Common use of Determination of Clause in Contracts

Determination of. Monthly Principal for the Certificates. (a) The amount of monthly principal (the "Class A Monthly Principal") distributable from the Collection Account with respect to the Class A Certificates on each Distribution Date beginning with the earlier to occur of (i) the first Special Payment Date of the Class A Certificates, if any, (ii) the first Distribution Date to occur with respect to the Controlled Accumulation Period and (iii) the Termination Payment Date, shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, or, in the case of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, (ii) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (iii) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs; provided, however, that for each Distribution Date with respect to the Controlled Accumulation Period (unless and until a Pay Out Event shall have occurred) , Class A Monthly Principal may not exceed the Controlled Deposit Amount for such Distribution Date; and provided further that with respect to any Distribution Date, Class A Monthly Principal may not exceed the Class A Invested Amount. (b) The amount of monthly principal distributable from the Collection Account with respect to the Class B Certificates (the "Class B Monthly Principal") on each Distribution Date, beginning with the Distribution Date on which the Class A Certificates are paid in full, shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, or, in the case of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, plus (ii) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, plus (iii) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class B Investor Charge-Offs, minus (iv) Class A Monthly Principal, if any, with respect to such Distribution Date; provided, however, that with respect to any Distribution Date, Class B Monthly Principal may not exceed an amount equal to the Class B Invested Amount. (c) With respect to any Distribution Date related to any Amortization Period, if (a) the sum of (x) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, (y) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (z) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs shall exceed (b) the sum of (i) Class A Monthly Principal and (ii) Class B Monthly Principal with respect to any Distribution Date, then such excess amount shall be treated as Excess Principal Collections. The Series 2001-1 Principal Shortfall with respect to any Distribution Date related to the Controlled Accumulation Period shall be the Deficit Controlled Accumulation Amount, if any, for such Distribution Date. If, with respect to a Distribution Date related to any Early Amortization Period, the sum of the Class A Monthly Principal and the Class B Monthly Principal, is less than the sum of the Class A Adjusted Invested Amount and the Class B Invested Amount, the amount of such shortfall shall be the Series 2001-1 Principal Shortfall with respect to such Distribution Date.

Determination of. Monthly Principal Interest for the Series ------------------------------------------------ 1999-2 Certificates. (a) The amount of monthly principal interest (for the Series 1999-2 ------------------- Certificates, the "Class A Monthly PrincipalInterest") distributable from the Collection ------------------------ Distribution Account with respect to the Class A Certificates on each any Distribution Date beginning with shall be an amount equal to the earlier to occur product of (i) the first Special Payment Date product of (x) the Class A Certificates, if any, Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the first Distribution Date to occur Class A Outstanding Principal Balance as of the close of business on the last day of the preceding Monthly Period; provided, however, -------- ------- that with respect to the Controlled Accumulation Period and (iii) the Termination Payment first Distribution Date, Class A Monthly Interest shall be equal to an amount calculated as follows: the sum product of (ia) an amount equal the Class A Certificate Rate for the period from and including the Closing Date to and including Marcx 00, 0000, (x) x xraction the Fixed Allocation Percentage numerator of all Principal Collections received during which is 23 and the Due Period immediately denominator of which is 360, and (c) the Class A Initial Invested Amount. On the Determination Date preceding such each Distribution Date, or, in the case of Servicer shall determine an amount (the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred "Class A Interest Shortfall") equal -------------------------- to the end of such Due Period, (ii) the amountexcess, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (iiix) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs; provided, however, that for each Distribution Date with respect to the Controlled Accumulation Period (unless and until a Pay Out Event shall have occurred) , aggregate Class A Monthly Principal may not exceed Interest for the Controlled Deposit Amount for Interest Period applicable to the preceding Distribution Date over (y) the amount which was paid to the Class A Certificateholders in respect of interest on such preceding Distribution Date; and provided further that . If there is a Class A Interest Shortfall with respect to any Distribution Date, an additional amount ("Class A Monthly Principal may not exceed Default --------------- Interest") shall be payable as provided herein with respect to the Class A Invested