Common use of Daily Calculations and Series Allocations Clause in Contracts

Daily Calculations and Series Allocations. On each Business Day, Servicer shall calculate the Series Collection Allocation Percentage for Series 1996-1 (and, if necessary for that calculation, the Required Receivables), the Carrying Cost Cash Required Amount and, during the Revolving Period and the Amortization Period, the Base Amount. On each Business Day during the Revolving Period or the Amortization Period, Servicer shall also determine whether the Net Invested Amount is greater than, equal to or less than the Base Amount. Pursuant to Section 4.3 of the Pooling Agreement, Servicer shall allocate the Series Collection Allocation Percentage of available funds received in the Master Collection Account since the preceding Business Day's allocation to Series 1996-1. The portion of funds so allocated, together with any funds released from the Equalization Account in accordance with Section 4.5 on that Business Day, are called the "Daily Series Collections."

Daily Calculations and Series Allocations. On each Business Day, Servicer shall calculate the Series Collection Allocation Percentage for Series 19961998-1 (and, if necessary for that calculation, the Required Receivables)3, the Carrying Cost Cash Required Reserve Amount and, during the Revolving Period and the Amortization Period, the Base Amount. On each Business Day during the Revolving Period or the which is not in an Early Amortization Period, Servicer shall also determine whether the Net Invested Amount is greater than, equal to or less than the Base Amount. Pursuant to Section 4.3 of the Pooling AgreementOn each Business Day, Servicer shall allocate to Series 1998-3 the Series Collection Allocation Percentage of available funds (other than available funds constituting Tricon Collections) received in the Master Collection Account since the preceding Business Day's allocation . The funds allocated to Series 19961998-1. The portion of funds so allocated3 in accordance with the preceding sentence, together with any funds released from the Equalization Account in accordance with Section 4.5 on that Business Day, are called the "Daily Series Collections."

Daily Calculations and Series Allocations. On each Business Day, Servicer shall calculate the Series Collection Allocation Percentage for Series 19961998-1 (and, if necessary for that calculation, the Required Receivables)4, the Carrying Cost Cash Required Reserve Amount and, during the Revolving Period and the Amortization Period, the Base Amount. On each Business Day during the Revolving Period or the which is not in an Early Amortization Period, Servicer shall also determine whether the Net Invested Amount is greater than, equal to or less than the Base Amount. Pursuant to Section 4.3 of the Pooling AgreementOn each Business Day, Servicer shall allocate to Series 1998-4, the Series Collection Allocation Percentage of available funds (other than available funds constituting Tricon Collections) received in the Master Collection Account since the preceding Business Day's allocation . The funds allocated to Series 19961998-1. The portion of funds so allocated4 in accordance with the preceding sentence, together with any funds released from the Equalization Account in accordance with Section 4.5 on that Business Day, are called the "Daily Series Collections"."