Common use of INVESTOR INDEMNITY AMOUNT Clause in Contracts

INVESTOR INDEMNITY AMOUNT. 7.1 On or before each Transfer Date, the Receivables Trustee (or the Bank Account Operator acting on the Receivable Trustee's behalf), acting on the instructions of the Servicer, shall calculate the Aggregate Investor Indemnity Amount allocable to the De-Linked Trust Series. Such amount shall be payable solely to the extent amounts are available to the Receivable Trustee from payments made to it by Loan Note Issuer No.1 pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed as Additional Funds in accordance with Clauses 2.3 and 5(d)(iii) of the Supplement (identified as Investor Indemnity Payment Amount) provided, however, that if there are insufficient amounts available to pay such amount in full the excess will be carried forward and payable on the next and subsequent Transfer Dates solely to the extent amounts are available from amounts to be distributed pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed. 7.2 The Loan Note Issuer No.1 hereby authorises the Receivables Trustee to pay directly to the Transferor any amount falling to be distributed to the Loan Note Issuer No.1 pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed, in which case the said payment shall be treated as discharging pro tanto both: (a) any obligation of the Receivables Trustee to make a payment to the Transferor under the Trust Section 75 Indemnity; and (b) any corresponding obligation of the De-Linked Trust Series to make a corresponding payment to the Receivables Trustee in respect of the Aggregate Investor Indemnity Amount.

INVESTOR INDEMNITY AMOUNT. 7.1 (a) On or before each Transfer Date, the Receivables Trustee (or the Bank Account Operator acting on the Receivable Trustee's behalf), acting on the instructions advice of the ServicerTrust Cash Manager, shall calculate the Aggregate Investor Indemnity Amount allocable to the DeSeries 04-Linked Trust Series2. Such amount shall be payable solely to the extent amounts are available to the Receivable Trustee from payments made to it by Loan Note Issuer No.1 Excess Spread for distribution in respect thereof pursuant to Clause 23.1(l5.15(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed as Additional Funds in accordance with Clauses 2.3 and 5(d)(iii) of the Supplement (identified as Investor Indemnity Payment Amount) providedPROVIDED, howeverHOWEVER, that if there are insufficient amounts available to pay such amount in full on the relevant Transfer Date, the excess will be carried forward and payable on the next and subsequent Transfer Dates solely to the extent amounts are available from amounts to be distributed Excess Spread for distribution in respect thereof pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed5.15(l). 7.2 The Loan Note Issuer No.1 hereby authorises (b) where any amount is paid by the Receivables Trustee to pay directly to the Transferor any amount falling to be distributed to the Loan Note Issuer No.1 pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed5.15(l), in which case the said payment shall be treated as discharging pro tanto both: (ai) any obligation of the Receivables Trustee to make a payment to the Transferor under the Trust Section 75 Indemnity; and (bii) any corresponding obligation of the DeSeries 04-Linked Trust Series 2 Investor Beneficiary in respect of Class A to make a corresponding payment to the Receivables Trustee in respect of the Aggregate Investor Indemnity Amount. (c) To the extent that the Series 04-2 Investor Beneficiary makes payment to the Transferor from other sources in respect of the amount referred to in (b)(i) above, such payment shall be treated as discharging pro tanto the obligations referred to in (b)(i) and (ii) above and the amount referred to in Clause 5.15(l) shall be distributed to the Series 04-2 Investor Beneficiary in respect of Class A by deposit of such amount in the Series 04-2 Distribution Account as identified for the Series 04-2 Investor Beneficiary in respect of Class A whereupon such amount shall cease to be Trust Property and shall be owned by the Series 04-2 Investor Beneficiary absolutely.