Amount-------- Certificates on each Distribution Date following such Distribution Date to and including the Distribution Date on which such Class A Interest Shortfall is paid to Class A Certificateholders equal to the product of (i) the product 41 of (x) the Class A Certificate Rate plus 2.00% per annum and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) such Class A Interest Shortfall. Notwithstanding anything to the contrary herein, Class A Default Interest shall be payable or distributed to Class A Certificateholders only to the extent permitted by applicable law. (b) The amount of monthly principal interest (for the Series 1999-2 Certificates, the "Class B Monthly Interest") distributable from the Collection ------------------------ Distribution Account with respect to the Class B Certificates (the "Class B Monthly Principal") on each Distribution Date, beginning with the any Distribution Date on which the Class A Certificates are paid in full, shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the Fixed Allocation Percentage product of all Principal Collections received during (i) the Due Period immediately preceding such Distribution Date, or, product of (x) the Class B Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the case related Interest Period and the denominator of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, plus which is 360 and (ii) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, plus (iii) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class B Investor Charge-Offs, minus (iv) Class A Invested Amount as of the close of business on the last day of the preceding Monthly Principal, if any, with respect to such Distribution DatePeriod; provided, however, that with -------- ------- respect to any the first Distribution Date, Class B Monthly Principal may not exceed an amount Interest shall be equal to the Class B Invested Amount. (c) With respect to any Distribution Date related to any Amortization Period, if product of (a) the sum of Class B Certificate Rate for the period from and including the Closing Date to and including Marcx 00, 0000, (x) an amount equal to x xraction the Fixed Allocation Percentage numerator of all Principal Collections received during which is 23 and the Due Period immediately denominator of which is 360, and (c) the Class B Initial Invested Amount. On the Determination Date preceding such each Distribution Date, the Servicer shall determine an amount (ythe "Class B Interest Shortfall") equal -------------------------- to the amountexcess, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (zx) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs shall exceed (b) the sum of (i) Class A Monthly Principal and (ii) aggregate Class B Monthly Principal Interest for the Interest Period applicable to the preceding Distribution Date over (y) the ---- amount which was paid to the Class B Certificateholders in respect of interest on such preceding Distribution Date. If there is a Class B Interest Shortfall with respect to any Distribution Date, then such excess an additional amount ("Class B Default --------------- Interest") shall be treated payable as Excess Principal Collections. The Series 2001-1 Principal Shortfall provided herein with respect to any the Class B -------- Certificates on each Distribution Date related following such Distribution Date to and including the Distribution Date on which such Class B Interest Shortfall is paid to Class B Certificateholders equal to the Controlled Accumulation product of (i) the product of (x) the Class B Certificate Rate plus 2.00% per annum and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) such Class B Interest Shortfall. Notwithstanding anything to the contrary herein, Class B Default Interest shall be payable or distributed to Class B Certificateholders only to the Deficit Controlled Accumulation extent permitted by applicable law. (c) The minimum amount of monthly interest (for the Series 1999-2 Certificates, the "Excess Collateral Minimum Monthly Interest") ------------------------------------------ distributable with respect to the Excess Collateral on any Transfer Date shall be an amount equal to one-twelfth of the product of (i) the Excess Collateral Minimum Rate and (ii) the Excess Collateral Amount as of the close of business on the last day of the preceding Monthly Period; provided, however, that with -------- ------- respect to the first Transfer Date, Excess Collateral Minimum Monthly Interest shall be equal to the product of (a) the Excess Collateral Minimum Rate, (b) a fraction the numerator of which is 25 and the denominator of which is 360, and (c) the Excess Collateral Initial Amount. On the Determination Date preceding each Transfer Date, the Servicer shall determine an amount (the "Excess Collateral Interest Shortfall") ------------------------------------ equal to the excess, if any, of (x) the aggregate Excess Collateral Minimum Monthly Interest for such Distribution Date. If, with respect the Interest Period applicable to a Distribution the preceding Transfer Date related to any Early Amortization Period, the sum of the Class A Monthly Principal and the Class B Monthly Principal, is less than the sum of the Class A Adjusted Invested Amount and the Class B Invested Amount, over (y) the amount which was paid to the Excess Collateral Holders in ---- respect of interest on such shortfall shall be preceding Transfer Date pursuant to the Series 2001-1 Principal Shortfall with respect to such Distribution Dateterms hereof.

