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.
Appears in 2 contracts
Samples: Indenture (Daimlerchrysler Master Owner Trust), Indenture (Daimlerchrysler Wholesale Receivables LLC)
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 for 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 for 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.
Appears in 2 contracts
Samples: Indenture (Carco Auto Loan Master Trust), Indenture (Daimlerchrysler Wholesale Receivables LLC)