Common use of Daily Allocations Clause in Contracts

Daily Allocations. During the Revolving Period. During the Revolving Period, the Servicer shall, on or prior to the close of business on the second Business Day following any Date of Processing, allocate the following amounts as set forth below: (i) Allocate to the Series 1998-1 Holders the product of (x) the Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period); (ii) Allocate to the Series 1998-1 Holders an amount equal to the product of (A) the Principal Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Principal Receivables on such Date of Processing, which amount shall be first, if any other Principal Sharing Series in Group One is outstanding and in its Amortization Period or Accumulation Period (as such terms are defined in the Agreement), retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections in accordance with Section 4.04 of the Agreement to other Series in Group One on the related Distribution Date, and second paid to the Holders of the Transferor Certificates; provided however, that the amount to be paid to the Holders of the Transferor Certificates pursuant to this subsection 4.1(a)(ii) on any Date of Processing shall be paid to such Holders only if the Transferor Amount on such Date of Processing is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount during a Monthly Period, an amount equal to the sum of (x) the Class C Principal Percentage of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables and (y) the Class B Principal Percentage of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables ("Subordinate Principal Collections") on each Date of Processing with respect to such Monthly Period shall be deposited and retained in the Collection Account during such Monthly Period.

Daily Allocations. During (a) The portion of the Revolving Period. During Aggregate Daily Collections allocated to Series 1999-A pursuant to Article III of the Revolving Period, the Servicer shall, on or prior to the close of business on the second Business Day following any Date of Processing, allocate the following amounts Agreement shall be allocated and distributed as set forth below:in this Article III by the Trustee based solely on the information provided it by the Servicer in the Daily Report (upon which the Trustee may conclusively rely): (i) Allocate to the Series 1998-1 Holders the product of (x) the Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processingeach Business Day, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period); (ii) Allocate to the Series 1998-1 Holders an amount equal to the product of Accrued Expense Amount for such day (or, during the Series 1999-A Revolving Period, such greater amount as the Company may request in writing) shall be transferred from the Series 1999-A Collection Subaccount to the Series 1999-A Non-Principal Collection Sub-subaccount; provided, that (A) on the Principal Allocation Percentage on such Date tenth Business Day of Processing each Accrual Period (and each Business Day thereafter, if necessary, until the full amount of any positive Accrued Expense Adjustment is transferred), (B) on the aggregate day of any Increase occurring after the tenth Business Day of the applicable Accrual Period (and each Business Day thereafter, if necessary, until the full amount of Collections of Principal Receivables on such Date of Processing, which amount shall be first, if any other Principal Sharing Series in Group One positive Accrued Expense Adjustment is outstanding and in its Amortization Period or Accumulation Period (as such terms are defined in the Agreementtransferred), retained in (C) on the Collection Account for application, to day of any Decrease occurring after the extent necessary, as Shared Principal Collections in accordance with Section 4.04 tenth Business Day of the Agreement to other Series in Group One applicable Accrual Period and (D) on the related Distribution Date, and second paid to the Holders last Business Day of the Transferor Certificates; provided however, that the amount to be paid to the Holders of the Transferor Certificates pursuant to this subsection 4.1(a)(ii) on any Date of Processing shall be paid to such Holders only if the Transferor Amount on such Date of Processing is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount during a Monthly each Accrual Period, an amount equal to the sum Accrued Expense Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 1999-A Collection Subaccount to the Series 1999-A Non-Principal Collection Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 1999-A Non-Principal Collection Sub-subaccount to the Series 1999-A Collection Subaccount (or deducted from the transfer in respect of the Accrued Expense Amount for such day); and (ii) on each Business Day (including Distribution Dates), following the transfers pursuant to clause (i) above, any remaining funds on deposit in the Series 1999-A Collection Subaccount shall be transferred by the Trustee to the Series 1999-A Principal Collection Sub-subaccount. (i) On each Business Day during the Series 1999-A Revolving Period (including Distribution Dates), after giving effect to (x) the Class C Principal Percentage all allocations of the product of the Principal Allocation Percentage Aggregate Daily Collections referred to in subparagraphs (a)(i) and the aggregate amount of Collections of Principal Receivables (a)(ii) on such Business Day and (y) any deposit resulting from an Increase, if any, pursuant to Subsection 2.05(c) on such Business Day, amounts on deposit in the Class B Series 1999-A Principal Percentage Collection Sub-subaccount shall be distributed by the Trustee, based solely on the information provided to the Trustee by the Servicer in the Daily Report (upon which the Trustee may conclusively rely), (A) first, to pay Excess Program Costs and (B) second, to the Company (but only to the extent that the Trustee has received a Daily Report which reflects the receipt of the product Collections on deposit therein) in accordance with directions contained in the Daily Report or to such accounts or such persons as the Company may direct in writing (which directions may consist of standing instructions provided by the Company that shall remain in effect until changed by