Common use of APPLICATION OF MONIES IN THE TRUSTEE COLLECTION ACCOUNT Clause in Contracts

APPLICATION OF MONIES IN THE TRUSTEE COLLECTION ACCOUNT. On the Relevant Date the Receivables Trustee shall, based on the Daily Report maintained by the Trust Cash Manager or, if applicable, any Co-Trust Cash Manager pursuant to Clause 9.5(a) with respect to the related Date of Processing, promptly following the transfer of monies from the Barclaycard Operating Account as referred to in Clause 5.2(a) on such Relevant Date, identify amounts, if any, included in such transfer representing the following: - Incorrect Payments; - Principal Collections; - Finance Charge Collections; and - Ineligible Collections (not distributed to the Transferor Beneficiaries pursuant to Clause 5.2(a)(ii) above), and apply such amounts on the Relevant Date in accordance with this Clause 5. In particular, the Receivables Trustee shall instruct the Operating Bank to make the following transfers which shall have been calculated in a manner consistent with the principles set out in the First Schedule as modified by any Supplement:

APPLICATION OF MONIES IN THE TRUSTEE COLLECTION ACCOUNT. On the Relevant Date the Receivables Trustee shall, based on the Daily Report maintained by the Trust Cash Manager or, if applicable, any Co-Co- Trust Cash Manager pursuant to Clause 9.5(a) with respect to the related Date of Processing, promptly following the transfer of monies from the Barclaycard Operating Account as referred to in Clause 5.2(a) on such Relevant Date, identify amounts, if any, included in such transfer representing the following: - Incorrect Payments; - Principal Collections; - Finance Charge Collections; and - Ineligible Collections (not distributed to the Transferor Beneficiaries pursuant to Clause 5.2(a)(ii) above), and apply such amounts on the Relevant Date in accordance with this Clause 5. In particular, the Receivables Trustee shall instruct the Operating Bank to make the following transfers which shall have been calculated in a manner consistent with the principles set out in the First Schedule as modified by any Supplement:

APPLICATION OF MONIES IN THE TRUSTEE COLLECTION ACCOUNT. On the Relevant Date the Receivables Trustee shall, based on the Daily Report maintained by the Trust Cash Manager or, if applicable, any Co-Trust Cash Manager pursuant to Clause 9.5(a) with respect to the related Date of Processing, promptly following the transfer of monies from the Barclaycard Operating Account as referred to in Clause 5.2(a) on such Relevant Date, identify amounts, if any, included in such transfer representing the following: - -- Incorrect Payments; - -- Principal Collections; - -- Finance Charge Collections; and - -- Ineligible Collections (not distributed to the Transferor Beneficiaries pursuant to Clause 5.2(a)(ii) above), and apply such amounts on the Relevant Date in accordance with this Clause 5. In particular, the Receivables Trustee shall instruct the Operating Bank to make the following transfers which shall have been calculated in a manner consistent with the principles set out in the First Schedule as modified by any Supplement: