INVESTOR DEFAULT AMOUNT AND UNCOVERED DILUTION AMOUNT. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of Total Finance Charge Collections for such Business Day (after giving effect to the withdrawals pursuant to subsections 4.6(b)(i) through (iv) of the Agreement), an amount equal to the sum of (A) the aggregate Investor Default Amount for such Business Day, PLUS (B) the unpaid Investor Default Amount for any previous Business Day, PLUS (C) the Investor Uncovered Dilution Amount for such Business Day, PLUS (D) the unpaid Investor Uncovered Dilution Amount for any previous Business Day, such amount to be deposited into the Principal Account or paid pursuant to subsection 4.6(e) to the applicable Class or Classes of Certificateholders on such Business Day.
Appears in 2 contracts
Samples: Variable Funding Supplement (Federated Department Stores Inc /De/), Variable Funding Supplement (Federated Department Stores Inc /De/)
INVESTOR DEFAULT AMOUNT AND UNCOVERED
DILUTION AMOUNT. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of Total Finance Charge Collections for such Business Day (after giving effect to the withdrawals pursuant to subsections 4.6(b)(i4.6(c)(i) through (iv) of the Agreement), an amount equal to the sum of (A) the aggregate Investor Default Amount for such Business Day, PLUS (B) the unpaid Investor Default Amount for any previous Business Day, PLUS (C) the Investor Uncovered Dilution Amount for such Business Day, PLUS (D) the unpaid Investor Uncovered Dilution Amount for any previous Business Day, such amount to be deposited into the Principal Account or paid pursuant to subsection 4.6(e) to the applicable Class or Classes of Certificateholders on such Business Day.
Appears in 2 contracts
Samples: Variable Funding Supplement (Federated Department Stores Inc /De/), Variable Funding Supplement (Federated Department Stores Inc /De/)
INVESTOR DEFAULT AMOUNT AND UNCOVERED
DILUTION AMOUNT. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of Total Finance Charge Collections for such Business Day (after giving effect to the withdrawals pursuant to subsections 4.6(b)(i4.6(a)(i) through (iv) of the Agreement), an amount equal to the sum of (A) the aggregate Investor Default Amount for such Business Day, PLUS (B) the unpaid Investor Default Amount for any previous Business Day, PLUS (C) the Investor Uncovered Dilution Amount for such Business Day, PLUS (D) the unpaid Investor Uncovered Dilution Amount for any previous Business Day, such amount to be deposited into treated as VFC Principal Collections during the Principal Account or paid pursuant to subsection 4.6(e) to the applicable Class or Classes of Certificateholders on such Business DayRevolving Period.
Appears in 2 contracts
Samples: Variable Funding Supplement (Federated Department Stores Inc /De/), Variable Funding Supplement (Federated Department Stores Inc /De/)
INVESTOR DEFAULT AMOUNT AND UNCOVERED
DILUTION AMOUNT. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of Total Finance Charge Collections for such Business Day (after giving effect to the withdrawals pursuant to subsections 4.6(b)(i4.6(a)(i) through (iv) of the Agreement), an amount equal to the sum of (A) the aggregate Investor Default Amount for such Business Day, PLUS plus (B) the unpaid Investor Default Amount for any previous Business Day, PLUS plus (C) the Investor Uncovered Dilution Amount for such Business Day, PLUS plus (D) the unpaid Investor Uncovered Dilution Amount for any previous Business Day, such amount to be deposited into treated as VFC Principal Collections during the Principal Account or paid pursuant to subsection 4.6(e) to the applicable Class or Classes of Certificateholders on such Business DayRevolving Period.
Appears in 1 contract
Samples: Series 1999 1 Variable Funding Supplement (Federated Department Stores Inc /De/)