Determination of. Monthly Principal Interest for the Series ------------------------------------------------ 1996-6 Certificates. (a) The amount of monthly principal interest (for the Series 1996-6 ------------------- Certificates, the "Class A Monthly Interest") distributable from the ------------------------ Distribution Account with respect to the Class A Certificates on any Distribution Date shall be an amount equal to the product of (i) the product of (x) the Class A Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the Class A Outstanding Principal Balance as of the close of business on the last day of the preceding Monthly Period; provided, however, -------- ------- that with respect to the first Distribution Date, Class A Monthly Interest shall be equal to the product of (i) the product of (a) the Class A Certificate Rate for the period from and including November 13, 1996 to and including December 9, 1996 and (b) a fraction the numerator of which is 27 and the denominator of which is 360 and (ii) the Class A Initial Invested Amount. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Class A Monthly PrincipalInterest Shortfall") distributable from equal -------------------------- to the Collection Account excess, if any, of (x) the aggregate Class A Monthly Interest for the Interest Period applicable to the preceding Distribution Date over (y) the amount which was paid to the Class A Certificateholders in respect of interest on such preceding Distribution Date. If there is a Class A Interest Shortfall with respect to any Distribution Date, an additional amount ("Class A Default --------------- Interest") shall -------- 35 be payable as provided herein with respect to the Class A Certificates on each Distribution Date beginning with following such Distribution Date to and including the earlier Distribution Date on which such Class A Interest Shortfall is paid to occur Class A Certificateholders equal to the product of (i) the first Special Payment Date product of (x) the Class A Certificates, if any, Certificate Rate plus 2.00% per annum and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the first Distribution Date to occur with respect such Class A Interest Shortfall. Notwithstanding anything to the Controlled Accumulation Period and (iii) the Termination Payment Date, shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, or, in the case of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, (ii) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (iii) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs; provided, however, that for each Distribution Date with respect to the Controlled Accumulation Period (unless and until a Pay Out Event shall have occurred) contrary herein, Class A Monthly Principal may not exceed the Controlled Deposit Amount for such Distribution Date; and provided further that with respect Default Interest shall be payable or distributed to any Distribution Date, Class A Monthly Principal may not exceed Certificateholders only to the Class A Invested Amountextent permitted by applicable law. (b) The amount of monthly principal interest (for the Series 1996-6 Certificates, the "Class B Monthly Interest") distributable from the Collection ------------------------ Distribution Account with respect to the Class B Certificates on any Distribution Date shall be an amount equal to the product of (i) the product of (x) the Class B Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the Class B Invested Amount as of the close of business on the last day of the preceding Monthly Period; provided, however, that with -------- ------- respect to the first Distribution Date, Class B Monthly Interest shall be equal to the product of (i) the product of (a) the Class B Certificate Rate for the period from and including November 13, 1996 to and including December 9, 1996 and (b) a fraction the numerator of which is 27 and the denominator of which is 360 and (ii) the Class B Initial Invested Amount. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Class B Monthly PrincipalInterest Shortfall") equal -------------------------- to the excess, if any, of (x) the aggregate Class B Monthly Interest for the Interest Period applicable to the preceding Distribution Date over (y) the ---- amount which was paid to the Class B Certificateholders in respect of interest on such preceding Distribution Date. If there is a Class B Interest Shortfall with respect to any Distribution Date, an additional amount ("Class B Default --------------- Interest") shall be payable as provided herein with respect to the Class B -------- Certificates on each Distribution Date, beginning with Date following such Distribution Date to and including the Distribution Date on which the such Class A Certificates are B Interest Shortfall is paid in full, shall be to Class B Certificateholders equal to an amount calculated as follows: the sum product of (i) the product of (x) the Class B Certificate Rate plus 2.00% per annum and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) such Class B Interest Shortfall. Notwithstanding anything to the contrary herein, Class B Default Interest shall be payable or distributed to Class B Certificateholders only to the extent permitted by applicable law. (c) The amount of monthly interest (for the Series 1996-6 Certificates, the "CIA Monthly Interest") distributable from the Distribution -------------------- Account with respect to the CIA Invested Amount on any Distribution Date shall be an amount equal to the Fixed Allocation Percentage product of all Principal Collections received during (i) the Due Period immediately preceding such Distribution Date, or, product of (x) the CIA Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the case related Interest Period and the denominator of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, plus which is 360 and (ii) the amount, if any, CIA Invested Amount as of Series 2001-1 Undistributed Principal Collections for such Distribution Date, plus (iii) the Investor Default Amount with respect to such Distribution Date and any reimbursements close of unreimbursed Class B Investor Charge-Offs, minus (iv) Class A business on the last day of the preceding Monthly Principal, if any, with respect to such Distribution DatePeriod; provided, however, that with respect to any the first Distribution -------- ------- Date, Class B CIA Monthly Principal may not exceed an amount Interest shall be equal to the Class B Invested Amount. product of (ci) With respect to any Distribution Date related to any Amortization Period, if the product of (a) the sum CIA Certificate Rate for the period from and including November 13, 1996 to and including December 9, 1996 and (b) a fraction the numerator of which is 27 and the denominator of which is 360 and (ii) the CIA Initial Invested Amount. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "CIA Interest Shortfall") equal to the excess, if ---------------------- any, of (x) an amount equal the aggregate CIA Monthly Interest for the Interest Period applicable to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, Date over (y) the amount, if any, amount which was paid ---- to the CIA Certificateholders in respect of Series 2001-1 Undistributed Principal Collections for interest on such Distribution Date, and (z) the Investor Default Amount with respect to such preceding Distribution Date pursuant to the terms hereof and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs shall exceed (b) the sum of (i) Class A Monthly Principal and (ii) Class B Monthly Principal Spread Account Agreement. If there is a CIA Interest Shortfall with respect to any Distribution Date, then such excess an additional amount ("CIA Default Interest") shall be treated payable as Excess Principal Collections. The Series 2001-1 Principal Shortfall provided -------------------- herein with respect to any the CIA Certificates on each Distribution Date related following such Distribution Date to and including the Distribution Date on which such CIA Interest Shortfall is paid to the Controlled Accumulation CIA Certificateholders equal to the product of (i) the product of (a) the CIA Certificate Rate plus 2.00% per annum and (b) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) such CIA Interest Shortfall. Notwithstanding anything to the contrary herein, CIA Default Interest shall be payable or distributed to the Deficit Controlled Accumulation Amount, if any, for such Distribution Date. If, with respect CIA Certificateholders only to a Distribution Date related to any Early Amortization Period, the sum of the Class A Monthly Principal and the Class B Monthly Principal, is less than the sum of the Class A Adjusted Invested Amount and the Class B Invested Amount, the amount of such shortfall shall be the Series 2001-1 Principal Shortfall with respect to such Distribution Dateextent permitted by applicable law.

