Common use of Excess Principal Collections Clause in Contracts

Excess Principal Collections. The Servicer will allocate Series 2000-1 Excess Principal Collections and treat as Available Noteholder Principal Collections an amount equal to the Series 2000-1 Principal Shortfall, to the extent available. In the event there is no Series 2000-1 Principal Shortfall, Excess Principal Collections will be allocated and distributed in accordance with Section 4.4 of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Indenture (Wodfi LLC)

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Excess Principal Collections. The Servicer will allocate Series 20002004-1 Excess Principal Collections and treat as Available Noteholder Principal Collections an amount equal to the Series 20002004-1 Principal Shortfall, to the extent available. In the event there is no Series 20002004-1 Principal Shortfall, Excess Principal Collections will be allocated and distributed in accordance with Section 4.4 of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Indenture (Wodfi LLC)

Excess Principal Collections. The Servicer will allocate Series 20002003-1 VFN-A Excess Principal Collections and treat as Available Noteholder Investor Principal Collections an amount equal to the Series 20002003-1 VFN-A Principal Shortfall, to the extent available. In the event there is no Series 20002003-1 VFN-A Principal Shortfall, Series 2003-VFN-A Excess Principal Collections will be allocated and distributed in accordance with Section 4.4 of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Indenture Supplement (Wodfi LLC)

Excess Principal Collections. The Servicer will allocate ---------------------------- Series 20002001-1 Excess Principal Collections and treat as Available Noteholder Principal Collections an amount equal to the Series 20002001-1 Principal Shortfall, to the extent available. In the event there is no Series 20002001-1 Principal Shortfall, Excess Principal Collections will be allocated and distributed in accordance with Section 4.4 of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Indenture (Wodfi LLC)

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Excess Principal Collections. The Servicer will allocate Series 2000-1 VFN Excess Principal Collections and treat as Available Noteholder Investor Principal Collections an amount equal to the Series 2000-1 VFN Principal Shortfall, to the extent available. In the event there is no Series 2000-1 VFN Principal Shortfall, Series 2000-VFN Excess Principal Collections will be allocated and distributed in accordance with Section 4.4 of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Indenture (Wodfi LLC)

Excess Principal Collections. The Servicer will allocate Series 20002003-1 VFN-B Excess Principal Collections and treat as Available Noteholder Investor Principal Collections an amount equal to the Series 20002003-1 VFN-B Principal Shortfall, to the extent available. In the event there is no Series 20002003-1 VFN-B Principal Shortfall, Series 2003-VFN-B Excess Principal Collections will be allocated and distributed in accordance with Section 4.4 of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Indenture (Wodfi LLC)

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