Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series 1999-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the ~~Controlled Accumulation~~ Amortization Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; provided, however, that with respect to any Distribution Date during the ~~Controlled Accumulation~~ Amortization Period, Class A Principal may not exceed ~~the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii)~~ the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 A Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution ~~Date~~Date during the Amortization Period, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 A Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution ~~Date~~Date during the Amortization Period, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 A Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal -28- Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series ~~1999~~1998-1 A Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A Certificates ~~for~~ on each Distribution Date ~~during~~ with respect to (A) the ~~Controlled Accumulation~~ Revolving Period ~~or Early~~ shall be an amount equal to the amounts deposited into the Principal Account from the Defeasance Account pursuant to Section 11 of this Series Supplement and (B) the Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated ~~Class B Principal Collections and Reallocated Class C~~ Principal Collections) with respect to the preceding Monthly ~~Period,~~ Period (or, in the case of the Distribution Date in the first Monthly Period in the Amortization Period following the Series 1994-1 Funding Date, the Fixed/Floating Allocation Percentage of Principal Collections from the day following the Series 1994-1 Funding Date), (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class A Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (viv), (~~viii~~vi) and (ixvii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and ~~4.14(a), (b) and (c)~~ 4.14 of the ~~Agreement~~Agreement with respect to such Distribution Date and, ~~and~~ (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to ~~the preceding Monthly Period~~ such Distribution Date and pursuant to subsection 4.3(e) and Section 4.8 of the Agreement; provided, however, that with respect to any ~~Distribution Date during the Controlled Accumulation Period~~Business Day, Class A Principal may not exceed ~~the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii)~~ the Class A Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1997-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B Certificates ~~for~~ on each Distribution ~~Date on or after~~ Date, beginning with the Class B Principal Payment Commencement ~~Date~~ Date, or in the case of distributions of Class B Daily Principal pursuant to the last proviso of this subsection 4.7(b) of the Agreement, on each Business Day, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated ~~Class B Principal Collections and Reallocated Class C~~ Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date in the Amortization Period following the date on which an amount equal to the Class A Invested Amount is ~~deposited in the Principal Account to be applied~~ paid to the ~~payment~~ Class A Certificateholders in respect of Class A Principal, the ~~ABC~~ Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class B Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (~~viii~~v) and (ixvii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) ~~and 4.14(a) and (b)~~ of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to subsection 4.3(e) and Section 4.8 of the Agreement on or and after the Class B Principal Payment Commencement Date; provided, however, ~~that,~~ that with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1997-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. ; provided further, that on any Business Day during any period other than an Early Amortization Period, the Transferor may designate that either (cx) ~~The~~ an amount ~~of principal (the "Class C Principal") with respect~~ up to the ~~Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of~~ lesser of (i) the excess of the Class B Invested Amount over the Stated Class B Amount on such day after taking into account all adjustments of the Class A Invested Amount on such day and (ii) (I) during the Revolving Period an amount equal to (x) the product of the ~~ABC~~ Class B Floating Allocation Percentage and the amount of Principal Collections on such Business Day minus (y) Reallocated Principal Collections on such Business Day or (II) after the Amortization Period Commencement Date an amount equal to (x) the product of the Fixed/Floating Allocation Percentage and the ~~aggregate~~ amount of Principal Collections on such Business Day minus (~~less~~ y) the amount with of ~~Reallocated Class C~~ Principal ~~Collections)~~ Collections to be applied with respect to Class A Principal on such Business Day minus (z) Reallocated Principal Collections on such Business Day (such designated amount, the ~~preceding Monthly Period~~ "Class B Daily Principal") shall be distributed in accordance with subsection 4.9(e) or (~~or, in the case of the first Distribution Date following the date on which~~ y) an amount ~~equal~~ up to the excess of the Class B Invested Amount ~~is deposited in~~ over the ~~Principal Account to be applied to the payment of~~ Stated Class B ~~Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date~~ Amount on ~~which~~ such deposit is made), (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and day after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of (i) an amount equal to the product taking into account all adjustments of the Class ~~D Fixed/Floating Allocation Percentage of Principal Collections (less~~ B Invested Amount on such day, shall be subtracted from the ~~amount of Reallocated~~ Class ~~D Principal Collections) with respect~~ B Invested Amount and added to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series 1999-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested AmountTransferor Interest.