Common use of Excess Finance Charge and Administrative Collections Clause in Contracts

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 2003-1 in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 2003-1 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 2003-1 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viii) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Household Affinity Funding Corp Iii

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Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 20032002-1 in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 20032002-1 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge ShortfallFINANCE CHARGE SHORTFALL" for Series 20032002-1 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiix) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Hrsi Funding Inc Ii

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 2003-1 2003-[ ] in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 2003-1 2003-[ ] for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge ShortfallFINANCE CHARGE SHORTFALL" for Series 2003-1 2003-[ ] for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiiix) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Household Consumer Loan Corp Ii

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 20032001-1 2 in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 20032001-1 2 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge ShortfallFINANCE CHARGE SHORTFALL" for Series 20032001-1 2 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiiix) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Hrsi Funding Inc Ii

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 2003-1 2 in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 2003-1 2 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 2003-1 2 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viii) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Household Affinity Funding Corp Iii

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 2003-1 2003-[*] in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 2003-1 2003-[*] for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 2003-1 2003-[*] for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiiix) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Household Affinity Funding Corp Iii

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 20032002-1 2 in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 20032002-1 2 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge ShortfallFINANCE CHARGE SHORTFALL" for Series 20032002-1 2 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiix) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Hrsi Funding Inc Ii

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Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 2003-1 2000-[.] in an amount equal to the product of (ax) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (by) a fraction, the numerator of which is the Finance Charge Shortfall for Series 2003-1 2000-[.] for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance ------- Charge Shortfall" for Series 2003-1 2000-[.] for any Distribution Date will be equal to ---------------- the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiiix) on such Distribution Date over (b) the Available Investor Reallocated Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Household Credit Card Master Note Trust I

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 20032001-1 in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 20032001-1 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge ShortfallFINANCE CHARGE SHORTFALL" for Series 20032001-1 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiiix) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Hrsi Funding Inc Ii

Excess Finance Charge and Administrative Collections. Subject to Section 8.08C of the Indenture, Excess Finance Charge and Administrative Collections with respect to the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for any Distribution Date will be allocated to Series 20032002-1 3 in an amount equal to the product of (a) the aggregate amount of Excess Finance Charge and Administrative Collections with respect to all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date and (b) a fraction, the numerator of which is the Finance Charge Shortfall for Series 20032002-1 3 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Finance Charge Sharing Series in Excess Finance Charge Sharing Group One for such Distribution Date. The "Finance Charge ShortfallFINANCE CHARGE SHORTFALL" for Series 20032002-1 3 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.04(a)(i) through (viiix) on such Distribution Date over (b) the Available Investor Finance Charge and Administrative Collections with respect to the Due Period related to such Distribution Date.

Appears in 1 contract

Samples: Household Private Label Credit Card Master Note Trust I

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