Common use of Excess Finance Charges Clause in Contracts

Excess Finance Charges. Series 1998-1 shall be ---------------------- included in Group One. Subject to Section 4.05 of the Agreement, Excess Finance Charges with respect to the Series in Group One for any Distribution Date will be allocated to Series 1998-1 in an amount equal to the product of (x) the aggregate amount of Excess Finance Charges with respect to all the Series in Group One for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1998-1 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 1998-1 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 Sections 4.05(a), 4.05(b), 4.05(c) and 4.07 on such Distribution Date over (b) the Floating Allocation Percentage of Collections of Finance ---- Charge Receivables with respect to the related Monthly Period.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Financial Corp)

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Excess Finance Charges. Series 1998-1 shall be ---------------------- included in Group One. Subject to Section 4.05 of the Agreement, Excess Finance Charges with respect to the Series in Group One for any Distribution Date will be allocated to Series 19981996-1 E in an amount equal to the product of (x) the aggregate amount of Excess Finance Charges with respect to all the Series in Group One for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 19981996-1 E for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls (as defined in the related Supplements) for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 19981996-1 E for any Distribution Date will shall be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to Sections 4.05(a4.5(a), 4.05(b4.5(b), 4.05(c4.5(c) and 4.07 4.7 (except for Section 4.7(k)(2)) on such Distribution Date over (b) the Floating Allocation Percentage of Collections of Finance ---- Charge Receivables with respect to the related Monthly Period.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Advanta Credit Card Master Trust Ii), Pooling and Servicing Agreement (Advanta Credit Card Master Trust Ii)

Excess Finance Charges. Series 1998-1 4 shall be ---------------------- included in Group One. Subject to Section 4.05 of the Agreement, Excess Finance Charges with respect to the Series in Group One for any Distribution Date will be allocated to Series 1998-1 4 in an amount equal to the product of (x) the aggregate amount of Excess Finance Charges with respect to all the Series in Group One for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1998-1 4 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 1998-1 4 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 Sections 4.05(a), 4.05(b), 4.05(c) and 4.07 on such Distribution Date over (b) the Floating Allocation Percentage of Collections of ---- Finance ---- Charge Receivables with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Capital One Master Trust)

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Excess Finance Charges. Series 1998-1 199_-_ shall be ---------------------- included in Group One. Subject to Section 4.05 of the Agreement, Excess Finance Charges with respect to the Series in Group One for any Distribution Date will be allocated to Series 1998-1 199_-_ in an amount equal to the product of (x) the aggregate amount of Excess Finance Charges with respect to all the Series in Group One for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1998-1 199_-_ for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 1998-1 199_-_ 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 Sections 4.05(a), 4.05(b), 4.05(c) and 4.07 on such Distribution Date over (b) the Floating Allocation Percentage of Collections of Finance ---- Charge Receivables with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement Supplement (Capital One Master Trust)

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