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fingerhut Companies Inc)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A Certificates ~~for~~ on each Distribution Date ~~during~~ with respect to (A) the ~~Controlled Accumulation~~ Revolving Period ~~or Early~~ shall be an amount equal to the amounts deposited into the Principal Account from the Defeasance Account pursuant to Section 11 of this Series Supplement plus any Shared Principal Collections allocated to the Class A Certificateholders with respect to such Distribution Date pursuant to Section 4.3(e) of the Agreement and (B) the Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated ~~Class B Principal Collections and Reallocated Class C~~ Principal Collections) with respect to the preceding Monthly ~~Period,~~ Period (or, in the case of the Distribution Date in the first Monthly Period in the Amortization Period following the Series 1994-1 Funding Date, the Fixed/Floating Allocation Percentage of Principal Collections from the day following the Series 1994-1 Funding Date), (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class A Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (v), (vi), (~~viii~~vii) and (ixviii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), ) and (b) ~~and (c)~~ of the ~~Agreement~~Agreement with respect to such Distribution Date and, ~~and~~ (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to ~~the preceding Monthly Period~~ such Distribution Date and pursuant to subsection 4.3(e) and Section 4.8 of the Agreement; provided, however, that with respect to any ~~Distribution Date during the Controlled Accumulation Period~~Business Day, Class A Principal may not exceed ~~the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii)~~ the Class A Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1997-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B Certificates ~~for~~ on each Distribution ~~Date on or after~~ Date, beginning with the Class B Principal Payment Commencement ~~Date~~ Date, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date in the Amortization Period following the date on which an amount equal to the Class A Invested Amount is ~~deposited in the Principal Account to be applied~~ paid to the ~~payment~~ Class A Certificateholders in respect of Class A Principal, the ~~ABC~~ Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class B Certificates pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (~~viii~~v), (vii) and (ixviii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to subsection 4.3(e) and Section 4.8 of the Agreement on or and after the Class B Principal Payment Commencement Date; provided, ~~however~~further, ~~that,~~ that with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1997-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") distributable from the Distribution Account with respect to the Class C Certificates ~~for~~ on each Distribution ~~Date~~ Date, beginning ~~on or after~~ with the Class C Principal Payment Commencement ~~Date~~ Date, or in the case of distributions of Class C Daily Principal pursuant to the last proviso of this subsection 4.7(c) of the Agreement, on each Business Day, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated ~~Class C~~ Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date in the Amortization Period following the date on which an amount equal to the Class B Invested Amount is ~~deposited in the Principal Account to be applied~~ paid to the ~~payment~~ Class B Certificateholders in respect of Class B Principal, the ~~ABC~~ Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any ~~amounts~~ amount on deposit in the Excess Funding Account ~~(other than the Class D Subaccount)~~ allocated to the Class C Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv), (v) and (ixviii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to subsection 4.3(e) and Section 4.8 of the Agreement on and after the Class C Principal Payment Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1997-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. ; provided further, that on any Business Day during any period other than an Early Amortization Period, the Transferor may designate that either (dx) ~~The~~ an amount ~~of principal (the "Class D Principal") with respect~~ up to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of lesser of (i) the excess of the Class C Invested Amount over the Stated Class C Amount on such day after taking into account all adjustments of the Class A Invested Amount and the Class B Invested Amount on such day and (ii) (A) during the Revolving Period an amount equal to (I) the product of the Class D C Floating Allocation Percentage and the amount of Principal Collections on such Business Day minus (II) Reallocated Principal Collections on such Business Day or (B) after the Amortization Period Commencement Date an amount equal to (I) the product of the Fixed/Floating Allocation Percentage and the amount of Principal Collections on such Business Day minus (~~less~~ II) the amount of ~~Reallocated Class D~~ Principal ~~Collections)~~ Collections to be applied with respect to Class A Principal and Class B Principal on such Business Day minus (III) Reallocated Principal Collections on such Business Day (such designated amount, the ~~preceding Monthly Period~~ "Class C Daily Principal") shall be distributed in accordance with subsection 4.9(e) or (~~or, in the case of the first Distribution Date following the date on which~~ y) an amount ~~equal~~ up to the excess of the Class C Invested Amount ~~is deposited in~~ over the ~~Principal Account to~~ Stated Class C Amount on such day after taking into account all adjustments of the Class C Invested Amount on such day, shall be ~~applied~~ subtracted from the Class C Invested Amount and added to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series 1999-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested AmountTransferor Interest.

