Common use of Investor Charge-Offs Clause in Contracts

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On O n or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).. SECTION

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, Distribution Date the Class A Investor Default Required Amount for the prior Monthly Period such Distribution Date exceeds the sum of (x) the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 of Subordinated Principal Collections with respect to such Monthly PeriodDistribution Date, (y) the amount of Excess Finance Charge Collections with respect to such Distribution Date and (z) the Available Shared Enhancement Amount with respect to such Distribution Date, the Collateral Interest CCA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will shall be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that such reduction would cause the Collateral Interest CCA Invested Amount to be a negative number, the Collateral Interest CCA Invested Amount will shall be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will Invested Amount shall be reduced by the amount by which the Collateral Interest CCA Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Transfer Distribution Date over the amount of such reduction, if any, of the CCA Invested Amount. In the event that such reduction would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount shall be reduced to zero, and the Class A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Distribution Date over the aggregate amount of the reductions, if any, of the CCA Invested Amount and the Class B Invested Amount for such Distribution Date pursuant to this Section 4.08(a) (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will Offs shall thereafter be reimbursed on any Transfer Date and the Class A Invested Amount increased (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date and (ii) the amount of Excess Spread Finance Charge Collections allocated and available for such that purpose pursuant to subsection 4.11(bSection 4.09(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, Distribution Date the Class B Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of (x) the amount of Excess Spread and Reallocated Collateral Principal Finance Charge Collections with respect to such Distribution Date which are allocated and available to fund such amount pay the Class B Investor Default Amount pursuant to subsection 4.11(cSection 4.09(d) and Section 4.12(y) the portion, if any, of the Collateral Interest Available Shared Enhancement Amount with respect to such Distribution Date (after giving effect to reductions for any withdrawal from the Cash Collateral Charge-Offs and Account or any Reallocated Principal Collections on such Transfer Date and any adjustments Additional Cash Collateral Account to fund the Required Draw Amount with respect thereto as described in subsection 4.10(a) above) will to such Distribution Date), then the CCA Invested Amount shall be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Dateexcess. In the event that such reduction would cause the Collateral Interest CCA Invested Amount to be a negative number, the Collateral Interest CCA Invested Amount will shall be reduced to zero zero, and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest CCA Invested Amount would have been reduced below zero (a "Class B Investor Charge-Off"). Class B Investor Charge-Offs shall thereafter be reimbursed and the Class B Invested Amount increased (but not by an amount in excess of the aggregate Class B Investor Charge-Offs) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date (but only to the extent such amount is not required to reimburse Class A Investor Charge-Offs pursuant to paragraph (a) above) and (ii) the amount of Excess Finance Charge Collections allocated and available for that purpose pursuant to Section 4.09(f). (c) If on any Distribution Date Subordinated Principal Collections for such Distribution Date are allocated pursuant to Section 4.10(a), the CCA Invested Amount shall be reduced by the amount of such Subordinated Principal Collections. In the event that such reduction would cause the CCA Invested Amount to be a negative number, the CCA Invested Amount shall be reduced to zero, and the Class B Invested Amount shall be reduced by the amount by which the CCA Invested Amount would have been reduced below zero, but not by more than . (d) If on any Distribution Date the Class B Investor CCA Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread Finance Charge Collections with respect to such Distribution Date which is are allocated and available to fund such amount pay the CCA Default Amount pursuant to subsection 4.11(gSection 4.09(h), then the Collateral Interest CCA Invested Amount will shall be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral CCA Charge-Off"). The Collateral Interest CCA Charge-Offs shall thereafter be reimbursed and the CCA Invested Amount will also be reduced increased (but not by an amount in excess of the aggregate CCA Charge-Offs) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date (but only to the extent such amount is not required to reimburse Class A Investor Charge-Offs or Class B Investor Charge-Offs pursuant to paragraph (a) or (b) above) and (ii) the amount of Reallocated Principal Excess Finance Charge Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(hpursuant to Section 4.09(i).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). . (baa) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). . (cbb) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). . (bz) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). . (caa) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If If, on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount Available Funds allocated with respect thereto pursuant to subsection 4.09(a)(iiiSection 4.11(a)(viii), subsection 4.11(a) and Section 4.12 with respect to the Class C Invested Amount will be reduced by the amount of such Monthly Period, excess. If such reduction would cause the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Class C Invested Amount will be reduced to zero, zero and the Class B Investor Interest Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero. If such reduction would cause the Class B Invested Amount (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, zero and the Class A Investor Interest M Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero. If such reduction would cause the Class M Invested Amount (after giving effect to reductions for any Class M Investor Interest Charge-Offs and Reallocated Principal Collections on such Transfer Date) to be a negative number, the Class A Invested Amount will be reduced by the amount by which the Class M Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "“Class A Investor Charge-Off"”). If the Class A Investor Interest Invested Amount has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Available Funds allocated and available for such purpose purpose, pursuant to subsection 4.11(bSection 4.11(a)(ix). (b) On or before each Transfer Date, Servicer shall calculate the Class M Investor Default Amount. If, on any Transfer Date, the Class M Investor Default Amount for the prior Monthly Period exceeds the Available Funds allocated with respect thereto pursuant to Section 4.11(a)(x), the Class C Invested Amount will be reduced by the amount of such excess. If such reduction would cause the Class C Invested Amount (after giving effect to reductions for any Class C Investor Charge-Offs and Reallocated Principal Collections and reductions pursuant to Section 4.12(a) on such Transfer Date) to be a negative number, the Class C Invested Amount will be reduced to zero and the Class B Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero. If such reduction would cause the Class B Invested Amount (after giving effect to reductions for any Class B Investor Charge-Offs and Reallocated Principal Collections and reductions pursuant to Section 4.12(a) on such Transfer Date) to be a negative number, the Class B Invested Amount will be reduced to zero and the Class M Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not by more than the Class M Investor Default Amount for such Transfer Date (a “Class M Investor Charge-Off”). If the Class M Invested Amount has been reduced by the amount of any Class M Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class M Investor Charge-Offs) by the amount of Available Funds allocated and available for such purpose, pursuant to Section 4.11(a)(xi). (c) On or before each Transfer Date, Servicer shall calculate the Class B Investor Default Amount. If If, on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are Available Funds allocated and available to fund such amount with respect thereto pursuant to subsection 4.11(c) and Section 4.124.11(a)(xii), the Collateral Interest Class C Invested Amount will be reduced by the amount of such excess. If such reduction would cause the Class C Invested Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(areductions pursuant to Sections 4.12(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveb) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount ) to be a negative number, the Collateral Interest Class C Invested Amount will be reduced to zero and the Class B Investor Interest Invested Amount will be reduced by the amount by which the Collateral Interest Class C Invested Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "“Class B Investor Charge- Charge-Off"”). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Invested Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread Available Funds allocated and available for that purpose as described under subsection 4.11(hSection 4.11(a)(xiii). (d) On or before each Transfer Date, Servicer shall calculate the Class C Investor Default Amount. If, on any Transfer Date, the Class C Investor Default Amount for the prior Monthly Period exceeds the Available Funds allocated with respect thereto pursuant to Section 4.11(a)(xiv), the Class C Invested Amount will be reduced by the amount of such excess (a “Class C Investor Charge-Off”). The Class C Invested Amount will thereafter be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class C Investor Charge-Offs) by the amount of Available Funds allocated and available for such purpose, pursuant to Section 4.11(a)(xv).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Loss Amount. If on any Transfer Distribution Date, the Class A Investor Default Loss Amount for the prior Monthly Due Period exceeds the sum of the amount amounts allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Due Period, the Collateral Class D-2 Investor Interest Amount (after giving effect to reductions for any Collateral Class D-2 Investor Charge-Offs described in paragraph (e) and any Reallocated Class D-2 Principal Collections on such Transfer Distribution Date) will be reduced by the amount of such excess, but not by more than the lesser of . If such reduction would cause the Class A D-2 Investor Default Amount Interest to be a negative number (but for the proviso in the definition thereof), the Class D-2 Investor Interest will be reduced to zero, and the Collateral Class D-1 Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class D-1 Investor Charge-Offs described in paragraph (e) and any Reallocated Class D-1 Principal Collections on such Transfer Distribution Date) for such Transfer Datewill be reduced by the amount by which the Class D-2 Investor Interest would have been reduced below zero. In the event that If such reduction would cause the Collateral Class D-1 Investor Interest Amount to be a negative numbernumber (but for the proviso in the definition thereof), the Collateral Class D-1 Investor Interest Amount will be reduced to zero, and the Class C Investor Interest (after giving effect to reductions for any Class C Investor Charge-Offs described in paragraph (d) and any Reallocated Class C Principal Collections on such Distribution Date) will be reduced by the amount by which the Class D-1 Investor Interest would have been reduced below zero. If such reduction would cause the Class C Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class C Investor Interest will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs described in paragraph (c) and any Reallocated Class B Principal Collections on such Transfer Distribution Date) will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero. In the event that If such reduction would cause the Class B Investor Interest to be a negative numbernumber (but for the proviso in the definition thereof), the Class B Investor Interest will be reduced to zero, and the Class M Investor Interest (after giving effect to reductions for any Class M Investor Charge-Offs described in paragraph (b) and any Reallocated Class M Principal Collections on such Distribution Date) will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero. If such reduction would cause the Class M Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class M Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B M Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).than

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A aggregate Investor Default Amount and the Series Allocation Percentage of unpaid Adjustment Payments, if any, for each Business Day in the prior preceding Monthly Period exceeds exceeded the sum Available Series 1997-2 Finance Charge Collections applied to the payment thereof pursuant to subsections 4.9(a)(v) and (vi) of the Agreement, the amount of Transferor Finance Charge Collections and Excess Finance Charge Collections allocated thereto pursuant to Section 4.10 of the Agreement, the amount of Reallocated Principal Collections applied with respect thereto pursuant to Section 4.16 of the Agreement, the amount of Principal Funding Account Investment Proceeds applied with respect thereto pursuant to subsection 4.09(a)(iii4.19(b), the amount of Pre-Funding Account investment proceeds applied with respect thereto pursuant to Section 4.14(c), amounts withdrawn from the Accumulation Period Reserve Account and applied with respect to the Investor Default Amount pursuant to subsection 4.11(a4.20(c) and Section 4.12 the Series Allocation Percentage of unpaid Adjustment Payments with respect to such Monthly Period, the Collateral Interest Class D Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than which the lesser of the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments exceed the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Datea "Class D Investor Charge-Off"). (b) for such Transfer Date. In the event that any such reduction of the Class D Invested Amount would cause the Collateral Interest Class D Invested Amount to be a negative number, the Collateral Interest Class D Invested Amount will be reduced to zero, and, the Class C Invested Amount will be reduced by the amount by which the Class D Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Monthly Period (a "Class C Investor Charge-Off"). (c) In the event that any such reduction of the Class C Invested Amount would cause the Class C Invested Amount to be a negative number, the Class C Invested Amount will be reduced to zero, and, the Class B Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero, but not more than the remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Monthly Period (a "Class B Investor Charge-Off"). (d) In the event that any such reduction of the Class B Invested Amount would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest A Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been reduced --------------------------- by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested --------------------------- Amount will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Excess Collateral Interest Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Excess Collateral Default Amount. If on any Transfer Distribution Date, the Excess Collateral Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Excess Collateral Interest Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Excess Collateral Default Amount and the Collateral Interest Amount for such Transfer Distribution Date (a an "Excess Collateral Charge-Off"). The ---------------------------- Excess Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Excess Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Excess Collateral Interest Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the Excess Collateral Amount) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer Receivables Trustee acting on the advice of the Trust Cash Manager shall calculate the Class A Investor Default Amount. Amount which shall be applied as follows: (i) If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated applied with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(aClause 5.10(a)(v) and Section 4.12 Clause 5.15(a) with respect to such Monthly Period, the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs Offs, any Reallocated Class C Principal Collections and any Reallocated Class B Principal Collections on such Transfer DateCollections) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount . (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Dateii) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer DateDate but excluding any Reallocated Class B Principal Collections that have resulted in a reduction of the Class C Investor Interest) will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero. , but not by more than the Class A Investor Default Amount for such Transfer Date. (iii) In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class CLASS A Investor ChargeINVESTOR CHARGE-OffOFF"). . (iv) If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed reinstated on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(bClause 5.15(b). (b) On or before each Transfer Date, the Servicer Receivables Trustee acting on the advice of the Trust Cash Manager shall calculate the Class B Investor Default Amount. Amount which shall be applied as follows: (i) If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount applied with respect thereto pursuant to subsection 4.11(c) and Section 4.12Clause 5.15(c)(ii), the Collateral Class C Investor Interest Amount (after giving effect to reductions for the amount of any Collateral Class A Investor Default Amounts that will result in a write-down of the Class C Investor Interest on such Transfer Date, any Class C Investor Charge-Offs Offs, any Reallocated Class C Principal Collections and any Reallocated Class B Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveCollections) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount excess. (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(aii) above) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will be reduced to zero zero, and the Class B Investor Interest will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class CLASS B Investor Charge- OffINVESTOR CHARGE-OFF"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections that do not result in excess of a reduction in the Collateral Class C Investor Interest Amount pursuant to Section 4.12 Clause 5.17 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates written-off to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(aClause 5.13(a)(ii) above. The . (iii) If the Class B Investor Interest has been reduced by the amount described in Clause 5.13(b)(ii) it will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) reinstated on any Transfer Date by the amount of Excess Spread allocated and available for that such purpose as described under subsection 4.11(dClause 5.15(d). (c) On or before each Transfer Date, the Servicer Receivables Trustee acting on the advice of the Trust Cash Manager shall calculate the Collateral Class C Investor Default Amount. Amount which shall be applied as follows: (i) If on any Transfer Date, the Collateral Class C Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount applied with respect thereto pursuant to subsection 4.11(gClause 5.15(h), the Collateral Class C Investor Interest Amount will be reduced by the amount of such excess excess, but not by more than the lesser of the Collateral Class C Investor Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral ChargeCLASS C INVESTOR CHARGE-OffOFF"). The Collateral Class C Investor Interest Amount will also be reduced by the amount of Reallocated Class C Principal Collections pursuant to Section 4.12 Clause 5.16 and Reallocated Class B Principal Collections pursuant to Clause 5.17 and the amount of any portion of the Collateral Class C Investor Interest Amount allocated to the Class A Certificates or the Class B Certificates written-off to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), Interest or the Class B Investor Interest, Interest pursuant to subsection 4.10(b), respectively. The Collateral Clauses 5.13(a)(i) and 5.13(b)(i) above. (ii) If the Class C Investor Interest Amount has been reduced by the amount described in Clause 5.13(c)(i) it will thereafter be reimbursed reinstated on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(hClause 5.15(i).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Charge- Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On O n or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Charge- Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-4 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-4 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-4 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1997-4 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-4 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero, and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Collateral Principal Collections on such Transfer Date) will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread Spread, Reallocated Collateral Principal Collections and Reallocated Collateral Class D Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero, and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Collateral Principal Collections on such Transfer Date) will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Class D Principal Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)) and Section 4.12, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsections 4.10(a) and (b) above) will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Class D Investor Interest (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsections 4.10(a) and (b) above) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero and the Collateral Interest Amount will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero, but not by more than the Collateral Default Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Collateral Principal Collections in excess of the Class D Investor Interest pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Collateral Interest) on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h). (d) On or before each Transfer Date, the Servicer shall calculate the Class D Investor Default Amount. If on any Transfer Date, the Class D Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(l), the Class D Investor Interest will be reduced by the amount of such excess but not by more than the lesser of the Class D Investor Default Amount and the Class D Investor Interest for such Transfer Date (a "Class D Investor Charge-Off"). The Class D Investor Interest will also be reduced by the amount of Reallocated Principal 35 Collections pursuant to Section 4.12 and the amount of any portion of the Class D Investor Interest allocated to the Class A Certificates, the Class B Certificates or the Collateral Interest to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), the Class B Investor Interest, pursuant to subsection 4.10(b), or the Collateral Interest Amount, pursuant to subsection 4.10(c), respectively. The Class D Investor Interest will thereafter be reimbursed on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(m).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.11(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that If such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b4.13(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(c) and Section 4.124.14, the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in Section 4.12(a)) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above4.12(a)) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 4.14 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above4.12(a). The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d4.13(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g4.13(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a4.12(a), or the Class B Investor Interest, pursuant to subsection 4.10(b4.12(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h4.13(h).

Investor Charge-Offs. (aaa) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Charge- Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). . (bbb) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). . (ccc) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A aggregate Investor Default Amount. If , if any, for each Business Day in the preceding Monthly Period exceeded the Available Series 2000-1 Finance Charge Collections applied to the payment thereof pursuant to subsection 4.09(a)(iv) of the Agreement and the amount of Transferor Finance Charge Collections applied to the payment thereof and Excess Finance Charge Collections and, on any Transfer and after the Class B Principal Payment Commencement Date, Transferor Subordination Amount allocated thereto pursuant to subsection 4.10 of the Agreement, the Class C Invested Amount will be reduced by the amount by which such aggregate Investor Default Amount exceeds the amount applied with respect thereto during such preceding Monthly Period (the "Class C Investor Charge-Offs"). (b) In the event that the amount of such ex cess is greater than the Class C Invested Amount, the Class C Invested Amount will be reduced to zero, and, prior to the Class B Principal Payment Commencement Date, the Class A Investor Default B Invested Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such the remaining excess, but not by more than the lesser of the Class A aggregate Investor Default Amount for such Monthly Period. (c) On and after the Class B Principal Payment Commencement Date in the event that the amount of the excess described in subsection 4.13(a) above is greater than the Class C Invested Amount, the Class C Invested Amount will be reduced to zero, and the Collateral Interest Transferor Subor dination Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of the remaining excess, but not more than the aggregate Inves tor Default Amount for such Transfer DateMonthly Period. In the event that the amount of such excess is greater than the Trans feror Subordination Amount, the Transferor Subordination Amount shall be reduced to zero, and the Class B Invested Amount will be reduced by the amount of the remaining excess, but not more than the aggregate Investor Default Amount for such Monthly Period (such reduction would cause and any reduction pursuant to subsection 4.13(b) above, a "Class B Investor Charge-Off"). (d) In the Collateral Interest event that the amount of such ex cess applied against the Class B Invested Amount to be a negative numberis greater than the Class B Invested Amount, the Collateral Interest Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) A Invested Amount will be reduced by the amount by which or the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zeroremaining excess, but not by more than the Class A Investor aggregate Inves tor Default Amount for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If To the Class A Investor Interest has been reduced by extent that on any subse quent Business Day there is a positive balance of Avail able Series 2000-1 Finance Charge Collections after giving effect to subsections 4.09(a)(i) through (iv) of the Agreement, the Servicer will apply such excess Fi xxxxx Charge Collections as provided in subsection 4.09(a)(v) of the Agreement to reimburse the aggregate amount of any Class A Investor Charge-OffsOffs not previously reimbursed, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by up to the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b)so available. (be) On or before each Transfer Date, To the Servicer shall calculate the Class B Investor Default Amount. If extent that on any Transfer Date, Determination Date there is a positive balance of the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Available Series 2000-1 Finance Charge Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs allocations and any Reallocated Principal distributions pursuant to subsections 4.09(a)(i) through (v) of the Agreement, the Servicer will apply such excess Finance Charge Collections on such Transfer Date and any adjustments with respect thereto as described provided in subsection 4.10(a4.09(a)(vi) above) will be reduced by of the Agreement to reimburse the aggregate amount of such excess but not by more than the lesser of the Class B Investor Default Amount and Charge- Offs not previously reimbursed, up to the Collateral Interest Amount amount so available. (f) To the extent that on any Determination Date there is a positive balance of the Available Series 2000-1 Finance Charge Collections after giving effect to reductions for any Collateral Charge-Offs allocations and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(adistributions pursuant to subsections 4.09(a)(i) abovethrough (vii) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer DateAgreement, the Servicer shall calculate will apply such excess Finance Charge Collections as provided in subsection 4.09(a)(viii) of the Collateral Default Amount. If on any Transfer DateAgreement to reimburse the aggregate amount of Class C Investor Charge- Offs not previously reimbursed, the Collateral Default Amount for the prior Monthly Period exceeds up to the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h)so available.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Class B Investor Interest Amount (after giving effect to reductions for any Collateral Class B Investor Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zerofor such Transfer Date. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, zero and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 2000-1 allocated and available for such purpose pursuant to subsection 4.11(b). (b) [RESERVED] (c) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Shared Excess Finance Charge Collections which are allocable to Series 2000-1 allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.124.11(g), the Collateral Class B Investor Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the . The Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 2000-1 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer DateIf, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount Distribution Date on which (after giving effect to reductions for any Collateral Charge-Offs the allocations, distributions, withdrawals and any Reallocated Principal Collections deposits to be made on such Transfer Distribution Date) (i) the Available Subordinated Amount for the related Determination Date is zero, (ii) the balance of the Reserve Fund on such Distribution Date is zero and (iii) the Deficiency Amount for such Distribution Date is greater than zero, then the Class C Invested Amount will be reduced by the amount of the excess of such excessDeficiency Amount over any remaining Available Subordinated Amount on such Determination Date, but not by more than the lesser of the Class A Investor Default Amount and for the Collateral Interest Amount related Collection Period (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Datea "Class C Investor Charge-Off"). In the event that any such reduction of the Class C Invested Amount would cause the Collateral Interest Class C Invested Amount to be a negative number, the Collateral Interest Class C Invested Amount will be maintained at or reduced to zero, and the Class B Invested Amount will be reduced by the aggregate amount of such excess, but not more than the remaining Investor Interest Default Amount for such Collection Period (after giving effect to reductions for any a "Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zeroOff"). In the event that any such reduction of the Class B Invested Amount would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be maintained at or reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the aggregate amount by which the Class B Investor Interest would have been reduced below zeroof such excess, but not by more than the Class A remaining Investor Default Amount for such Transfer Date Collection Period (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it Class B Investor Charge-Offs and Class C Investor Charge-Offs will thereafter be reimbursed on any Transfer Date (in that order) and the Class A Invested Amount and Class C Invested Amount increased (in that order) (but not by an amount in excess of the aggregate unreimbursed Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B C Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto Offs, as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificatescase may be) on any Transfer Distribution Date by the sum of (a) Allocable Miscellaneous Payments with respect to such Distribution Date and (b) the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h4.6(a)(vii).