the Company in writing); provided that such distribution, whether under clause (A) or (B), shall be made only if no Early Amortization Event set forth in Section 7.01 of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables Agreement or subsections ("Subordinate Principal Collections"a), (d) on each Date of Processing (but only with respect to a Servicer Default set forth in subsection 6.01(e) of the Servicing Agreement), (g), (j) or (k) of Section 5.01 of this Supplement or Potential Early Amortization Event relating to any such Monthly Period Early Amortization Event (other than an event set forth in clause (i) or (ii) of Section 7.01(a) of the Pooling Agreement has occurred and is continuing and only to the extent that if, after giving effect to such distribution, the Series 1999-A Target Receivables Amount would not exceed the Series 1999-A Allocated Receivables Amount; provided further that if the Company or the Servicer, on behalf of the Company, shall have given the Agent and the Trustee irrevocable written notice (effective upon receipt) at least one Business Day prior to such day, the Company or the Servicer may instruct the Trustee in writing (specifying the related amount) to withdraw all or a portion of such amounts on deposit in the Series 1999-A Principal Collection Sub-subaccount and apply such withdrawn amounts toward the reduction of the Series 1999-A Invested Amount and the Series 1999-A Subordinated Interest Amount in accordance with Section 2.06. Amounts distributed to the Company hereunder shall be deposited deemed to be paid first from Collections received directly by the Servicer and retained second from Collections received in the Lockboxes. (ii) During the Series 1999-A Amortization Period, amounts on deposit in the Series 1999-A Principal Collection Account Sub-subaccount on each Distribution Date shall be distributed on such Distribution Date in accordance with subsection 3A.06(c). No amounts on deposit in the Series 1999-A Principal Collection Sub-subaccount shall be distributed by the Trustee to the Company or the holder of the Series 1999-A Subordinated Interest during such Monthly the Series 1999-A Amortization Period. (c) On each Business Day, an amount equal to the Daily Interest Deposit for such day shall be transferred by the Trustee, based solely on the information provided to the Trustee by the Servicer in the Daily Report (upon which the Trustee may conclusively rely), from the Series 1999-A Non-Principal Collection Sub-subaccount to the Series 1999-A Accrued Interest Sub-subaccount provided, that, on each Business Day that a transfer of funds is required to be made in respect of an Accrued Expense Adjustment pursuant to the proviso contained in subsection 3A.03(a)(i), an amount equal to the Daily Interest Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 1999-A Non-Principal Collection Sub-subaccount to the Series 1999-A Accrued Interest Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 1999-A Accrued Interest Sub-subaccount to the Series 1999-A Non-Principal Collection Sub-subaccount (or deducted from the transfer in respect of the Daily Interest Deposit for such day). (d) The allocations to be made pursuant to this Section 3A.03 are subject to the provisions of Sections 2.05, 2.06, 7.02, 9.01 and 9.04 of the Agreement.

Daily Allocations. During the Revolving any Partial Amortization Period. -------------------------------------------------------- During the Revolving any Partial Amortization Period, the Servicer shall, on or prior to the close of business on the second Business Day following any each Date of Processing, allocate the following amounts as set forth below: (i) Allocate to the Series 19981999-1 Holders B Certificateholders and deposit and retain in the Finance Charge Account an amount equal to the product of (xA) the Floating Allocation Percentage on such Date of Processing and (yB) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period);. (ii) Allocate to the Series 19981999-1 Holders B Certificateholders and deposit and retain in the Principal Account an amount equal to the product of (A) the Principal Fixed/Floating Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Principal Receivables on such Date of Processing; provided, however, that after the date on which an --------- ------- amount shall be first, if any other Principal Sharing Series in Group One is outstanding and in its of such Collections equal to the difference between the Partial Amortization Amount for such Partial Amortization Period or Accumulation and the total amount of Partial Amortization Principal previously paid for such Partial Amortization Period (as such terms are defined in to the Agreement)Class A-1 Certificateholders, retained in Class A-2 Certificateholders, Class B-1 Certificateholders and Class B-2 Certificateholders and the Collateral Interest Holder has been deposited into the Collection Account for application, and allocated to the extent necessarySeries 1999-B Certificateholders, as Shared Principal Collections the amount determined in accordance with Section 4.04 of the Agreement to other Series in Group One on the related Distribution Date, and second paid to the Holders of the Transferor Certificates; provided however, that the amount to this subparagraph (ii) shall be paid to the Holders Holder of the Exchangeable Transferor Certificates pursuant to this subsection 4.1(a)(ii) on any Date of Processing shall be paid to such Holders Certificate only if the Transferor Amount Interest on such Date of Processing is greater than the Required Minimum Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance Interest (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Collection Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 subsection 4.03(f) of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount during a Monthly Period, an amount equal to the sum of (x) the Class C Principal Percentage of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables and (y) the Class B Principal Percentage of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables ("Subordinate Principal Collections") on each Date of Processing with respect to such Monthly Period shall be deposited and retained in the Collection Account during such Monthly PeriodAgreement.