Appears in 1 contract

Samples: Amended and Restated Series 1997 1 Supplement (Fingerhut Companies Inc)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A Certificates ~~for~~ on each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii), (ix) and (ixx) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~1995-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B Certificates ~~for~~ on each Distribution Date on or after the Class ~~B Principal Commencement~~ A Scheduled Payment Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class B Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii), (ix) and (ixx) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement on or after the Class ~~B Principal Commencement~~ A Scheduled Payment Date; provided, however, that, with respect to any Distribution ~~Date~~Date during the Controlled Accumulation Period, Class B Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class B Invested Amount; provided, further, that with respect to the Series ~~1999~~1995-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") distributable from the Distribution Account with respect to the Class C Certificates ~~for~~ on each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account ~~(other than the Class D Subaccount)~~ allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv), (ix) and (ixx) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement on and after the Class C Principal Commencement Date; provided~~, however~~, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series ~~1999~~1995-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") distributable from the Distribution Account with respect to the Class D Certificates ~~for~~ on the Transfer Date preceding the Class D Principal Commencement Date, and ~~for~~ on each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series ~~1999~~1995-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A Certificates ~~for~~ on each Distribution Date during the Controlled Accumulation ~~Period or Early Amortization~~ Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (vivii), (~~viii~~x), (xi) and (ixxii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the ~~lesser of (i) the~~ Class A Controlled ~~Deposit~~ Distribution Amount for such Distribution ~~Date and (ii)~~ Date; provided, further, that with respect to any Distribution Date, Class A Principal may not exceed the Class A Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B Certificates ~~for~~ on each Distribution Date on or after the Class ~~B Principal Commencement~~ A Scheduled Payment Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class B Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (~~viii~~x), (xi) and (ixxii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement on or after the Class ~~B Principal Commencement~~ A Scheduled Payment Date; provided, however, that, with respect to any Distribution Date during the Controlled Accumulation Period, Class B Principal may not exceed the Class B Controlled Distribution Amount for such Distribution Date; provided, further, that with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") distributable from the Distribution Account with respect to the Class C Certificates ~~for~~ on each Distribution ~~Date~~ Date, beginning on or after the Class C Principal Commencement ~~Date~~ Date, shall ~~equal~~ be an amount equal to and calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account ~~(other than the Class D Subaccount)~~ allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series 1999-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A ~~Certificates~~ Certificate on each Business Day with respect to (A) the Revolving Period (except for ~~each Distribution Date~~ any portion of the Revolving Period during a Class A Pay Down Period) shall be an amount equal to the ~~Controlled Accumulation~~ sum of (x) amounts deposited into the Principal Account from the Defeasance Account pursuant to Section 9A of this Series Supplement and (y) the amount, if any, specified in the last sentence of Section 3A(i) of this Series Supplement and (B) the Amortization Period or ~~Early Amortization~~ the Class A Pay Down Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to ~~the preceding Monthly Period,~~ such Business Day, (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class A ~~Certificates~~ Certificate pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ with respect to ~~the preceding Monthly Period,~~ such Busi- ness Day, (iii) the amount, if any, allocated to the Class A ~~Certificates~~ Certificate pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (vivii), (viii) ), (xi), and (ixxii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and ~~4.14(a~~4.15(a), (b) and (c) ~~of the Agreement~~on such Business Day, ~~and~~ (iv) the amount of Shared Principal Collections allocated to the Class A ~~Certificates~~ Certificate with respect to ~~the preceding Monthly Period~~ such Business Day pursuant to Section ~~4.8~~ 4.3(d) and (v) the amount, if any, specified in the last sentence of ~~the Agreement~~Section 3A(i) of this Series Supplement; provided, however, that with respect to any ~~Distribution Date during the Controlled Accumulation Period~~Business Day, Class A Principal may not exceed the ~~lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the~~ Class A Invested Amount; provided, ~~further~~fur- ther, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B Certificates ~~for~~ on each ~~Distribution Date on or after~~ Distri- bution Date, beginning with the Class B Principal Payment Commencement ~~Date~~ Date, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date ~~following~~ in the Amortization Period fol- lowing the date on which an amount equal to the Class A Invested Amount is ~~deposited in the Principal Account to be applied~~ paid to the ~~payment~~ Class A Certificateholder in respect of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class B Certificates pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (~~viii~~vii), (xi) and (ixxii) 42 of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and ~~4.14(a~~4.15(a) and (b) of the Agreement with respect to such Distribution ~~Date and~~ Date, (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(d) of the Agreement on or and after the Class B Principal Payment Commencement ~~Date~~Date and (v) the amount, if any, specified in the last sentence of Section 3A(i) of this Series Supplement; provided, ~~however~~further, ~~that,~~ that with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") distributable from the Distribution Account with respect to the Class C Certificates ~~for~~ on each ~~Distribution Date~~ Distri- bution Date, beginning ~~on or after~~ with the Class C Principal Payment Commencement ~~Date~~ Date, shall ~~equal~~ be an amount ~~calculated~~ equal to and calcu- lated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account ~~(other than the Class D Subaccount)~~ allocated to the Class C Certificates pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (vii) and (ixxii) of the Agreement and, with respect to such ~~Distribution Date and~~ subsections, pursuant to subsections 4.10(a) and (b) and 4.15(a) on such Busi- ness Day, (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(d) of the Agreement on and after the Class C Principal Payment Commencement ~~Date~~Date and (v) the amount, if any, specified in the last sentence of Section 3A(i) of this Series Supplement; ~~provided, however,~~ provided that with respect to any ~~Distribution~~ Distribu- tion Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class C Principal shall be an amount equal to the Class C ~~Invested~~ Invest- ed Amount. (d) The amount of principal (the "Class D Principal") distributable from the Distribution Account with respect to the Class D ~~Certificates for the Transfer~~ Certificate on each Distribu- tion Date ~~preceding~~ beginning with the Class D Principal Payment Commencement Date, ~~and for each Transfer Date thereafter until~~ or in the ~~Trust is terminated or until the~~ case of distributions of Class D ~~Invested Amount is paid in full~~Daily Principal pursuant to the last proviso of this subsection 4.7(d), on each Business Day, shall ~~equal~~ be an amount equal to and calculated as follows: the sum of of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal ~~Collections~~ Collec- tions (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be ~~applied~~ ap- plied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal ~~Collections~~ Collec- tions from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D ~~Certificates~~ Certificate pursuant to ~~subsection~~ subsec- tion 4.9(d) ~~of the Agreement~~ with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D ~~Certificates~~ Certificate pursuant to subsections ~~4.9(a)(v~~4.9(a)(vi), (vii) and (xxiii) of the Agreement and, with respect to such ~~subsections~~subsec- tions, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; ~~provided~~provid- ed, however, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount; provided further, that on any Business Day during any period other than an Early Amortization Period or Class A Pay Down Period, the Transferor may designate that either (x) an amount up to the lesser of (i) the excess of the Class D Invested Amount over the Stated Class D Amount on such day after taking into account all adjustments of the Class A Invested Amount on such day and (ii) (I) during the Revolving Period an amount equal to (x) the product of the Class D Floating Allocation Percentage and the amount of Principal Collections on such Business Day minus (y) Reallocated Class D Principal Collections on such Business Day or (II) after the Amortization Period Commencement Date an amount equal to (x) the product of the Class D Fixed/Floating Allocation Percentage and the amount of Principal Collections on such Business Day minus (y) Reallocated Class D Principal Collections on such Business Day (such designated amount, the "Class D Daily Principal") shall be distributed in accordance with subsection 4.9(f) or (y) an amount up to the excess of the Class D Invested Amount over the Stated Class D Amount on such day after taking into account all adjust- ments of the Class A Invested Amount on such day, shall be subtracted from the Class D Invested Amount and added to the Transferor Interest.