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A aggregate Investor Default Amount. If on any Transfer Date, if any, for each Business Day in the Class A Investor Default Amount for the prior preceding Monthly Period exceeds exceeded the sum Available Series 1995-1 Interest Collections applied to the payment thereof pursuant to subsections 4.9(a)(v) and (vi) of the Agreement and the amount of Transferor Interest Collections and Excess Interest Collections allocated thereto pursuant to Section 4.10 of the Agreement, and the amount of Reallocated Principal Collections applied with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period4.14 of the Agreement, the Collateral Interest Class D Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than which the lesser of the Class A remaining aggregate Investor Default Amount and exceeds the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Datea "Class D Investor Charge-Off"). (b) for such Transfer Date. In the event that any such reduction of the Class D Invested Amount would cause the Collateral Interest Class D Invested Amount to be a negative number, the Collateral Interest Class D Invested Amount will be reduced to zero, and, the Class C Invested Amount will be reduced by the amount by which the Class D Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Amount for such Monthly Period (a "Class C Investor Charge-Off"). (c) In the event that any such reduction of the Class C Invested Amount would cause the Class C Invested Amount to be a negative number, the Class C Invested Amount will be reduced to zero, and, the Class B Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero, but not more than the remaining aggregate Investor Default Amount for such Monthly Period (a "Class B Investor Charge-Off"). (d) In the event that any such reduction of the Class B Invested Amount would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest A Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A remaining aggregate Investor Default Amount for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1996-4 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1996-4 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1996-4 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1996-4 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1996-4 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 2000-1 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 2000-1 and the Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 2000-1 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 2000-1 which is are allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the Collateral Interest) on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 2000-1 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-2 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-2 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-2 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1999-2 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-2 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Loss Amount. If on any Transfer Distribution Date, the Class A Investor Default Loss Amount for the prior Monthly Due Period exceeds the sum of the amount amounts allocated with respect thereto pursuant to subsection 4.09(a)(iiiSection 4.9(a)(iv), subsection 4.11(a) Section 4.11 and Section 4.12 with respect to such Monthly Due Period, the Collateral Interest Subordinated Transferor Invested Amount (after giving effect to reductions for any Collateral Subordinated Transferor Investor Charge-Offs and any Reallocated Subordinated Transferor Principal Collections on such Transfer Distribution Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Subordinated Transferor Invested Amount to be a negative number, the Collateral Interest Subordinated Transferor Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) A Invested Amount will be reduced by the amount by which the Collateral Interest Subordinated Transferor Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Loss Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Available Funds allocated and available for such purpose pursuant to subsection 4.11(b). (bSections 4.9(a)(iv) and 4.11. On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Subordinated Transferor Investor Default Loss Amount. If on any Transfer Distribution Date, the Class B Subordinated Transferor Investor Default Loss Amount for the prior Monthly Due Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are amounts allocated and available to fund such amount with respect thereto pursuant to subsection 4.11(cSections 4.9(a)(ix) and Section 4.124.11 with respect to such Due Period, the Collateral Interest Subordinated Transferor Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Subordinated Transferor Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveDistribution Date) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Subordinated Transferor Investor Charge- Charge-Off"). The Class B Investor Interest Subordinated Transferor Invested Amount will also be reduced by the amount of Reallocated Class B Subordinated Transferor Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest Subordinated Transferor Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection Sections 4.10(a) aboveand 4.11. The Class B Investor Interest Subordinated Transferor Invested Amount will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance aggregate amount of the Class B Certificatessuch reductions which have not been previously reimbursed) on any Transfer Distribution Date by the amount of Excess Spread Available Funds allocated and available for that purpose as described under subsection 4.11(dSection 4.9(a)(x). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Determination Date, the Servicer shall will calculate the Class A Investor Default Amount, if any, for the related Distribution Date. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period any Distribution Date exceeds the sum of of: (i) the amount allocated with respect thereto Available Investor Interest Collections for such Distribution Date applied to fund such Investor Default Amount pursuant to subsection 4.09(a)(iiiSection 4.04(a)(iv); (ii) the Excess Interest Collections available from other outstanding Series in Excess Interest Sharing Group One for such Distribution Date applied to fund such Investor Default Amount pursuant to Section 4.04(a)(iv) in accordance with Section 4.04(b)(i); (iii) the Available Transferor Collections retained in the Collection Account for such Distribution Date applied to fund such Investor Default Amount pursuant to Section 4.04(a)(iv) in accordance with Section 4.04(b)(ii); and (iv) the Reserve Fund Available Amount for such Distribution Date applied to fund such Investor Default Amount pursuant to Section 4.04(a)(iv) in accordance with Section 4.04(b)(iii); then, subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, if the Collateral Interest Available Subordinated Amount is greater than zero (after giving effect to any reductions thereof pursuant to Section 4.04(b)(ii)), a portion of the Available Subordinated Amount for any Collateral Charge-Offs the related Determination Date, in an amount not to exceed the lesser of (1) the Available Subordinated Amount and any Reallocated Principal Collections on such Transfer Date(2) will be reduced by the amount of such excessunfunded Investor Default Amount, but not by more than will be reallocated to the lesser Series 2009-2 Notes in order to avoid a reduction of the Class A Invested Amount. Any excess of the amount of such unfunded Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by over the amount by which of the Collateral Interest Available Subordinated Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest reallocated pursuant to be a negative number, the Class B Investor Interest this Section will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a constitute an "Class A Investor Charge-Off")" for such Distribution Date and will reduce the Invested Amount. If The amount of any Available Subordinated Amount reallocated pursuant to this Section will reduce the Class A Investor Interest has been reduced Available Subordinated Amount by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b)so reallocated. (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period such Transfer Date exceeds the sum of the amount allocated to be distributed with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a5.15(a)(iii) and 5.17(a) and Section 4.12 5.18 with respect to such Monthly Period, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will shall be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Class D Investor Interest Amount to be a negative number, the Collateral Class D Investor Interest Amount will shall be reduced to zero, and the Class C Investor Interest (after giving effect to reductions for any Class C Investor Charge-Offs and any Reallocated Principal Collections for which the Class D Investor Interest is not reduced on such Transfer Date) shall be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Class C Investor Interest to be a negative number, the Class C Investor Interest shall be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections for which the Class C Investor Interest is not reduced on such Transfer Date) will shall be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will shall be reduced to zero, and the Class A Investor Interest will shall be reduced (but not below zero) by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the The Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will shall thereafter be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b5.17(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period such Transfer Date exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which that are allocated and available to fund such amount pursuant to subsection 4.11(c5.17(d) and Section 4.125.18, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and after giving effect to any adjustments with respect thereto as described in subsection 4.10(a5.16(a) above) will shall be reduced by the amount of such excess excess, but not by more than the lesser of the Class B Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and after giving effect to any adjustments with respect thereto as described in subsection 4.10(a5.16(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Class D Investor Interest Amount to be a negative number, the Collateral Class D Investor Interest Amount will shall be reduced to zero, and the Class C Investor Interest (after giving effect to reductions for any Class C Investor Charge-Offs and any Reallocated Principal Collections for which the Class D Investor Interest is not reduced on such Transfer Date) shall be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Class C Investor Interest to be a negative number, the Class C Investor Interest shall be reduced to zero and the Class B Investor Interest will shall be reduced (but not below zero) by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will shall also be reduced (but not below zero) by the amount of Reallocated Class B Principal Collections in excess of the Collateral Class C Investor Interest Amount and the Class D Investor Interest (after giving effect to reductions for any Class C Investor Charge-Offs and Class D Investor Charge-Offs and any Reallocated Investor Principal Collections on such Transfer Date) allocated thereto pursuant to Section 4.12 5.18 and then by the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates Investor Interest to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a5.16(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B CertificatesNotes) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d5.17(e). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Class C Investor Default Amount. If on any Transfer Date, the Collateral Class C Investor Default Amount for the prior Monthly Period such Transfer Date exceeds the amount of Excess Spread which is and Reallocated Principal Collections that are allocated and available to fund such amount pursuant to subsection 4.11(g)5.17(g) and Section 5.18, the Collateral Class D Investor Interest Amount will (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and after giving effect to any adjustments with respect thereto as described in subsection 5.16(b) above) shall be reduced by the amount of such excess excess, but not by more than the lesser of the Collateral Class D Investor Default Amount and the Collateral Class C Investor Interest (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and after giving effect to any adjustments with respect thereto as described in subsection 5.16(b) above) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest shall be reduced to zero and the Class C Investor Interest shall be reduced (but not below zero) by the amount by which the Class D Investor Interest would have been reduced below zero, but not by more than the Class C Investor Default Amount for such Transfer Date (a "Collateral Class C Investor Charge-Off"). The Collateral Class C Investor Interest Amount will shall also be reduced (but not below zero) by the amount of Reallocated Principal Collections in excess of the Class D Investor Interest (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Investor Principal Collections on such Transfer Date) allocated thereto pursuant to Section 4.12 5.18 and then by the amount of any portion of the Collateral Class C Investor Interest Amount allocated to the Class A Certificates or the Class B Certificates Investor Interest to avoid a reduction in the Class A Investor Interest pursuant to subsection 5.16(a) above or to the Class B Investor Interest to avoid a reduction in the Class B Investor Interest pursuant to subsection 5.16(b) above. The Class C Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class C Notes) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 5.17(h). (d) On or before each Transfer Date, the Servicer shall calculate the Class D Investor Default Amount. If on any Transfer Date, the Class D Investor Default Amount for such Transfer Date exceeds the amount of Excess Spread allocated and available to fund such amount pursuant to subsection 5.17(j), the Class D Investor Interest shall be reduced by the amount of such excess, but not by more than the lesser of the Class D Investor Default Amount and the Class D Investor Interest for such Transfer Date (a "Class D Investor Charge-Off"). The Class D Investor Interest shall also be reduced (but not below zero) by the amount of Reallocated Principal Collections allocated thereto pursuant to Section 5.18 and then by the amount of any portion of the Class D Investor Interest allocated to avoid a reduction the Class A Investor Interest, pursuant to subsection 4.10(a5.16(a), or the Class B Investor Interest, pursuant to subsection 4.10(b5.16(b), respectivelyor the Class C Investor Interest, pursuant to Subsection 5.16(c). The Collateral Class D Investor Interest Amount will shall thereafter deemed to be reimbursed (but not in excess of the unpaid principal balance of the Class D Notes) on any subsequent Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h5.17(k). (e) For purposes of calculating the Investor Default Amount and the Excess Receivables Amount, the Servicer shall keep records sufficient to track cumulative losses in respect of Receivables on an Insured-by-Insured basis and on an insurer-by-insurer basis. (f) Except as otherwise expressly provided herein, if losses and investment expenses attributable to the investment of amounts on deposit in any Investor Account or any Series Account shall exceed interest and investment earnings in respect of such amounts during any Monthly Period, the net losses and expenses shall be allocated between the investor interests of all outstanding Series, on the one hand, and the Trust Interest, on the other hand, in the same proportion that losses in respect of Receivables are so allocated for such Monthly Period.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-2 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-2 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-2 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1997-2 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Charge- Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997- 2 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1998-3 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1998-3 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1998-3 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1998-3 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1998-3 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.11(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that If such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b4.13(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(c) and Section 4.124.14, the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in Section 4.12(a)) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above4.12(a)) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 4.14 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above4.12(a). The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d4.13(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g4.13(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a4.12(a), or the Class B Investor Interest, pursuant to subsection 4.10(b4.12(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h4.13(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest --------------------------- Invested Amount has been reduced by the amount of any Class A Investor Charge-Charge- Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). --------------------------- The Class B Investor Interest Invested Amount will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest CIA Invested Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Collateral CIA Investor Default Amount. If on any Transfer Distribution Date, the Collateral CIA Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g4.13(h) of the Agreement and amounts applied with respect to the CIA Investor Default Amount pursuant to the Exchangeable Certificate Purchase Agreement (which amounts shall be applied as specified in subsection 4.13(h) of the Agreement), the Collateral Interest CIA Invested Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Collateral CIA Investor Default Amount and the Collateral Interest CIA Invested Amount for such Transfer Distribution Date (a "Collateral CIA Investor Charge-Off"). The Collateral Interest CIA ----------------------- Invested Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Collateral Interest CIA Invested Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Collateral Interest CIA Invested Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the CIA Certificates) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been reduced ------ - -------- ----------- by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If 47 52 on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested Amount will also be ------ - -------- ----------- reduced by the amount of Reallocated Class B Principal Collections in excess of the Excess Collateral Interest Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Excess Collateral Default Amount. If on any Transfer Distribution Date, the Excess Collateral Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Excess Collateral Interest Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Excess Collateral Default Amount and the Collateral Interest Amount for such Transfer Distribution Date (a an "Excess Collateral Charge-Off"). The Excess Collateral Interest Amount will also be ------- ---------- ----------- reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the 48 53 Excess Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Excess Collateral Interest Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the Excess Collateral Amount) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-1 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-1 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-1 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1999-1 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1999-1 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, Distribution Date the Class A Investor Default Required Amount for the prior Monthly Period such Distribution Date exceeds the sum of (x) the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 of Subordinated Principal Collections with respect to such Monthly PeriodDistribution Date, (y) the amount of Excess Finance Charge Collections with respect to such Distribution Date and (z) the Available Shared Enhancement Amount with respect to such Distribution Date, the Collateral Interest CCA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will shall be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that such reduction would cause the Collateral Interest CCA Invested Amount to be a negative numbernumber (but for the proviso in the definition of CCA Invested Amount), the Collateral Interest CCA Invested Amount will shall be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will Invested Amount shall be reduced by the amount by which the Collateral Interest CCA Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Transfer Distribution Date over the amount of such reduction, if any, of the CCA Invested Amount. In the event that such reduction would cause the Class B Invested Amount to be a negative number (but for the proviso in the definition of Class B Invested Amount), the Class B Invested Amount shall be reduced to zero, and the Class A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Distribution Date over the aggregate amount of the reductions, if any, of the CCA Invested Amount and the Class B Invested Amount for such Distribution Date pursuant to this Section 4.08(a) (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will Offs shall thereafter be reimbursed on any Transfer Date and the Class A Invested Amount increased (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date and (ii) the amount of Excess Spread Finance Charge Collections allocated and available for such that purpose pursuant to subsection 4.11(bSection 4.09(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, Distribution Date the Class B Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of (x) the amount of Excess Spread and Reallocated Collateral Principal Finance Charge Collections with respect to such Distribution Date which are allocated and available to fund such amount pay the Class B Investor Default Amount pursuant to subsection 4.11(cSection 4.09(d) and Section 4.12(y) the portion, if any, of the Collateral Interest Available Shared Enhancement Amount with respect to such Distribution Date (after giving effect to reductions for any withdrawal from the Cash Collateral Charge-Offs and Account or any Reallocated Principal Collections on such Transfer Date and any adjustments Additional Cash Collateral Account to fund the Required Draw Amount with respect thereto as described in subsection 4.10(a) above) will to such Distribution Date), then the CCA Invested Amount shall be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Dateexcess. In the event that such reduction would cause the Collateral Interest CCA Invested Amount to be a negative numbernumber (but for the proviso in the definition of CCA Invested Amount), the Collateral Interest CCA Invested Amount will shall be reduced to zero zero, and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest CCA Invested Amount would have been reduced below zero (a "Class B Investor Charge-Off"). Class B Investor Charge-Offs shall thereafter be reimbursed and the Class B Invested Amount increased (but not by an amount in excess of the aggregate Class B Investor Charge-Offs) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date (but only to the extent such amount is not required to reimburse Class A Investor Charge-Offs pursuant to paragraph (a) above) and (ii) the amount of Excess Finance Charge Collections allocated and available for that purpose pursuant to Section 4.09(f). (c) If on any Distribution Date Subordinated Principal Collections for such Distribution Date are allocated pursuant to Section 4.10(a), the CCA Invested Amount shall be reduced by the amount of such Subordinated Principal Collections. In the event that such reduction would cause the CCA Invested Amount to be a negative number (but for the proviso in the definition of CCA Invested Amount), the CCA Invested Amount shall be reduced to zero, and the Class B Invested Amount shall be reduced by the amount by which the CCA Invested Amount would have been reduced below zero, but not by more than . (d) If on any Distribution Date the Class B Investor CCA Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread Finance Charge Collections with respect to such Distribution Date which is are allocated and available to fund such amount pay the CCA Default Amount pursuant to subsection 4.11(gSection 4.09(h), then the Collateral Interest CCA Invested Amount will shall be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral CCA Charge-Off"). The Collateral Interest CCA Charge-Offs shall thereafter be reimbursed and the CCA Invested Amount will also be increased (but not by an amount in excess of (x) the aggregate CCA Charge -Offs and (y) the aggregate amount by which the CCA Invested Amount has been reduced pursuant to Section 4.08(a), (b) or (c), which in either case has not been previously reimbursed) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date (but only to the extent such amount is not required to reimburse Class A Investor Charge-Offs or Class B Investor Charge-Offs pursuant to paragraph (a) or (b) above) and (ii) the amount of Reallocated Principal Excess Finance Charge Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(hpursuant to Section 4.09(i).