Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2005-C on any Payment Date shall be treated as part of the Series 2005-C Available Principal Amount for such Payment Date. (b) The Shared Excess Available Principal Amount allocable to Series 2005-C with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 2005-C on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2005-C [___] on any Payment Date shall be treated as part of the Series 2005-C [___] Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2005-C [___] with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series [___] for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 2005-C [___] on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall with respect to Series [___] for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture Supplement (Carco Auto Loan Master Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2005-C [o] on any Payment Date shall be treated as part of the Series 2005-C [o] Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2005-C [o] with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series [o] for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 2005-C [o] on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall with respect to Series [o] for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.06 4.04(a) of the Sale and Servicing AgreementSeries 2002-CC Supplement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052003-C 2 on any Payment Date shall be treated as part of the Series 20052003-C 2 Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052003-C 2 with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount ShortfallShortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections), if any, with respect to Series 2003-2 for such Payment Date; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 20052003-C 2 on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) with respect to Series 2003-2 for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts 23 SERIES 2003-2 INDENTURE SUPPLEMENT Shortfall for all series of Notes (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date.
(c) Any Shared Excess Available Principal Amount Amounts not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as deposited into the Excess Funding Account to the extent that the Adjusted Pool Balance is less than the Required Pool Balance or the Transferor Amount is less than the Trust Available Principal Amounts pursuant Subordinated Amount and any amount remaining thereafter paid to Section 4.06 of the Sale and Servicing AgreementTransferor.
Appears in 1 contract
Samples: Indenture Supplement (CNH Wholesale Receivables Inc)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052002-C A on any Payment Date shall be treated as part of the Series 20052002-C A Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052002-C A with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series 2002-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 20052002-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall with respect to Series 2002-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.06 4.04(a) of the Sale and Servicing AgreementSeries 2002-CC Supplement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052004-C B on any Payment Date shall be treated as part of the Series 20052004-C B Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052004-C B with respect to any Payment Date shall mean an amount equal to the Series 20052004-C B Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052004-C B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052004-C B Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.06 4.04(a) of the Sale and Servicing AgreementSeries 2002-CC Supplement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2005-C [___] on any Payment Transfer Date shall be treated as part of the Series 2005-C [___] Available Principal Amount Amounts for such Payment Transfer Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2005-C [___] with respect to any Payment Transfer Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series [___] for such Payment Transfer Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Transfer Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall for such Payment Transfer Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 2005-C [___] on such Payment Transfer Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal 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 Principal Amount Amounts Shortfall for all series of Notes for such Payment Transfer Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052004-C B on any Payment Date shall be treated as part of the Series 20052004-C B Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052004-C B with respect to any Payment Date shall mean an amount equal to the Series 20052004-C B Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052004-C B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052004-C B Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Series 2004 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052003-C A on any Payment Date shall be treated as part of the Series 20052003-C A Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052003-C A with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 20052003-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.06 4.04(a) of the Sale and Servicing AgreementSeries 2002-CC Supplement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2005-C 200__ - __ on any Payment Date shall be treated as part of the Series 2005-C 200__ - __ Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2005-C 200__ - __ with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series 200__ - __ for such Payment Date; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 2005-C 200__ - __ on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall with respect to Series 200__ - __ for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount Amounts not required to be applied to make a payment or deposit in respect of a series of Notes shall be deposited into the Excess Funding Account to the extent that the Adjusted Pool Balance is less than the Required Pool Balance or the Transferor Amount is less than the Trust Available Subordinated Amount and any amount remaining thereafter paid to the Issuer shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing AgreementIndenture.
Appears in 1 contract
Samples: Indenture Supplement (CNH Wholesale Receivables Inc)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052006-C A on any Payment Date shall be treated as part of the Series 20052006-C A Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052006-C A with respect to any Payment Date shall mean an amount equal to the Series 20052006-C A Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052006-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052006-C A Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2005-C [o] on any Payment Date shall be treated as part of the Series 2005-C [o] Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2005-C [o] with respect to any Payment Date shall mean an amount equal to the Series 2005-C [o] Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 2005-C [o] on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C [o] Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052003-C 1 on any Payment Date shall be treated as part of the Series 20052003-C 1 Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052003-C 1 with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount ShortfallShortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections), if any, with respect to Series 2003-1 for such Payment Date; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 20052003-C 1 on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) with respect to Series 2003-1 for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts 23 SERIES 2003-1 INDENTURE SUPPLEMENT Shortfall for all series of Notes (but not to cover charge-offs, uncovered dilution amounts or amounts initially required to be covered by interest collections) for such Payment Date.
