Common use of Excess Principal Collections Clause in Contracts

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 Principal Shortfall" for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

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Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 [19_-_] Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 [199_-_] and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 [199_-_] Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 1999-2 [199_-_] Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 [199_-_] Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and [(y) a fraction, the numerator of which is the Series 1999-2 [199_-_] Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date] [describe other non-pro rata formula, if applicable]. The "Series 1999-2 [199_-_] Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) [for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Deposit Amount [other] [for any Distribution Date with respect to the Controlled Amortization Period, the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount] [other], the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period [or Reinvestment Period], the sum of the Invested Amount and the L/C [Invested Amount, if any] [other], over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement Supplement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 3 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 3 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 3 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 3 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 3 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 3 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 3 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 3 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 3 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 3 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 3 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 3 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 3 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 3 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 3 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 3 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991997-2 1 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 1 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Controlled Amortization Period, (A) the Controlled Distribution Amount and (B) plus, if such Distribution Date is also after the Class B Expected Final Payment last day of the February 2004 Collection Period, the Additional Accumulation Amount for such Distribution Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the a Reinvestment Period or an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 6 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 6 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 6 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 6 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 6 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 6 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 6 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 6 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991995-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19991995-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 19991995-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991995-2 1 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991995-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991995-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991995-2 1 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Controlled Amortization Period Principal Distribution Date with respect to the Accumulation PeriodDate, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the a Series 1995-1 Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if anyor (z) for any Invested Amount Reduction Date, the Required Initial Invested Amount Reduction Amount over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Samples: Master Custodial and Servicing Agreement (Chrysler Financial Corp)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 10 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 10 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 10 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 10 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 10 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 10 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 10 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 10 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement Supplement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991996-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19991996-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 19991996-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991996-2 1 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991996-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991996-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991996-2 1 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Samples: Series Supplement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 7 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 7 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 7 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 7 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 7 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 7 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 7 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 7 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 5 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 5 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 5 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 5 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 5 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 5 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 5 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 5 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19992001-2 A Excess Principal Collections for such Distribution Date will be allocated to Series 19992001-2 A and will be distributed as set forth in this Series Supplement. (b) Series 19992001-2 A Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19992001-2 A Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series entitled to share Excess Principal Collections for such Distribution Date, then Series 19992001-2 A Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19992001-2 A Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series entitled to share Excess Principal Collections for such Distribution Date. The "Series 19992001-2 A Principal Shortfall" for ", with respect to any Distribution Date shall equal the excess of Date, xxxxx xxxxx xxx xxxxxx xx (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateDeposit Amount, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) (x) with respect to the Accumulation Period, Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections) or (y) with respect to an Early Amortization Period, Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Excess Principal Collections).

Appears in 1 contract

Samples: Series 2001 a Supplement (Daimlerchrysler Wholesale Receivables LLC)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991995-2 5 Excess Principal Collections for such Distribution Date will be allocated to Series 19991995-2 5 and will be distributed as set forth in this Series Supplement. (b) Series 19991995-2 5 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991995-2 5 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991995-2 5 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991995-2 5 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991995-2 5 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Controlled Amortization Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 7 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 7 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 7 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 7 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 7 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 7 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 7 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 7 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

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Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 7 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 7 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 7 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 7 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 7 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 7 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 7 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 7 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991997-2 8 Excess Principal Collections for such Distribution Date will be allocated to Series 19991997-2 8 and will be distributed as set forth in this Series Supplement. (b) Series 19991997-2 8 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991997-2 8 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991997-2 8 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991997-2 8 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991997-2 8 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991997-2 8 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 1999-2 1 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 1999-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 1999-2 1 Principal Shortfall" for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 1 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 1999-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 1999-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 1999-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 1999-2 1 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series entitled to share Excess Principal Collections for such Distribution Date, then Series 1999-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 1999-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series entitled to share Excess Principal Collections for such Distribution Date. The "Series 1999-2 1 Principal Shortfall" for ", with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Class A-1 Accumulation Period, (A) the Class A-1 Controlled Distribution Amount and (B) if such Distribution Date is also Amount, or with respect to the Class B Expected Final Payment DateA-2 Accumulation Period, the Class B Invested Amount A-2 Controlled Distribution Amount, or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) (x) with respect to the Class A-1 Accumulation Period, the Class A-1 Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections), or with respect to the Class A-2 Accumulation Period, the Class A-2 Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Excess Principal Collections) or (y) with respect to an Early Amortization Period, Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Excess Principal Collections).

Appears in 1 contract

Samples: Series Supplement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991998-2 1 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 1 Principal Shortfall" for ", with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Class A-1 Accumulation Period, (A) the Class A-1 Controlled Distribution Amount and (B) if such Distribution Date is also Amount, or with respect to the Class B Expected Final Payment DateA-2 Accumulation Period, the Class B Invested Amount A-2 Controlled Distribution Amount, or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) (x) with respect to the Class A-1 Accumulation period, the Class A-1 Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections), or with respect to the Class A-2 Accumulation Period, the Class A-2 Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Excess Principal Collections) or (y) with respect to an Early Amortization Period, Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 1 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 1 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 1 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 1 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 1 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 1 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount Amount, or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 1 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991998-2 9 Excess Principal Collections for such Distribution Date will be allocated to Series 19991998-2 9 and will be distributed as set forth in this Series Supplement. (b) Series 19991998-2 9 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Period, shall mean an amount equal to the Series 19991998-2 9 Principal Shortfall for such Distribution Date; provided, however, that if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991998-2 9 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991998-2 9 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991998-2 9 Principal Shortfall" Shortfall for any Distribution Date shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment Date, the Class B Invested Amount or (y) for any Distribution Date with respect to the Early Amortization Period, the sum of the Invested Amount and the L/C CCA Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 19991998-2 9 Excess Principal Collections).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Excess Principal Collections. (a) That portion of Excess Principal Collections for any Distribution Date equal to the amount of Series 19991996-2 Excess Principal Collections for such Distribution Date will be allocated to Series 19991996-2 and will be distributed as set forth in this Series Supplement. (b) Series 19991996-2 Excess Principal Collections, for any Distribution Date with respect to the Accumulation Period or the Early Amortization Periodany Distribution Date, shall mean an amount equal to the Series 19991996-2 Principal Shortfall for such Distribution Date; provided, however, that that, if the aggregate amount of Excess Principal Collections for all Series for such Distribution Date is less than the aggregate amount of Principal Shortfalls for all Series for such Distribution Date, then Series 19991996-2 Excess Principal Collections for such Distribution Date shall equal the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 19991996-2 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date. The "Series 19991996-2 Principal Shortfall" for , with respect to any Distribution Date Date, shall equal the excess of (i) (x) for any Distribution Date with respect to the Accumulation Period, (A) the Controlled Distribution Amount and (B) if such Distribution Date is also the Class B Expected Final Payment DateAmount, the Class B Invested Amount or (y) for any Distribution Date with respect to the an Early Amortization Period, the sum of the Invested Amount and the L/C Invested Amount, if any, over (ii) Available Investor Principal Collections for such Distribution Date (excluding any portion thereof attributable to Series 1999-2 Excess Principal Collections).

Appears in 1 contract

Samples: Series Supplement (Carco Auto Loan Master Trust)

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