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior related Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.11(a)(iv), subsection 4.11(a4.13(b) and Section 4.12 4.14 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that If reduction for such reduction excess would cause have caused the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that If such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date thereafter (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b4.13(c). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior related Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14, the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in Section 4.12(a)) will be reduced by the amount of such excess, but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above4.12(a)) for such Transfer Date. In the event that If reduction for such reduction excess would cause have caused the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 4.14 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above4.12(a). The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d4.13(e). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g4.13(h), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a4.12(a), or the Class B Investor Interest, pursuant to subsection 4.10(b4.12(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h4.13(i).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Loss Amount. If on any Transfer Distribution Date, the Class A Investor Default Loss Amount for the prior Monthly Due Period exceeds the sum of the amount amounts allocated with respect thereto pursuant to to, without duplication, Section 4.8 subsection 4.09(a)(iii4.9(a)(iv), subsection 4.11(a) Section 4.11, Section 4.12, Section 4.16 and Section 4.12 4.17 with respect to such Monthly Due Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Distribution Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zeroof such excess. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest (after giving effect to reductions for any Class A Investor Charge-Offs on such Distribution Date) will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Loss Amount for such Transfer Distribution Date. Additionally, the Class A Investor Interest shall be reduced by the amount of any Series 2004-VFC Unfunded Dilution Amount remaining after giving effect to any related Class B Investor Charge-Off but not by more than the Class A Investor Dilution Amount for such Distribution Date (collectively with any reductions in the Class A Investor Interest pursuant to the immediately preceding sentence, a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Available Funds allocated and available for such purpose pursuant to subsection 4.11(b)subsections 4.9(a) and 4.11. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Loss Amount. If on any Transfer Distribution Date, the Class B Investor Default Loss Amount for the prior Monthly Due Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are amounts allocated and available to fund such amount with respect thereto pursuant to subsection 4.11(csubsections 4.9(a) and Section 4.124.11 with respect to such Due Period, the Collateral Class B Investor Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveDistribution Date) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Dateexcess. In the event that such reduction would cause the Collateral Interest Amount to be a negative numberAdditionally, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will shall be reduced reduced, but not below zero, by the amount by which the Collateral Interest of any Series 2004-VFC Unfunded Dilution Amount would have been reduced below zero, but not by more than (collectively with any reductions in the Class B Investor Default Amount for such Transfer Date (Interest pursuant to the immediately preceding sentence, a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection subsections 4.10(a) aboveand 4.11. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance aggregate amount of the Class B Certificatessuch reductions which have not been previously reimbursed) on any Transfer Distribution Date by the amount of Excess Spread Available Funds allocated and available for that purpose as described under subsection 4.11(d4.9(a). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) a. On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been reduced --------------------------- by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) b. On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The --------------------------- Class B Investor Interest Invested Amount will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Excess Collateral Interest Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) c. On or before each Transfer Distribution Date, the Servicer shall calculate the Excess Collateral Default Amount. If on any Transfer Distribution Date, the Excess Collateral Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Excess Collateral Interest Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Excess Collateral Default Amount and the Collateral Interest Amount for such Transfer Distribution Date (a an "Excess Collateral Charge-Off"). The Excess Collateral Interest Amount will also be ---------------------------- reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Excess Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Excess Collateral Interest Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the Excess Collateral Amount) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero, and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Collateral Principal Collections on such Transfer Date) will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread Spread, Reallocated Collateral Principal Collections and Reallocated Collateral Class D Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero, and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Collateral Principal Collections on such Transfer Date) will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Class D Principal Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)) and Section 4.12, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsections 4.10(a) and (b) above) will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Class D Investor Interest (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsections 4.10(a) and (b) above) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero and the Collateral Interest Amount will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero, but not by more than the Collateral Default Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Collateral Principal Collections in excess of the Class D Investor Interest pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Collateral Interest) on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h). (d) On or before each Transfer Date, the Servicer shall calculate the Class D Investor Default Amount. If on any Transfer Date, the Class D Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(l), the Class D Investor Interest will be reduced by the amount of such excess but not by more than the lesser of the Class D Investor Default Amount and the Class D Investor Interest for such Transfer Date (a "Class D Investor Charge-Off"). The Class D Investor Interest will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Class D Investor Interest allocated to the Class A Certificates, the Class B Certificates or the Collateral Interest to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), the Class B Investor Interest, pursuant to subsection 4.10(b), or the Collateral Interest Amount, pursuant to subsection 4.10(c), respectively. The Class D Investor Interest will thereafter be reimbursed on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(m).

Investor Charge-Offs. (a) On or before each Transfer If, on any Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the Investor Defaulted Amount and any Investor Adjustment Amount exceeded the Available Series 2000-1 Finance Charge Collections applied to the payment thereof pursuant to subsections 4.6 (a)(iv), (vi) and (ix) and the amount of Excess Finance Charge Collections allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period4.7, the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of by which the remaining aggregate Defaulted Amount and Investor Adjustment Amount exceed such excess, but not by more than the lesser aggregate amount applied with respect thereto (a "Class C Investor Charge-Off"). (b) If any such reduction of the Class A Investor Default C Invested Amount and the Collateral Interest Amount (after giving effect pursuant to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer DateSection 4.8(a) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Class C Invested Amount to be a negative number, the Collateral Interest Class C Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest C Invested Amount would have been reduced below zerozero (a "Class B Investor Charge-Off"), but provided that the Class B Investor Charge-Off shall not by more be greater than the sum of the Class A Investor Default Amount, the Class A Investor Adjustment Amount, the Class B Investor Default Amount and the Class B Investor Adjustment Amount for such Transfer Date Distribution Date. (c) If any such reduction of the Class B Invested Amount pursuant to Section 4.8(b) would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount will be reduced to zero, and, the Class A Invested Amount will be reduced (but not less than zero) by the amount by which the Class B Invested Amount would have been reduced below zero (a "Class A Investor Charge-Off"). If , provided that the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will Charge- Off shall not be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more greater than the lesser sum of the Class B A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B A Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Adjustment Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d)Distribution Date. (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A aggregate Investor Default Amount and the Series Allocation Percentage of unpaid Adjustment Payments, if any, for each Business Day in the prior preceding Monthly Period exceeds exceeded the sum Available Series 1997-1 Finance Charge Collections applied to the payment thereof pursuant to subsections 4.9(a)(v) and (vi) of the Agreement, the amount of Transferor Finance Charge Collections and Excess Finance Charge Collections allocated thereto pursuant to Section 4.10 of the Agreement, the amount of Reallocated Principal Collections applied with respect thereto pursuant to Section 4.16 of the Agreement, the amount of Principal Funding Account Investment Proceeds applied with respect thereto pursuant to subsection 4.09(a)(iii4.19(b), the amount of Pre-Funding Account investment proceeds applied with respect thereto pursuant to Section 4.14(c), amounts withdrawn from the Accumulation Period Reserve Account and applied with respect to the Investor Default Amount pursuant to subsection 4.11(a4.20(c) and Section 4.12 the Series Allocation Percentage of unpaid Adjustment Payments with respect to such Monthly Period, the Collateral Interest Class D Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than which the lesser of the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments exceed the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Datea "Class D Investor Charge-Off"). (b) for such Transfer Date. In the event that any such reduction of the Class D Invested Amount would cause the Collateral Interest Class D Invested Amount to be a negative number, the Collateral Interest Class D Invested Amount will be reduced to zero, and, the Class C Invested Amount will be reduced by the amount by which the Class D Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Monthly Period (a "Class C Investor Charge- Off"). (c) In the event that any such reduction of the Class C Invested Amount would cause the Class C Invested Amount to be a negative number, the Class C Invested Amount will be reduced to zero, and, the Class B Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero, but not more than the remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Monthly Period (a "Class B Investor Charge-Off"). (d) In the event that any such reduction of the Class B Invested Amount would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest A Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero, and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Collateral Principal Collections on such Transfer Date) will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread Spread, Reallocated Collateral Principal Collections and Reallocated Collateral Class D Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Collateral Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero, and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Collateral Principal Collections on such Transfer Date) will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Class D Principal Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)) and Section 4.12, the Collateral Class D Investor Interest Amount (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsections 4.10(a) and (b) above) will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Class D Investor Interest (after giving effect to reductions for any Class D Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsections 4.10(a) and (b) above) for such Transfer Date. In the event that such reduction would cause the Class D Investor Interest to be a negative number, the Class D Investor Interest will be reduced to zero and the Collateral Interest Amount will be reduced by the amount by which the Class D Investor Interest would have been reduced below zero, but not by more than the Collateral Default Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Collateral Principal Collections in excess of the Class D Investor Interest pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Collateral Interest) on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h). (d) On or before each Transfer Date, the Servicer shall calculate the Class D Investor Default Amount. If on any Transfer Date, the Class D Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(l), the Class D Investor Interest will be reduced by the amount of such excess but not by more than the lesser of the Class D Investor Default Amount and the Class D Investor Interest for such Transfer Date (a "Class D Investor Charge-Off"). The Class D Investor Interest will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Class D Investor Interest allocated to the Class A Certificates, the Class B Certificates or the Collateral Interest to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), the Class B Investor Interest, pursuant to subsection 4.10(b), or the Collateral Interest Amount, pursuant to subsection 4.10(c), respectively. The Class D Investor Interest will thereafter be reimbursed on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(m).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Collateral Interest Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Collateral Invested Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest Invested Amount to be a negative number, the Collateral Interest Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any B-1 Invested Amount and Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) B-2 Invested Amount will be reduced reduced, pro rata, by the --- ---- amount by which the Collateral Interest Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest A-1 Invested Amount and Class A-2 Invested Amount will be reduced reduced, pro rata, by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A A-1 Investor Default Amount and Class A-2 Investor Default Amount, respectively, for such Transfer Distribution Date (a "Class A A-1 Investor Charge-Off" and "Class A-2 Investor Charge-Off", ----------------------------- ----------------------------- respectively). If the Class A Investor Interest A-1 Invested Amount and Class A-2 Invested Amounts has been reduced by the amount of any Class A A-1 Investor Charge-Offs and Class A-2 Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A A-1 Investor Charge- Charge-Offs and Class A-2 Investor Charge-Offs, respectively) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Collateral Interest Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Collateral Invested Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest Invested Amount to be a negative number, the Collateral Interest Invested Amount will shall be reduced to zero and the Class B Investor Interest will B-1 Invested Amount and Class B-2 Invested Amount shall be reduced reduced, pro rata, by the -------- amount by which the Collateral Interest Invested Amount would have been reduced below zero, but not by more than the Class B B-1 Investor Default Amount and Class B-2 Investor Default Amount, respectively, for such Transfer Distribution Date (a "Class B B-1 --------- Investor Charge- Charge-Off" and "Class B-2 Investor Charge-Off", respectively). The ------------------- ----------------------------- Class B Investor Interest B-1 Invested Amount and Class B-2 Invested Amount will also be reduced reduced, pro rata by the amount of Reallocated Class B Principal Collections in -------- excess of the Collateral Interest Invested Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest B-1 Invested Amount and Class B-2 Invested Amount, as the case may be, allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest B-1 Invested Amount and Class B-2 Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B B-1 Certificates and Class B-2 Certificates, respectively) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Collateral Investor Default Amount. If on any Transfer Distribution Date, the Collateral Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Collateral Interest Invested Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Invested Amount for such Transfer Distribution Date (a "Collateral Investor Charge-Off"). The Collateral Interest Invested Amount ------------------------------ will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Collateral Interest Invested Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Collateral Interest Invested Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the Collateral Invested Amount) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.11(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Charge- Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that If such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b4.13(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(c) and Section 4.124.14, the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in Section 4.12(a)) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above4.12(a)) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 4.14 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above4.12(a). The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d4.13(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g4.13(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a4.12(a), or the Class B Investor Interest, pursuant to subsection 4.10(b4.12(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h4.13(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the --------------------------- Class A Investor Interest Invested Amount has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested Amount will also be ---------------------------- reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest CIA Invested Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to an amount in the excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Collateral CIA Investor Default Amount. If on any Transfer Distribution Date, the Collateral CIA Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Collateral Interest CIA Invested Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Collateral CIA Investor Default Amount and the Collateral Interest CIA Invested Amount for such Transfer Distribution Date (a "Collateral CIA Investor ------------ Charge-Off"). The Collateral Interest CIA Invested Amount will also be reduced by the amount of ---------- Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Collateral Interest CIA Invested Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Collateral Interest CIA Invested Amount will thereafter be reimbursed (but not in the excess of the unpaid principal balance of the CIA Certificates) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.16(a)(iii), subsection 4.11(a4.18(a) and Section 4.12 4.19 hereof with respect to such Monthly Period, the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b)4.18(b) hereof. (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Class C Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.18(c) and Section 4.124.19 hereof, the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a4.17(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a4.17(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Class C Investor Interest Amount pursuant to Section 4.12 4.19 hereof and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a4.17(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B CertificatesInvestor Interest) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d)4.18(d) hereof. (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Class C Investor Default Amount. If on any Transfer Date, the Collateral Class C Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g)4.18(h) hereof, the Collateral Class C Investor Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Class C Investor Default Amount and the Collateral Class C Investor Interest Amount for such Transfer Date (a "Collateral Class C Investor Charge-Off"). The Collateral Class C Investor Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.19 hereof and the amount of any portion of the Collateral Class C Investor Interest Amount allocated to the Class A Certificates or the Class B Certificates Investor Interest to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a)4.17(a) hereof, or the Class B Investor Interest, pursuant to subsection 4.10(b)4.17(b) hereof, respectively. The Collateral Class C Investor Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h)4.18(i) hereof.

