Common use of Minimum Seller Interest Clause in Contracts

Minimum Seller Interest. Minimum Aggregate Principal ---------------------------------------------------- Receivables and Removal of Accounts. (a) The Minimum Seller Interest ----------------------------------- applicable to the Series 1999-1 Investor Certificates on any date of determination shall be 7% of the Aggregate Principal Receivables for such date of determination. The Minimum Aggregate Principal Receivables shall be the sum of the numerators used to calculate the Investor Percentage with respect to Principal Receivables for all Series then outstanding. Upon final payment of the Series 1999-1 Investor Certificates, the Minimum Aggregate Principal Receivables shall be computed in a manner consistent with the Agreement or any future Supplement, as appropriate. (b) In addition to the requirements contained in subsections 2.7(a) and (b) of the Agreement with respect to the removal of Accounts, pursuant to subsection 2.7(b)(iii)(c) of the Agreement, the removal of any Receivables of any Removed Accounts on any Removal Date shall not, in the reasonable belief of the Transferor, result in the failure to make a deposit of a Controlled Deposit Amount or a payment of Collateral Monthly Principal.

Minimum Seller Interest. Minimum Aggregate Principal ---------------------------------------------------- Receivables and Removal of Accounts. (a) The Minimum Seller Interest ----------------------------------- applicable to the Series 19991997-1 2 Investor Certificates on any date of determination shall be 7% of the average Aggregate Principal Receivables for such date of determination. The Minimum Aggregate Principal Receivables shall -27- be the sum of the numerators used to calculate the Investor Percentage with respect to Principal Receivables for all Series then outstanding. Upon final payment of the Series 19991997-1 2 Investor Certificates, the Minimum Aggregate Principal Receivables shall be computed in a manner consistent with the Agreement or any future Supplement, as appropriate. (b) In addition to the requirements contained in subsections 2.7(a) and (b) of the Agreement with respect to the removal of Accounts, pursuant to subsection 2.7(b)(iii)(c) of the Agreement, the removal of any Receivables of any Removed Accounts on any Removal Date shall not, in the reasonable belief of the Transferor, result in the failure to make a deposit of a Controlled Deposit Amount or a payment of Collateral Monthly Principal.

Minimum Seller Interest. Minimum Aggregate Principal ---------------------------------------------------- Receivables and Removal of Accounts. (a) The Minimum Seller Interest ----------------------------------- applicable to the Series 19991998-1 Investor Certificates on any date of determination shall be 7% of the average Aggregate Principal Receivables for such date of determination. The Minimum Aggregate Principal Receivables shall be the sum of the numerators used to calculate the Investor Percentage with respect to Principal Receivables for all Series then outstanding. Upon final payment of the Series 19991998-1 Investor Certificates, the Minimum Aggregate Principal Receivables shall be computed in a manner consistent with the Agreement or any future Supplement, as appropriate. (b) In addition to the requirements contained in subsections 2.7(a) and (b) of the Agreement with respect to the removal of Accounts, pursuant to subsection 2.7(b)(iii)(c) of the Agreement, the removal of any Receivables of any Removed Accounts on any Removal Date shall not, in the reasonable belief of the Transferor, result in the failure to make a deposit of a Controlled Deposit Amount or a payment of Collateral Monthly Principal.