Common use of EXCESS INTEREST BENEFICIARY Clause in Contracts

EXCESS INTEREST BENEFICIARY. The beneficial entitlement of each Excess Interest Beneficiary to Trust Property at any time shall be to its pro rata share of the Finance Charge Collections and Acquired Interchange in respect of any Monthly Period allocable to any Applicable Series after Finance Charge Collections and Acquired Interchange have been allocated to each other Beneficiary forming part of such Series or group of Series, if applicable, and have been utilised by making payments to the Enhancement Provider (if the Enhancement Provider is not a Beneficiary) on the related Transfer Date ("EXCESS FINANCE CHARGE AMOUNTS").