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default AmountLoss Amount for such Distribution Date. If If, on any Transfer Distribution Date, the such Class A Investor Default Loss Amount for the prior Monthly Period exceeds the sum of the amount amounts allocated to the Class A Certificateholders with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(aSections 3.03(b) and Section 4.12 3.04 with respect to such Monthly PeriodDistribution Date, the Collateral Interest Subordinated Transferor Invested Amount (after giving effect to reductions thereof for any Collateral Charge-Offs and any Reallocated Subordinated Transferor Principal Collections on such Transfer Distribution Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Subordinated Transferor Invested Amount to be a negative number, the Collateral Interest Subordinated Transferor Invested Amount will be reduced to zero, and the Class B Investor Interest Collateral Invested Amount (after giving effect to reductions thereof for any Class B Reallocated Collateral Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Distribution Date) will be reduced by the amount by which the Collateral Interest Subordinated Transferor Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Collateral Invested Amount to be a negative number, the Class B Investor Interest Collateral Invested Amount will be reduced to zero, and the Class A Investor Interest SERIES 1997-1 SUPPLEMENT Invested Amount will be reduced by the amount by which the Class B Investor Interest Collateral Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Loss Amount for such Transfer Distribution Date (such reduction being a "Class CLASS A Investor ChargeINVESTOR CHARGE-OffOFF"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Collateral Investor Default AmountLoss Amount for such Distribution Date. If on any Transfer Distribution Date, such Collateral Investor Loss Amount exceeds the sum of the amounts allocated to the Collateral Investor Certificateholders with respect thereto pursuant to Sections 3.03(c) and 3.04 with respect to such Distribution Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Subordinated Transferor Invested Amount (after giving effect to reductions thereof for any Collateral Charge-Offs and any Reallocated Subordinated Transferor Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(apursuant to Section 3.05(a) aboveabove on such Distribution Date) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Dateexcess. In the event that such reduction would cause the Collateral Interest Subordinated Transferor Invested Amount to be a negative number, the Collateral Interest Subordinated Transferor Invested Amount (after giving effect to reductions thereof for any Reallocated Subordinated Transferor Principal Collections and any adjustments with respect thereto pursuant to Section 3.05(a) above) will be reduced to zero zero, and the Class B Collateral Invested Amount (after giving effect to any reduction thereof for any Reallocated Collateral Investor Interest will Principal Collections and any adjustments thereto pursuant to Section 3.05(a) above) shall be reduced by the amount by which the Collateral Interest Subordinated Transferor Invested Amount would have been reduced below zero, but not by more than the Class B Collateral Investor Default Loss Amount for such Transfer Distribution Date (such reduction being a "Class B Investor Charge- OffCOLLATERAL INVESTOR CHARGE-OFF"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Collateral Default AmountSubordinated Transferor Loss Amount for such Distribution Date. If on any Transfer Distribution Date, such Subordinated Transferor Loss Amount exceeds the amount allocated to the Subordinated Transferor Certificateholders with respect thereto pursuant to Section 3.04 with respect to such Distribution Date, the Collateral Default Subordinated Transferor Invested Amount (after giving effect to any reduction thereof for the prior Monthly Period exceeds the amount of Excess Spread which is allocated any Reallocated Subordinated Transferor Principal Collection and available to fund such amount any adjustments thereto pursuant to subsection 4.11(g), the Collateral Interest Amount Sections 3.05(a) and 3.05(b) above) will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for (such Transfer Date (reduction being a "Collateral ChargeSUBORDINATED TRANSFEROR CHARGE-OffOFF"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been --------------------------- reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If 47 52 on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested Amount will also be --------------------------- reduced by the amount of Reallocated Class B Principal Collections in excess of the Excess Collateral Interest Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Excess Collateral Default Amount. If on any Transfer Distribution Date, the Excess Collateral Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Excess Collateral Interest Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Excess Collateral Default Amount and the Collateral Interest Amount for such Transfer Distribution Date (a an "Excess Collateral Charge-Off"). The Excess Collateral Interest Amount will also be ---------------------------- reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the 48 53 Excess Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Excess Collateral Interest Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the Excess Collateral Amount) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Loss Amount. If on any Transfer Distribution Date, the Class A Investor Default Loss Amount for the prior Monthly Due Period exceeds the sum of the amount amounts allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Due Period, the Collateral Class D-2 Investor Interest Amount (after giving effect to reductions for any Collateral Class D-2 Investor Charge-Offs described in the second and fourth sentences of paragraph (d) and any Reallocated Class D-2 Principal Collections on such Transfer Distribution Date) will be reduced by the amount of such excess, but not by more than the lesser of . If such reduction would cause the Class A D-2 Investor Default Amount Interest to be a negative number (but for the proviso in the definition thereof), the Class D-2 Investor Interest will be reduced to zero, and the Collateral Class D-1 Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class D-1 Investor Charge-Offs described in the third and fifth sentences of paragraph (d) and any Reallocated Class D-1 Principal Collections on such Transfer Distribution Date) for such Transfer Datewill be reduced by the amount by which the Class D-2 Investor Interest would have been reduced below zero. In the event that If such reduction would cause the Collateral Class D-1 Investor Interest Amount to be a negative numbernumber (but for the proviso in the definition thereof), the Collateral Class D-1 Investor Interest Amount will be reduced to zero, and the Class C Investor Interest (after giving effect to reductions for any Class C Investor Charge-Offs described in the fourth and fifth sentences of paragraph (c) and any Reallocated Class C Principal Collections on such Distribution Date) will be reduced by the amount by which the Class D-1 Investor Interest would have been reduced below zero. If such reduction would cause the Class C Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class C Investor Interest will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs described in the fifth and sixth sentences of paragraph (b) and any Reallocated Class B Principal Collections on such Transfer Distribution Date) will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero. In the event that If such reduction would cause the Class B Investor Interest to be a negative numbernumber (but for the proviso in the definition thereof), the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Loss Amount for such Transfer Date Distribution Date. Additionally, the Class A Investor Interest shall be reduced by the amount of any Series 2002-1 Unfunded Dilution Amount remaining after giving effect to any related Class B Investor Charge-Off, Class C Investor Charge-Off and Class D Investor Charge-Off (collectively, a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Loss Amount. If on any Transfer Distribution Date, the Class B Investor Default Loss Amount for the prior Monthly Due Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are amounts allocated and available to fund such amount with respect thereto pursuant to subsection 4.9(b)(iii), subsection 4.11(c) and Section 4.124.12 with respect to such Due Period, the Collateral Class D-2 Investor Interest Amount (after giving effect to reductions for any Collateral Class D-2 Investor Charge-Offs described in paragraph (a) and the second and fourth sentences of paragraph (d) and any Reallocated Class D-2 Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveDistribution Date) will be reduced by the amount of such excess but not by more than the lesser of excess. If such reduction would cause the Class B D-2 Investor Default Amount Interest to be a negative number (but for the proviso in the definition thereof), the Class D-2 Investor Interest will be reduced to zero, and the Collateral Class D-1 Investor Interest Amount (after giving effect to reductions for any Collateral Class D-1 Investor Charge-Offs described in paragraph (a) and the third and fifth sentences of paragraph (d) and any Reallocated Class D-1 Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(aDistribution Date) above) for such Transfer Datewill be reduced by the amount by which the Class D-2 Investor Interest would have been reduced below zero. In the event that If such reduction would cause the Collateral Class D-1 Investor Interest Amount to be a negative numbernumber (but for the proviso in the definition thereof), the Collateral Class D-1 Investor Interest Amount will be reduced to zero, and the Class C Investor Interest (after giving effect to reductions for any Class C Investor Charge-Offs described in paragraph (a) and the fourth and fifth sentences of paragraph (c) and any Reallocated Class C Principal Collections on such Distribution Date) will be reduced by the amount by which the Class D-1 Investor Interest would have been reduced below zero. If such reduction would cause the Class C Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class C Investor Interest shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Loss Amount for such Transfer Date (a "Class B Investor Charge- Off")Distribution Date. The Additionally, the Class B Investor Interest will also shall be reduced by the amount of Reallocated any Series 2002-1 Unfunded Dilution Amount remaining after giving effect to any related Class B Principal Collections in excess of the Collateral Interest Amount pursuant C Investor Charge-Off and Class D Investor Charge-Off (collectively, together with all reductions to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to under subsection 4.10(a) above), a "Class B Investor Charge-Off"). The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance amount of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Collateral Default Class C Investor Loss Amount. If on any Transfer Distribution Date, the Collateral Default Class C Investor Loss Amount for the prior Monthly Due Period exceeds the amount of Excess Spread, Shared Excess Finance Charge Collections and Reallocated Class D Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(g) and Section 4.12, the Class D-2 Investor Interest (after giving effect to reductions for any Class D-2 Investor Charge-Offs described in paragraphs (a) and (b) and the second and fourth sentences of paragraph (d) and any Reallocated Class D-2 Principal Collections on such Distribution Date) will be reduced by the amount of such excess. If such reduction would cause the Class D-2 Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class D-2 Investor Interest will be reduced to zero, and the Class D-1 Investor Interest (after giving effect to reductions for any Class D-1 Investor Charge-Offs described in paragraphs (a) and (b) and the third and fifth sentences of paragraph (d) and any Reallocated Class D-1 Principal Collections on such Distribution Date) will be reduced by the amount by which the Class D-2 Investor Interest would have been reduced below zero. If such reduction would cause the Class D-1 Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class D-1 Investor Interest will be reduced to zero, and the Class C Investor Interest will be reduced by the amount by which the Class D-1 Investor Interest would have been reduced below zero, but not by more than the Class C Investor Loss Amount for such Distribution Date. Additionally, the Class C Investor Interest shall be reduced by the amount of any Series 2002-1 Unfunded Dilution Amount remaining after giving effect to any related Class D Investor Charge-Off (collectively, together with all reductions to the Class C Investor Interest under subsections 4.10(a) and (b), a "Class C Investor Charge-Off"). The Class C Investor Interest will thereafter be reimbursed (but not in excess of the unreimbursed amount of such reductions) on any Distribution Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocated and available under subsection 4.11(i). (d) On or before each Distribution Date, the Servicer shall calculate the Class D Investor Loss Amount. If on any Distribution Date, the Class D Investor Loss Amount for the prior Due Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g4.11(l), the Collateral Class D-2 Investor Interest Amount will be reduced by the amount of such excess excess. If such reduction would cause the Class D-2 Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class D-2 Investor Interest will be reduced to zero, and the Class D-1 Investor Interest will be reduced by the amount by which the Class D-2 Investor Interest would have been reduced below zero but not by more than the lesser of the Collateral Default Amount and the Collateral Interest any remaining Class D Investor Loss Amount for such Transfer Distribution Date and the Class D-1 Investor Interest. Additionally, the Class D-2 Investor Interest shall be reduced by the amount of any Series 2002-1 Unfunded Dilution Amount. If such reduction would cause the Class D-2 Investor Interest to be a negative number (but for the proviso in the definition thereof), the Class D-2 Investor Interest will be reduced to zero, and the Class D-1 Investor Interest will be reduced by the amount by which the Class D-2 Investor Interest would have been reduced below zero but not by more than the lesser of any remaining Series 2002-1 Unfunded Dilution Amount for such Distribution Date and the Class D-1 Investor Interest. The reductions to the Class D-2 Investor Interest under this clause (d), together with all reductions to the Class D-2 Investor Interest under subsections 4.10(a), (b) and (c) are referred to collectively as a "Collateral Class D-2 Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated reductions to the Class A Certificates or D-1 Investor Interest under this clause (d), together with all reductions to the Class B Certificates to avoid a reduction in the Class A D-1 Investor Interest, pursuant to subsection Interest under subsections 4.10(a), or (b) and (c) are referred to collectively as a "Class D-1 Investor Charge-Off"). Each of the Class B D-1 Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount and the Class D-2 Investor Interest will thereafter be reimbursed (but not in excess of the unreimbursed amount of such reductions) on any Transfer Distribution Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h4.11(p).