Common use of Application of Available Funds pursuant to Section 4 Clause in Contracts

Application of Available Funds pursuant to Section 4. 4(a) of the Indenture Supplement a. Available Finance Charge Collections i. On a pari passu basis: a. Payment to the Indenture Trustee, to a maximum of $25,000 b. Payment to the Trustee, to a maximum of $25,000 c. Payment to the Administrator, to a maximum of $25,000 ii. To the Servicer: a. Noteholder Servicing Fee b. Noteholder Servicing Fee previously due but not paid c. Total Noteholder Servicing Fee iii. On a pari passu basis: a. Class A Monthly Interest b. Class A Deficiency Amount c. Class A Additional Interest d. Class A Additional Interest not paid on prior Payment Date iv. On a pari passu basis: a. Class B Monthly Interest b. Class B Deficiency Amount c. Class B Additional Interest d. Class B Additional Interest not paid on prior Payment Date v. On a pari passu basis: a. Class C Monthly Interest b. Class C Deficiency Amount c. Class C Additional Interest d. Class C Additional Interest not paid on prior Payment Date vi. To be treated as Available Principal Collections a. Aggregate Investor Default Amount b. Aggregate Investor Uncovered Dilution Amount

Appears in 3 contracts

Samples: Indenture Supplement (GE Capital Credit Card Master Note Trust), Indenture Supplement (GE Capital Credit Card Master Note Trust), Indenture Supplement (GE Capital Credit Card Master Note Trust)

AutoNDA by SimpleDocs

Application of Available Funds pursuant to Section 4. 4(a) of the Indenture Supplement a. Available Finance Charge Collections i. On a pari passu basis: a. Payment to the Indenture Trustee, to a maximum of $25,000 b. Payment to the Trustee, to a maximum of $25,000 c. Payment to the Administrator, to a maximum of $25,000 ii. To the Servicer: a. Noteholder Servicing Fee b. Noteholder Servicing Fee previously due but not paid c. Total Noteholder Servicing Fee iii. On a pari passu basis: a. Class A Monthly Interest b. Class A Deficiency Amount c. Class A Additional Interest d. Class A Additional Interest not paid on prior Payment Date iv. On a pari passu basis: a. Class B Monthly Interest b. Class B Deficiency Amount c. Class B Additional Interest d. Class B Additional Interest not paid on prior Payment Date v. On a pari passu basis: a. Class C Monthly Interest b. Class C Deficiency Amount c. Class C Additional Interest d. Class C Additional Interest not paid on prior Payment Date vi. On a pari passu basis: a. Class D Monthly Interest b. Class D Deficiency Amount c. Class D Additional Interest d. Class D Additional Interest not paid on prior Payment Date vivii. To be treated as Available Principal Collections a. Aggregate Investor Default Amount b. Aggregate Investor Uncovered Dilution AmountAmount viii. To be treated as Available Principal Collections, to the extent not previously reimbursed a. Investor Charge-offs b. Reallocated Principal Collections

Appears in 2 contracts

Samples: Indenture Supplement (RFS Holding LLC), Indenture Supplement (RFS Holding LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!