Determination of. Monthly Principal Interest for the Series ------------------------------------------------ 1998-8 Certificates. (a) The amount of monthly principal interest (for the Series 1998-8 -------------------- Certificates, the "Class A Monthly PrincipalInterest") distributable from the Collection ------ - ------- --------- Distribution Account with respect to the Class A Certificates on each any Distribution Date beginning with shall be an amount equal to the earlier to occur product of (i) the first Special Payment Date product of (x) the Class A Certificates, if any, Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the first Distribution Date to occur Class A Outstanding Principal Balance as of the close of business on the last day of the preceding Monthly Period; provided, however, -------- ------- that with respect to the Controlled Accumulation Period and (iii) the Termination Payment first Distribution Date, Class A Monthly Interest shall be equal to an amount calculated as follows: the sum product of (ia) an amount equal the Class A Certificate Rate for the period from and including the Closing Date to and including October 18, 1998, (b) a fraction the Fixed Allocation Percentage numerator of all Principal Collections received during which is 32 and the Due Period immediately denominator of which is 360 and (c) the Class A Initial Invested Amount. On the Determination Date preceding such each Distribution Date, or, in the case of Servicer shall determine an amount (the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred "Class A Interest Shortfall") equal ------ - -------- ---------- to the end of such Due Period, (ii) the amountexcess, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (iiix) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs; provided, however, that for each Distribution Date with respect to the Controlled Accumulation Period (unless and until a Pay Out Event shall have occurred) , aggregate Class A Monthly Principal may not exceed Interest for the Controlled Deposit Amount for Interest Period applicable to the preceding Distribution Date over (y) the ---- amount which was paid to the Class A Certificateholders in respect of interest on such preceding Distribution Date; and provided further that . If there is a Class A Interest Shortfall with respect to any Distribution Date, an additional amount ("Class A Monthly Principal may not exceed the Class A Invested Amount. (bDefault ------ - ------- Interest") The amount of monthly principal distributable from the Collection Account shall be payable as provided herein with respect to the Class B Certificates (the "Class B Monthly Principal") on each Distribution Date, beginning with the Distribution Date on which the Class A Certificates are paid in full, shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, or, in the case of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, plus (ii) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, plus (iii) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class B Investor Charge-Offs, minus (iv) Class A Monthly Principal, if any, with respect to such Distribution Date; provided, however, that with respect to any Distribution Date, Class B Monthly Principal may not exceed an amount equal to the Class B Invested Amount. (c) With respect to any Distribution Date related to any Amortization Period, if (a) the sum of (x) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, (y) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (z) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs shall exceed (b) the sum of (i) Class A Monthly Principal and (ii) Class B Monthly Principal with respect to any Distribution Date, then such excess amount shall be treated as Excess Principal Collections. The Series 2001-1 Principal Shortfall with respect to any Distribution Date related to the Controlled Accumulation Period shall be the Deficit Controlled Accumulation Amount, if any, for such Distribution Date. If, with respect to a Distribution Date related to any Early Amortization Period, the sum of the Class A Monthly Principal and the Class B Monthly Principal, is less than the sum of the Class A Adjusted Invested Amount and the Class B Invested Amount, the amount of such shortfall shall be the Series 2001-1 Principal Shortfall with respect to such Distribution Date.Cer- ---------

Determination of. Monthly Principal for the Series 1996- ------------------------------------------------------ R Certificates. (a) The amount of monthly principal (the "Class A Monthly -------------- Principal") distributable from the Collection Account with respect to the Class A Certificates on each Distribution Date beginning with the earlier to occur of (i) the first Special Payment Distribution Date of the Class A Certificates, if any, to occur with respect to any Rapid Amortization Period and (ii) the first Distribution Date to occur with respect to the Controlled Accumulation Amortization Period and (iii) the Termination Payment Date, shall be equal to an amount calculated as follows: the sum of (i) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, or, in the case of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, (ii) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, and (iii) the Investor