Daily Allocations. During (a) The portion of the Revolving Period. During Aggregate Daily Collections allocated to Series 1997-A pursuant to Article III of the Revolving Period, the Servicer shall, on or prior to the close of business on the second Business Day following any Date of Processing, allocate the following amounts Agreement shall be allocated and distributed as set forth below:in this Article III by the Trustee based solely on the information provided it by the Servicer in the Daily Report (upon which the Trustee may conclusively rely): (i) Allocate to the Series 1998-1 Holders the product of (x) the Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processingeach Business Day, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period); (ii) Allocate to the Series 1998-1 Holders an amount equal to the product of Accrued Expense Amount for such day (or, during the Series 1997-A Revolving Period, such greater amount as the Company may request in writing) shall be transferred from the Series 1997-A Collection Subaccount to the Series 1997-A Non-Principal Collection Sub-subaccount; provided, that (A) on the Principal Allocation Percentage on such Date tenth Business Day of Processing each Accrual Period (and each Business Day thereafter, if necessary, until the full amount of any positive Accrued Expense Adjustment is transferred), (B) on the aggregate day of any Increase occurring after the tenth Business Day of the applicable Accrual Period (and each Business Day thereafter, if necessary, until the full amount of Collections of Principal Receivables on such Date of Processing, which amount shall be first, if any other Principal Sharing Series in Group One positive Accrued Expense Adjustment is outstanding and in its Amortization Period or Accumulation Period (as such terms are defined in the Agreementtransferred), retained in (C) on the Collection Account for application, to day of any Decrease occurring after the extent necessary, as Shared Principal Collections in accordance with Section 4.04 tenth Business Day of the Agreement to other Series in Group One applicable Accrual Period and (D) on the related Distribution Date, and second paid to the Holders last Business Day of the Transferor Certificates; provided however, that the amount to be paid to the Holders of the Transferor Certificates pursuant to this subsection 4.1(a)(ii) on any Date of Processing shall be paid to such Holders only if the Transferor Amount on such Date of Processing is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount during a Monthly each Accrual Period, an amount equal to the sum Accrued Expense Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 1997- A Collection Subaccount to the Series 1997-A Non- Principal Collection Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 1997-A Non-Principal Collection Sub- subaccount to the Series 1997-A Collection Subaccount (or deducted from the transfer in respect of the Accrued Expense Amount for such day); and (ii) on each Business Day (including Distribution Dates), following the transfers pursuant to clause (i) above, any remaining funds on deposit in the Series 1997-A Collection Subaccount shall be transferred by the Trustee to the Series 1997-A Principal Collection Sub-subaccount. (i) On each Business Day during the Series 1997-A Revolving Period (including Distribution Dates), after giving effect to (x) the Class C Principal Percentage all allocations of the product of the Principal Allocation Percentage Aggregate Daily Collections referred to in subpara graphs (a)(i) and the aggregate amount of Collections of Principal Receivables (a)(ii) on such Business Day and (y) any deposit resulting from an Increase, if any, pursuant to Subsection 2.05(c) on such Business Day, amounts on deposit in the Class B Series 1997-A Principal Percentage Collection Sub-subaccount shall be distributed by the Trustee, based solely on the information provided to the Trustee by the Servicer in the Daily Report (upon which the Trustee may conclusively rely), (A) first, to pay Excess Program Costs and (B) second, to the Company (but only to the extent that the Trustee has received a Daily Report which reflects the receipt of the product Collections on deposit therein) in accordance with directions contained in the Daily Report or to such accounts or such persons as the Company may direct in writing (which directions may consist of standing instructions provided by the Company that shall remain in effect until changed by the Company in writing); provided that such distribution, whether under clause (A) or (B), shall be made only if no Early Amortization Event set forth in Section 7.01 of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables Agreement or subsections ("Subordinate Principal Collections"a), (d) on each Date of Processing (but only with respect to a Servicer Default set forth in subsection 6.01(e) of the Servicing Agreement), (g), (j) or (k) of Section 5.01 of this Supplement or Potential Early Amortization Event relating to any such Monthly Period Early Amortization Event (other than an event set forth in clause (i) or (ii) of Section 7.01(a) of the Pooling Agreement has occurred and is continuing and only to the extent that if, after giving effect to such distribution, the Series 1997-A Target Receivables Amount would not exceed the Series 1997-A Allocated Receivables Amount; provided further that if the Company or the Servicer, on behalf of the Company, shall have given the Agent and the Trustee irrevocable written notice (effective upon receipt) at least one Business Day prior to such day (or, in the case of the Floating