During Rapid Amortization Period. On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2005-A Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2005-A Certificates on the last day of the related Collection Period.
Appears in 2 contracts
Samples: Superior Wholesale Inventory Financing Trust Xi, Superior Wholesale Inventory Financing Trust Xii
During Rapid Amortization Period. On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 20052004-A Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 20052004-A Certificates on the last day of the related Collection Period.
Appears in 2 contracts
Samples: Superior Wholesale Inventory Financing Trust Ix, Superior Wholesale Inventory Financing Trust X
During Rapid Amortization Period. On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2005-A [•] Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2005-A [•] Certificates on the last day of the related Collection Period.
Appears in 1 contract
During Rapid Amortization Period. On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2005-A Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2005-A Certificates on the last day of the related Collection Period.
Appears in 1 contract
Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)
During Rapid Amortization Period. On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2005-A 200_-_ Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2005-A 200_-_ Certificates on the last day of the related Collection Period.
Appears in 1 contract
Samples: Wholesale Auto Receivables Corp
