Common use of Amounts in Excess Funding Account Clause in Contracts

Amounts in Excess Funding Account. Amounts on deposit in the Excess --------------------------------- Funding Account on any Business Day will be invested by the Seller (or, at the direction of the Seller, by the Servicer or the Trustee on behalf of the Seller) in Permitted Investments maturing on the next Business Day. Earnings from such investments received shall be deposited in the Collection Account and treated as Collections of Finance Charge Receivables. Any investment instructions to the Trustee shall be in writing and shall include a certification that the proposed investment is a Permitted Investment that matures at or prior to the date required by this Agreement. If on any Business Day the Seller Interest is greater than the Minimum Seller Interest, amounts on deposit in the Excess Funding Account shall be released to the Holder of the Exchangeable Seller Certificate. On each Business Day, amounts on deposit in the Excess Funding Account (other than investment earnings thereon) shall be allocated to each outstanding series in an Amortization Period pro rata based on the aggregate outstanding principal amount of such series on the last day of the applicable Revolving Period. [THE REMAINDER OF ARTICLE IV IS RESERVED AND SHALL BE SPECIFIED IN ANY SUPPLEMENT WITH RESPECT TO ANY SERIES]

Amounts in Excess Funding Account. Amounts on deposit in the Excess --------------------------------- Funding Account on any Business Day will be invested by the Seller Servicer (or, at the direction of the SellerTransferor, by the Servicer or the Trustee Trustee) on behalf of the Seller) Transferor in Permitted Investments maturing Cash Equivalents which shall mature and be available on or before the next Business DayDay on which amounts may be released from the Excess Funding Account. Earnings from such investments received shall be deposited in the Collection Account and treated as Collections of Finance Charge ReceivablesCollections. Any investment instructions to the Trustee shall be in writing and shall include a certification that the proposed investment is a Permitted Investment Cash Equivalent that matures at or prior to the date required by this Agreement. If on any Business Day other than a Business Day on which a Prospective Pay Out Event has occurred and is continuing, the Seller Transferor Interest is greater than the Minimum Seller Transferor Interest, amounts on deposit in the Excess Funding Account shall may, at the option of the Transferor, be released to the Holder of the Exchangeable Seller Transferor Certificate. On each the first Business DayDay of the Amortization Period for any Series, amounts funds on deposit in the Excess Funding Account will be deposited in the Principal Account for such Series to the extent of the lesser of (other than investment earnings thereonx) shall be allocated to each outstanding series in an Amortization Period pro rata based on the aggregate outstanding principal amount Invested Amount of such series Series and (y) the amount then on deposit in the last day of the applicable Revolving PeriodExcess Funding Account. [THE REMAINDER OF ARTICLE IV IS RESERVED AND SHALL BE SPECIFIED IN ANY SUPPLEMENT WITH RESPECT TO ANY SERIES]

Amounts in Excess Funding Account. Amounts on deposit in the Excess --------------------------------- Funding Account on any Business Day will be invested by the Seller Servicer (or, at the direction of the SellerTransferor, by the Servicer or the Trustee Trustee) on behalf of the Seller) Transferor in Permitted Investments maturing Cash Equivalents which shall mature and be available on or before the next Business DayDay on which amounts may be released from the Excess Funding Account. Earnings from such investments received shall be deposited in the Collection Account and treated as Collections of Finance Charge ReceivablesImputed Yield Collections. Any investment instructions to the Trustee shall be in writing and shall include a certification that the proposed investment is a Permitted Investment Cash Equivalent that matures at or prior to the date required by this Agreement. If on any Business Day other than a Business Day on which a Prospective Pay Out Event has occurred and is continuing, the Seller Transferor Interest is greater than the Minimum Seller Transferor Interest, amounts on deposit in the Excess Funding Account shall may, at the option of the Transferor, be released to the Holder of the Exchangeable Seller Transferor Certificate. On each the first Business DayDay of the Amortization Period for any Series, amounts funds on deposit in the Excess Funding Account will be deposited in the Principal Account for such Series to the extent of the lesser of (other than investment earnings thereonx) shall be allocated to each outstanding series in an Amortization Period pro rata based on the aggregate outstanding principal amount Invested Amount of such series Series and (y) the amount then on deposit in the last day of the applicable Revolving PeriodExcess Funding Account. [THE REMAINDER OF ARTICLE IV IS RESERVED AND SHALL BE SPECIFIED IN ANY SUPPLEMENT WITH RESPECT TO ANY SERIES]

