Common use of Excess Available Interest Amounts Sharing Clause in Contracts

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 2005-B on any Payment Date shall be treated as part of the Series 2005-B Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 2005-B with respect to any Payment Date shall mean an amount equal to the Series 2005-B Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 2005-B on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-B Available Interest Amount Shortfall for such Payment Date and the denominator of which is the Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Series 2005 B Indenture Supplement (Daimlerchrysler Master Owner Trust)

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Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 2005-B [o] on any Payment Date shall be treated as part of the Series 2005-B [o] Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 2005-B [o] with respect to any Payment Date shall mean an amount equal to the Series 2005-B [o] Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 2005-B [o] on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-B [o] Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 2005-B C on any Payment Date shall be treated as part of the Series 2005-B C Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 2005-B C with respect to any Payment Date shall mean an amount equal to the Series 2005-B C Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 2005-B C on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-B C Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount Amounts allocable to Series 2005-B [___] on any Payment Transfer Date shall be treated as part of the Series 2005-B [____] Available Interest Amount for such Payment Transfer Date. (b) The Shared Excess Available Interest Amount allocable to Series 2005-B [____] with respect to any Payment Transfer Date shall mean an amount equal to the Series 2005-B Available Interest Amount Amounts Shortfall, if any, with respect to Series [____] for such Payment Transfer Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Transfer Date is less than the Aggregate Series Available Interest Amount Amounts Shortfall for such Payment Transfer Date, then the Shared Excess Available Interest Amount allocable to Series 2005-B [____] on such Payment Transfer Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-B Available Interest Amount Amounts Shortfall with respect to Series [____] for such Payment Transfer Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Amounts Shortfall for all series of Notes for such Payment Transfer Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 20052002-B on any Payment Date shall be treated as part of the Series 20052002-B Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 20052002-B with respect to any Payment Date shall mean an amount equal to the Series 20052002-B Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 20052002-B on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052002-B Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 20052006-B A on any Payment Date shall be treated as part of the Series 20052006-B A Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 20052006-B A with respect to any Payment Date shall mean an amount equal to the Series 20052006-B A Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 20052006-B A on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052006-B A Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 2005-B A on any Payment Date shall be treated as part of the Series 2005-B A Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 2005-B A with respect to any Payment Date shall mean an amount equal to the Series 2005-B A Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 2005-B A on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-B A Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 20052002-B A on any Payment Date shall be treated as part of the Series 20052002-B A Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 20052002-B A with respect to any Payment Date shall mean an amount equal to the Series 20052002-B A Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 20052002-B A on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052002-B A Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Series 2002 a Indenture Supplement (Daimlerchrysler Master Owner Trust)

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Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 20052004-B A on any Payment Date shall be treated as part of the Series 20052004-B A Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 20052004-B A with respect to any Payment Date shall mean an amount equal to the Series 20052004-B A Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 20052004-B A on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052004-B A Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 20052004-B on any Payment Date shall be treated as part of the Series 20052004-B Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 20052004-B with respect to any Payment Date shall mean an amount equal to the Series 20052004-B Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 20052004-B on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052004-B Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Series 2004 B Indenture Supplement (Daimlerchrysler Master Owner Trust)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount Amounts allocable to Series 2005-B [___] on any Payment Date shall be treated as part of the Series 2005-B [____] Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 2005-B [____] with respect to any Payment Date shall mean an amount equal to the Series 2005-B Available Interest Amount Amounts Shortfall, if any, with respect to Series [____] for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Amounts Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 2005-B [____] on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-B Available Interest Amount Amounts Shortfall with respect to Series [____] for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Amounts Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Carco Auto Loan Master Trust)

Excess Available Interest Amounts Sharing. (a) The Shared Excess Available Interest Amount allocable to Series 20052003-B A on any Payment Date shall be treated as part of the Series 20052003-B A Available Interest Amount for such Payment Date. (b) The Shared Excess Available Interest Amount allocable to Series 20052003-B A with respect to any Payment Date shall mean an amount equal to the Series 20052003-B A Available Interest Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Interest Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Interest Amount Shortfall for such Payment Date, then the Shared Excess Available Interest Amount allocable to Series 20052003-B A on such Payment Date shall equal the product of (i) Shared Excess Available Interest Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052003-B A Available Interest Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Interest Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Interest Amount that is not required to be applied to make a payment or deposit in respect of a series of Notes shall be released to the Issuer for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Series 2003 a Indenture Supplement (Daimlerchrysler Master Owner Trust)

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