Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below: (i) Allocate to the Series 1997-9 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing. (ii) Allocate to the Series 1997-9 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During ------------------------------------------------- the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971998-9 4 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971998-9 4 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); --------------------- provided, --------------------- -------- however, that if the sum of such Percentage Allocations with -------- ------- respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19972001-9 3 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19972001-9 3 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Bank National Association)
Daily Allocations During the Accumulation Period. During ------------------------------------------------ the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971999-9 2 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971999-9 2 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); --------------------- provided, --------------------- -------- however, that if the sum of such Percentage Allocations with -------- ------- respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the -------- ------- Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During ------------------------------------------------ the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971999-9 1 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971999-9 1 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage ---------- Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage ---------- -------- ------- Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Mini mum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and -------- ------- after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During ------------------------------------------------ the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971998-9 6 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971998-9 6 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); --------------------- provided, --------------------- -------- however, that if the sum of such Percentage Allocations with ----------------- respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Mini- mum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and ----------------- after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19972001-9 4 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19972001-9 4 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, -------- ------- that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Bank National Association)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 1997-9 10 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 1997-9 10 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971996-9 8 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971996-9 8 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing Pro cessing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19972001-9 2 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19972001-9 2 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- ---------- ---------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971999-9 4 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971999-9 4 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the Calculation Date if -------- ------- there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 1997-9 1 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 1997-9 1 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During ------------------------------------------------- the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971998-9 7 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971998-9 7 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); ----------- ----------- provided, --------------------- -------- however, that if the sum of such Percentage Allocations with -------- ------- respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the -------- ------- Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971998-9 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971998-9 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, -------- ------- that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i1) Allocate to the Series 19971998-9 5 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii2) Allocate to the Series 19971998-9 5 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to ------- the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Reallo- cated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, -------- further, that on and after the Calculation Date if there is a -------- Finance ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971998-9 1 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971998-9 1 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, -------- further, that on and after the Calculation Date if there is a -------- Finance ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 1997-9 8 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 1997-9 8 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to ------- the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971999-9 3 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971999-9 3 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, -------- ------- that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During ------------------------------------------------- the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971998-9 8 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971998-9 8 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); ----------- ----------- provided, --------------------- -------- however, that if the sum of such Percentage Allocations with -------- ------- respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the -------- ------- Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate 33 38 amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 1997-9 2 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 1997-9 2 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 1997-9 7 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 1997-9 7 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ ------------------------------------------------- Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971996-9 7 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971996-9 7 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971998-9 2 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971998-9 2 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During ------------------------------------------------ the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19971996-9 6 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19971996-9 6 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); --------------------- provided, --------------------- -------- however, that if the sum of such Percentage Allocations with -------- ------- respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 19972001-9 1 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 19972001-9 1 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement Agreement) if the Transferor Interest on such Date of Processing is greater than zero the Minimum Transferor Interest (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, -------- ------- that on and after the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Daily Allocations During the Accumulation Period. During the ------------------------------------------------ ------------------------------------------------- Accumulation Period, the Servicer shall, prior to the close of business on each Date of Processing, allocate the following amounts as set forth below:
(i) Allocate to the Series 1997-9 6 Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (A) the Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing.
(ii) Allocate to the Series 1997-9 6 Certificateholders and retain in the Principal Account an amount equal to the product of (x) the Fixed/Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Principal Receivables on such Date of Processing (for any such date, a "Percentage Allocation"); provided, --------------------- -------- however, that if the sum of such Percentage Allocations with respect to the ------- same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall be paid to the Holder of the Exchangeable Transferor Certificate (subject to the obligation of the Transferor to make an amount equal to the Reallocated Principal Collections and Excess Principal Collections for such Monthly Period available on the related Transfer Date in accordance with subsection 4.05(f)) of the Agreement if the Transferor Interest on such Date of Processing is greater than zero (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Collection Account and applied in accordance with subsection 4.03(f) of the Agreement; provided, further, that on and after -------- ------- the Calculation Date if there is a -------- ------- Finance Charge Deficit, Subordinate Principal Collections with respect to each Monthly Period will be deposited into the Principal Account on a daily basis during such Monthly Period in an aggregate amount not to exceed the Finance Charge Deficit; at such time as the Finance Charge Deficit is equal to zero, such amounts may be released from the Principal Account to the holder of the Exchangeable Transferor Certificate, subject to the preceding proviso.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)