Excess Interest Collections Sample Clauses

Excess Interest Collections. On each Payment Date, Series 2019-1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 2019-1 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.
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Excess Interest Collections. On each Payment Date, Series 2020-1 will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 2020-1 for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.
Excess Interest Collections. Any amounts remaining in the Collection Account to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsection 4.9(a)(i) through (xiii), shall be treated as Excess Interest Collections, and the Servicer shall direct the Trustee in writing on each Business Day to withdraw such amounts from the Collection Account and to first make such amounts available to pay to Certificateholders of other Series to the extent of shortfalls, if any, in amounts payable to such certificateholders from Interest Collections allocated to such other Series, then to pay any unpaid commercially reasonable costs and expenses of a Successor Servicer, if any, and then pay any remaining Excess Interest Collections to the Transferor.
Excess Interest Collections. On each Payment Date, Series 20 - will be allocated an amount equal to the product of (a) the aggregate amount of Excess Interest Collections for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the Interest Collections Shortfall for Series 20 - for that Payment Date and a denominator equal to the aggregate amount of Interest Collections Shortfalls for all Excess Interest Sharing Series in Excess Interest Sharing Group One for that Payment Date.
Excess Interest Collections. Any remaining Available Certificateholder Interest Collections shall be treated as Excess Interest Collections, and applied pursuant to Section 4.03(f) of the Agreement. If Available Certificateholder Interest Collections are not sufficient to satisfy each of the applications described in clauses (i) through (vii) above on any Transfer Date, then Excess Interest Collections from other Series allocable to Series 1997-1 will be applied as Available Certificateholder Interest Collections in the priority and the manner described in clauses (i) through (vii) above. If Excess Interest Collections are less than the shortfalls for all Series that provide for allocations of Excess Interest Collections, such Excess Interest Collections shall be allocable to shortfalls for Series 1997-1 and any other Series that so provides pro rata based on the relative amounts of each Series' shortfall.
Excess Interest Collections. Any remaining Available --------------------------- Certificateholder Interest Collections shall be treated as Excess Interest Collections, and applied pursuant to Section 4.03(f) of the Agreement. If Available Certificateholder Interest Collections are not sufficient to satisfy the application described in clauses (i) through (viiA) above on any Transfer Date, then funds on deposit in the Incremental Funding Reserve Account will be applied in the manner described in clause (ii) above. After such application, any remaining funds in the Incremental Funding Reserve Account shall be paid to the Seller. If Available Certificateholder Interest Collections, plus amounts allocated from the Incremental Funding Reserve Account as described above, are not sufficient to satisfy each of the applications described in clauses (i) through (viiA) above on any Transfer Date, then Excess Interest Collections from other Series allocable to Series 2000-VFC will be applied as Available Certificateholder Interest Collections in the priority and the manner described in clauses (i) through (viiA) above. If Excess Interest Collections are less than the shortfalls for all Series that provide for allocations of Excess Interest Collections, such Excess Interest Collections shall be allocable to shortfalls for Series 2000-VFC and any other Series that so provides pro rata based on the relative amounts of each Series' shortfall.
Excess Interest Collections. (a) On each Transfer Date, commencing on July 23, 2004, the amounts, if any, received on such Transfer Date by the Master Trust Trustee from the Indenture Trustee which are designated as Excess Interest Collections pursuant to the Indenture shall be treated as Excess Interest Collections by the Master Trust Trustee and allocated (i) to other Series to the extent such Series provides for the use of Excess Interest Collections and (ii) to the Seller or the holders of the Seller’s Certificates.
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Excess Interest Collections. On each Distribution Date, the Servicer, on behalf of the 1999-A Owner Trustee, shall distribute the entire amount of Excess Interest Collections to HTC LP and HTD LP based upon their respective percentage ownership of the Retained 1999-A SUBI Interest; PROVIDED, HOWEVER, in the event the ERISA Compliance Test, if applicable, is not met on any Distribution Date, all Excess Interest Collections shall be deposited into the Reserve Fund. Upon any such distributions to HTC LP and HTD LP of Excess Interest Collections, neither the Noteholders nor the Certificateholders will have any rights in or claims to such amounts.
Excess Interest Collections. Subject to Section 8.05(b) of the Indenture, Excess Interest Collections with respect to the Excess Interest Sharing Series in Excess Interest Sharing Group One for any Distribution Date will be allocated to Series 2010-5 in an amount equal to the product of (i) the aggregate amount of Excess Interest Collections with respect to all the Excess Interest Sharing Series in Excess Interest Sharing Group One for such Distribution Date and (ii) a fraction, the numerator of which is the Interest Collections Shortfall for Series 2010-5 for such Distribution Date and the denominator of which is the aggregate amount of Interest Collections Shortfalls for all the Excess Interest Sharing Series in Excess Interest Sharing Group One for such Distribution Date. The "Interest Collections Shortfall" for Series 2010-5 for any Distribution Date will equal the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (i) through (xv) of Section 4.04(a) on such Distribution Date, over (b) the Available Investor Interest Collections for such Distribution Date. The "
Excess Interest Collections. Subject to Section 8.05(b) of the Indenture, Excess Interest Collections with respect to the Excess Interest Sharing Series in Excess Interest Sharing Group One for any Distribution Date will be allocated to Series 2006-3 in an amount equal to the product of (i) the aggregate amount of Excess Interest Collections with respect to all the Excess Interest Sharing Series in Excess Interest Sharing Group One for such Distribution Date and (ii) a fraction, the numerator of which is the Interest Collections Shortfall for Series 2006-3 for such Distribution Date and the denominator of which is the aggregate amount of Interest Collections Shortfalls for all the Excess Interest Sharing Series in Excess Interest Sharing Group One for such Distribution Date. The "
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