Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2006-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the Issuer.
Appears in 1 contract
Samples: Ge Dealer (CDF Funding, Inc.)
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2006-2 4 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to 2006-4 Indenture Supplement other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the IssuerIssuer (and distributed by the Issuer to the Transferor or its assigns).
Appears in 1 contract
Samples: Ge Dealer (CDF Funding, Inc.)
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 20062007-2 1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to 13 2007-1 Indenture Supplement other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the IssuerIssuer (and distributed by the Issuer to the Transferor or its assigns).
Appears in 1 contract
Samples: CDF Funding, Inc.
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2006-2 3 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the IssuerIssuer (and distributed by the Issuer to the Transferor or its assigns).
Appears in 1 contract
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2006-2 1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to 13 2006-1 Indenture Supplement other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the IssuerIssuer (and distributed by the Issuer to the Transferor or its assigns).
Appears in 1 contract
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 20062007-2 1 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 20062007-2 1 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the Issuer.
Appears in 1 contract
Samples: Ge Dealer (CDF Funding, Inc.)
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2006-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the IssuerIssuer (and distributed by the Issuer to the Transferor or its assigns).
Appears in 1 contract
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 2006-2 4 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 4 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the Issuer.
Appears in 1 contract
Samples: Ge Dealer (CDF Funding, Inc.)
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 20062007-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 20062007-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the Issuer.
Appears in 1 contract
Samples: Ge Dealer (CDF Funding, Inc.)
Allocations During the Early Amortization Period. During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the Series 20062007-2 Noteholders and transferred to the Principal Account until applied as provided herein; provided, that after the date on which an amount of such Principal Collections equal to the Monthly Principal has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Payment Date, and second, deposited in the Excess Funding Account to the extent necessary so that Amended and Restated 2006-2 Indenture Supplement the Free Equity Amount is not less than the Minimum Free Equity Amount, and third, shall be released to the IssuerIssuer (and distributed by the Issuer to the Transferor or its assigns).
Appears in 1 contract
Samples: CDF Funding, Inc.