Amounts in Excess Funding Account. Amounts on deposit in the Excess --------------------------------- Funding Account on any Business Day will be invested by the Seller Servicer (or, at the direction of the SellerTransferor, by the Servicer or the Trustee Trustee) on behalf of the Seller) Transferor in Permitted Investments maturing Cash Equivalents which shall mature and be available on or before the next Business DayDay on which amounts may be released from the Excess Funding Account. Earnings from such investments received shall be deposited in the Collection Account and treated as Collections of Finance Charge ReceivablesCollections. Any investment instructions to the Trustee shall be in writing and shall include a certification that the proposed investment is a Permitted Investment Cash Equivalent that matures at or prior to the date required by this Agreement. If on any Business Day other than a Business Day on which a Pay Out Event or a Prospective Pay Out Event has occurred and is continuing, the Seller Transferor Interest is greater than the Minimum Seller Transferor Interest, amounts on deposit in the Excess Funding Account shall may, at the option of the Transferor, be released to the Holder of the Exchangeable Seller CertificateTransferor Security. On each the first Business DayDay of the Amortization Period for any Series, amounts funds on deposit in the Excess Funding Account will be deposited in the Principal Account for such Series to the extent of the lesser of (other than investment earnings thereonx) shall be allocated to each outstanding series in an Amortization Period pro rata based on the aggregate outstanding principal amount Invested Amount of such series Series and (y) the amount then on deposit in the last day of the applicable Revolving PeriodExcess Funding Account. [THE REMAINDER OF ARTICLE IV IS RESERVED AND SHALL BE SPECIFIED IN ANY SUPPLEMENT WITH RESPECT TO ANY SERIES]

Amounts in Excess Funding Account. Amounts on deposit in the Excess --------------------------------- Funding Account on any Business Day will be invested by the Seller Servicer (or, at the direction of the SellerTransferor, by the Servicer or the Trustee Trustee) on behalf of the Seller) Transferor in Permitted Investments maturing Cash Equivalents which shall mature and be available on or before the next Business DayDay on which amounts may be released from the Excess Funding Account. Earnings from such investments received shall be deposited in the Collection Account and treated as Collections of Finance Charge ReceivablesInterest Collections. Any investment instructions to the Trustee shall be in writing and shall include a certification that the proposed investment is a Permitted Investment Cash Equivalent that matures at or prior to the date required by this Agreement. If on any Business Day other than a Business Day on which a Prospective Pay Out Event has occurred and is continuing, the Seller Transferor Interest is greater than the Minimum Seller Transferor Interest, amounts on deposit in the Excess Funding Account shall may, at the option of the Transferor, be released to the Holder of the Exchangeable Seller Transferor Certificate. On each the first Business DayDay of the Amortization Period for any Series, amounts funds on deposit in the Excess Funding Account will be deposited in the Principal Account for such Series to the extent of the lesser of (other than investment earnings thereonx) shall be allocated to each outstanding series in an Amortization Period pro rata based on the aggregate outstanding principal amount Invested Amount of such series Series and (y) the amount then on deposit in the last day of the applicable Revolving PeriodExcess Funding Account. [THE REMAINDER OF ARTICLE IV IS RESERVED AND SHALL BE SPECIFIED IN ANY SUPPLEMENT WITH RESPECT TO ANY SERIES]