Common use of Paired Series Clause in Contracts

Paired Series. Subject to satisfaction of the Rating Agency Condition, and prior to the commencement of the Early Amortization Period, the Series 2000-__ Certificates may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ Certificateholders. As principal is paid with respect to the Series 2000-__ Certificates, either (i) in the case of a prefunded Paired Series, an equal amount of funds on deposit in any prefunding account for such prefunded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 of the Agreement.

Paired Series. Subject to satisfaction of the Rating Agency Condition, and prior to the commencement of the Early Amortization Period, the Series 2000-2003-__ Certificates may be paired with one or more other Series (each each, a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-2003-__ Certificateholders. As principal is paid with respect to the Series 2000-2003-__ Certificates, either (i) in the case of a prefunded pre-funded Paired Series, an equal amount of funds on deposit in any prefunding pre-funding account for such prefunded pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-2003-__ Certificates, assuming that there have been no unreimbursed chargeInvestor Charge-offs Offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-2003-__ Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection Section 6.3 of the Agreement.

Paired Series. Subject to satisfaction of the Rating Agency Condition, and prior to the commencement of the Early Amortization Period, the Series 2000-__ 1998-1 Certificates may be paired with one or more other Series (each a "Paired SeriesPAIRED SERIES"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ 1998-1 Certificateholders. As principal is paid with respect to the Series 2000-__ 1998-1 Certificates, either (i) in the case of a prefunded Paired Series, an equal amount of funds on deposit in any prefunding account for such prefunded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ 1998-1 Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ 1998-1 Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 of the Agreement.

Paired Series. Subject to satisfaction obtaining confirmation by each Rating Agency of the Rating Agency Conditionthen existing ratings of each class of Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Series 2000-__ Certificates may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ Certificateholders. As principal is paid with respect to the Series 2000-__ Certificates, either (i) in the case of a prefunded Paired Series, an equal amount of funds on deposit in any prefunding pre-funding account for such prefunded pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ Certificates, assuming that there have been no unreimbursed charge-offs chargeoffs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 6.9(b) of the Agreement.

Paired Series. Subject to satisfaction obtaining confirmation by each Rating Agency of the Rating Agency Conditionthen existing ratings of each class of Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Series 2000-__ Certificates may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding Pre-Funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ Certificateholders. As principal is paid with respect to the Series 2000-__ Certificates, either (i) in the case of a prefunded pre-funded Paired Series, an equal amount of funds on deposit in any prefunding Pre-Funding account for such prefunded pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 6.9(b) of the Agreement.

Paired Series. Subject to satisfaction obtaining confirmation by each Rating Agency of the Rating Agency Conditionthen existing ratings of each Class of Securities which is then rated (in the case of the Class A Securities, without giving effect to the Policy), and prior to the commencement of the Early Amortization Period, the Series 2000-__ Certificates 2002-3 Securities may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ Certificateholders2002-3 Securityholders. As principal is deposited in the Principal Account or the Principal Funding Account or is paid with respect to the Series 2000-__ Certificates2002-3 Securities, either (i) in the case of a prefunded pre-funded Paired Series, an equal amount of funds on deposit in any prefunding pre-funding account for such prefunded pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ Certificates2002-3 Securities, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ Certificateholders 2002-3 Securityholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 6.9(b) of the Agreement.

Paired Series. Subject to satisfaction obtaining confirmation by each Rating Agency of the Rating Agency Conditionthen existing ratings of each Class of Securities which is then rated (in the case of the Class A Securities, without giving effect to the Policy), and prior to the commencement of the Early Amortization Period, the Series 2000-__ Certificates 2002-4 Securities may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ Certificateholders2002-4 Securityholders. As principal is deposited in the Principal Account or the Principal Funding Account or is paid with respect to the Series 2000-__ Certificates2002-4 Securities, either (i) in the case of a prefunded pre-funded Paired Series, an equal amount of funds on deposit in any prefunding pre-funding account for such prefunded pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ Certificates2002-4 Securities, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ Certificateholders 2002-4 Securityholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 6.9(b) of the Agreement.

Paired Series. Subject to satisfaction of the Rating Agency Condition, and prior to the commencement of the Early Amortization Period, the Series 2000-__ 1997-1 Certificates may be paired with one or more other Series (each a "Paired SeriesPAIRED SERIES"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ 1997-1 Certificateholders. As principal is paid with respect to the Series 2000-__ 1997-1 Certificates, either (i) in the case of a prefunded Paired Series, an equal amount of funds on deposit in any prefunding account for such prefunded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ 1997-1 Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ 1997-1 Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 of the Agreement.

