Common use of Investor Default Amount Clause in Contracts

Investor Default Amount. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall set aside and retain in the Collection Account, to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date, after giving effect to subsections 4.08(a), (b), (c), and (d), an amount equal to the aggregate Investor Default Amount for such Distribution Date which amount shall be deemed to be Principal Collections and treated as Excess Principal Collections with respect to Distribution Dates relating to the Revolving Period, and thereafter will be set aside and retained in the Collection Account and treated as a part of Class A Monthly Principal during the Controlled Accumulation Period or any Early Amortization Period and applied in accordance with subsection 4.08(j) or, if applicable, will be set aside and retained in the Collection Account and be applied as part of Class B Monthly Principal as provided in subsection 4.08(j).

Investor Default Amount. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall set aside and retain in the Collection Account, to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date, after giving effect to subsections 4.08(a), (b), (c), and (d), an amount equal to the aggregate Investor Default Amount for such Distribution Date which amount shall be deemed to be Principal Collections and treated as Excess Principal Collections with respect to Distribution Dates relating to the Revolving Period, and thereafter will be set aside and retained in the Collection Account and treated as a part of Class A Monthly Principal during the Controlled 13 Accumulation Period or any Early Amortization Period and applied in accordance with subsection 4.08(j) or, if applicable, will be set aside and retained in the Collection Account and be applied as part of Class B Monthly Principal as provided in subsection 4.08(j).

Investor Default Amount. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall set aside and retain in the Collection Account, to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date, after giving effect to subsections 4.08(a4.8(a), (b), (c), and (d), an amount equal to the aggregate Investor Default Amount for such Distribution Date which amount shall be deemed to be Principal Collections and treated as Excess Principal Collections with respect to Distribution Dates relating to the Revolving Period, and thereafter which amount will be set aside and retained in the Collection Account and treated as a part of Class A Monthly Principal during with respect to Distribution Dates with respect to the Controlled Accumulation Due Period or preceding the Expected Final Payment Date and any Early Amortization Period and applied in accordance with subsection 4.08(j4.8(i) or, if applicable, will be set aside and retained in the Collection Account and be applied as part of Class B Monthly Principal as provided in subsection 4.08(j4.8(i).

Investor Default Amount. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall set aside and retain in the Collection Account, to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date, after giving effect to subsections 4.08(a4.8(a), (b), (c), and (d), an amount equal to the aggregate Investor Default Amount for such Distribution Date which amount shall be deemed to be Principal Collections and treated as Excess Principal Collections with respect to Distribution Dates relating to the Revolving Period, and thereafter will be set aside and retained in the Collection Account and treated as a part of Class A Monthly Principal during the Controlled Accumulation Period or any Early Amortization Period and applied in accordance with subsection 4.08(j4.8(i) or, if applicable, will be set aside and retained in the Collection Account and be applied as part of Class B Monthly Principal as provided in subsection 4.08(j4.8(i).