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Loss Amount. If on any Transfer Distribution Date, the Class A Investor Default Loss Amount for the prior Monthly Due Period exceeds the sum of the amount amounts allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(v), subsection 4.11(a) Section 4.11 and Section 4.12 with respect to such Monthly Due Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Distribution Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zeroof such excess. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest (after giving effect to reductions for any Class A Investor Charge-Offs on such Distribution Date) will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Loss Amount for such Transfer Distribution Date. Additionally, the Class A Investor Interest shall be reduced by the amount of any Series 2000-VFC Unfunded Dilution Amount remaining after giving effect to any related Class B Investor Charge-Off but not by more than the Class A Investor Dilution Amount for such Distribution Date (collectively, a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Available Funds allocated and available for such purpose pursuant to subsection 4.11(b)subsections 4.9(a) and 4.11. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Loss Amount. If on any Transfer Distribution Date, the Class B Investor Default Loss Amount for the prior Monthly Due Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are amounts allocated and available to fund such amount with respect thereto pursuant to subsection 4.11(csubsections 4.9(a) and Section 4.124.11 with respect to such Due Period, the Collateral Class B Investor Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveDistribution Date) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Dateexcess. In the event that such reduction would cause the Collateral Interest Amount to be a negative numberAdditionally, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will shall be reduced reduced, but not below zero, by the amount by which the Collateral Interest of any Series 2000-VFC Unfunded Dilution Amount would have been reduced below zero(collectively, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection subsections 4.10(a) aboveand 4.11. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance aggregate amount of the Class B Certificatessuch reductions which have not been previously reimbursed) on any Transfer Distribution Date by the amount of Excess Spread Available Funds allocated and available for that purpose as described under subsection 4.11(d4.9(a). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.09(a)(iv), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest --------------------------- Invested Amount has been reduced by the amount of any Class A Investor Charge-Charge- Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(e) and Section 4.124.14 of the Agreement, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested Amount will also be --------------------------- reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest CIA Invested Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to an amount in the excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(f) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Collateral CIA Investor Default Amount. If on any Transfer Distribution Date, the Collateral CIA Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(j) of the Agreement, the Collateral Interest CIA Invested Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Collateral CIA Investor Default Amount and the Collateral Interest CIA Invested Amount for such Transfer Distribution Date (a "Collateral CIA Investor Charge-Off"). The Collateral Interest CIA Invested ----------------------- Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Collateral Interest CIA Invested Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Collateral Interest CIA Invested Amount will thereafter be reimbursed (but not in the excess of the unpaid principal balance of the CIA Certificates) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(k) of the Agreement.

Investor Charge-Offs. (a) On If, on any Determination Date with respect to a Distribution Date on or before each Transfer prior to the Class C Principal Payment Commencement Date, the Servicer shall calculate the Class A aggregate Investor Default Amount. If on any Transfer Date, if any, for each Business Day in the Class A Investor Default Amount for the prior preceding Monthly Period exceeds exceeded the sum of Available Series 1997-1 Finance Charge Collections allocated to the payment thereof pursuant to subsection 4.6(a)(iv) and the amount of Excess Finance Charge Collections, Stored Excess Finance Charge Collections, Repayable Service Fee Amount, Spread Account funds, Reallocated Class C Principal Collections, Reallocated Class B-2 Principal Collections and Reallocated Class B Principal Collections allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period4.7, the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of by which such excess, but not by more than the lesser of the Class A aggregate Investor Default Amount and exceeds the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period or on the Transfer Date in respect of such Monthly Period (the "CLASS C INVESTOR CHARGE-OFFS"). To the extent that on any subsequent Business Day there is a positive balance of Available Series 1997-1 Finance Charge Collections after giving effect to reductions for any Collateral Charge- subsections 4.6(a)(i) through (viii), the Servicer will apply such Excess Finance Charge Collections as provided in subsection 4.6(a)(ix) to reimburse the aggregate amount of Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Datenot previously reimbursed, up to the amount so available. (b) for such Transfer Date. In the event that any such reduction of the Class C Invested Amount would cause the Collateral Interest Class C Invested Amount to be a negative number, the Collateral Interest Class C Invested Amount will be reduced to zero, and the Class B-2 Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Amount for such Monthly Period (the "CLASS B-2 INVESTOR CHARGE-OFFS"). To the extent that on any subsequent Business Day there is a positive balance of Available Series 1997-1 Finance Charge Collections after giving effect to subsections 4.6(a)(i) through (vii), the Servicer will apply such Excess Finance Charge Collections as provided in subsection 4.6(a)(viii) to reimburse the aggregate amount of Class B-2 Investor Charge-Offs not previously reimbursed, up to the amount so available. (c) In the event that any such reduction of the Class B-2 Invested Amount would cause the Class B-2 Invested Amount to be a negative number, the Class B-2 Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Collateral Interest Class B-2 Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Amount for such Monthly Period (the "CLASS B INVESTOR CHARGE-OFFS"). To the extent that on any subsequent Business Day there is a positive balance of Available Series 1997-1 Finance Charge Collections after giving effect to subsections 4.6(a)(i) through (v), the Servicer will apply such Excess Finance Charge Collections as provided in subsection 4.6(a)(vi) to reimburse the aggregate amount of Class B Investor Charge-Offs not previously reimbursed, up to the amount so available. (d) In the event that any such reduction of the Class B Invested Amount would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Invested Amount would have been reduced below zero, but not by more than the Class B aggregate Investor Default Amount for such Transfer Date Monthly Period (a the "Class B Investor Charge- OffCLASS A INVESTOR CHARGE-OFFS"). The Class B Investor Interest To the extent that on any subsequent Business Day there is a positive balance of Available Series 1997-1 Finance Charge Collections after giving effect to subsections 4.6(a)(i) through (iv), the Servicer will also be reduced by apply such Excess Finance Charge Collections as provided in subsection 4.6(a)(v) to reimburse the aggregate amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant Charge-Offs not previously reimbursed, up to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d)so available. (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been reduced --------------------------- by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested --------------------------- Amount will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Excess Collateral Interest Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Excess Collateral Default Amount. If on any Transfer Distribution Date, the Excess Collateral Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Excess Collateral Interest Amount (after giving effect to any adjustments with re- spect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Excess Collateral Default Amount and the Collateral Interest Amount for such Transfer Distribution Date (a an "Excess Collateral Charge-Off"). The Excess Collateral Interest ---------------------------- Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Excess Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Excess Collateral Interest Amount will thereafter be reimbursed (but not by an amount in excess of the unpaid principal balance of the Excess Collateral Amount) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, Distribution Date the Class A Investor Default Required Amount for the prior Monthly Period such Distribution Date exceeds the sum of (x) the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 of Subordinated Principal Collections with respect to such Monthly PeriodDistribution Date, (y) the amount of Excess Finance Charge Collections with respect to such Distribution Date and (z) the Available Shared Enhancement Amount with respect to such Distribution Date, the Collateral Interest CCA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will shall be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that such reduction would cause the Collateral Interest CCA Invested Amount to be a negative numbernumber (but for the proviso in the definition of CCA Invested Amount), the Collateral Interest CCA Invested Amount will shall be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will Invested Amount shall be reduced by the amount by which the Collateral Interest CCA Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Transfer Distribution Date over the amount of such reduction, if any, of the CCA Invested Amount. In the event that such reduction would cause the Class B Invested Amount to be a negative number (but for the proviso in the definition of Class B Invested Amount), the Class B Invested Amount shall be reduced to zero, and the Class A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Distribution Date over the aggregate amount of the reductions, if any, of the CCA Invested Amount and the Class B Invested Amount for such Distribution Date pursuant to this Section 4.08(a) (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will Offs shall thereafter be reimbursed on any Transfer Date and the Class A Invested Amount increased (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date and (ii) the amount of Excess Spread Finance Charge Collections allocated and available for such that purpose pursuant to subsection 4.11(bSection 4.09(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, Distribution Date the Class B Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of (x) the amount of Excess Spread and Reallocated Collateral Principal Finance Charge Collections with respect to such Distribution Date which are allocated and available to fund such amount pay the Class B Investor Default Amount pursuant to subsection 4.11(cSection 4.09(d) and Section 4.12(y) the portion, if any, of the Collateral Interest Available Shared Enhancement Amount with respect to such Distribution Date (after giving effect to reductions for any withdrawal from the Cash Collateral Charge-Offs and Account or any Reallocated Principal Collections on such Transfer Date and any adjustments Additional Cash Collateral Account to fund the Required Draw Amount with respect thereto as described in subsection 4.10(a) above) will to such Distribution Date), then the CCA Invested Amount shall be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Dateexcess. In the event that such reduction would cause the Collateral Interest CCA Invested Amount to be a negative numbernumber (but for the proviso in the definition of CCA Invested Amount), the Collateral Interest CCA Invested Amount will shall be reduced to zero zero, and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest CCA Invested Amount would have been reduced below zero (a "Class B Investor Charge-Off"). Class B Investor Charge-Offs shall thereafter be reimbursed and the Class B Invested Amount increased (but not by an amount in excess of the aggregate Class B Investor Charge-Offs) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date (but only to the extent such amount is not required to reimburse Class A Investor Charge-Offs pursuant to paragraph (a) above) and (ii) the amount of Excess Finance Charge Collections allocated and available for that purpose pursuant to Section 4.09(f). (c) If on any Distribution Date Subordinated Principal Collections for such Distribution Date are allocated pursuant to Section 4.10(a), the CCA Invested Amount shall be reduced by the amount of such Subordinated Principal Collections. In the event that such reduction would cause the CCA Invested Amount to be a negative number (but for the proviso in the definition of CCA Invested Amount), the CCA Invested Amount shall be reduced to zero, and the Class B Invested Amount shall be reduced by the amount by which the CCA Invested Amount would have been reduced below zero, but not by more than . (d) If on any Distribution Date the Class B Investor CCA Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread Finance Charge Collections with respect to such Distribution Date which is are allocated and available to fund such amount pay the CCA Default Amount pursuant to subsection 4.11(gSection 4.09(h), then the Collateral Interest CCA Invested Amount will shall be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral CCA Charge-Off"). The Collateral Interest CCA Charge-Offs shall thereafter be reimbursed and the CCA Invested Amount will also be increased (but not by an amount in excess of (x) the aggregate CCA Charge-Offs and (y) the aggregate amount by which the CCA Invested Amount has been reduced pursuant to Section 4.08(a), (b) or (c), which in either case has not been previously reimbursed) on any Distribution Date by the sum of (i) Allocable Miscellaneous Payments with respect to such Distribution Date (but only to the extent such amount is not required to reimburse Class A Investor Charge-Offs or Class B Investor Charge-Offs pursuant to paragraph (a) or (b) above) and (ii) the amount of Reallocated Principal Excess Finance Charge Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(hpursuant to Section 4.09(i).