Paired Series. Subject to satisfaction obtaining confirmation by each Rating Agency of the Rating Agency Conditionthen existing ratings of each class of Series 2003-A Notes which is then rated, and prior to the commencement of the Early Amortization Period, the Series 2000-__ Certificates 2003-A Notes may be paired with one or more other Series (each each, a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and funded primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ Certificateholders2003-A Noteholders. As principal is paid or deposited into the Principal Funding Account with respect to the Series 2000-__ Certificates2003-A Notes, either (i) in the case of a prefunded pre-funded Paired Series, an equal amount of funds on deposit in any prefunding pre-funding account for such prefunded pre-funded Paired Series will will, if requested by the Transferor, be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may may, if requested by the Transferor, be sold by the Trust Issuer (and the proceeds thereof will will, if requested by the Transferor, be distributed to the Transferor) and, in either case, the note principal balance or invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ Certificates2003-A Notes, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate note principal balance or invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount principal amount paid to the Series 2000-__ Certificateholders 2003-A Noteholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 Section 2.11. If the Rating Agency Condition shall have been satisfied, the numerator of the AgreementFixed Allocation Percentage with respect to allocations of Collections of Principal Receivables may be changed upon the occurrence of an Early Amortization Event with respect to (and as defined in the Supplement for) a Paired Series (provided that such numerator is not less than the Invested Amount as of the last day of the Revolving Period (as defined in the Supplement for such Paired Series)).

Paired Series. Subject to satisfaction obtaining confirmation by each Rating Agency of the Rating Agency Conditionthen existing ratings of each class of Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Series 2000-__ Certificates may be paired with one or more other Series (each a "Paired Series"). Each Paired Series either will be pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ Certificateholders. As principal is paid with respect to the Series 2000-__ Certificates, either (i) in the case of a prefunded pre-funded Paired Series, an equal amount of funds on deposit in any prefunding pre-funding account for such prefunded pre-funded Paired Series will be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may be sold by the Trust (and the proceeds thereof will be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 6.9(b) of the Agreement.

Paired Series. Subject to satisfaction obtaining confirmation by ------------- each Rating Agency of the Rating Agency Conditionthen existing ratings of each class of Series 2000- 1 Certificates which is then rated, and prior to the commencement of the Early Amortization Period, the Series 2000-__ 2000-1 Certificates may be paired with one or more other Series (each each, a "Paired Series"). Each Paired Series either will be ------------- pre-funded with an initial deposit to a prefunding pre-funding account in an amount up to the initial principal balance of such Paired Series and funded primarily from the proceeds of the sale of such Paired Series or will have a variable principal amount. Any such prefunding pre-funding account will be held for the benefit of such Paired Series and not for the benefit of the Series 2000-__ 2000-1 Certificateholders. As principal is paid or deposited into the Principal Funding Account with respect to the Series 2000-__ 2000-1 Certificates, either (i) in the case of a prefunded pre- funded Paired Series, an equal amount of funds on deposit in any prefunding pre-funding account for such prefunded pre-funded Paired Series will will, if requested by the Transferor, be released (which funds will be distributed to the Transferor) or (ii) in the case of a Paired Series having a variable principal amount, an interest in such variable Paired Series in an equal or lesser amount may may, if requested by the Transferor, be sold by the Trust (and the proceeds thereof will will, if requested by the Transferor, be distributed to the Transferor) and, in either case, the invested amount in the Trust of such Paired Series will increase by up to a corresponding amount. Upon payment in full of the Series 2000-__ 2000-1 Certificates, assuming that there have been no unreimbursed charge-offs with respect to any related Paired Series, the aggregate invested amount of such related Paired Series will have been increased by an amount up to an aggregate amount equal to the Invested Amount paid to the Series 2000-__ 2000-1 Certificateholders since the issuance of such Paired Series. The issuance of a Paired Series will be subject to the conditions described in subsection 6.3 6.9(b) of the Agreement. The numerator of the Class A Fixed Allocation Percentage, the Class B Fixed Allocation Percentage, the CTO Fixed Allocation Percentage and the Class D Fixed Allocation Percentage with respect to allocations of Collections of Principal Receivables may be changed upon the occurrence of an Early Amortization Event with respect to (and as defined in the Supplement for) a Paired Series (provided that such numerator is not less than the Class A Invested Amount, the Class B Invested Amount, the CTO Invested Amount or the Class D Invested Amount, respectively, as of the last day of the Revolving Period (as defined in the Supplement for such Paired Series)).