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 a prior Payment Date e. Class A Net Swap Payments f. Class A Net Swap Payments not paid on a 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 a prior Payment Date e. Class B Net Swap Payments f. Class B Net Swap Payments not paid on a 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 a prior Payment Date e. Class C Net Swap Payments f. Class C Net Swap Payments not paid on a prior Payment Date (vi) To be treated as Available Principal Collections a. Aggregate Investor Default Amount b. Aggregate Investor Uncovered Dilution Amount (vii) To be treated as Available Principal Collections, to the extent not previously reimbursed a. Investor Charge-offs b. Reallocated Principal Collections (viii) Excess of Required Reserve Account Amount Over Available Reserve Account Amount (ix) Amounts required to be deposited to the Spread Account (x) On a pari passu basis: a. Partial or early termination or other additional amount owed to Class A Swap Counterparty b. Partial or early termination or other additional amount owed to Class B Swap Counterparty c. Partial or early termination or other additional amount owed to Class C Swap Counterparty (xi) Unless an Early Amortization Event has occurred, amounts that have not been paid pursuant to (a)(i) above (xii) The balance, if any, will constitute a portion of Excess Finance Charge Collections for such Payment Date and first will be available for allocation to other Series in Group One and, second, paid to the Transferor, to be applied in accordance with Section 8.6 of the Indenture unless: a. There is an Early Amortization Period, in which case Excess Finance Charge Collections will be used to pay Monthly Principal;or b. GE Capital’s long-term unsecured debt rating is Aa2 or lower by Xxxxx’x or AA or lower by S&P and the Free Equity Amount is less than the Minimum Free Equity Amount, in which case Excess Finance Charge Collections will be deposited to the Excess Funding Account up to such shortfall

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 a prior Payment Date e. Class A Net Swap Payments f. Class A Net Swap Payments not paid on a 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 a prior Payment Date e. Class B Net Swap Payments f. Class B Net Swap Payments not paid on a 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 a prior Payment Date e. Class C Net Swap Payments f. Class C Net Swap Payments not paid on a prior Payment Date (vi) To be treated as Available Principal Collections a. Aggregate Investor Default Amount b. Aggregate Investor Uncovered Dilution Amount (viivi) To be treated as Available Principal Collections, to the extent not previously reimbursed a. Investor Charge-offs b. Reallocated Principal Collections (viiivii) Excess of Required Reserve Account Amount Over Available Reserve Account Amount (ixviii) Amounts required to be deposited to the Spread Account (xix) On a pari passu basis: a. Partial or early termination or other additional amount owed to Class A Swap Counterparty b. Partial or early termination or other additional amount owed to Class B Swap Counterparty c. Partial or early termination or other additional amount owed to Class C Swap Counterparty (xix) Unless an Early Amortization Event has occurred, amounts that have not been paid pursuant to (a)(i) above (xiixi) The balance, if any, will constitute a portion of Excess Finance Charge Collections for such Payment Date and first will be available for allocation to other Series in Group One and, second, paid to the Transferor, to be applied in accordance with Section 8.6 of the Indenture unless: a. There is an Early Amortization Period, in which case Excess Finance Charge Collections will be used to pay Monthly Principal;or b. GE Capital’s long-term unsecured debt rating is Aa2 or lower by Xxxxx’x or AA or lower by S&P and the Free Equity Amount is less than the Minimum Free Equity Amount, in which case Excess Finance Charge Collections will be deposited to the Excess Funding Account up to such shortfall

Application of Available Funds pursuant to Section 4. 4(A4(a) OF THE INDENTURE SUPPLEMENTof the Indenture Supplement (a) a. Available Finance Charge Collections (i) 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 a prior Payment Date e. Class A Net Swap Payments f. Class A Net Swap Payments not paid on a 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 a prior Payment Date e. Class B Net Swap Payments f. Class B Net Swap Payments not paid on a prior Payment Date (v) 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 a prior Payment Date e. vi. On a pari passu basis: a. Class C Net Swap PaymentsD Monthly Interest f. b. Class C Net Swap Payments D Deficiency Amount c. Class D Additional Interest d. Class D Additional Interest not paid on a prior Payment Date (vi) vii. To be treated as Available Principal Collections Collections a. Aggregate Investor Default Amount Amount b. Aggregate Investor Uncovered Dilution Amount (vii) viii. To be treated as Available Principal Collections, to the extent not previously reimbursed a. Investor Charge-offs b. Reallocated Principal Collections (viii) ix. Excess of Required Reserve Account Amount Over Available Reserve Account Amount (ix) x. Amounts required to be deposited to the Spread Account or Reserve Account (x) On a pari passu basis:xi. To be treated as Available Principal Collections: Series Allocation Percentage of Minimum Free Equity Shortfall a. Partial or early termination or other additional amount owed to Class A Swap Counterparty b. Partial or early termination or other additional amount owed to Class B Swap Counterparty c. Partial or early termination or other additional amount owed to Class C Swap Counterparty (xi) xii. Unless an Early Amortization Event has occurred, amounts that have not been paid pursuant to (a)(i) above (xii) xiii. The balance, if any, will constitute a portion of Excess Finance Charge Collections for such Payment Date and first will be available for allocation to other Series in Group One and, secondthen: a. Unless an Early Amortization Event has occurred, paid to the Transferor; or b. If an Early Amortization Event has occurred, first, to be applied pay Monthly Principal in accordance with Section 8.6 4.4(c) of the Indenture unless: a. There is an Early Amortization PeriodSupplement to the extent not paid in full from Available Principal Collections (calculated without regard to amounts available to be treated as Available Principal Collections pursuant to this clause), in which case Excess Finance Charge Collections will be used second, to pay on a pari passu basis any amounts owed to such Persons listed in clause (a)(i) above that have been allocated to Series 2015-2 in accordance with Section 8.4(d) of the Indenture and that have not been paid pursuant to clauses (a)(i) and (a)(xii) above, and, third, any amounts remaining after payment in full of the Monthly Principal;or b. GE Capital’s long-term unsecured debt rating is Aa2 or lower by Xxxxx’x or AA or lower by S&P Principal and the Free Equity Amount is less than the Minimum Free Equity Amount, amounts owed to such Persons listed in which case Excess Finance Charge Collections will clause (a)(i) above shall be deposited paid to the Excess Funding Account up to such shortfallIssuer.

