Common use of Investor Default Amount Clause in Contracts

Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1997-1 Imputed Yield Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1997-1 Imputed Yield Collections and (y) the sum of (1) the aggregate Investor Default Amount for such Business Day plus (2) the unpaid Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) during the Revolving Period treated as Shared Principal Collections, (B) during the Amortization Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the related Distribution Date and (C) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class B Certificateholders on the related Distribution Date.

Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1997-1 Imputed Yield Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i4.6(a)(i) through (iii) of the Agreement), an amount equal to the lesser of (x) any such remaining Available Series 1997-1 Imputed Yield Collections and (y) the sum of (1) the aggregate Investor Default Amount for such Business Day plus PLUS (2) the unpaid Investor Default Amount for each any previous Business Day during such Monthly Period, such amount to be (A) during the Revolving Period treated as Shared Principal CollectionsCollections during the Revolving Period, (B) during the Amortization Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the related next Distribution Date and Date, (C) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class B Certificateholders on the related next Distribution Date, (D) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount and Class B Invested Amount has been made and on and prior to the day on which an amount equal to the Class B-2 Invested Amount is deposited in the Principal Account, deposited in the Principal Account for payment to the Class B-2 Certificateholders on the next Distribution Date, and (E) on and after such deposit to the Principal Account with respect to the Class B-2 Invested Amount has been made, paid to the Class C Certificateholders.

Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1997-1 Imputed Yield Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i4.6(a)(i) through (iii) of the Agreementiv), an amount equal to the lesser of (x) any such remaining Available Series 1997-1 Imputed Yield Collections and (y) the sum of (1) the aggregate Investor Default Amount for such Business Day plus (2) the unpaid Investor Default Amount for each any previous Business Day during such Monthly Period, such amount to be (A) during the Revolving Period treated as Shared Principal CollectionsCollections during the Revolving Period, (B) during the Amortization Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the related next Distribution Date and Date, (C) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class B Certificateholders on the related next Distribution Date, (D) on and after such deposit to the Principal Account with respect to the Class B Invested Amount has been made, paid to the Class C Certificateholders.

Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1997-1 Imputed Yield Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1997-1 Imputed Yield Collections and (y) the sum of (1) the aggregate Investor Default Amount for such Business Day plus (2) the unpaid Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) during the Revolving Period treated as Shared Principal Collections, (B) during the Amortization Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the related Distribution Date and Date, (C) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class B Certificateholders on the related Distribution Date and (D) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount and Class B Invested Amount has been made and on and prior to the day on which an amount equal to the Class C Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class C Certificateholders on the related Distribution Date.

Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19971995-1 Imputed Yield Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iii) of the Agreementiv), an amount equal to the lesser of (x) any such remaining Available Series 19971995-1 Imputed Yield Finance Charge Collections and (y) the sum of (1) the aggregate Investor Default Amount for such Business Day plus PLUS (2) the unpaid Investor Default Amount for each any previous Business Day during such Monthly Period, such amount to be (A) during the Revolving Period treated as Shared Principal CollectionsCollections during the Revolving Period, (B) during the Amortization Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the related next Distribution Date and Date, (C) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class A Invested Amount has been made and on and prior to the day on which an amount equal to the Class B Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for payment to the Class B Certificateholders on the related next Distribution Date, (D) during the Amortization Period, on and after the day on which such deposit to the Principal Account with respect to the Class B Invested Amount has been made and on and prior to the day on which an amount equal to the Class C Invested Amount is deposited in the Principal Account, deposited in the Principal Account for payment to the Class C Certificateholders on the next Distribution Date, and (E) on and after such deposit to the Principal Account with respect to the Class C Invested Amount has been made, paid to the Class D Certificateholders.