Investor Charge-Offs. (a) On or before each Transfer Determination Date, the Servicer shall will calculate the Class A Investor Default Amount, if any, for the related Distribution Date. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period any Distribution Date exceeds the sum of of: (i) the amount allocated with respect thereto Available Investor Interest Collections for such Distribution Date applied to fund such Investor Default Amount pursuant to subsection 4.09(a)(iiiSection 4.04(a)(iv); (ii) the Excess Interest Collections available from other outstanding Series in Excess Interest Sharing Group One for such Distribution Date applied to fund such Investor Default Amount pursuant to Section 4.04(a)(iv) in accordance with Section 4.04(b)(i); (iii) the Available Transferor Collections retained in the Collection Account for such Distribution Date applied to fund such Investor Default Amount pursuant to Section 4.04(a)(iv) in accordance with Section 4.04(b)(ii); and (iv) the Reserve Fund Available Amount for such Distribution Date applied to fund such Investor Default Amount pursuant to Section 4.04(a)(iv) in accordance with Section 4.04(b)(iii); then, subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, if the Collateral Interest Available Subordinated Amount is greater than zero (after giving effect to any reductions thereof pursuant to Section 4.04(b)(ii)), a portion of the Available Subordinated Amount for any Collateral Charge-Offs the related Determination Date, in an amount not to exceed the lesser of (1) the Available Subordinated Amount and any Reallocated Principal Collections on such Transfer Date(2) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B unfunded Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by reallocated to the Series 2006-4 Notes in order to avoid a reduction of the Invested Amount. Any excess of the amount of such excess but not by more than the lesser of the Class B unfunded Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by over the amount of the Excess Spread allocated Available Subordinated Amount reallocated pursuant to this Section will constitute an "INVESTOR CHARGE-OFF" for such Distribution Date and available for that purpose as described under subsection 4.11(h)will reduce the Invested Amount. The amount of any Available Subordinated Amount reallocated pursuant to this Section will reduce the Available Subordinated Amount by the amount so reallocated.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Charge- Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Class C Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Class C Investor Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Class C Investor Default Amount. If on any Transfer Date, the Collateral Class C Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Class C Investor Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Class C Investor Default Amount and the Collateral Class C Investor Interest Amount for such Transfer Date (a "Collateral Class C Investor Charge-Off"). The Collateral Class C Investor Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Class C Investor Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Class C Investor Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A aggregate Investor Default Amount and the Series Allocation Percentage of unpaid Adjustment Payments, if any, for each Business Day in the prior preceding Monthly Period exceeds exceeded the sum Available Series 1997-1 Finance Charge Collections applied to the payment thereof pursuant to subsections 4.9(a)(v) and (vi) of the Agreement, the amount of Transferor Finance Charge Collections and Excess Finance Charge Collections allocated thereto pursuant to Section 4.10 of the Agreement, the amount of Reallocated Principal Collections applied with respect thereto pursuant to Section 4.16 of the Agreement, the Amount of Principal Funding Account Investment Proceeds applied with respect thereto pursuant to subsection 4.09(a)(iii4.19(b), the Amount of Pre-Funding Account investment proceeds applied with respect thereto pursuant to Section 4.14(c), amounts withdrawn from the Accumulation Period Reserve Account and applied with respect to the Investor Default Amount pursuant to subsection 4.11(a4.20(c) and Section 4.12 the Series Allocation Percentage of unpaid Adjustment Payments with respect to such Monthly Period, the Collateral Interest Class D Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than which the lesser of the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments exceed the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Datea "Class D Investor Charge-Off"). (b) for such Transfer Date. In the event that any such reduction of the Class D Invested Amount would cause the Collateral Interest Class D Invested Amount to be a negative number, the Collateral Interest Class D Invested Amount will be reduced to zero, and, the Class C Invested Amount will be reduced by the amount by which the Class D Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Monthly Period (a "Class C Investor Charge-Off"). (c) In the event that any such reduction of the Class C Invested Amount would cause the Class C Invested Amount to be a negative number, the Class C In- vested Amount will be reduced to zero, and, the Class B Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero, but not more than the remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Monthly Period (a "Class B Investor Charge-Off"). (d) In the event that any such reduction of the Class B Invested Amount would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest A Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-5 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-5 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-5 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1997-5 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-5 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer Receivables Trustee acting on the advice of the Trust Cash Manager shall calculate the Class A Investor Default Amount. Amount which shall be applied as follows: (i) If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated applied with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(aClause 5.10(a)(v) and Section 4.12 Clause 5.15(a) with respect to such Monthly Period, the Collateral Class C Investor Interest Amount (after giving effect to reductions for any Collateral Class C Investor Charge-Offs Offs, any Reallocated Class C Principal Collections and any Reallocated Class B Principal Collections on such Transfer DateCollections) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount . (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Dateii) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer DateDate but excluding any Reallocated Class B Principal Collections that have resulted in a reduction of the Class C Investor Interest) will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero. , but not by more than the Class A Investor Default Amount for such Transfer Date. (iii) In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class CLASS A Investor ChargeINVESTOR CHARGE-OffOFF"). . (iv) If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed reinstated on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(bClause 5.15(b). (b) On or before each Transfer Date, the Servicer Receivables Trustee acting on the advice of the Trust Cash Manager shall calculate the Class B Investor Default Amount. Amount which shall be applied as follows: (i) If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount applied with respect thereto pursuant to subsection 4.11(c) and Section 4.12Clause 5.15(c)(ii), the Collateral Class C Investor Interest Amount (after giving effect to reductions for the amount of any Collateral Class A Investor Default Amounts that will result in a write-down of the Class C Investor Interest on such Transfer Date, any Class C Investor Charge-Offs Offs, any Reallocated Class C Principal Collections and any Reallocated Class B Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveCollections) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount excess. (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(aii) above) for such Transfer Date. In the event that such reduction would cause the Collateral Class C Investor Interest Amount to be a negative number, the Collateral Class C Investor Interest Amount will be reduced to zero zero, and the Class B Investor Interest will be reduced by the amount by which the Collateral Class C Investor Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class CLASS B Investor Charge- INVESTOR Charge-Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections that do not result in excess of a reduction in the Collateral Class C Investor Interest Amount pursuant to Section 4.12 Clause 5.17 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates written-off to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(aClause 5.13(a)(ii) above. The . (iii) If the Class B Investor Interest has been reduced by the amount described in Clause 5.13(b)(ii) it will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) reinstated on any Transfer Date by the amount of Excess Spread allocated and available for that such purpose as described under subsection 4.11(dClause 5.15(d). (c) On or before each Transfer Date, the Servicer Receivables Trustee acting on the advice of the Trust Cash Manager shall calculate the Collateral Class C Investor Default Amount. Amount which shall be applied as follows: (i) If on any Transfer Date, the Collateral Class C Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount applied with respect thereto pursuant to subsection 4.11(gClause 5.15(h), the Collateral Class C Investor Interest Amount will be reduced by the amount of such excess excess, but not by more than the lesser of the Collateral Class C Investor Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral ChargeCLASS C INVESTOR CHARGE-OffOFF"). The Collateral Class C Investor Interest Amount will also be reduced by the amount of Reallocated Class C Principal Collections pursuant to Section 4.12 Clause 5.16 and Reallocated Class B Principal Collections pursuant to Clause 5.17 and the amount of any portion of the Collateral Class C Investor Interest Amount allocated to the Class A Certificates or the Class B Certificates written-off to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), Interest or the Class B Investor Interest, Interest pursuant to subsection 4.10(b), respectively. The Collateral Clauses 5.13(a)(i) and 5.13(b)(i) above. (ii) If the Class C Investor Interest Amount has been reduced by the amount described in Clause 5.13(c)(i) it will thereafter be reimbursed reinstated on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(hClause 5.15(i).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been --------------------------- reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Excess Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Excess Collateral Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Interest Amount to be a negative number, the Excess Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Excess Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The --------------------------- Class B Investor Interest Invested Amount will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Excess Collateral Interest Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to by an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Excess Collateral Default Amount. If on any Transfer Distribution Date, the Excess Collateral Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Excess Collateral Interest Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Excess Collateral Default Amount and the Collateral Interest Amount for such Transfer Distribution Date (a an "Excess Collateral Charge-Off"). The Excess Collateral Interest Amount will also be ---------------------------- reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Excess Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).subsection

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A aggregate Investor Default Amount and the Series Allocation Percentage of unpaid Adjustment Payments, if any, for each Business Day in the prior preceding Monthly Period exceeds exceeded the sum Available Series 1997-1 Imputed Yield Collections applied to the payment thereof pursuant to subsections 4.9(a)(iv) and (v) of the Agreement and the amount of Transferor Imputed Yield Collections and Excess Imputed Yield Collections allocated thereto pursuant to Section 4.10 of the Agreement, and the amount of Reallocated Principal Collections applied with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period4.14 of the Agreement, the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than which the lesser of the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments exceed the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Datea "Class C Investor Charge-Off"). (b) for such Transfer Date. In the event that any such reduction of the Class C Invested Amount would cause the Collateral Interest Class C Invested Amount to be a negative number, the Collateral Interest Class C Invested Amount will be reduced to zero, and, the Class B Invested Amount will be reduced by the amount by which the Class C Invested Amount would have been reduced below zero, but not more than the remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Monthly Period (a "Class B Investor Charge-Off"). (c) In the event that any such reduction of the Class B Invested Amount would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest A Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If . (d) Following the Class A Investor Interest has been reduced by the amount occurrence of any a Class A Investor Charge-OffsOff, it will be reimbursed on if the Class C Invested Amount is increased, including any Transfer Date (but not by an amount in excess increase thereof pursuant to Section 6.16 of the aggregate Agreement, to the extent of the Class C Invested Amount the amount of any unreimbursed Class A Investor Charge- Offs) by Charge-Off shall be reduced and, the Class A Invested Amount shall be correspondingly increased in an amount not to exceed the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Dateincreased Class C Invested Amount, the Servicer Class C Invested Amount shall calculate be correspondingly decreased and the amount of such decrease shall be deemed to be a Class C Investor Charge-Off. Following the occurrence of either a Class B Investor Charge-Off or any reduction of the Class B Invested Amount described in clause (d) of the definition thereof, if the Class C Invested Amount is increased, including any increase thereof pursuant to Section 6.16 of the Agreement, to the extent of the Class C Invested Amount remaining after any adjustment thereto pursuant to the preceding sentence the amount of any unreimbursed Class B Investor Default Amount. If on any Transfer DateCharge-Off and amounts described in clause (d) of the definition of Class B Invested Amount shall be reduced and, the Class B Investor Default Invested Amount for shall be increased in an amount not to exceed the prior Monthly Period exceeds the amount lesser of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c(x) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than remaining Class C Invested Amount, and (y) the lesser amount of reductions to the Class B Investor Default Invested Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(aclauses (c) aboveand (d) for such Transfer Date. In of the event that such reduction would cause the Collateral Interest Amount to be a negative numberdefinition thereof, the Collateral Interest Class C Invested Amount will shall be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 correspondingly decreased and the amount of any portion of the such decrease shall be deemed to be a Class B C Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii4.9(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge- Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-3 allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-3 and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will shall be reduced to zero and the Class B Investor Interest will shall be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-3 allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is and Shared Excess Finance Charge Collections allocable to Series 1997-3 allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocable to Series 1997-3 allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On If, on any Determination Date with respect to a Distribution Date on or before each Transfer prior to the Class C Principal Payment Commencement Date, the Servicer shall calculate the Class A aggregate Investor Default Amount. If on any Transfer Date, if any, for each Business Day in the Class A Investor Default Amount for the prior preceding Monthly Period exceeds exceeded the sum of Available Series 1997-1 Finance Charge Collections allocated to the payment thereof pursuant to subsection 4.6(a)(v) and the amount of Excess Finance Charge Collections, Stored Excess Finance Charge Collections, Repayable Service Fee Amount, Spread Account Funds, - 42 - 47 Reallocated Class C Principal Collections and Reallocated Class B Principal Collections allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period4.7, the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of by which such excess, but not by more than the lesser of the Class A aggregate Investor Default Amount and exceeds the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period or on the Transfer Date in respect of such Monthly Period (the "Class C Investor Charge-Offs"). To the extent that on any subsequent Business Day there is a positive balance of Available Series 1997-1 Finance Charge Collections after giving effect to reductions for any Collateral Charge- subsections 4.6(a)(i) through (vii), the Servicer will apply such Excess Finance Charge Collections as provided in subsection 4.6(a)(viii) to reimburse the aggregate amount of Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Datenot previously reimbursed, up to the amount so available. (b) for such Transfer Date. In the event that any such reduction of the Class C Invested Amount would cause the Collateral Interest Class C Invested Amount to be a negative number, the Collateral Interest Class C Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Collateral Interest Class C Invested Amount would have been reduced below zero. , but not more than the aggregate Investor Default Amount for such Monthly Period (the "Class B Investor Charge-Offs").To the extent that on any subsequent Business Day there is a positive balance of Available Series 1997-1 Finance Charge Collections after giving effect to subsections 4.6(a)(i) through (vi), the Servicer will apply such Excess Finance Charge Collections as provided in subsection 4.6(a)(vii) to reimburse the aggregate amount of Class B Investor Charge-Offs not previously reimbursed, up to the amount so available. (c) In the event that any such reduction of the Class B Invested Amount would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Invested Amount would have been reduced below zero, but not by more than the Class B aggregate Investor Default Amount for such Transfer Date Monthly Period (a the "Class B A Investor Charge- OffCharge-Offs"). The Class B Investor Interest To the extent that on any subsequent Business Day there is a positive balance of Available Series 1997-1 Finance Charge Collections after giving effect to subsections 4.6(a)(i) through (v), the Servicer will also be reduced by apply such Excess Finance Charge Collections as provided in subsection 4.6(a)(vi) to reimburse the aggregate amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant Charge-Offs not previously reimbursed, up to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d)so available. (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A aggregate Investor Default Amount and the Series Allocation Percentage of unpaid Adjustment Payments, if any, for each Business Day in the prior preceding Monthly Period exceeds exceeded the sum Available Series 1997-1 Imputed Yield Collections applied to the payment thereof pursuant to subsections 4.9(a)(iv) and (v) of the Agreement and the amount of Transferor Imputed Yield Collections and Excess Imputed Yield Collections allocated thereto pursuant to Section 4.10 of the Agreement, and the amount of Reallocated Principal Collections applied with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period4.14 of the Agreement, the Collateral Interest Class B Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than which the lesser of the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments exceed the Collateral Interest Amount amount applied with respect thereto during such preceding Monthly Period (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Datea "Class B Investor Charge-Off"). (b) for such Transfer Date. In the event that any such reduction of the Class B Invested Amount would cause the Collateral Interest Class B Invested Amount to be a negative number, the Collateral Interest Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest A Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A remaining aggregate Investor Default Amount and Series Allocation Percentage of unpaid Adjustment Payments for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If . (c) Following the Class A Investor Interest has been reduced by the amount occurrence of any a Class A Investor Charge-OffsOff, it will be reimbursed on if the Class B Invested Amount is increased, including any Transfer Date (but not by an amount in excess increase thereof pursuant to Section 6.16 of the aggregate Agreement, to the extent of the Class B Invested Amount the amount of any unreimbursed Class A Investor Charge- Offs) by Charge-Off shall be reduced and, the Class A Invested Amount shall be correspondingly increased in an amount not to exceed the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the increased Class B Investor Default Invested Amount. If on any Transfer Date, the Class B Investor Default Invested Amount for the prior Monthly Period exceeds the amount of Excess Spread shall be correspondingly decreased and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the decrease shall be deemed to be a Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).