Tranche, notice may be given on such day), the Company or the Servicer may instruct the Trustee in writing (specifying the related amount) to withdraw all or a portion of such amounts on deposit in the Series 1997-A Principal Collection Sub-subaccount and apply such withdrawn amounts toward the reduction of the Series 1997-A Invested Amount and the Series 1997-A Subordinated Interest Amount in accordance with Section 2.06. Amounts distributed to the Company hereunder shall be deposited deemed to be paid first from Collections received directly by the Servicer and retained second from Collections received in the Lockboxes. Series 1997-A Supplement (ii) During the Series 1997-A Amortization Period, amounts on deposit in the Series 1997-A Principal Collection Account Sub-subaccount on each Distribution Date shall be distributed on such Distribution Date in accordance with subsection 3A.06(c). No amounts on deposit in the Series 1997-A Principal Collection Sub-subaccount shall be distributed by the Trustee to the Company or the holder of the Series 1997-A Subordinated Interest during such Monthly the Series 1997-A Amortization Period. (c) On each Business Day, an amount equal to the Daily Interest Deposit for such day shall be transferred by the Trustee, based solely on the information provided to the Trustee by the Servicer in the Daily Report (upon which the Trustee may conclusively rely), from the Series 1997-A Non- Principal Collection Sub-subaccount to the Series 1997-A Accrued Interest Sub-subaccount provided, that, on each Business Day that a transfer of funds is required to be made in respect of an Accrued Expense Adjustment pursuant to the proviso contained in subsection 3A.03(a)(i), an amount equal to the Daily Interest Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 1997-A Non-Principal Collection Sub-subaccount to the Series 1997-A Accrued Interest Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 1997-A Accrued Interest Sub-subaccount to the Series 1997-A Non- Principal Collection Sub-subaccount (or deducted from the transfer in respect of the Daily Interest Deposit for such day). (d) The allocations to be made pursuant to this Section 3A.03 are subject to the provisions of Sections 2.05, 2.06, 7.02, 9.01 and 9.04 of the Agreement.

Daily Allocations. During (a) The portion of the Revolving Period. During Aggregate Daily Collections allocated to Series 1997-2 pursuant to Article III of the Revolving Period, the Servicer shall, on or prior to the close of business on the second Business Day following any Date of Processing, allocate the following amounts Agreement shall be allocated and distributed as set forth below:in this Article III by the Trustee based solely on the information provided it by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely, subject to its obligation to perform the procedures set forth in the Internal Operating Procedures Memorandum): (i) Allocate to the Series 1998-1 Holders the product of (x) the Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processingeach Business Day, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period); (ii) Allocate to the Series 1998-1 Holders an amount equal to the product of Accrued Expense Amount for such day (or, during the Series 1997-2 Revolving Period, such greater amount as the Company may request in writing) shall be transferred from the Series 1997-2 Collection Subaccount to the Series 1997-2 Non-Principal Collection Sub-subaccount; provided, that (A) on the Principal Allocation Percentage on such Date tenth Business Day of Processing each Accrual Period (and each Business Day thereafter, if necessary, until the full amount of any positive Accrued Expense Adjustment is transferred), (B) on the aggregate day of any Increase (and each Business Day thereafter, if necessary, until the full amount of Collections of Principal Receivables on such Date of Processing, which amount shall be first, if any other Principal Sharing Series in Group One positive Accrued Expense Adjustment is outstanding and in its Amortization Period or Accumulation Period (as such terms are defined in the Agreementtransferred), retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections in accordance with Section 4.04 of the Agreement to other Series in Group One (C) on the related Distribution Date, day of any Decrease and second paid to the Holders of the Transferor Certificates; provided however, that the amount to be paid to the Holders of the Transferor Certificates pursuant to this subsection 4.1(a)(ii(D) on any Date the last Business Day of Processing shall be paid to such Holders only if the Transferor Amount on such Date of Processing is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount during a Monthly each Accrual Period, an amount equal to the sum of Accrued Expense Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 1997-2 Collection Subaccount to the Series 1997-2 Non-Principal Collection Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 1997-2 Non-Principal Collection Sub-subaccount to the Series 1997-2 Collection Subaccount (x) or deducted from the Class C Principal Percentage transfer in respect of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables and Accrued Expense Amount for such day); and (y) the Class B Principal Percentage of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables ("Subordinate Principal Collections"ii) on each Date Business Day (including Distribution Dates), following the transfers pursuant to clause (i) above, any remaining funds on deposit in the Series 1997-2 Collection Subaccount shall be transferred by the Trustee to the Series 