Calculation of Investor Losses. (a) For each Distribution Date, the Servicer shall calculate the Class Investor Charged-Off Amount with respect to each Class, as of the end of the related Due Period. (b) On each Distribution Date, after giving effect to all allocations and deposits pursuant to Section 8, the Investor Charge-Off Loss shall equal the Class Cumulative Investor Charged-Off Amount with respect to any Class as of such Distribution Date.
Appears in 12 contracts
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Master Trust Certificates (Sears Credit Account Master Trust Ii)
Calculation of Investor Losses. (a) For each Distribution Date, the Servicer shall calculate the Class Investor Charged-Off Amount with respect to each Class, as of the end of the related Due Period.
(b) On each Distribution Date, after giving effect to all allocations and deposits pursuant to Section 8, the Investor Charge-Off Loss shall equal the Class Cumulative Investor Charged-Off Amount with respect to any Class as of such Distribution Date.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Master Trust Certificates (Sears Credit Account Master Trust Ii)
Calculation of Investor Losses. (a) For each Distribution Date, the Servicer shall calculate the Class Investor Charged-Off Amount with respect to each Class, as of the end of the related Due Period.
(b) On each Distribution Date, after giving effect to all allocations and deposits pursuant to Section 8, the Investor Charge-Off Loss shall equal the Class Cumulative Investor Charged-Off Amount with respect to any Class as of such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)
