Common use of Investor Charge-Offs Clause in Contracts

Investor Charge-Offs. (a) If, on any Distribution Date, the Floating Allocation Percentage of Yield Collections on deposit in the Collection Account remaining after the withdrawals and retentions required pursuant to subsections 4.08(a), (b), (c) and (d) is less than the Investor Default Amount for such Distribution Date, the Class B Invested Amount will be reduced by the amount by which such Investor Default Amount exceeds such remaining Yield Collections (a "Class B Investor Charge-Off"). (b) 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 A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not more than the Investor Default Amount for such Distribution Date (a "Class A Investor Charge-Off"). To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a), (b) and (c), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(d) to reimburse the aggregate amount of Class A Investor Charge-Offs not previously reimbursed, up to the amount so available. (c) To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a), (b), (c), (d), (e) and (f), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(g) to reimburse the aggregate amount of Class B Investor Charge-Offs not previously reimbursed, up to the amount so available.

Investor Charge-Offs. (a) If, on any Distribution Date, the Floating Allocation Percentage of Available Yield Collections Funds on deposit in the Collection Account remaining after the withdrawals and retentions retention required pursuant to subsections 4.08(aSections 4.9(a), (b), (c), (d), (e), (f) and (dg) is less than the Investor Default Amount for such Distribution Date, the Class B C Invested Amount will be reduced by the amount by which such Investor Default Amount exceeds such remaining Available Yield Collections Funds (a "Class C Investor Charge-Off"). (a) 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 Investor Default Amount for such Distribution Date (a "Class B Investor Charge-Off"). To the extent that on any subsequent Distribution Date there remains any Available Yield Funds on deposit in the Collection Account after giving effect to Sections 4.9(a), (b), (c), (d), (e) and (f), the Servicer will apply such remaining Available Yield Funds as provided in Section 4.9(g) to reimburse the aggregate amount of Class B Investor Charge-Offs not previously reimbursed, up to the amount so available. (b) 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 A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not more than the Investor Default Amount for such Distribution Date (a "Class A Investor Charge-Off"). To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Available Yield Collections Funds on deposit in the Collection Account after giving effect to subsections 4.08(aSections 4.9(a), (b), (c), (d) and (ce), the Servicer will apply such excess remaining Available Yield Collections Funds as provided in subsection 4.08(dSection 4.9(f) to reimburse the aggregate amount of Class A Investor Charge-Offs not previously reimbursed, up to the amount so available. (c) To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Available Yield Collections Funds on deposit in the Collection Account after giving effect to subsections 4.08(aSections 4.9(a), (b), (c), (d), (e), (f) and (fg), the Servicer will apply such excess remaining Available Yield Collections Funds as provided in subsection 4.08(gSection 4.9(h) to reimburse the aggregate amount of Class B C Investor Charge-Offs not previously reimbursed, up to the amount so available.

Investor Charge-Offs. (a) If, on any Distribution Determination Date, the Floating aggregate Investor Defaulted Amount and the Series Allocation Percentage of Yield Collections on deposit any unpaid adjustment payments required by Section 3.9 of the Agreement in the Collection Account remaining after preceding Monthly Period exceed the withdrawals and retentions required Available Series 1997-1 Finance Charge Collections applied to the payment thereof pursuant to subsections 4.08(a4.6(a)(iii), (b), (civ) and (dv) is less than plus the Investor Default Amount for such Distribution Dateamount of Excess Finance Charge Collections and Excess Transferor Finance Charge Collections allocated thereto pursuant to Section 4.7, plus the amount of Reallocated Class B Principal Collections applied with respect thereto pursuant to Section 4.9, the Class B Invested Amount will be reduced by the amount by which the remaining aggregate Investor Defaulted Amount and Series Allocation Percentage of such Investor Default Amount exceeds unpaid adjustment payments exceed the amount applied with respect thereto during such remaining Yield Collections preceding Monthly Period (a "Class B Investor Charge-Off"). (b) 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 A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Defaulted Amount and Series Allocation Percentage of the unpaid adjustment payments required by Section 3.9 of the Agreement for such Distribution Date Monthly Period (a "Class A Investor Charge-Off"). To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a), (b) and (c), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(d) to reimburse the aggregate amount of Class A Investor Charge-Offs not previously reimbursed, up to the amount so available. (c) To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a), (b), (c), (d), (e) and (f), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(g) to reimburse the aggregate amount of Class B Investor Charge-Offs not previously reimbursed, up to the amount so available.

Investor Charge-Offs. (a) If, on any Distribution Date, the Floating Allocation Percentage of Yield Collections on deposit in the Collection Account remaining after the withdrawals and retentions required pursuant to subsections 4.08(a4.8(a), (b), (c) and (d) is less than the Investor Default Amount for such Distribution Date, the Class B Invested Amount will be reduced by the amount by which such Investor Default Amount exceeds such remaining Yield Collections (a "Class B Investor Charge-Off"). (b) 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 A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not more than the Investor Default Amount for such Distribution Date (a "Class A Investor Charge-Off"). To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a4.8(a), (b) and (c), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(d4.8(d) to reimburse the aggregate amount of Class A Investor Charge-Offs not previously reimbursed, up to the amount so available. (c) To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a4.8(a), (b), (c), (d), (e) and (f), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(g4.8(g) to reimburse the aggregate amount of Class B Investor Charge-Offs not previously reimbursed, up to the amount so available.

Investor Charge-Offs. (a) If, on any Distribution Determination Date, the Floating aggregate Investor Defaulted Amount and the Series Allocation Percentage of Yield Collections on deposit any unpaid adjustment payments required by Section 3.9 of the Agreement in the Collection Account remaining after preceding Monthly Period exceed the withdrawals and retentions required Available Series 2000-__ Finance Charge Collections applied to the payment thereof pursuant to subsections 4.08(a4.6(a)(iii), (b), (civ) and (dv) is less than plus the Investor Default Amount for such Distribution Dateamount of Excess Finance Charge Collections and Excess Transferor Finance Charge Collections allocated thereto pursuant to Section 4.7, plus the amount of Reallocated Class B Principal Collections applied with respect thereto pursuant to Section 4.9, the Class B Invested Amount will be reduced by the amount by which the remaining aggregate Investor Defaulted Amount and Series Allocation Percentage of such Investor Default Amount exceeds unpaid adjustment payments exceed the amount applied with respect thereto during such remaining Yield Collections preceding Monthly Period (a "Class B Investor Charge-Off"). (b) 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 A Invested Amount will be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not more than the aggregate Investor Default Defaulted Amount and Series Allocation Percentage of the unpaid adjustment payments required by Section 3.9 of the Agreement for such Distribution Date Monthly Period (a "Class A Investor Charge-Off"). To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a), (b) and (c), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(d) to reimburse the aggregate amount of Class A Investor Charge-Offs not previously reimbursed, up to the amount so available. (c) To the extent that on any subsequent Distribution Date there remains any Floating Allocation Percentage of Yield Collections on deposit in the Collection Account after giving effect to subsections 4.08(a), (b), (c), (d), (e) and (f), the Servicer will apply such excess Yield Collections as provided in subsection 4.08(g) to reimburse the aggregate amount of Class B Investor Charge-Offs not previously reimbursed, up to the amount so available.