Default Amount with respect to such Distribution Date and any reimbursements of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-OffsAvailable Principal Collections; provided, however, that for each Distribution Date with respect to the Controlled Accumulation -------- ------- Amortization Period (unless and until a Pay Out Liquidation Event shall is deemed to have occurred) ), Class A Monthly Principal may shall not exceed the Controlled Deposit Amount for such Distribution Date; and provided further provided, further, that with respect to any -------- ------- Distribution Date, Class A Monthly Principal may shall not exceed the Class A Invested Amount. (b) The amount of monthly principal ("Collateral Monthly Principal") distributable from the Collection Account with respect to the Class B Certificates (the "Class B Monthly Principal") Collateral Inter- est on each Distribution Date, Date beginning with the January 1997 Distribution Date on which the Class A Certificates are paid in full, shall be equal to an amount calculated as follows: : (i) on any Distribution Date prior to the Distribution Date on which the Class A Invested Amount is paid in full, the lesser of (A) the sum of (ix) an amount equal to the Fixed Allocation Percentage of all Collateral Principal Collections received during the Due Period immediately preceding such Distribution Date, or, in the case of the Distribution Date immediately following the occurrence of a Pay Out Event, received during the period from the day such Pay Out Event occurred to the end of such Due Period, plus (ii) the amount, if any, of Series 2001-1 Undistributed Principal Collections for such Distribution Date, plus (iii) the Investor Default Amount with respect to such Distribution Date not applied to Class A Monthly Principal on such Distribution Date and any reimbursements of unreimbursed Class B Investor Charge-Offs, minus (ivy) Class A Available Principal Collections not applied to Class A Monthly PrincipalPrincipal on such Distribution Date and (B) the Enhancement Surplus on such Distribution Date (including any Enhancement Surplus which will result from the transfer of funds to the Cash Collateral Account pursuant to Section 2.11(d) of the Loan Agreement and subsection 4.11(d) of the Agreement); and (ii) on and after the Distribution Date on which the Class A Invested Amount is paid in full, if any, the sum of (A) Collateral Principal Collections with respect to such Distribution Date not applied to Class A Monthly Principal on such Distribution Date and (B) Class A Available Principal Collections not applied to Class A Monthly Principal on such Distribution Date; (iii) notwithstanding the foregoing subsections (i) and (ii) of this subsection 4.05(b), on any Distribution Date prior to the commencement of a Rapid Amortization Period and after the determination by the Seller to make a Conversion Deposit pursuant to, and in accordance with, subsection 4.11(e), the sum of (A) Collateral Principal Collections with respect to such Distribution Date not applied to Class A Monthly Principal on such Distribution Date and (B) Class A Available Principal Collections not applied to Class A Monthly Principal on such Distribution Date; provided, however, that with respect to any Distribution Date, Class B Collateral -------- ------- Monthly Principal may shall not exceed an amount equal to the Class B Collateral Invested Amount. (c) With respect Collections of Principal Receivables allocable to any Distribution Date related to any Amortization Period, if a Series (a) the sum of (x) an amount equal to the Fixed Allocation Percentage of all Principal Collections received during the Due Period immediately preceding such Distribution Date, (y) the amount, if any, of other than Series 20011991-1 Undistributed Principal Collections for such Distribution DateD and Series 1992-E, and (z) the Investor Default Amount with respect to such Distribution Date and any reimbursements other Series which specifically prohibits sharing of unreimbursed Class A Investor Charge-Offs and Class B Investor Charge-Offs shall exceed (b) the sum of (i) Class A Monthly Principal and (ii) Class B Monthly Principal with respect to any Distribution Date, then such excess amount shall be treated as Excess Principal Collections. The Series 2001-1 Principal Shortfall ) with respect to any Distribution Date related but not payable to or for the Controlled Accumulation Period benefit of such Series on such Distribution Date ("Excess Principal Collections") shall be payable on such Distribution Date on a pro rata basis (based on the Deficit Controlled Accumulation Amount, if any, numerator used in calculating the invested percentage of Collections of Principal Receivables) to or for the benefit of other Series experiencing a Principal Shortfall for such Distribution Date. If, with respect to a Distribution Date related to any Early Amortization Period, provided that the sum Supplement for such other Series permits the payment of the Class A Monthly Excess Principal and the Class B Monthly Principal, is less than the sum of the Class A Adjusted Invested Amount and the Class B Invested Amount, the amount of such shortfall shall be the Series 2001-1 Principal Shortfall with respect Collections to such Distribution DateSeries.