(c) Any Shared Excess Available Principal Amount Amounts not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as deposited into the Excess Funding Account to the extent that the Adjusted Pool Balance is less than the Required Pool Balance or the Transferor Amount is less than the Trust Available Principal Amounts pursuant Subordinated Amount and any amount remaining thereafter paid to Section 4.06 of the Sale and Servicing AgreementTransferor.
Appears in 1 contract
Samples: Indenture Supplement (CNH Wholesale Receivables Inc)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052002-C B on any Payment Date shall be treated as part of the Series 20052002-C B Available Principal Amount Amounts for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052002-C B with respect to any Payment Date shall mean an amount equal to the Series 2005-C Available Principal Amount Shortfall, if any, with respect to Series 2002-B for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Amounts Shortfall for such Payment Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 20052002-C B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Amounts Shortfall with respect to Series 2002-B for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.06 4.04(a) of the Sale and Servicing AgreementSeries 2002-CC Supplement.
Appears in 1 contract
Samples: Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount Amounts allocable to Series 2005-C the WFCardSeries on any Payment Transfer Date shall be treated as part of the Series 2005-C WFCardSeries Available Principal Amount Amounts for such Payment Transfer Date.
(b) The Shared Excess Available Principal Amount Amounts allocable to Series 2005-C the WFCardSeries with respect to any Payment Transfer Date shall mean an amount equal to the Series 2005-C Available Principal Amount Amounts Shortfall, if any, with respect to the WFCardSeries for such Payment Transfer Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes Excess Available Principal Amounts Sharing Series in Excess Available Principal Amounts Sharing Group One for such Payment Transfer Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Transfer Date, then the Shared Excess Available Principal Amount Amounts allocable to Series 2005-C the WFCardSeries on such Payment Transfer Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes Excess Available Principal Amounts Sharing Series in Excess Available Principal Amounts Sharing Group One for such Transfer Date and (ii) a fraction, the numerator of which is the Series 2005-C Available Principal Amount Shortfall with respect to the WFCardSeries for such Payment Transfer Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Amounts Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing AgreementSharing Series in Excess Available Principal Amounts Sharing Group One for such Transfer Date.
Appears in 1 contract
Samples: Wfcardseries Indenture Supplement (WF Card Funding LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052004-C A on any Payment Date shall be treated as part of the Series 20052004-C A Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052004-C A with respect to any Payment Date shall mean an amount equal to the Series 20052004-C A Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052004-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052004-C A Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052002-C A on any Payment Date shall be treated as part of the Series 20052002-C A Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052002-C A with respect to any Payment Date shall mean an amount equal to the Series 20052002-C A Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052002-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052002-C A Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Series 2002 a Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2005-C A on any Payment Date shall be treated as part of the Series 2005-C A Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 2005-C A with respect to any Payment Date shall mean an amount equal to the Series 2005-C A Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 2005-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 2005-C A Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052002-C B on any Payment Date shall be treated as part of the Series 20052002-C B Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052002-C B with respect to any Payment Date shall mean an amount equal to the Series 20052002-C B Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052002-C B on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052002-C B Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052004-C A on any Payment Date shall be treated as part of the Series 20052004-C A Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052004-C A with respect to any Payment Date shall mean an amount equal to the Series 20052004-C A Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052004-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052004-C A Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.06 4.04(a) of the Sale and Servicing AgreementSeries 2002-CC Supplement.
Appears in 1 contract
Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)
Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 20052003-C A on any Payment Date shall be treated as part of the Series 20052003-C A Available Principal Amount for such Payment Date.
(b) The Shared Excess Available Principal Amount allocable to Series 20052003-C A with respect to any Payment Date shall mean an amount equal to the Series 20052003-C A Available Principal Amount Shortfall, if any, for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amount Shortfall for such Payment Date, then the Shared Excess Available Principal Amount allocable to Series 20052003-C A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series 20052003-C A Available Principal Amount Shortfall for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amount Shortfall for all series of Notes for such Payment Date.
(c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be applied as Excess Available Principal Amounts pursuant to Section 4.06 of the Sale and Servicing Agreement.
Appears in 1 contract
Samples: Series 2003 a Indenture Supplement (Daimlerchrysler Master Owner Trust)