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 RBS Securitisation Operating Account or the RBSA Securitisation Operating Account or Additional Transferor 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; - Unavailable Principal Collections; - Finance Charge Collections and Acquired Interchange; and - Ineligible Collections (not distributed to the Transferor Beneficiaries pursuant to Clause 5.2(a)(ii) above); - investment earnings accrued on the Trustee Collection Account, and apply such amounts on the Relevant Date, or in respect of the amounts set out in (vi) and (viii) below on the Transfer Date next following such Relevant Date, in accordance with this Clause 5. In particular, the Receivables Trustee shall instruct the Operating Bank to make the following distributions from the Trustee Collection Account in a manner consistent with the principles set out in this Deed as modified by any Supplement:

APPLICATION OF MONIES IN THE TRUSTEE COLLECTION ACCOUNT. On the Relevant Date the Receivables Trustee shall, based on the Servicer Daily Report maintained by the Trust Cash Manager or, if applicable, any Co- Trust Cash Manager Servicer pursuant to Clause 9.5(a) with respect to the related Date of Processing, promptly following the transfer of monies from the RBS Securitisation Operating Account or the RBSA Securitisation Operating Account or Additional Transferor Card Operating Account as referred to in Clause 5.2(a) on such Relevant Date, (1) identify amounts, if any, included in such transfer and (2) identify any other amounts in the Trustee Collection Account which did not derive from such transfer on such Relevant Date, in the case of (1) and (2) representing the following: - Incorrect Payments; - Principal Collections; - Unavailable Principal Collections; - Finance Charge Collections and Acquired Interchange; and - Ineligible Collections (not distributed to the Transferor Beneficiaries Beneficiary pursuant to Clause 5.2(a)(ii) above); and - investment earnings accrued on the Trustee Collection Account, and apply such amounts on the Relevant Date, or in respect of the amounts set out in (vi) and (viii) below on the Transfer Date next following such Relevant Date, in accordance with this Clause 5. In particular, the Receivables Trustee shall instruct the Operating Bank to make the following distributions (except for (vii) below) from the Trustee Collection Account Account, in a manner consistent with the principles set out in this Deed 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 RBS Securitisation Operating Account or the RBSA Securitisation Operating Account or Additional Transferor 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; - Unavailable Principal Collections; - Finance Charge Collections and Acquired Interchange; and - Ineligible Collections (not distributed to the Transferor Beneficiaries pursuant to Clause 5.2(a)(ii) above); - investment earnings accrued on the Trustee Collection Account, and apply such amounts on the Relevant Date, or in respect of the amounts set out in (vi) and (viii) below on the Transfer Date next following such Relevant Date, in accordance with this Clause 5. In particular, the Receivables Trustee shall instruct the Operating Bank to make the following distributions from the Trustee Collection Account in a manner consistent with the principles set out in this Deed as modified by any Supplement:

APPLICATION OF MONIES IN THE TRUSTEE COLLECTION ACCOUNT. On the Relevant Date the Receivables Trustee shall, based on the Servicer Daily Report maintained by the Trust Cash Manager or, if applicable, any Co- Trust Cash Manager Servicer pursuant to Clause 9.5(a) with respect to the related Date of Processing, promptly following the transfer of monies from the RBS Securitisation Operating Account or the RBSA Securitisation Operating Account or Additional Transferor Capital One Operating Account as referred to in Clause 5.2(a) on such Relevant Date, (1) identify amounts, if any, included in such transfer and (2) identify any other amounts in the Trustee Collection Account which did not derive from such transfer on such Relevant Date, in the case of (1) and (2) representing the following: - Incorrect Payments; - Principal Collections; - Unavailable Principal Collections; - Finance Charge Collections and Acquired Interchange; and - Ineligible Collections (not distributed to the Transferor Beneficiaries Beneficiary pursuant to Clause 5.2(a)(ii) above); and - investment earnings accrued on the Trustee Collection Account, and apply such amounts on the Relevant Date, or in respect of the amounts set out in (vi) and (viii) below on the Transfer Date next following such Relevant Date, in accordance with this Clause 5. In particular, the Receivables Trustee shall instruct the Operating Bank to make the following distributions (except for (vii) below) from the Trustee Collection Account Account, in a manner consistent with the principles set out in this Deed as modified by any Supplement: