Common use of Application of Funds on Deposit in the Collection Account for the Certificates Clause in Contracts

Application of Funds on Deposit in the Collection Account for the Certificates. On each Transfer Date, the Servicer shall instruct the Trustee in writing to apply, and on the immediately succeeding Distribution Date the Trustee, acting in accordance with such instructions, shall apply, for the Collection Period immediately preceding such Distribution Date, from amounts on deposit in the Collection Account (A) an amount equal to the Floating Allocation Percentage of Yield Collections plus an amount equal to the Transferor Percentage of Principal Collections equal to the Available Subordinated Amount, if any, allocable to the Certificates pursuant to Section 4.13 plus any net investment income with respect to the Principal Funding Account plus the Floating Allocation Percentage of net investment income on the Collection Account (to the extent provided in Section 4.1(b) of the Agreement) plus the Floating Allocation Percentage of net investment income on the Special Funding Account to the extent provided in Section 4.2(c) of the Agreement (collectively, the "Available Yield Funds") all in the manner set forth in Sections 4.9(a) through 4.9(i) below and (B) an amount equal to the sum of the remaining funds on deposit in the Collection Account with respect to such Distribution Date including any Available Yield Funds remaining after the application described in Sections (a) through (j) below, the Fixed Allocation Percentage of Principal Collections, Excess Principal Collections, if any, from other Series allocable to the Series 2000-1 Certificates pursuant to Section 4.12 and the Transferor Percentage of Principal Collections allocable to the Series 2000-1 Certificates pursuant to Section 4.13 (collectively the "Available Principal Funds") in the manner set forth in Section 4.9(j) of this Agreement.

Application of Funds on Deposit in the Collection Account for the Certificates. (a) On each Transfer Distribution Date, the Servicer shall instruct the Trustee in writing to applywithdraw, and on the immediately succeeding Distribution Date the Trustee, acting in accordance with such instructionsinstructions set forth in the Monthly Servicer Report, shall apply, for withdraw from the Collection Account, or retain therein, as applicable, to the extent of the sum of (x) the Floating Allocation Percentage of Collections of Finance Charge Receivables collected during the preceding Monthly Period immediately preceding such Distribution Date, from plus (y) any investment earnings on amounts on deposit in the Principal Funding Account deposited in the Collection Account pursuant to Section 4.11(b) and investment earnings on amounts on deposit in the Reserve Account deposited in the Collection Account pursuant to Section 4.13(b) PLUS (Az) an the Reserve Draw Amount deposited into the Collection Account pursuant to subsection 4.13(d) (such sum, the "Available Series 1998-1 Finance Charge Collections"; PROVIDED that, with respect to the first Distribution Date, the amount deposited by the Transferor into the Collection Account pursuant to Section 4.2(a) shall also constitute Available Series 1998-1 Finance Charge Collections), the following amounts, and apply such amounts as follows and in the following priority: (i) CLASS A INTEREST. An amount equal to the Floating Allocation Percentage lesser of Yield (x) the Available Series 1998-1 Finance Charge Collections plus an amount equal for such date and (y) the sum of Class A Interest and Carryover Class A Interest shall be paid to the Transferor Percentage of Principal Collections equal Class A Certificateholders in accordance with Section 5.1. Notwithstanding anything to the Available Subordinated Amountcontrary herein, if any, allocable the portion of Carryover Class A Interest that constitutes Class A Additional Interest shall be payable or distributable to the Certificates pursuant to Section 4.13 plus any net investment income with respect to the Principal Funding Account plus the Floating Allocation Percentage of net investment income on the Collection Account (Class A Certificateholders only to the extent provided in Section 4.1(b) of the Agreement) plus the Floating Allocation Percentage of net investment income on the Special Funding Account to the extent provided in Section 4.2(c) of the Agreement (collectively, the "Available Yield Funds") all in the manner set forth in Sections 4.9(a) through 4.9(i) below and (B) an amount equal to the sum of the remaining funds on deposit in the Collection Account with respect to such Distribution Date including any Available Yield Funds remaining after the application described in Sections (a) through (j) below, the Fixed Allocation Percentage of Principal Collections, Excess Principal Collections, if any, from other Series allocable to the Series 2000-1 Certificates pursuant to Section 4.12 and the Transferor Percentage of Principal Collections allocable to the Series 2000-1 Certificates pursuant to Section 4.13 (collectively the "Available Principal Funds") in the manner set forth in Section 4.9(j) of this Agreementpermitted by applicable law.

Application of Funds on Deposit in the Collection Account for the Certificates. On each Transfer Date, the Servicer shall instruct the Trustee in writing to apply, and on the immediately succeeding Distribution Date the Trustee, acting in accordance with such instructions, shall apply, for the Collection Period immediately preceding such Distribution Date, from amounts on deposit in the Collection Account (A) an amount equal to the Floating Allocation Percentage of Yield Collections plus an amount equal to the Transferor Percentage of Principal Collections equal to the Available Subordinated Amount, if any, allocable to the Certificates pursuant to Section 4.13 plus any net investment income with respect to the Principal Funding Account plus the Floating Allocation Percentage of net investment income on the Collection Account (to the extent provided in Section 4.1(b) of the Agreement) plus the Floating Allocation Percentage of net investment income on the Special Funding Account to the extent provided in Section 4.2(c) of the Agreement (collectively, the "Available Yield Funds") all in the manner set forth in Sections 4.9(a) through 4.9(i) below and (B) an amount equal to the sum of the remaining funds on deposit in the Collection Account with respect to such Distribution Date including any Available Yield Funds remaining after the application described in Sections (a) through (j) below, the Fixed Allocation Percentage of Principal Collections, Excess Principal Collections, if any, from other Series allocable to the Series 20001999-1 Certificates pursuant to Section 4.12 and the Transferor Percentage of Principal Collections allocable to the Series 20001999-1 Certificates pursuant to Section 4.13 (collectively the "Available Principal Funds") in the manner set forth in Section 4.9(j) of this Agreement.