Appears in 1 contract

Samples: Series Supplement (Metris Companies Inc)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 2 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution ~~Date~~Date during the Controlled Accumulation Period, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 2 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the ~~Pre-~~ Pre-Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, ~~that with~~ thatwith respect to the Series ~~1999~~1998-1 2 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series ~~1999~~1998-1 2 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account with respect to the Class A ~~Certificates~~ Security on each Business Day with respect to (A) the Revolving Period (except for ~~each Distribution Date~~ any portion of the Revolving Period during a Class A Pay Down Period) shall be an amount equal to the ~~Controlled Accumulation~~ sum of (x) amounts deposited into the Principal Account from the Defeasance Account pursuant to Section 9A of this Series Supplement and (y) the amount, if any, specified in the last sentence of Section 3A(i) of this Series Supplement and (B) the Amortization Period or ~~Early Amortization~~ the Class A Pay Down Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating ~~Allocation~~ Percentage and the aggregate amount of Principal Collections (less the amount of ~~Reallocated~~ Redirected Class B Principal Collections, and Redirected CTO Principal Collections and ~~Reallocated~~ Redirected Class C D Principal Collections) with respect to ~~the preceding Monthly Period,~~ such Business Day, (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class A ~~Certificates~~ Security pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ with respect to ~~the preceding Monthly Period,~~ such Business Day, (iii) the amount, if any, allocated to the Class A ~~Certificates~~ Security pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (vi), (~~viii~~vii), (x), (xi) and (ixxii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) ~~of the Agreement~~on such Business Day, ~~and~~ (iv) the amount of Shared Principal Collections allocated to the Class A ~~Certificates~~ Security with respect to ~~the preceding Monthly Period~~ such Business Day pursuant to Section ~~4.8~~ 4.3(d) and (v) the amount, if any, specified in the last sentence of ~~the Agreement~~Section 3A(i) of this Series Supplement; ~~provided~~PROVIDED, ~~however~~HOWEVER, that with respect to any ~~Distribution Date during the Controlled Accumulation Period~~Business Day, Class A Principal may not exceed the ~~lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the~~ Class A Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the Scheduled Series ~~1999~~1998-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") distributable from the Distribution Account with respect to the Class B ~~Certificates for~~ Securities on each Distribution ~~Date on or after~~ Date, beginning with the Class B Principal Payment Commencement ~~Date~~ Date, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating ~~Allocation~~ Percentage and the aggregate amount of Principal Collections (less the amount of ~~Reallocated~~ Redirected Class B Principal Collections, Redirected CTO Principal Collections and ~~Reallocated~~ Redirected Class C D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date in the Amortization Period following the date on which an amount equal to the Class A Invested Amount is ~~deposited in the Principal Account to be applied~~ paid to the ~~payment~~ Class A Securityholder in respect of Class A Principal, the ~~ABC~~ Fixed/Floating ~~Allocation~~ Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class B ~~Certificates~~ Securities pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B ~~Certificates~~ Securities pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (~~viii~~vi), (x), (xi) and (ixxii) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution ~~Date and~~ Date, (iv) the amount of Shared Principal Collections allocated to the Class B ~~Certificates~~ Securities with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(d) of the Agreement on or and after the Class B Principal Payment Commencement ~~Date~~Date and (v) the amount, if any, specified in the last sentence of Section 3A(i) of this Series Supplement; ~~provided~~PROVIDED, ~~however~~FURTHER, ~~that,~~ that with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the Scheduled Series ~~1999~~1998-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "~~Class C~~ CTO Principal") distributable from the Distribution Account with respect to the ~~Class C Certificates for~~ Collateralized Trust Obligations on each Distribution ~~Date~~ Date, beginning ~~on or after~~ with the ~~Class C~~ CTO Principal Payment Commencement ~~Date~~ Date, shall ~~equal~~ be an amount equal to and calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC~~ Fixed/Floating ~~Allocation~~ Percentage and the aggregate amount of Principal Collections (less the amount of ~~Reallocated~~ Redirected CTO Principal Collections and Redirected Class C D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ~~ABC~~ Fixed/Floating ~~Allocation~~ Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account ~~(other than the Class D Subaccount)~~ allocated to the ~~Class C Certificates~~ Collateralized Trust Obligations pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the ~~Class C Certificates~~ Collateralized Trust Obligations pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (vi), (xi) and (ixxii) of the Agreement and, with respect to such ~~Distribution Date and~~ subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) on such Business Day, (iv) the amount of Shared Principal Collections allocated to the ~~Class C Certificates~~ Collateralized Trust Obligations with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(d) of the Agreement on and after the ~~Class C~~ CTO Principal Payment Commencement ~~Date~~Date and (v) the amount, if any, specified in the last sentence of Section 3A(i) of this Series Supplement; ~~provided, however,~~ PROVIDED that with respect to any Distribution Date, ~~Class C~~ CTO Principal may not exceed the ~~Class C~~ CTO Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the Scheduled Series ~~1999~~1998-1 Termination Date, the ~~Class C~~ CTO Principal shall be an amount equal to the ~~Class C~~ CTO Invested Amount. (d) The amount of principal (the "Class D Principal") distributable from the Distribution Account with respect to the Class D ~~Certificates for the Transfer~~ Security on each Distribution Date ~~preceding~~ beginning with the Class D Principal Payment Commencement Date, ~~and for each Transfer Date thereafter until~~ or in the ~~Trust is terminated or until the~~ case of distributions of Class D ~~Invested Amount is paid in full~~Daily Principal pursuant to the last proviso of this subsection 4.7(d), on each Business Day, shall ~~equal~~ be an amount equal to and calculated as follows: the sum of of (i) an amount equal to the product of the ~~Class D~~ Fixed/Floating ~~Allocation~~ Percentage of Principal Collections (less the amount of ~~Reallocated~~ Redirected Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the ~~Class C~~ CTO Invested Amount is deposited in the Principal Account to be applied to the payment of ~~Class C~~ CTO Principal, the ~~Class D~~ Fixed/Floating ~~Allocation~~ Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D ~~Certificates~~ Security pursuant to subsection 4.9(d) ~~of the Agreement~~ with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D ~~Certificates~~ Security pursuant to subsections 4.9(a)(v), (vi) and (xxii) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; ~~provided~~PROVIDED, ~~however~~HOWEVER, that with respect to the Scheduled Series ~~1999~~1998-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount; PROVIDED FURTHER, that on any Business Day during any period other than an Early Amortization Period or Class A Pay Down Period, the Transferor may designate that either (x) an amount up to the lesser of (i) the excess of the Class D Invested Amount over the Stated Class D Amount on such day after taking into account all adjustments of the Class A Invested Amount on such day and (ii) (I) during the Revolving Period an amount equal to (x) the product of the Floating Percentage and the amount of Principal Collections on such Business Day minus (y) Redirected Class B Principal Collections, Redirected CTO Principal Collections and Redirected Class D Principal Collections on such Business Day or (II) after the Amortization Period Commencement Date an amount equal to (x) the product of the Fixed/Floating Percentage and the amount of Principal Collections on such Business Day minus (y) Redirected Class B Principal Collections, Redirected CTO Principal Collections and Redirected Class D Principal Collections on such Business Day minus (z) the amounts allocated with respect to Class A Principal, Class B Principal and CTO Principal on such Business Day (such designated amount, the "Class D Daily Principal") shall be distributed in accordance with subsection 4.9(f) or (y) an amount up to the excess of the Class D Invested Amount over the Stated Class D Amount on such day after taking into account all adjustments of the Class A Invested Amount on such day, shall be subtracted from the Class D Invested Amount and added to the Transferor Interest.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Companies Inc)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement; provided, however, -------- ------- that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~1995-1 Termination Date, -------- ------- the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with -------- ------- respect to any Distribution ~~Date~~Date during the Controlled Accumulation Period, Class B Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class B Invested Amount; provided, -------- further, that with respect to the Series ~~1999~~1995-1 Termination Date, the Class B ------- Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account (~~other than~~ exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement on and after the Class C Principal Commencement Date; provided, ~~however,~~ that with respect to -------- any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series ~~1999~~1995-1 Termination -------- ------- Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with -------- ------- respect to the Series ~~1999~~1995-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the ~~Pre-~~ Pre-Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series 1999-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 2 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 2 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the ~~Pre-~~ Pre-Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series ~~1999~~1998-1 2 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series ~~1999~~1998-1 2 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (~~ii) any~~ ii)any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the ~~Class D~~ ClassD Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the ~~Class A~~ ClassA Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (~~iii) the~~ iii)the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to ~~subsections 4.10(a~~subsections4.10(a) and (~~b) and~~ b)and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (~~iv) the~~ iv)the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; ~~provided~~PROVIDED, ~~however~~HOWEVER, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (~~i) the~~ i)the Controlled Deposit Amount for such Distribution Date and (~~ii) the~~ ii)the Class A Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the ~~Series 1999~~Series1998-1 Termination Date, the ~~Class A~~ ClassA Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (~~ii) any~~ ii)any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the ~~Class B~~ ClassB Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (~~iii) the~~ iii)the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (~~iv) the~~ iv)the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; ~~provided~~PROVIDED, ~~however~~HOWEVER, that, with respect to any Distribution ~~Date~~Date during the Controlled Accumulation Period, Class B Principal may not ~~exceed the~~ exceedthe Class B Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the ~~Series 1999~~Series1998-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (~~ii) any~~ ii)any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the ~~Pre-~~ Pre-Funding Account (exclusive of any investment earnings) allocated to the ~~Class C~~ ClassC Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (~~iii) the~~ iii)the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (~~iv) the~~ iv)the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; ~~provided, however~~PROVIDED, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the ~~Series 1999~~Series1998-1 Termination Date, the ~~Class C~~ ClassC Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (~~ii) any~~ ii)any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (~~iii) the~~ iii)the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (~~x) of~~ x)of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; ~~provided~~PROVIDED, ~~however~~HOWEVER, that with respect to the Series ~~1999~~1998-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Floorplan Recievables Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~2001-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Series ~~1999~~2001-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the ~~Pre-~~ Pre-Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series ~~1999~~2001-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series ~~1999~~2001-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Floorplan Recievables Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; provided, -------- however, that with respect to any Distribution Date during the Controlled ------- Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~1996-1 2 -------- ------- Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution ~~Date~~Date during the -------- ------- Controlled Accumulation Period, Class B Principal may not exceed the Class B Invested Amount; provided, further, that with respect to the Series ~~1999~~1996-1 2 -------- ------- Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the ~~Pre-~~ Pre-Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, ~~however,~~ that with respect to any Distribution -------- Date, Class C Principal may not exceed the Class C Invested Amount; provided, -------- further, that with respect to the Series ~~1999~~1996-1 2 Termination Date, the Class C ------- Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series ~~1999~~1996-1 2 -------- ------- Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (~~ii) any~~ ii)any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (~~iii) the~~ iii)the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to ~~subsections 4.10(a~~subsections4.10(a) and (~~b) and~~ b)and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (~~iv) the~~ iv)the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement; ~~provided~~PROVIDED, ~~however~~HOWEVER, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (~~i) the~~ i)the Controlled Deposit Amount for such Distribution Date and (~~ii) the~~ ii)the Class A Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the ~~Series 1999~~Series1998-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (~~ii) any~~ ii)any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) allocated to the Class B Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (~~iii) the~~ iii)the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (~~iv) the~~ iv)the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on or after the Class B Principal Commencement Date; ~~provided~~PROVIDED, ~~however~~HOWEVER, that, with respect to any Distribution ~~Date~~Date during the Controlled Accumulation Period, Class B Principal may not ~~exceed the~~ exceedthe Class B Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the ~~Series 1999~~Series1998-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (~~ii) any~~ ii)any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, and any amount on deposit in the ~~Pre-~~ Pre-Funding Account (exclusive of -25- any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18, with respect to the preceding Monthly Period, , (~~iii) the~~ iii)the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (~~iv) the~~ iv)the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; ~~provided, however~~PROVIDED, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the ~~Series 1999~~Series1998-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of of (~~i) an~~ i)an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (~~ii) any~~ ii)any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, ~~and~~ and (~~iii) the~~ iii)the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (~~x) of~~ x)of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; ~~provided~~PROVIDED, ~~however~~HOWEVER, that with respect to the Series ~~1999~~1998-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Floorplan Recievables Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") with respect to the Class A Certificates for each Distribution Date during the Controlled Accumulation Period or Early Amortization Period shall be equal to an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC Fixed/Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period, , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) or the Pre-Funding Account allocated to the Class A Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections 4.9(a)(iv), (vi), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a), (b) and (c) of the Agreement, ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class A Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement; provided, however, that with respect to any Distribution Date during the Controlled Accumulation Period, Class A Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class A Invested Amount; provided, further, that with respect to the Series ~~1999~~1996-1 2 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount. (b) The amount of principal (the "Class B Principal") with respect to the Class B Certificates for each Distribution Date on or after the Class B Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the Excess Funding Account (exclusive of amounts, if any, in the Class D Subaccount) or the Pre-Funding Account allocated to the Class B Certificates pursuant to subsection 