nominal Liquidation Amount of the Series 2003-A Notes.................... 12 Section 3.04. Allocations of Reimbursements of Nominal Liquidation Amount Deficit and Overcollateralization Amount Deficit.................................................... 12 Section 3.05. Application of Series 2003-A Available Principal Amount................................. 13
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501.
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 3.01 Series 2005-1 Available Interest Amounts
ALLOCATIONS, DEPOSITS AND PAYMENTS. Allocations of Series 2005-[-] Finance Charge Amounts.................................... 13 Section 3.02. Determination of Monthly Interest........................................................ 14 Section 3.03. Amounts to be Treated as Series 2005-[-] Finance Charge Amounts; Other Deposits to the Collection Account....................................................... 15 Section 3.04. Allocations of Reductions from Investor Charge-Offs to the Nominal Liquidation Amount due to Investor Charge-Offs....................................................... 16 Section 3.05. Allocations of Reimbursements of Nominal Liquidation Amount Deficits..................... 16 Section 3.06. Application of Series 2005-[-] Available Principal Amounts............................... 17 Section 3.07. Computation of Reductions to the Nominal Liquidation Amount from Reallocations of Series 2005-[-] Available Principal Amounts........................................... 18 Section 3.08. Targeted Deposits of Series 2005-[-] Available Principal Amounts to the Principal Funding Account................................................................ 18 Section 3.09. Amounts to be Treated as Series 2005-[-] Available Principal Amounts; Other Deposits to the Principal Funding Account................................................ 18 Section 3.10. Withdrawals from Principal Funding Account............................................... 19 Section 3.11. Calculation of Nominal Liquidation Amount................................................ 20 Section 3.12. Sale of Receivables...................................................................... 20 Section 3.13. Targeted Deposits to the Spread Account.................................................. 22 Section 3.14. Withdrawals from the Spread Account...................................................... 23 Section 3.15. Targeted Deposits to the Reserve Account................................................. 23 Section 3.16. Withdrawals from the Reserve Account..................................................... 23 TABLE OF CONTENTS (CONTINUED)
ALLOCATIONS, DEPOSITS AND PAYMENTS. Section 501. Allocations of Finance Charge Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes an amount equal to the product of (x) the Weighted Average Floating Allocation Percentage for such Series of Notes for such Monthly Period and (y) the amount distributed pursuant to Section 4.02(a) of the Series 2005-CC Supplement on the Distribution Date following such Monthly Period. Section 502. Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee will allocate all Available Principal Amounts to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to its Monthly Principal Payment; provided, however, that in the event that Available Principal Amounts for any Monthly Period are less than the aggregate Monthly Principal Payments for all series of Notes, Available Principal Amounts will be allocated to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to the lesser of (a) the sum of the Daily Principal Amounts for each day during such Monthly Period for such series of Notes and (b) the Monthly Principal Payment for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement; provided further, however, that any excess Available Principal Amounts identified in the application of clause (a) of the preceding proviso, or in the application of this proviso, will be allocated to each series of Notes which has not been allocated sufficient Available Principal Amounts to cover its full Monthly Principal Payment up to the amount of such insufficiency pro rata based on the Weighted Average Principal Allocation Percentage for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement.