Investor Charge-Offs. (a) On or before each Transfer Distribution Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Distribution Date, the Class A Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a4.13(a) and Section 4.12 4.14 of the Agreement with respect to the Monthly Period immediately preceding such Monthly PeriodDistribution Date, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) Invested Amount will be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Distribution Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest --------------------------- Invested Amount has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Distribution Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread Finance Charge Collections allocated and available for such purpose pursuant to subsection 4.11(b)4.13(b) of the Agreement. (b) On or before each Transfer Distribution Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Distribution Date, the Class B Investor Default Amount for the prior Monthly Period such Distribution Date exceeds the amount of Excess Spread Finance Charge Collections and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c4.13(d) and Section 4.124.14 of the Agreement, the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) abovethe preceding paragraph) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest CIA Invested Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Distribution Date. In the event that that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Collateral Interest CIA Invested Amount to be a negative number, the Collateral Interest CIA Invested Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest CIA Invested Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Distribution Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested Amount will also be reduced --------------------------- by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest CIA Invested Amount pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a4.12(a) aboveof the Agreement. The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to an amount in the excess of the unpaid principal balance of the Class B Certificates) on any Transfer Distribution Date by the amount of Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(d)4.13(e) of the Agreement. (c) On or before each Transfer Distribution Date, the Servicer shall calculate the Collateral CIA Investor Default Amount. If on any Transfer Distribution Date, the Collateral CIA Investor Default Amount for such Distribution Date exceeds the prior Monthly Period exceeds sum of the amount of Excess Spread Finance Charge Collections which is are allocated and available to fund such amount pursuant to subsection 4.11(g)4.13(h) of the Agreement, the Collateral Interest CIA Invested Amount (after giving effect to any adjustments with respect thereto as described in the preceding paragraphs) will be reduced by the amount of such excess but not by more than the lesser of the Collateral CIA Investor Default Amount and the Collateral Interest CIA Invested Amount for such Transfer Distribution Date (a "Collateral CIA Investor Charge-Off"). The Collateral Interest CIA Invested ----------------------- Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 of the Agreement and the amount of any portion of the Collateral Interest CIA Invested Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(a)4.12(a) of the Agreement, or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(b)4.12(b) of the Agreement, respectively. The Collateral Interest CIA Invested Amount will thereafter be reimbursed (but not in the excess of the unpaid principal balance of the CIA Certificates) on any Transfer Distribution Date by the amount of the Excess Spread Finance Charge Collections allocated and available for that purpose as described under subsection 4.11(h)4.13(i) of the Agreement.

Investor Charge-Offs. (a) On or before each Transfer Date, the Servicer shall calculate the sum of the Class A Investor Default Amount and the Class A Uncovered Dilution Amount (such sum being the "Class A Reduction Amount"). If on any Transfer Date, the Class A Investor Default Reduction Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iiiSection 4.11(a)(iii), subsection 4.11(aSection 4.13(a) (including amounts withdrawn from the Cash Collateral Account for such allocation) and Section 4.12 4.14 with respect to such Monthly Period, the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Class C Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Reduction Amount and the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Charge- Class C Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Class C Invested Amount to be a negative number, the Collateral Interest Class C Invested Amount will be reduced to zero, and the Class B Investor Interest Invested Amount (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Class C Invested Amount would have been reduced below zero. In the event that If such reduction would cause the Class B Investor Interest Invested Amount to be a negative number, the Class B Investor Interest Invested Amount will be reduced to zero, and the Class A Investor Interest Invested Amount will be reduced by the amount by which the Class B Investor Interest Invested Amount would have been reduced below zero, but not by more than the Class A Investor Default Reduction Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest Invested Amount has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(bSection 4.13(b). (b) On or before each Transfer Date, the Servicer shall calculate the sum of the Class B Investor Default Amount and the Class B Uncovered Dilution Amount (such sum being the "Class B Reduction Amount"). If on any Transfer Date, the Class B Investor Default Reduction Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(cSection 4.13(c) (including amounts withdrawn from the Cash Collateral Account for such allocation) and Section 4.124.14, the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Class C Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveSection 4.12(a)) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Reduction Amount and the Collateral Interest Class C Invested Amount (after giving effect to reductions for any Collateral Class C Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) aboveSection 4.12(a)) for such Transfer Date. In the event that If such reduction would cause the Collateral Interest Class C Invested Amount to be a negative number, the Collateral Interest Class C Invested Amount will shall be reduced to zero and the Class B Investor Interest will Invested Amount shall be reduced by the amount by which the Collateral Interest Class C Invested Amount would have been reduced below zero, but not by more than the Class B Investor Default Reduction Amount for such Transfer Date (a "Class B Investor Charge- Charge-Off"). The Class B Investor Interest Invested Amount will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Class C Invested Amount pursuant to Section 4.12 4.14 and the amount of any portion of the Class B Investor Interest Invested Amount allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest Invested Amount pursuant to subsection 4.10(a) aboveSection 4.12(a). The Class B Investor Interest Invested Amount will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(dSection 4.13(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral sum of the Class C Default Amount and the Class C Uncovered Dilution Amount (such sum being the "Class C Reduction Amount"). If on any Transfer Date, the Collateral Default Class C Reduction Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(gSection 4.13(g), the Collateral Interest Class C Invested Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Class C Reduction Amount and the Collateral Interest Class C Invested Amount for such Transfer Date (a "Collateral Class C Charge-Off"). The Collateral Interest Class C Invested Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 4.14 and the amount of any portion of the Collateral Interest Class C Invested Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor InterestInvested Amount, pursuant to subsection 4.10(aSection 4.12(a), or the Class B Investor InterestInvested Amount, pursuant to subsection 4.10(bSection 4.12(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).The

Investor Charge-Offs. (a) On or before each Transfer If, on any Determination Date, the Servicer shall calculate the Class A aggregate Investor Default Amount. If , if any, for each Business Day in the preceding Monthly Period exceeded the Available Series 2000-__ Finance Charge Collections applied to the payment thereof pursuant to subsection 4.09(a)(iv) of the Agreement and the amount of Transferor Finance Charge Collections applied to the payment thereof and Excess Finance Charge Collections and, on any Transfer and after the Class B Principal Payment Commencement Date, Transferor Subordination Amount allocated thereto pursuant to subsection 4.10 of the Agreement, the Class C Invested Amount will be reduced by the amount by which such aggregate Investor Default Amount exceeds the amount applied with respect thereto during such preceding Monthly Period (the "Class C Investor Charge-Offs"). (b) In the event that the amount of such excess is greater than the Class C Invested Amount, the Class C Invested Amount will be reduced to zero, and, prior to the Class B Principal Payment Commencement Date, the Class A Investor Default B Invested Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iii), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such the remaining excess, but not by more than the lesser of the Class A aggregate Investor Default Amount for such Monthly Period. (c) On and after the Class B Principal Payment Commencement Date in the event that the amount of the excess described in subsection 4.13(a) above is greater than the Class C Invested Amount, the Class C Invested Amount will be reduced to zero, and the Collateral Interest Transferor Subordination Amount (after giving effect to reductions for any Collateral Charge- Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of the remaining excess, but not more than the aggregate Investor Default Amount for such Transfer DateMonthly Period. In the event that the amount of such excess is greater than the Transferor Subordination Amount, the Transferor Subordination Amount shall be reduced to zero, and the Class B Invested Amount will be reduced by the amount of the remaining excess, but not more than the aggregate Investor Default Amount for such Monthly Period (such reduction would cause and any reduction pursuant to subsection 4.13(b) above, a "Class B Investor Charge-Off"). (d) In the Collateral Interest event that the amount of such excess applied against the Class B Invested Amount to be a negative numberis greater than the Class B Invested Amount, the Collateral Interest Class B Invested Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) A Invested Amount will be reduced by the amount by which or the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zeroremaining excess, but not by more than the Class A aggregate Investor Default Amount for such Transfer Date Monthly Period (a "Class A Investor Charge-Off"). If To the Class A Investor Interest has been reduced by extent that on any subsequent Business Day there is a positive balance of Available Series 2000-__ Finance Charge Collections after giving effect to subsections 4.09(a)(i) through (iv) of the Agreement, the Servicer will apply such excess Finance Charge Collections as provided in subsection 4.09(a)(v) of the Agreement to reimburse the aggregate amount of any Class A Investor Charge-OffsOffs not previously reimbursed, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge- Offs) by up to the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b)so available. (be) On or before each Transfer Date, To the Servicer shall calculate the Class B Investor Default Amount. If extent that on any Transfer Date, Determination Date there is a positive balance of the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Available Series 2000-__ Finance Charge Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral allocations and distributions pursuant to subsections 4.09(a)(i) through (vi) of the Agreement, the Servicer will apply such excess Finance Charge Collections as provided in subsection 4.09(a)(vii) of the Agreement to reimburse the aggregate amount of Class B Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by not previously reimbursed, up to the amount of such excess but not by more than so available. (f) To the lesser extent that on any Determination Date there is a positive balance of the Class B Investor Default Amount and the Collateral Interest Amount (Available Series 2000-__ Finance Charge Collections after giving effect to reductions for any Collateral allocations and distributions pursuant to subsections 4.09(a)(i) through (viii) of the Agreement, the Servicer will apply such excess Finance Charge Collections as provided in subsection 4.09(a)(ix) of the Agreement to reimburse the aggregate amount of Class C Investor Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount not previously reimbursed, up to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d)so available. (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h).