4.9(d) of the ~~Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ Agreement with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections 4.9(a)(iv), (viii) and (ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class B Certificates with respect to the preceding Monthly Period pursuant to Section ~~4.8~~ 4.3(e) of the Agreement on or after the Class B Principal Commencement Date; provided, however, that, with respect to any Distribution ~~Date~~Date during the Controlled Accumulation Period, Class B Principal may not exceed the lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the Class B Invested Amount; provided, further, that with respect to the Series ~~1999~~1996-1 2 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount. (c) The amount of principal (the "Class C Principal") with respect to the Class C Certificates for each Distribution Date beginning on or after the Class C Principal Commencement Date shall equal an amount calculated as follows: the sum of of (i) an amount equal to the product of the ABC ~~Fixed/~~Fixed/ Floating Allocation Percentage and the aggregate amount of Principal Collections (less the amount of Reallocated Class C Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ABC Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the Excess Funding Account (other than the Class D Subaccount) or the Pre-Funding Account allocated to the Class C Certificates pursuant to subsection 4.9(d) of the Agreement, ~~and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ with respect to the preceding Monthly Period, , (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections 4.9(a)(iv) and (ix) of the Agreement with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the Class C Certificates with respect to the preceding Monthly Period pursuant to Section 4.8 of the Agreement on and after the Class C Principal Commencement Date; provided, however, that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; provided, further, that with respect to the Series 1999-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (the "Class D Principal") with respect to the Class D Certificates for the Transfer Date preceding the Class D Principal Commencement Date, and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full, shall equal an amount calculated as follows: the sum of (i) an amount equal to the product of the Class D Fixed/Floating Allocation Percentage of Principal Collections (less the amount of Reallocated Class D Principal Collections) with respect to the preceding Monthly Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D Fixed/Floating Allocation Percentage of Principal Collections from the date on which such deposit is made), (ii) any amount on deposit in the Excess Funding Account allocated to the Class D Certificates pursuant to subsection 4.9(d) of the Agreement with respect to the preceding Monthly Period, and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (x) of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement with respect to such Distribution Date; provided, however, that with respect to the Series 1999-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.to

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Determination of Principal Amounts. (a) The amount of principal (for the Series 1995-1 Certificates, the "~~Class~~ CLASS A ~~Principal~~PRINCIPAL") distributable from the Distribution Account with respect to the Class A Certificates ~~for~~ on each Distribution Date ~~during~~ with respect to the ~~Controlled Accumulation Period or Early~~ Amortization Period shall be equal to the largest Class A Controlled Distribution Amount which does not exceed an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC Fixed/Floating~~ Class A Fixed Allocation Percentage and the aggregate amount of Principal Collections ~~(less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections)~~ with respect to the three preceding Monthly ~~Period,~~ Periods (or, in the case of the first Distribution Date following the Negative Carry Fill-up Date, the Class A Fixed Allocation Percentage of Principal Collections received after the Negative Carry Fill-up Date and the Class A Fixed Allocation Percentage of any Principal Collection received on the Negative Carry Fill-up Date to the extent not needed for deposit in the Negative Carry Account), (ii) any amount on deposit in the ~~Excess Funding~~ Equalization Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class A Certificates pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class A Certificates pursuant to Section 4.18,~~ with respect to the three preceding Monthly ~~Period,~~ Periods, (iii) the amount, if any, allocated to the Class A Certificates pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (vi), (~~viii~~ix), (x) and (~~ix) of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a~~xii) and ~~(b) and 4.14(a), (b) and (c) of the Agreement, and~~ (iv) the amount of Shared Principal Collections allocated to the ~~Class A~~ Series 1995-1 Certificates with respect to the three preceding Monthly ~~Period~~ Periods pursuant to Section ~~4.8~~ 4.3(e) of the Agreement; ~~provided~~PROVIDED, ~~however~~FURTHER, that with respect to any Distribution ~~Date during the Controlled Accumulation Period~~Date, Class A Principal may not exceed the ~~lesser of (i) the Controlled Deposit Amount for such Distribution Date and (ii) the~~ Class A Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class A Principal shall be an amount equal to the Class A Invested Amount; PROVIDED, FURTHER, that no distribution of Class A Principal shall be made which would reduce the Class A Invested Amount to an amount less than $1,700,000 except for a payment in full of the Class A Invested Amount. (b) The amount of principal (for the Series 1995-1 Certificates, the "~~Class~~ CLASS B ~~Principal~~PRINCIPAL") distributable from the Distribution Account with respect to the Class B Certificates ~~for~~ on each Distribution ~~Date on or after~~ Date, beginning with the Class B Principal Payment Commencement ~~Date~~ Date, shall be an amount equal to the largest Class B Controlled Distribution Amount which does not exceed an amount calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC Fixed/Floating~~ Class B Fixed Allocation Percentage and the aggregate amount of Principal Collections ~~(less the amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections)~~ with respect to the three preceding Monthly ~~Period~~ Periods (or, in the case of the first ~~Distribution~~ Distri bution Date following the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account to be applied to the payment of Class A Principal, the ~~ABC Fixed/Floating~~ Class B Fixed Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the ~~Excess Funding~~ Equalization Account ~~(exclusive of amounts, if any, in the Class D Subaccount)~~ allocated to the Class B Certificates pursuant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) allocated to the Class B Certificates pursuant to Section 4.18,~~ with respect to the three preceding Monthly ~~Period,~~ Periods, (iii) the amount, if any, allocated to the Class B Certificates pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (~~viii~~ix), (x) and (ixxii) ~~of the Agreement and, with respect to such subsections, pursuant to subsections 4.10(a) and (b) and 4.14(a) and (b) of the Agreement~~ with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the ~~Class B~~ Series - 19 - 1995-1 Certificates with respect to the three preceding Monthly ~~Period~~ Periods pursuant to Section ~~4.8 of the Agreement~~ 4.3(e) on or and after the Class B Principal Payment Commencement Date; ~~provided~~PROVIDED, ~~however~~HOWEVER, that, with respect to any Distribution Date Class B Principal shall not be distributable on any Distribution Date in an amount less than the Class B Invested Amount; PROVIDED, FURTHER, that with respect to any Distribution Date, Class B Principal may not exceed the Class B Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class B Principal shall be an amount equal to the Class B Invested Amount; PROVIDED, FURTHER, that no distribution of Class A Principal shall be made which would reduce the Class B Invested Amount to an amount less than $300,000 except for a payment in full of the Class B Invested Amount. (c) The amount of principal (for the Series 1995-1 Certificates, the "~~Class~~ CLASS C ~~Principal~~PRINCIPAL") distributable from the Distribution Account with respect to the Class C Certificates ~~for~~ on each Distribution ~~Date~~ Date, beginning ~~on or after~~ with the Class C Principal Payment Commencement ~~Date~~ Date, shall ~~equal~~ be an amount equal to and calculated as follows: the sum of of (i) an amount equal to the product of the ~~ABC Fixed/Floating~~ Class C Fixed Allocation Percentage and the aggregate amount of Principal Collections ~~(less the amount of Reallocated Class C Principal Collections)~~ with respect to the three preceding Monthly ~~Period~~ Periods (or, in the case of the first Distribution Date following the date on which an amount equal to the Class B Invested Amount is deposited in the Principal Account to be applied to the payment of Class B Principal, the ~~ABC Fixed/Floating~~ Class C Fixed Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amounts on deposit in the ~~Excess Funding~~ Equalization Account ~~(other than the Class D Subaccount)~~ allocated to the Class C Certificates ~~pursuant~~ pur suant to subsection 4.9(d) ~~of the Agreement, and any amount on deposit in the Pre- Funding Account (exclusive of any investment earnings) allocated to the Class C Certificates pursuant to Section 4.18,~~ with respect to the three preceding Monthly ~~Period,~~ Periods, (iii) the amount, if any, allocated to the Class C Certificates pursuant to subsections ~~4.9(a)(iv~~4.9(a)(v), (x) and (ixxii) ~~of the Agreement~~ with respect to such Distribution Date ~~and~~ and (iv) the amount of Shared Principal Collections allocated to the ~~Class C~~ Series 1995-1 Certificates with respect to the three preceding Monthly ~~Period~~ Periods pursuant to Section ~~4.8~~ 4.3(e) of the Agreement on and after the Class C Principal Payment Commencement Date; ~~provided, however,~~ PROVIDED that with respect to any Distribution Date, Class C Principal may not exceed the Class C Invested Amount; ~~provided~~PROVIDED, ~~further~~FURTHER, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class C Principal shall be an amount equal to the Class C Invested Amount. (d) The amount of principal (for the Series 1995-1 Certificates, the "~~Class~~ CLASS D ~~Principal~~PRINCIPAL") distributable from the Distribution Account with respect to the Class D Certificates ~~for the Transfer Date preceding~~ on each Distribution Date, beginning with the Class D Principal Payment Commencement Date, ~~and for each Transfer Date thereafter until the Trust is terminated or until the Class D Invested Amount is paid in full,~~ shall ~~equal~~ be an amount equal to and calculated as follows: the sum of of (i) an amount equal to the product of the Class D ~~Fixed/Floating~~ Fixed Allocation Percentage of Principal Collections ~~(less the amount of Reallocated Class D Principal Collections)~~ with respect to the ~~preceding Monthly~~ related Period (or, in the case of the first Distribution Date following the date on which an amount equal to the Class C Invested Amount is deposited in the Principal Account to be applied to the payment of Class C Principal, the Class D ~~Fixed/Floating~~ Fixed Allocation Percentage of Principal Collections from the date on which such deposit is made), , (ii) any amount on deposit in the ~~Excess Funding~~ Equalization Account allocated to the Class D Certificates pursuant to subsection 4.9(d) ~~of the Agreement~~ with respect to the three preceding Monthly ~~Period~~Periods, ~~and~~ and (iii) the amount, if any, allocated to the Class D Certificates pursuant to subsections 4.9(a)(v) and (xxii) ~~of the Agreement and, with respect to such subsections, pursuant to subsection 4.10(a) and (b) of the Agreement~~ with respect to such Distribution Date; ~~provided~~PROVIDED, ~~however~~HOWEVER, that with respect to the Scheduled Series ~~1999~~1995-1 Termination Date, the Class D Principal shall be an amount equal to the Class D Invested Amount.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Apparel Retailers Inc)

Common use of Determination of Principal Amounts Clause in Contracts