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 $25,000V (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 a prior Payment Date e. [Class A Net Swap Payments] f. [Class A Net Swap Payments not paid on a 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 a prior Payment Date e. [Class B Net Swap Payments] f. [Class B Net Swap Payments not paid on a 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 a prior Payment Date e. [Class C Net Swap Payments] f. [Class C Net Swap Payments not paid on a prior Payment Date] (vi) To be treated as Available Principal Collections a. Aggregate Investor Default Amount b. Aggregate Investor Uncovered Dilution Amount (vii) To be treated as Available Principal Collections, to the extent not previously reimbursed a. Investor Charge-offs b. Reallocated Principal Collections (viii) Excess of Required Reserve Account Amount Over Available Reserve Account Amount (ix) Amounts required to be deposited to the Spread Account (x) On a pari passu basis: a. [Partial or early termination or other additional amount owed to Class A Swap Counterparty] b. [Partial or early termination or other additional amount owed to Class B Swap Counterparty] c. [Partial or early termination or other additional amount owed to Class C Swap Counterparty] (xi) Unless an Early Amortization Event has occurred, amounts that have not been paid pursuant to (a)(i) above (xii) The balance, if any, will constitute a portion of Excess Finance Charge Collections for such Payment Date and first will be available for allocation to other Series in Group One and, second, paid to the Transferor, to be applied in accordance with Section 8.6 of the Indenture unless: a. There is an Early Amortization Period, in which case Excess Finance Charge Collections will be used to pay Monthly Principal;orPrincipal; or b. GE Capital’s long-term unsecured debt rating is Aa2 or lower by Xxxxx’x Moody’s or AA or lower by S&P and the Free Equity Amount is less than the Minimum Free Equity Amount, in which case Excess Finance Charge Collections will be deposited to the Excess Funding Account up to such shortfall

Application of Available Funds pursuant to Section 4. 4(A4(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 a prior Payment Date e. Class A Net Swap Payments f. Class A Net Swap Payments not paid on a 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 a prior Payment Date e. Class B Net Swap Payments f. Class B Net Swap Payments not paid on a 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 a prior Payment Date e. Class C Net Swap Payments f. Class C Net Swap Payments not paid on a prior Payment Date (vi) To be treated as Available Principal Collections a. Aggregate Investor Default Amount b. Aggregate Investor Uncovered Dilution Amount (vii) To be treated as Available Principal Collections, to the extent not previously reimbursed a. Investor Charge-offs b. Reallocated Principal Collections (viii) Excess of Required Reserve Account Amount Over Available Reserve Account Amount (ix) Amounts required to be deposited to the Spread Account (x) On a pari passu basis: a. Partial or early termination or other additional amount owed to Class A B Swap Counterparty b. Partial or early termination or other additional amount owed to Class B Swap Counterparty c. Partial or early termination or other additional amount owed to Class C Swap Counterparty (xi) Unless an Early Amortization Event has occurred, amounts that have not been paid pursuant to (a)(i) above (xii) The balance, if any, will constitute a portion of Excess Finance Charge Collections for such Payment Date and first will be available for allocation to other Series in Group One and, second, paid to the Transferor, to be applied in accordance with Section 8.6 of the Indenture unless: a. There is an Early Amortization Period, in which case Excess Finance Charge Collections will be used to pay Monthly Principal;orPrincipal; or b. GE Capital’s long-term unsecured debt rating is Aa2 or lower by Xxxxx’x or AA or lower by S&P and the Free Equity Amount is less than the Minimum Free Equity Amount, in which case Excess Finance Charge Collections will be deposited to the Excess Funding Account up to such shortfall