Excess Principal Amount Sharing. (a) Shared Excess Available Principal Amounts allocable to the Series 2008-2 on any Distribution Date shall be treated as Series 2008-2 Available Principal Amounts for such Distribution Date. (b) Shared Excess Available Principal Amounts allocable to the Series 2008-2 with respect to any Distribution Date shall mean an amount equal to the Series Principal Amounts Shortfall, if any, with respect to the Series 2008-2 for such Distribution Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date is less than the Aggregate Series Principal Amounts Shortfall for such Distribution Date, then Shared Excess Available Principal Amounts allocable to Series 2008-2 on such Distribution Date shall equal the product of (i) Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date and (ii) a fraction, the numerator of which is the Series Principal Amounts Shortfall with respect to Series 2008-2 for such Distribution Date and the denominator of which is the Aggregate Series Principal Amounts Shortfall for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date.
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Samples: Indenture Supplement (National City Credit Card Master Trust), Indenture Supplement (National City Credit Card Master Note Trust)
Excess Principal Amount Sharing. (a) Shared Excess Available Principal Amounts allocable to the Series 2008-2 3 on any Distribution Date shall be treated as Series 2008-2 3 Available Principal Amounts for such Distribution Date.
(b) Shared Excess Available Principal Amounts allocable to the Series 2008-2 3 with respect to any Distribution Date shall mean an amount equal to the Series Principal Amounts Shortfall, if any, with respect to the Series 2008-2 3 for such Distribution Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date is less than the Aggregate Series Principal Amounts Shortfall for such Distribution Date, then Shared Excess Available Principal Amounts allocable to Series 2008-2 3 on such Distribution Date shall equal the product of (i) Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date and (ii) a fraction, the numerator of which is the Series Principal Amounts Shortfall with respect to Series 2008-2 3 for such Distribution Date and the denominator of which is the Aggregate Series Principal Amounts Shortfall for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date.
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Samples: Indenture Supplement (National City Credit Card Master Trust)
Excess Principal Amount Sharing. (a) Shared Excess Available Principal Amounts allocable to the Series 2008-2 1 on any Distribution Date shall be treated as Series 2008-2 1 Available Principal Amounts for such Distribution Date.
(b) Shared Excess Available Principal Amounts allocable to the Series 2008-2 1 with respect to any Distribution Date shall mean an amount equal to the Series Principal Amounts Shortfall, if any, with respect to the Series 2008-2 1 for such Distribution Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date is less than the Aggregate Series Principal Amounts Shortfall for such Distribution Date, then Shared Excess Available Principal Amounts allocable to Series 2008-2 1 on such Distribution Date shall equal the product of (i) Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date and (ii) a fraction, the numerator of which is the Series Principal Amounts Shortfall with respect to Series 2008-2 1 for such Distribution Date and the denominator of which is the Aggregate Series Principal Amounts Shortfall for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date.
Appears in 1 contract
Samples: Indenture Supplement (National City Credit Card Master Trust)
Excess Principal Amount Sharing. (a) Shared Excess Available Principal Amounts allocable to the Series 2008-2 2005-[- ] on any Distribution Date shall be treated as Series 2008-2 2005-[- ] Available Principal Amounts for such Distribution Date.
(b) Shared Excess Available Principal Amounts allocable to the Series 2008-2 2005-[- ] with respect to any Distribution Date shall mean an amount equal to the Series Principal Amounts Shortfall, if any, with respect to the Series 2008-2 2005-[- ] for such Distribution Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date is less than the Aggregate Series Principal Amounts Shortfall for such Distribution Date, then Shared Excess Available Principal Amounts allocable to Series 2008-2 2005-[- ] on such Distribution Date shall equal the product of (i) Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date and (ii) a fraction, the numerator of which is the Series Principal Amounts Shortfall with respect to Series 2008-2 2005-[- ] for such Distribution Date and the denominator of which is the Aggregate Series Principal Amounts Shortfall for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date.
Appears in 1 contract
Samples: Indenture Supplement (National City Credit Card Master Trust)
Excess Principal Amount Sharing. (a) Shared Excess Available Principal Amounts allocable to the Series 20082007-2 1 on any Distribution Date shall be treated as Series 20082007-2 1 Available Principal Amounts for such Distribution Date.
(b) Shared Excess Available Principal Amounts allocable to the Series 20082007-2 1 with respect to any Distribution Date shall mean an amount equal to the Series Principal Amounts Shortfall, if any, with respect to the Series 20082007-2 1 for such Distribution Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date is less than the Aggregate Series Principal Amounts Shortfall for such Distribution Date, then Shared Excess Available Principal Amounts allocable to Series 20082007-2 1 on such Distribution Date shall equal the product of (i) Shared Excess Available Principal Amounts for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date and (ii) a fraction, the numerator of which is the Series Principal Amounts Shortfall with respect to Series 20082007-2 1 for such Distribution Date and the denominator of which is the Aggregate Series Principal Amounts Shortfall for all Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution Date.
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