INVESTOR INDEMNITY AMOUNT. 7.1 (a) On or before each Transfer Date, the Receivables Trustee (or the Bank Account Operator acting on the Receivable Trustee's behalf), acting on the instructions advice of the ServicerTrust Cash Manager, shall calculate the Aggregate Investor Indemnity Amount allocable to the DeSeries 03-Linked Trust Series2. Such amount shall be payable solely to the extent amounts are available to the Receivable Trustee from payments made to it by Loan Note Issuer No.1 Excess Spread for distribution in respect thereof pursuant to Clause 23.1(l5.15(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed as Additional Funds in accordance with Clauses 2.3 and 5(d)(iii) of the Supplement (identified as Investor Indemnity Payment Amount) providedPROVIDED, howeverHOWEVER, that if there are insufficient amounts available to pay such amount in full on the relevant Transfer Date, the excess will be carried forward and payable on the next and subsequent Transfer Dates solely to the extent amounts are available from amounts to be distributed Excess Spread for distribution in respect thereof pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed5.15(l). 7.2 The Loan Note Issuer No.1 hereby authorises (b) where any amount is paid by the Receivables Trustee to pay directly to the Transferor any amount falling to be distributed to the Loan Note Issuer No.1 pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed5.15(l), in which case the said payment shall be treated as discharging pro tanto both: (ai) any obligation of the Receivables Trustee to make a payment to the Transferor under the Trust Section 75 Indemnity; and (bii) any corresponding obligation of the DeSeries 03-Linked Trust Series 2 Investor Beneficiary in respect of Class A to make a corresponding payment to the Receivables Trustee in respect of the Aggregate Investor Indemnity Amount. (c) To the extent that the Series 03-2 Investor Beneficiary makes payment to the Transferor from other sources in respect of the amount referred to in (b)(i) above, such payment shall be treated as discharging pro tanto the obligations referred to in (b)(i) and (ii) above and the amount referred to in Clause 5.15(l) shall be distributed to the Series 03-2 Investor Beneficiary in respect of Class A by deposit of such amount in the Series 03-2 Distribution Account as identified for the Series 03-2 Investor Beneficiary in respect of Class A whereupon such amount shall cease to be Trust Property and shall be owned by the Series 03-2 Investor Beneficiary absolutely.

INVESTOR INDEMNITY AMOUNT. 7.1 (a) On or before each Transfer Date, the Receivables Trustee (or the Bank Account Operator acting on the Receivable Trustee's behalf), acting on the instructions advice of the ServicerTrust Cash Manager, shall calculate the Aggregate Investor Indemnity Amount allocable to the DeSeries 02-Linked Trust Series1. Such amount shall be payable solely to the extent amounts are available to the Receivable Trustee from payments made to it by Loan Note Issuer No.1 Excess Spread for distribution in respect thereof pursuant to Clause 23.1(l5.15(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed as Additional Funds in accordance with Clauses 2.3 and 5(d)(iii) of the Supplement (identified as Investor Indemnity Payment Amount) providedPROVIDED, howeverHOWEVER, that if there are insufficient amounts available to pay such amount in full on the relevant Transfer Date, the excess will be carried forward and payable on the next and subsequent Transfer Dates solely to the extent amounts are available from amounts to be distributed Excess Spread for distribution in respect thereof pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed5.15(l). 7.2 The Loan Note Issuer No.1 hereby authorises (b) where any amount is paid by the Receivables Trustee to pay directly to the Transferor any amount falling to be distributed to the Loan Note Issuer No.1 pursuant to Clause 23.1(l) (Payments of Amounts Representing Finance Charge Collections) of the Security Trust Deed5.15(l), in which case the said payment shall be treated as discharging pro tanto PRO TANTO both: (ai) any obligation of the Receivables Trustee to make a payment to the Transferor under the Trust Section 75 Indemnity; and (bii) any corresponding obligation of the DeSeries 02-Linked Trust Series 1 Investor Beneficiary in respect of Class A to make a corresponding payment to the Receivables Trustee in respect of the Aggregate Investor Indemnity Amount. (c) To the extent that the Series 02-1 Investor Beneficiary makes payment to the Transferor from other sources in respect of the amount referred to in (b)(i) above, such payment shall be treated as discharging pro tanto the obligations referred to in (b)(i) and (ii) above and the amount referred to in Clause 5.15(l) shall be distributed to the Series 02-1 Investor Beneficiary in respect of Class A by deposit of such amount in the Series 02-1 Distribution Account as identified for the Series 02-1 Investor Beneficiary in respect of Class A whereupon such amount shall cease to be Trust Property and shall be owned by the Series 02-1 Investor Beneficiary absolutely.