Class C Rapid Amortization Amount. On each Distribution Date on or after the Distribution Date on which the Class A and Class B Invested Amounts are paid in full, an amount equal to the lesser of (A) the Class C Rapid Amortization Amount and (B) amounts on deposit in the Series Collections Account shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account. The amount by which the Class C Rapid Amortization Amount exceeds such deposit shall be the "Class C Rapid Amortization Amount Shortfall."
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)
Class C Rapid Amortization Amount. On each Distribution Date on or after the Distribution Date on which the Class A and Class B Invested Amounts are paid in full, an amount equal to the lesser of
(A) the Class C Rapid Amortization Amount and
(B) amounts on deposit in the Series Collections Account shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account. The amount by which the Class C Rapid Amortization Amount exceeds such deposit shall be the "Class C Rapid Amortization Amount Shortfall."
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (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)
Class C Rapid Amortization Amount. On each Distribution Date on or after the Distribution Date on which the Class A and Class B Invested Amounts are paid in full, an amount equal to the lesser ofo f
(A) the Class C Rapid Amortization Amount and
(B) amounts on deposit in the Series Collections Account shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account. The amount by which the Class C Rapid Amortization Amount exceeds such deposit shall be the "Class C Rapid Amortization Amount Shortfall."
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)
