Excess Yield Collections. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and allocate and distribute, to the extent that such amount shall be available, an amount ("Excess Spread") equal to the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date remaining after giving effect to subsections 4.08(a) through (h) above (A) to the Holders of the Exchangeable Transferor Certificate or (B) to other Excess Allocation Series in accordance with the terms of Section 4.15.
Appears in 3 contracts
Samples: Master Pooling and Servicing Agreement (American Express Centurion Bank), Series Supplement (American Express Receivables Financing Corp), Supplement to the Amended and Restated Master Pooling and Servicing Agreement (American Express Master Trust)
Excess Yield Collections. On each Distribution DateDate during the Revolving Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and allocate and distribute, distribute to the Transferor to the extent that such amount shall be available, an amount ("Excess Spread") equal to the Floating Allocation Percentage of remaining Available Yield Collections for the Due Period immediately preceding such Distribution Date remaining Funds after giving effect to subsections 4.08(aSections 4.9(a) through (h) above (A) to the Holders of the Exchangeable Transferor Certificate or (B) to other Excess Allocation Series in accordance with the terms of Section 4.15above.
Appears in 3 contracts
Samples: Master Pooling and Servicing Agreement (Yamaha Motor Receivables Corp), Master Pooling and Servicing Agreement (Yamaha Motor Master Trust), Master Pooling and Servicing Agreement (Yamaha Motor Receivables Corp)
Excess Yield Collections. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and allocate and distribute, distribute to the Transferor to the extent that such amount shall be available, an amount ("Excess Spread") equal to the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date remaining after giving effect to subsections 4.08(aSections 4.8(a) through (hg) above (A) to the Holders of the Exchangeable Transferor Certificate or (B) to other Excess Allocation Series in accordance with the terms of Section 4.15above.
Appears in 1 contract
Samples: Series Supplement (American Express Receivables Financing Corp)
