Common use of Allocations for the Exchangeable Seller Certificate Clause in Contracts

Allocations for the Exchangeable Seller Certificate. Throughout the --------------------------------------------------- existence of the Trust, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Holder of the Exchangeable Seller Certificate an amount equal to the product of (A) the Seller Percentage for the current Monthly Period and (B) the aggregate amount of such Collections allocated to Principal Receivables and Finance Charge Receivables, respectively. The Servicer need not deposit this amount, and other amounts so allocated to the Exchangeable Seller Certificate pursuant to any Supplement, into the Collection Account, and shall pay, or be deemed to pay, to the extent the Servicer is the holder of the Exchangeable Seller Certificate, such amounts as collected to the Holder of the Exchangeable Seller Certificate; provided, however, that such payments shall not be made to the Holder of the -------- ------- Exchangeable Seller Certificate if the Seller Interest is less than the Minimum Seller Interest or if and to the extent that such payment would cause the Seller Interest to be less than the Minimum Seller Interest but such amounts shall be treated as Shared Principal Collections.

Allocations for the Exchangeable Seller Certificate. Throughout the --------------------------------------------------- existence of the Trust, unless otherwise stated in any Supplement or any Receivables Purchase Agreement, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, shall allocate to the Holder of the Exchangeable Seller Certificate an amount equal to the sum of (i) the product of (A) the Seller Percentage for the current Monthly Period and (B) the aggregate amount of such Collections allocated to Principal Receivables and Finance Charge Receivables, respectively, in respect of each Due Period, and (ii) any additional amounts out of the Aggregate Investor/Purchaser Interest allocated to the “Seller Interest” pursuant to any Supplement or Receivables Purchase Agreement; provided that such allocation shall be subject to subsection 4.3(h). The Unless otherwise stated in any Supplement or Receivables Purchase Agreement, the Servicer need not deposit this amount, and amount or any other amounts so allocated to the Exchangeable Seller Certificate or the Deferred Originator Payments pursuant to any Supplement, Supplement or Receivables Purchase Agreement into the Collection Account, Account and shall pay, or be deemed to pay, to the extent the Servicer is the holder of the Exchangeable Seller Certificate, pay such amounts as collected to the Holder of the Exchangeable Seller CertificateCertificate or the Originator (as applicable); provided, however, that the Servicer shall be entitled to deduct from such payments shall not be made amounts and retain an amount equal to the Holder unpaid portion of the -------- ------- Exchangeable any Seller Certificate if the Seller Interest is less than the Minimum Seller Interest or if Monthly Servicing Fee then due and to the extent that such payment would cause the Seller Interest to be less than the Minimum Seller Interest but such amounts shall be treated as Shared Principal Collectionspayable.

Allocations for the Exchangeable Seller Certificate. Throughout the --------------------------------------------------- existence of the Trust, unless otherwise stated in any Supplement, on each day on which the Servicer shallallocates Collections, prior to the close of business on the day any Collections are deposited in the Collection Account, Servicer shall allocate to the Holder of the Exchangeable Seller Certificate an amount equal to the product of (A) the applicable Seller Percentage determined for the current Monthly Period such day and (B) the aggregate amount of such Collections allocated to Principal Receivables and Finance Charge ReceivablesReceivables on such day. Notwithstanding anything in this Agreement to the contrary, respectively. The unless otherwise stated in any Supplement, the Servicer need not deposit this amount, and amount or any other amounts so allocated to the Exchangeable Seller Certificate pursuant to any Supplement, Supplement into the Collection Account, Account and shall pay, or be deemed to pay, to the extent the Servicer is the holder of the Exchangeable Seller Certificate, such amounts as collected to the Holder of the Exchangeable Seller Certificate; provided, however, that such payments shall not be made to the Holder of the -------- ------- Exchangeable Seller Certificate if and to the extent that the Seller Interest Amount is less than the Minimum Seller Interest Amount or if and to the extent that such payment would cause the Seller Interest Amount to be less than the Minimum Seller Interest but Amount or to the extent such amounts are Shared Principal Collections and there are Principal Shortfalls. Amounts not distributed to the Holder of the Exchangeable Seller Certificate pursuant to this subsection 4.2(d) shall be treated allocated as Shared Principal Collectionsprovided in subsection 4.3(g).