Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal") distributable with respect to the Series [ ] Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that for each Distribution Date with respect to the Accumulation Period, Monthly Principal, at the option of the Seller, may be increased to include amounts otherwise payable or distributable to the Seller (including without limitation (i) amounts allocable to other Series but not required to be paid to such other Series on such Distribution Date and not required to be kept in a deposit account for such other Series after such Distribution Date and (ii) Collections otherwise allocable to the Seller's Interest)) or may be limited to the Controlled Deposit Amount for such Distribution Date; and provided further, however, that Monthly Principal shall not exceed the outstanding principal balance of the Series [ ] Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust), Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust)
Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal") distributable payable with respect to the Series [ ] 2003-1 Certificates on each Distribution Payment Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Payment Date; provided, however, that for each Distribution Payment Date with respect to the Accumulation Period, Monthly Principal, at the option of the SellerTransferor, may be increased to include amounts otherwise payable or distributable to the Seller Transferor (including without limitation (i) amounts allocable to other Series but not required to be paid to such other Series on such Distribution Payment Date and not required to be kept in a deposit account for such other Series after such Distribution Payment Date and (ii) Collections otherwise allocable to the SellerTransferor's Interest)) or may be limited to the Controlled Deposit Amount for such Distribution Payment Date; and provided further, however, that Monthly Principal shall not exceed the outstanding principal balance of the Series [ ] 2003-1 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CDF Financing LLC)
Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal") distributable with respect to the Series [ ] 2000-3 Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that for each Distribution Date with respect to the Accumulation Period, Monthly Principal, at the option of the Seller, may be increased to include amounts otherwise payable or distributable to the Seller (including without limitation (i) amounts allocable to other Series but not required to be paid to such other Series on such Distribution Date and not required to be kept in a deposit account for such other Series after such Distribution Date and (ii) Collections otherwise allocable to the Seller's Interest)) or may be limited to the Controlled Deposit Amount for such Distribution Date; and provided further, however, that Monthly Principal shall not exceed the outstanding principal balance of the Series [ ] 2000-3 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust)
Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal") distributable with respect to the Series [ ] 2000-1 Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that for each Distribution Date with respect to the Accumulation Period, Monthly Principal, at the option of the Seller, may be increased to include amounts otherwise payable or distributable to the Seller (including without limitation (i) amounts allocable to other Series but not required to be paid to such other Series on such Distribution Date and not required to be kept in a deposit account for such other Series after such Distribution Date and (ii) Collections otherwise allocable to the Seller's Interest)) or may be limited to the Controlled Deposit Amount for such Distribution Date; and provided further, however, that Monthly Principal shall not exceed the outstanding principal balance of the Series [ ] 2000-1 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal") distributable with respect to the Series [ ] 2000-2 Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that for each Distribution Date with respect to the Accumulation Period, Monthly Principal, at the option of the Seller, may be increased to include amounts otherwise payable or distributable to the Seller (including without limitation (i) amounts allocable to other Series but not required to be paid to such other Series on such Distribution Date and not required to be kept in a deposit account for such other Series after such Distribution Date and (ii) Collections otherwise allocable to the Seller's Interest)) or may be limited to the Controlled Deposit Amount for such Distribution Date; and provided further, however, that Monthly Principal shall not exceed the outstanding principal balance of the Series [ ] 2000-2 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal") distributable payable with respect to the Series [ ] 2003-2 Certificates on each Distribution Payment Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Payment Date; provided, however, that for each Distribution Payment Date with respect to the Accumulation Period, Monthly Principal, at the option of the SellerTransferor, may be increased to include amounts otherwise payable or distributable to the Seller Transferor (including without limitation (i) amounts allocable to other Series but not required to be paid to such other Series on such Distribution Payment Date and not required to be kept in a deposit account for such other Series after such Distribution Payment Date and (ii) Collections otherwise allocable to the SellerTransferor's Interest)) or may be limited to the Controlled Deposit Amount for such Distribution Payment Date; and provided further, however, that Monthly Principal shall not exceed the outstanding principal balance of the Series [ ] 2003-2 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CDF Financing LLC)