Common use of Investor Charge-Offs Clause in Contracts

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] Default Amount, if any, for the related Payment Date. If, for any Payment Date, the Series [•] Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(d) with respect to such Monthly Period, the Allocation Amount will be reduced by the amount of such excess, but not by more than the Series [•] Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•__]-[__] Default Amount, if any, for the related Payment Date. If, for any Payment Date, the Series [•__]-[__] Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(d) with respect to such Monthly Period, the Allocation Amount will be reduced by the amount of such excess, but not by more than the Series [•__]-[__] Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2015-2 Default Amount, if any, for the related Payment Date. If, for any Payment Date, the Series [•] 2015-2 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(d) with respect to such Monthly Period, the Allocation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2015-2 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2008-1 Default Amount, if any, for the related Payment Date. If, for on any Payment Date, the Series [•] 2008-1 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(dsubsection 4.05(e) with respect to such Monthly Period, the Allocation Nominal Liquidation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2008-1 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2013-1 Default Amount, if any, for the related Payment Date. If, for any Payment Date, the Series [•] 2013-1 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(d) with respect to such Monthly Period, the Allocation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2013-1 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2012-2 Default Amount, if any, for the related Payment Date. If, for any Payment Date, the Series [•] 2012-2 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(d) with respect to such Monthly Period, the Allocation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2012-2 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2007-2 Default Amount, if any, for the related Payment Date. If, for on any Payment Date, the Series [•] 2007-2 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(dsubsection 4.05(e) with respect to such Monthly Period, the Allocation Nominal Liquidation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2007-2 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2007-1 Default Amount, if any, for the related Payment Date. If, for on any Payment Date, the Series [•] 2007-1 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(dsubsection 4.05(e) with respect to such Monthly Period, the Allocation Nominal Liquidation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2007-1 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2014-1 Default Amount, if any, for the related Payment Date. If, for any Payment Date, the Series [•] 2014-1 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(d) with respect to such Monthly Period, the Allocation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2014-1 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).

Investor Charge-Offs. On or prior to each Note Transfer Date, the Servicer shall calculate the Series [•] 2008-2 Default Amount, if any, for the related Payment Date. If, for on any Payment Date, the Series [•] 2008-2 Default Amount for the related Monthly Period exceeds the amount available therefor pursuant to Section 4.04(dsubsection 4.05(e) with respect to such Monthly Period, the Allocation Nominal Liquidation Amount will be reduced by the amount of such excess, but not by more than the Series [•] 2008-2 Default Amount for such Payment Date (such reduction, an “Investor Charge-Off”).