1997-2 Principal Collection Sub-subaccount. (i) On each Business Day during the Series 1997-2 Revolving Period (including Distribution Dates), after giving effect to all allocations of Processing Aggregate Daily Collections referred to in subparagraphs (a)(i) and (a)(ii) on such Business Day, amounts on deposit in the Series 1997-2 Principal Collection Sub-subaccount (including any amounts transferred thereto to subsection 3A.03(c)(i) of the Series 1997-1 Supplement) shall be distributed by the Trustee, based solely on the information provided to the Trustee by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely, subject to its obligation to perform the procedures set forth in the Internal Operating Procedures Memorandum), (A) first, to pay Excess Program Costs and (B) second, to the Company (but only to the extent that the Trustee has received a Daily Report which reflects the receipt of the Collections on deposit therein) in accordance with directions contained in the Daily Report or to such accounts or such persons as the Company may direct in writing (which directions may consist of standing instructions provided by the Company that shall remain in effect until changed by the Company in writing); provided that such distribution shall be made only if no Early Amortization Event or Potential Early Amortization Event relating to an Early Amortization Event set forth in subsections (a), (d) (but only with respect to a Servicer Default set forth in subsection 6.01(e) of the Servicing Agreement relating to the Master Servicer or to one or more Servicers that are responsible for servicing Receivables representing 15% or more of the Aggregate Receivables Amount), (g), (j) or (k) of Section 5.01 of this Supplement has occurred and is continuing and only to the extent that if, after giving effect to such Monthly Period distribution, the Series 1997-2 Target Receivables Amount would not exceed the Series 1997-2 Supplement Series 1997-2 Allocated Receivables Amount; provided further that if the Company or the Master Servicer, on behalf of the Company, shall have given the Agent and the Trustee irrevocable written notice (effective upon receipt) at least one Business Day prior to such day (or, in the case of the Floating Tranche, notice may be given on such day), the Company or the Master Servicer may instruct the Trustee in writing (specifying the related amount) to withdraw all or a portion of such amounts on deposit in the Series 1997-2 Principal Collection Sub-subaccount (including any amounts transferred thereto pursuant to subsection 3A.03(c)(i) of the Series 1997-1 Supplement) and apply such withdrawn amounts toward the reduction of the Series 1997-2 Invested Amount and the Series 1997-2 Subordinated Interest Amount in accordance with Section 2.06. Amounts distributed to the Company hereunder shall be deposited deemed to be paid first from Collections received directly by the Master Servicer and retained second from Collections received in the Lockboxes. (ii) During the Series 1997-2 Amortization Period, amounts on deposit in the Series 1997-2 Principal Collection Account Sub-subaccount on each Distribution Date shall be distributed on such Distribution Date in accordance with subsection 3A.06(c). No amounts on deposit in the Series 1997-2 Principal Collection Sub-subaccount shall be distributed by the Trustee to the Company or the holder of the Series 1997-2 Subordinated Interest during such Monthly the Series 1997-2 Amortization Period. (c) On each Business Day, an amount equal to the Daily Interest Deposit for such day shall be transferred by the Trustee, based solely on the information provided to the Trustee by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely, subject to its obligation to perform the procedures set forth in the Internal Operating Procedures Memorandum), from the Series 1997-2 Non-Principal Collection Sub-subaccount to the Series 1997-2 Accrued Interest Sub-subaccount provided, that, on each Business Day that a transfer of funds is required to be made in respect of an Accrued Expense 42 Series 1997-2 Supplement Adjustment pursuant to the further proviso to subsection 3A.03(a)(i), an amount equal to the Daily Interest Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 1997-2 Non-Principal Collection Sub-subaccount to the Series 1997-2 Accrued Interest Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 1997-2 Accrued Interest Sub-subaccount to the Series 1997-2 Non-Principal Collection Sub-subaccount (or deducted from the transfer in respect of the Daily Interest Deposit for such day). (d) The allocations to be made pursuant to this Section 3A.03 are subject to the provisions of Sections 2.05, 2.06, 7.02, 9.01 and 9.04 of the Agreement.

Daily Allocations. During the Revolving Period. During the Revolving Period, the Servicer shall, on or prior (a) The portion of Aggregate Daily Collections allocated to the close Series 2001-VFC Certificates pursuant to Article III of business on the second Business Day following any Date of Processing, allocate the following amounts Pooling Agreement shall be allocated and distributed as set forth below:in this Article III by the Trustee based solely on the information provided it by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely). (i) Allocate to the Series 1998-1 Holders the product of (x) the Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processing, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period); (ii) Allocate to the Series 1998-1 Holders an amount equal to the product of (A) the Principal Allocation Percentage on such Date of Processing and (B) the aggregate