Application of Series Sample Clauses

Application of Series. [o] Available Principal Amount. On each Payment Date, the Indenture Trustee will apply the Series [o] Available Principal Amount as follows: (a) first, if, after giving effect to deposits to be made with respect to such Payment Date pursuant to Section 3.01(b), the Series [o] Notes have not received the full amount targeted to be deposited pursuant to Section 3.01(b) with respect to that Payment Date, then the Series [o] Available Principal Amount will be allocated to the Interest Funding Account in an amount equal to the lesser of the following amounts: (i) the amount of the deficiency in such targeted amount to be deposited into the Interest Funding Account; and (ii) the Series [o] Nominal Liquidation Amount (determined after giving effect to the application of the Investor Charge-Off pursuant to Section 3.03); (b) second, if Series [o] is in its Accumulation Period or an Early Redemption Period, (i) any remaining Series [o] Available Principal Amount (after giving effect to clause (a)) will be applied to make the targeted deposit to the Principal Funding Account pursuant to Section 3.07 and (ii) any remaining Series [o] Available Principal Amount (after giving effect to clause (i)) will be treated as Shared Excess Available Principal Amount for application in accordance with Section 3.18; (c) third, if Series [o] is not in its Accumulation Period or an Early Redemption Period, any remaining Series [o] Available Principal Amount (after giving effect to clauses (a) and (b) above) will be treated as Shared Excess Available Principal Amount for application in accordance with Section 3.18; and (d) fourth, if the Outstanding Dollar Principal Amount of the Series [o] has been reduced to zero on or before such Payment Date, the remaining Series [o] Available Principal Amount (after giving effect to clauses (a), (b) and (c)) shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Application of Series. [_] Available Principal Amount. On each Transfer Date, the Indenture Trustee will apply the Series [____] Available Principal Amount as follows: (a) first, with respect to each Monthly Period, if after giving effect to deposits to be made with respect to such Transfer Date pursuant to Section 3.01(b), the Series [___] Notes have not received the full amount targeted to be deposited pursuant to Section 3.01(b) with respect to that Transfer Date, then the Series [___] Available Principal Amount will be allocated to the Interest Funding Account in an amount equal to the lesser of the following amounts: (i) the amount of the deficiency in such targeted amount to be deposited into the Interest Funding Account; and (ii) the Series [ ] Nominal Liquidation Amount (determined after giving effect to the application of the Investor Charge-Off pursuant to Section 3.03); (b) second, if Series [___] is in its Accumulation Period or an Early Redemption Period, to make the targeted deposit to the Principal Funding Account pursuant to Section 3.07; and (c) third, if Series [ ] is not in its Accumulation Period or an Early Redemption Period, any remaining Series [ ] Available Principal Amount (after giving effect to clauses (a) and (b) above) will be treated as Shared Excess Principal Amount; and (d) fourth, to the Issuer for reinvestment in the Investor Interest in the Collateral Certificate.

Application of Series. [__] Available Finance Charge Collections. On each Transfer Date, the Servicer shall instruct the Indenture Trustee in writing (which writing shall be the Monthly Payment Instruction substantially in the form of Exhibit B-2) to withdraw from the Collection Account and deposit into the Distribution Account from the Series [__]-[__] Available Finance Charge Collections with respect to the related Distribution Date an amount equal to the amount determined under Section 4.04(a). On each Distribution Date, the Indenture Trustee, acting in accordance with such Monthly Payment Instruction, shall apply (i) the Series [__]-[__] Available Finance Charge Collections with respect to the related Distribution Date on deposit in the Collection Account and (ii) the funds on deposit in the Distribution Account with respect to Section 4.04(a) and Section 4.04(c), as applicable, in the following priority: (a) an amount equal to Class A Monthly Interest for such Distribution Date, plus the amount of any Class A Monthly Interest, or portion thereof, previously due but not paid to Class A Noteholders on a prior Distribution Date, plus the amount of any Class A Additional Interest for such Distribution Date, plus the amount of any Class A Additional Interest, or portion thereof, previously due but not paid to Class A Noteholders on a prior Distribution Date, shall be distributed to the Paying Agent for payment to Class A Noteholders on such Distribution Date; (b) an amount equal to the Series [__]-[__] Servicing Fee for such Distribution Date, plus the amount of any Series [__]-[__] Servicing Fee, or portion thereof, previously due but not paid to the Servicer on any prior Distribution Date, shall be distributed to the Servicer (unless such amount has been retained by the Servicer and not deposited into the Collection Account in accordance with Section 2.01(b) of the Servicing Agreement); (c) an amount equal to Class B Monthly Interest for such Distribution Date, plus the amount of any Class B Monthly Interest, or portion thereof, previously due but not paid to Class B Noteholders on a prior Distribution Date, plus the amount of any Class B Additional Interest for such Distribution Date, plus the amount of any Class B Additional Interest, or portion thereof, previously due but not paid to Class B Noteholders on a prior Distribution Date, shall be distributed to the Paying Agent for the payment to Class B Noteholders on such Distribution Date; (d) an amount equal to the Series [_...