Common use of Class A Monthly Interest Clause in Contracts

Class A Monthly Interest. An amount equal to the lesser of (A) the Class A Modified Required Amount and (B) the sum of Series Finance Charge Collections and Series Additional Allocable Amounts shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account.

Appears in 9 contracts

Samples: Master Trust Certificates (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)

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Class A Monthly Interest. An amount equal to the lesser of (A) the Class A Modified Required Amount and and (B) the sum of Series Finance Charge Collections and Series Additional Allocable Amounts shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)

Class A Monthly Interest. An amount Anamount equal to the lesser of (A) the Class A Modified Required Amount and (B) the sum of Series Finance Charge Collections and Series Additional Allocable Amounts shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Master Trust Certificates (Sears Credit Account Master Trust Ii)

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Class A Monthly Interest. An amount equal to the lesser of of (A) the Class A Modified Required Amount and and (B) the sum of Series Finance Charge Collections and Series Additional Allocable Amounts shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)

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