amount of Collections of Principal Receivables on such Date of Processing, which amount shall be first, if any other Principal Sharing Series in Group One is outstanding and in its Amortization Period or Accumulation Period (as such terms are defined in the Agreement), retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections in accordance with Section 4.04 of the Agreement to other Series in Group One on the related Distribution Date, and second paid to the Holders of the Transferor Certificates; provided however, that the amount to be paid to the Holders of the Transferor Certificates pursuant to this subsection 4.1(a)(ii) on any Date of Processing shall be paid to such Holders only if the Transferor Amount on such Date of Processing is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount On each Business Day during a Monthly Settlement Period, an amount equal to the sum excess, if any, of (xA) the Class C Monthly Expense Amount for the related Accrual Period (or such greater amount as the Company may request in writing) over (B) the amount, if any, previously transferred during such Settlement Period to the Series 2001-VFC Non-Principal Percentage Collection Sub-subaccount pursuant to this clause (i), shall be transferred by the Trustee from the Series 2001-VFC Collection Subaccount to the Series 2001-VFC Non-Principal Collection Sub-subaccount. (ii) Following the transfer pursuant to clause (i) above, any remaining funds on deposit in the Series 2001-VFC Collection Subaccount shall be transferred by the Trustee to the Series 2001-VFC Principal Collection Sub-subaccount. (i) On each Business Day during the Series 2001-VFC Revolving Period (including Distribution Dates), after giving effect to all allocations of Aggregate Daily Collections on such Business Day, amounts on deposit in the Series 2001-VFC Principal Collection Sub-subaccount shall (but only to the extent that the Trustee has received a Daily Report which reflects the receipt of the product Collections on deposit therein and after any payments of principal to the VFC Certificateholders pursuant to Section 2.6(a) and Section 3.6(d) have been made) be distributed by the Trustee to the Company in accordance with the directions contained in the Daily Report; provided that such distributions shall be made only if no Potential Early Amortization Event pursuant to clause (e) of Section 5.1 hereof and clauses 7.1(a)(ii) and (iii) of the Principal Allocation Percentage Pooling Agreement and no Early Amortization Period has occurred and is continuing and only to the extent that, after giving effect to such distributions, the Series 2001-VFC Target Receivables Amount would not exceed the Series 2001-VFC Allocated Receivables Amount provided further that if the Master Servicer shall have given notice to the Trustee of a Reduction and the related Principal Distribution Amount, pursuant to subsection 3.6(d), the Trustee shall retain, until the related Funding Change Date, aggregate amounts on deposit in the Series 2001-VFC Principal Collection Sub-subaccount equal to the Principal Distribution Amount in respect thereof; provided still further that in the event that the amount transferred from the Series 2001-VFC Collection Subaccount to the Series 2001-VFC Non-Principal Collection Sub-subaccount on such day pursuant to subsection 3.3(b)(i) is less than the amount required to be so transferred, subject to the limitation set forth in the preceding proviso, the amount on deposit in the Series 2001-VFC Principal Collection Sub-subaccount, up to the amount of Collections such deficiency, shall, net of Principal Receivables and any unpaid Series 2001-VFC Program Costs (y) without giving effect to the Class B Principal Percentage limitation contained in the proviso of the product definition of Series 2001-VFC Program Costs), be transferred to the Series 2001-VFC Non-Principal Collection Sub- subaccount. Amounts distributed to the Company hereunder shall be deemed to be paid first from Collections received directly by the Master Servicer and second from Collections received in the Lockboxes or paid into the Concentration Account. Funds distributed to the Company pursuant to this Section 3.3(c) will be considered "Stored Excess Funds." On any Funding Change Date during the Series 2001-VFC Revolving Period, in addition to the amounts on deposit in the Series 2001-VFC Principal Sub- subaccount, Stored Excess Funds distributed to the Company since the preceding Funding Change Date will be available to be distributed by the Trustee to the VFC Certificateholders to reduce the Invested Amount as provided in Section 2.6(a) and 3.6(d) hereof. (ii) On each Business Day during the Series 2001-VFC Amortization Period (including Distribution Dates), funds deposited in the Series 2001-VFC Principal Collection Sub-subaccount shall be invested in accordance with Section 3.2(b) and such funds (net of interest and investment earnings) shall be distributed on each Funding Change Date in accordance with Section 3.6(c). Except as otherwise provided in Section 3.6(c), no amounts on deposit in the Series 2001-VFC Principal Collection Sub-subaccount shall be distributed by the Trustee to the Company during the Series 2001-VFC Amortization Period. (iii) The allocations to be made pursuant to this Section 3.3 are subject to the provisions of Sections 2.6, 7.2, 9.1 and 9.2 of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables ("Subordinate Principal Collections") on each Date of Processing with respect to such Monthly Period shall be deposited and retained in the Collection Account during such Monthly PeriodPooling Agreement.

