Common use of Determination Date Calculations; Application of Available Funds Clause in Contracts

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Notes; (v) the Priority Principal Distributable Amount; (vi) the Regular Principal Distributable Amount; and (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”); provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Date). (b) On each Determination Date, the Servicer shall instruct the Indenture Trustee to apply (or cause to be applied) on the related Payment Date, the Available Funds for such Payment Date to make the related payments and deposits set forth in Section 2.08 of the Indenture.

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Distribution Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Class A Notes; (v) the Priority Principal Distributable Amount; (vi) the Regular Principal Distributable Amount; and (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”); provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 100,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Distribution Date). (b) On each Determination Date, the Servicer shall instruct the Indenture Trustee to apply (or cause to be applied) on the related Payment Distribution Date, the Available Funds for such Payment Distribution Date to make the related payments and deposits set forth in Section 2.08 of the Indenture.

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Notes; (v) the Priority Principal Distributable Amount; (vi) the Regular Principal Distributable Amount; and (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”); provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS MBFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Date). (b) On each Determination Date, the Servicer shall instruct the Indenture Trustee to apply (or cause to be applied) on the related Payment Date, the Available Funds for such Payment Date to make the related payments and deposits set forth in Section 2.08 of the Indenture.

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Class of Class A Notes; (v) the Priority Principal Distributable AmountAmount for the Class A Notes; (vi) the Regular Principal Distributable Amount; and (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”); provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS MBFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Date). (b) On each Determination Date, the Servicer shall instruct the Indenture Trustee to apply (or cause to be applied) on the related Payment Date, the Available Funds for such Payment Date to make the related payments and deposits set forth in Section 2.08 of the Indenture.

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Notes; (v) the Priority Principal Distributable Amount; (vi) the Regular Principal Distributable Amount; and (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”); provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS MBFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Date). (b) On each Determination Date, the Servicer shall instruct the Indenture Trustee to apply (or cause to be applied) on the related Payment Date, the Available Funds for such Payment Date to make the related payments and deposits set forth in Section 2.08 of the Indenture.

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Distribution Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Notes; (v) the Priority Principal Distributable Amount; (vi) the Regular Principal Distributable Amount; and (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”); provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 100,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Distribution Date). (b) On each Determination Date, the Servicer shall instruct the Indenture Trustee to apply (or cause to be applied) on the related Payment Distribution Date, the Available Funds for such Payment Distribution Date to make the related payments and deposits set forth in Section 2.08 of the Indenture.

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Distribution Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances); (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Class A Notes; (v) the Priority Principal Distributable Amount; (vi) the Regular Principal Distributable Amount; and (vii) the sum of the amounts described in clauses (ii) through (v) above (the “Required Payment Amount”); provided, however, that so long as the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 100,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Distribution Date). (b) On each Determination Date, the Servicer shall instruct the Indenture Trustee to apply (or cause to be applied) on the related Payment Distribution Date, the Available Funds for such Payment Distribution Date to make the related payments and deposits set forth in Section 2.08 of the Indenture. (c) If the Class A-1 Event has occurred, the calculations hereunder for the May 2011 Distribution Dates with respect to the Interest Distributable Amounts, the Priority Principal Distributable Amount, the Regular Principal Distributable Amount, the Required Payment Amount, the Reserve Fund Amount and the Reserve Fund Draw Amount, and the respective components thereof, shall be calculated as if there were a single May 2011 Distribution Date.

Determination Date Calculations; Application of Available Funds. (a) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Payment Distribution Date and Collection Period: (i) the Available Collections; (ii) the Total Servicing Fee (including the amount of any Nonrecoverable Advances)Fee; (iii) if not previously paid, the Total Trustee Fees and the Asset Representations Reviewer Fees; (iv) the Interest Distributable Amount for each Class of interest-bearing Class A Notes; (v) the Priority Principal Distributable Amount; (vi) the Regular Interest Distributable Amount for the Class B Notes; (vii) the Secondary Principal Distributable Amount; and; (viiviii) the Interest Distributable Amount for the Class C Notes; (ix) the Tertiary Principal Distributable Amount; (x) the sum of the amounts described in clauses (ii) through (vix) above (the “"Required Payment Amount”"); provided, however, that so long as and (xi) the Notes have not been accelerated in accordance with the Indenture following an Event of Default, the aggregate amount to be included in the Required Payment Amount pursuant to clause (iii) above shall not exceed $250,000 in any given calendar year; provided, further that the Required Payment Amount with respect to each Payment Date shall be reduced by any unreimbursed Advance and any amounts payable to the Servicer, so long as DTFS USA or any affiliate thereof is the Servicer. On each Determination Date, the Servicer shall calculate the Reserve Fund Regular Principal Distributable Amount, the Reserve Fund Required Amount, the Reserve Fund Draw Amount and the amount, if any, by which the Reserve Fund Required Amount exceeds the Reserve Fund Amount (after giving effect to any deposits to the Reserve Fund and the withdrawal of the Reserve Fund Draw Amount for such Payment Date). (b) On each Determination Date, the Servicer shall calculate the following amounts with respect to the related Distribution Date and Collection Period: (i) the lesser of (A) the amount, if any, by which the Required Payment Amount exceeds Available Collections and (B) the Reserve Fund Amount (before giving effect to any deposits to or withdrawals from the Reserve Fund on such Distribution Date) (such lesser amount, the "Reserve Fund Draw Amount"); provided, however, that the Reserve Fund Draw Amount will equal the Reserve Fund Amount if (1) Available Collections, the amount on deposit in the Yield Supplement Account and the Reserve Fund Amount equals or exceeds the Note Balance, accrued and unpaid interest therein and all amounts on the related Distribution Date required to be paid to the Servicer, the Trustees and the Paying Agent or (2) on the last day of the related Collection Period the Pool Balance is zero; (ii) the Required Reserve Fund Amount (after giving effect to the withdrawal of the Reserve Fund Draw Amount for such Distribution Date); (iii) the amount, if any, by which the Required Reserve Fund Amount exceeds the Reserve Fund Amount (after giving effect to the withdrawal of the Reserve Fund Draw Amount for such Distribution Date) (such excess, the "Reserve Fund Deficiency"); and (iv) the Yield Supplement Account Draw Amount. On each Distribution Date, the Servicer shall instruct the Indenture Trustee or the Paying Agent to transfer and deposit into the Collection Account (i) the Reserve Fund Draw Amount, if any, from the Reserve Fund and (ii) the Yield Supplement Account Draw Amount from the Yield Supplement Account. (c) On each Distribution Date, the Servicer shall instruct the Indenture Trustee and the Paying Agent in writing to apply (or cause to be applied) on the related Payment Date, the Available Funds for such Payment Distribution Date to make the related payments and deposits set forth in Section 2.08 of the Indenture. Any distributions to be made by the Indenture Trustee under the Basic Documents may be made by the Paying Agent.