Daily Allocations. During the Revolving Period. During the Revolving Period, the Servicer shall, on or prior (a) The portion of Aggregate Daily Collections allocated to the close Term Certificates and the Series 1997-1 Subordinated Interest pursuant to Article III of business on the second Business Day following any Date of Processing, allocate the following amounts Agreement shall be allocated and distributed as set forth below:in this Article III by the Trustee based solely on the information provided it by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely, subject to its obligation to perform the procedures set forth in the Internal Operating Procedures Memorandum). (i) Allocate to the Series 1998-1 Holders the product of (x) the Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Finance Charge Receivables on such Date of ProcessingOn each Business Day, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period); (ii) Allocate to the Series 1998-1 Holders an amount equal to the product of Accrued Expense Amount for such day (or, during the Series 1997-1 Revolving Period, such greater amount as the Company may request in writing) shall be transferred by the Trustee from the Series 1997-1 Series 1997-1 Supplement 44 Collection Subaccount to the Series 1997-1 Non-Principal Collection Sub-subaccount; provided, that (A) on the Principal Allocation Percentage on such Date tenth Business Day of Processing each Accrual Period (and each Business Day thereafter, if necessary, until the full amount of any positive Accrued Expense Adjustment is transferred), (B) the aggregate amount of Collections of Principal Receivables on such Date of Processing, which amount shall be first, if any other Principal Sharing Series in Group One is outstanding and in its Amortization Period or Accumulation Period (as such terms are defined in the Agreement), retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections in accordance with Section 4.04 of the Agreement to other Series in Group One on the related Distribution Date, day of any Reduction and second paid to the Holders of the Transferor Certificates; provided however, that the amount to be paid to the Holders of the Transferor Certificates pursuant to this subsection 4.1(a)(ii(C) on any Date the last Business Day of Processing shall be paid to such Holders only if the Transferor Amount on such Date of Processing is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount during a Monthly each Accrual Period, an amount equal to the sum of Accrued Expense Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 1997-1 Collection Subaccount to the Series 1997-1 Non-Principal Collection Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 1997-1 Non-Principal Collection Sub-subaccount to the Series 1997-1 Collection Subaccount (x) or deducted from the Class C Principal Percentage transfer in respect of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables and Accrued Expense Amount for such day); and (y) the Class B Principal Percentage of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables ("Subordinate Principal Collections"ii) on each Date Business Day (including Distribution Dates), following the transfers pursuant to clause (i) above, any remaining funds on deposit in the Series 1997-1 Collection Subaccount shall be transferred by the Trustee to the Series 1997-1 Principal Collection Sub-subaccount. (i) On each Business Day during the Series 1997-1 Revolving Period (including Distribution Dates), after giving effect to all allocations of Processing Aggregate Daily Collections referred to in subparagraphs (b)(i) and (b)(ii) on such Business Day, amounts on deposit in the Series 1997-1 Principal Collection Sub-subaccount shall be distributed or transferred by the Trustee, based solely on the information provided to the Trustee by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely, subject to its obligation to perform the procedures set forth in the Internal Operating Procedures Memorandum), (A) first, to pay Excess Program Costs and (B) second, (I) to the Company as the holder of the Series 1997-1 Subordinated Interest in accordance with the directions contained in Series 1997-1 Supplement 45 the Daily Report, (II) at the election of the Company as the holder of the Series 1997-1 Subordinated Interest, by written notice to the Master Servicer and the Trustee, to such accounts or to such Persons as the Company may direct in writing (which directions may consist of standing instructions provided by the Company that shall remain in effect until changed by the Company in writing) or (III) at the election of the Company as the holder of the Series 1997-1 Subordinated Interest, by written notice to the Master Servicer and the Trustee, to the Series 1997-2 Principal Collection Sub-subaccount; provided that such distributions or transfers, as the case may be, shall be made only if no Early Amortization Event or Potential Early Amortization Event relating to an Early Amortization Event set forth in subsections (a), (d) (but only with respect to a Servicer Default set forth in subsection 6.01(e) of the Servicing Agreement relating to the Master Servicer or to one or more Servicers that are responsible for servicing Receivables representing 15% or more of the Aggregate Receivables Amount) or (e), (j) or (k) of Section 5.01 of this Supplement has occurred and is continuing and only to the extent that, if, after giving effect to such Monthly Period distributions or transfers, the Series 1997-1 Target Receivables Amount would not exceed the Series 1997-1 Allocated Receivables Amount; provided further that if the Company or the Master Servicer, on behalf of the Company, shall have given a notice of a Reduction and the related Reduction Amount to the Trustee and the Master Servicer pursuant to subsection 2.06(a) and the Trustee shall have received such notice, the Trustee shall retain, until the related Special Distribution Date, aggregate amounts on deposit in the Series 1997-1 Principal Collection Sub-subaccount equal to the sum of the Reduction Amount in respect thereof. Amounts distributed to the Company hereunder shall be deposited deemed to be paid first from Collections received directly by the Master Servicer and retained second from Collections received in the Lockboxes. Series 1997-1 Supplement 46 (ii) During the Series 1997-1 Amortization Period, amounts on deposit in the Series 1997-1 Principal Collection Account Subsubaccount on each Distribution Date shall be distributed on such Distribution Date in accordance with subsection 3A.06(c). No amounts on deposit in the Series 1997-1 Principal Collection Sub-subaccount shall be distributed by the Trustee to the Company during such Monthly Period.the Series 1997-1

Daily Allocations. During (a) The portion of the Revolving Period. During Aggregate Daily Collections allocated to Series 2000-1 pursuant to Article III of the Revolving Period, the Servicer shall, on or prior to the close of business on the second Business Day following any Date of Processing, allocate the following amounts Agreement shall be allocated and distributed as set forth below:in this Article III by the Trustee based solely on the information provided it by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely): (i) Allocate to the Series 1998-1 Holders the product of (x) the Floating Allocation Percentage on such Date of Processing and (y) the aggregate amount of Collections of Finance Charge Receivables on such Date of Processingeach Business Day, and of that allocation, deposit and retain in the Collection Account an amount equal to Monthly Interest for the related Distribution Date (plus, if Travelers Bank & Trust, fsb is not the Servicer, the Monthly Servicing Fee for such Monthly Period); (ii) Allocate to the Series 1998-1 Holders an amount equal to the product of Accrued Expense Amount for such day (or, during a Series 2000-1 Revolving Period, such greater amount as the Company may request in writing) shall be transferred from the Series 2000-1 Collection Subaccount to the Series 2000-1 Non-Principal Collection Sub-subaccount; provided, that (A) on the Principal Allocation Percentage on such Date tenth Business Day of Processing each Accrual Period (and each Business Day thereafter, if necessary, until the full amount of any positive Accrued Expense Adjustment is transferred), (B) on the aggregate day of any Increase (and each Business Day thereafter, if necessary, until the full amount of Collections of Principal Receivables on such Date of Processing, which amount shall be first, if any other Principal Sharing Series in Group One positive Accrued Expense Adjustment is outstanding and in its Amortization Period or Accumulation Period (as such terms are defined in the Agreementtransferred), retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections in accordance with Section 4.04 of the Agreement to other Series in Group One (C) on the related Distribution Date, day of any Decrease and second paid to the Holders of the Transferor Certificates; provided however, that the amount to be paid to the Holders of the Transferor Certificates pursuant to this subsection 4.1(a)(ii(D) on any Date the last Business Day of Processing shall be paid to such Holders only if the Transferor Amount on such Date of Processing is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance (after giving effect to all Principal Receivables transferred to the Trust on such day and any amounts deposited in the Excess Funding Account on such day) and otherwise shall be deposited in the Excess Funding Account until the Transferor Amount is greater than the Required Transferor Amount and an amount equal to the product of (I) the aggregate amount of Principal Receivables and (II) one minus the Discount Percentage is greater than the Required Principal Balance and applied in accordance with Section 4.02 of the Agreement and the remainder shall be paid to the Holders of the Transferor Certificates; provided further, however, that if and for so long as the Class C Invested Amount is less than the Required Class C Invested Amount during a Monthly each Accrual Period, an amount equal to the sum of Accrued Expense Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 2000-1 Collection Subaccount to the Series 2000-1 Non-Principal Collection Sub-subaccount or, if such adjustment is a negative amount, be transferred from the Series 2000-1 Non-Principal Collection Sub-subaccount to the Series 2000-1 Collection Subaccount (x) or deducted from the Class C Principal Percentage transfer in respect of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables and Accrued Expense Amount for such day); and (y) the Class B Principal Percentage of the product of the Principal Allocation Percentage and the aggregate amount of Collections of Principal Receivables ("Subordinate Principal Collections"ii) on each Date of Processing with respect Business Day (including Distribution Dates), following the transfers pursuant to such Monthly Period clause (i) above, any remaining funds on deposit in the Series 2000-1 Collection Subaccount shall be deposited transferred by the Trustee to the Series 2000-1 Principal Collection Sub-subaccount. (i) On each Business Day during a Series 2000-1 Revolving Period (including Distribution Dates), after giving effect to all allocations of Aggregate Daily Collections referred to in subsections (a)(i) and retained (a)(ii) above on such Business Day, amounts on deposit in the Series 2000-1 Principal Collection Account Sub-subaccount (including any amounts transferred thereto pursuant to Section 3.03(c)(i) of any Supplement) shall be distributed by the Trustee, based solely on the information provided to the Trustee by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely), (A) first, to pay Excess Program Costs (first, to the Initial Purchaser, second to the Insurer, third, to the Agent, and fourth, to any other Persons to whom such Excess Program Costs are owed, ratably in accordance with the amounts owed) and (B) second, to the (ii) During any Series 2000-1 Amortization Period, amounts on deposit in the Series 2000-1 Principal Collection Sub-subaccount on each Distribution Date shall be distributed on such Distribution Date in accordance with Section 3.06(c). No amounts on deposit in the Series 2000-1 Principal Collection Sub-subaccount shall be distributed by the Trustee to the Company or the holder of the Series 2000-1 Subordinated Interest during such Monthly a Series 2000-1 Amortization Period. (c) On each Business Day, an amount equal to the Daily Interest Deposit for such day shall be transferred by the Trustee, based solely on the information provided to the Trustee by the Master Servicer in the Daily Report (upon which the Trustee may conclusively rely), from the Series 2000-1 Non-Principal Collection Sub-subaccount to the Series 2000-1 Accrued Interest Sub-subaccount; provided, that, on each Business Day that a transfer of funds is required to be made in respect of an Accrued Expense Adjustment pursuant to the proviso to Section 3.03(a)(i), an amount equal to the Daily Interest Adjustment shall, if such adjustment is a positive amount, be transferred from the Series 2000-1 Non-Principal Collection Sub-subaccount to the Series 2000-1 Accrued Interest Sub-subaccount or, if such adjustment is a negative amount, be transferred from (d) The allocations to be made pursuant to this Section 3.03 are subject to the provisions of Sections 2.05, 2.06, 7.02, 9.01 and 9.04 of the Agreement.