Common use of PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER Clause in Contracts

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, Supplement shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(329(b)(26) of the Series Supplement, Supplement shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank on behalf of the Holder of the Seller Certificate.Provider

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank on behalf of the Holder of the Seller Certificate.Provider

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to (i) the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, less (ii) the amount, if any, paid to the Credit Enhancement Provider pursuant to Section 5(a) hereof, shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) If, as of any Distribution Date, and after any payment to the Credit Enhancement Provider pursuant to Section 5(b) has been made, the amount remaining on deposit in the Credit Enhancement Account exceeds the Total Maximum Credit Enhancement Amount, the amount of such excess shall be withdrawn from the Credit Enhancement Account and paid to Greenwood on behalf of the Holder of the Seller Certificate. (d) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b5(c) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution DateDate prior to the second Distribution Date after the occurrence of an Economic Early Amortization Event, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a4(a)(i). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32or (9)(c)(34) of the Series Supplement, as applicable, shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) If, on the first Distribution Date after the occurrence of an Economic Early Amortization Event, and after any payment to the Credit Enhancement Provider pursuant to Section 5(c) has been made, any amounts remain on deposit in the Credit Enhancement Account, such amounts shall be withdrawn from such account and shall be paid to Greenwood on behalf of the Holder of the Seller Certificate. (d) On each Distribution Date, beginning with the second Distribution Date after the occurrence of an Economic Early Amortization Event, any amounts paid by the Trust pursuant to the provisions of the Series Supplement in respect of the CCA Investor Interest that are not paid to the Credit Enhancement Provider pursuant to Section 5(d) hereof shall be paid to Greenwood on behalf of the Holder of the Seller Certificate. (e) In the absence of the occurrence of an Economic Early Amortization Event, on the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b5(e) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (f) On each Distribution Date, beginning with the second Distribution Date after the occurrence of an Economic Early Amortization Event, an amount equal to the lesser of the amount of accrued but unpaid CCA Servicing Fees and the amount paid by the Trust in respect of the CCA Required Amount on such Distribution Date shall be paid to the Master Servicer.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to (i) the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(329(b)(26) of the Series Supplement, less (ii) the amount, if any, paid to the Credit Enhancement Provider pursuant to Section 5(a) hereof, shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) If, as of any Distribution Date, and after any payment to the Credit Enhancement Provider pursuant to Section 5(b) has been made, the amount remaining on deposit in the Credit Enhancement Account exceeds the Total Maximum Credit Enhancement Amount, the amount of such excess shall be withdrawn from the Credit Enhancement Account and paid to Greenwood on behalf of the Holder of the Seller Certificate. (d) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b5(c) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider 7 pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (aj) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (bk) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank on behalf of the Holder of the Seller Certificate. (cl) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution DateDate prior to the Second Distribution Date after the occurrence of an Economic Early Amortization Event, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a4(a)(i). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32or 9(c)(34) of the Series Supplement, as applicable, shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) If, on the first Distribution Date after the occurrence of an Economic Early Amortization Event, and after any payment to the Credit Enhancement Provider pursuant to Section 5(c) has been made, any amounts remain on deposit in the Credit Enhancement Account, such amounts shall be withdrawn from such account and shall be paid to Greenwood on behalf of the Holder of the Seller Certificate. (d) On each Distribution Date, beginning with the second Distribution Date after the occurrence of an Economic Early Amortization Event, any amounts paid by the Trust pursuant to the provisions of the Series Supplement in respect of the CCA Investor Interest that are not paid to the Credit Enhancement Provider pursuant to Section 5(d) hereof shall be paid to Greenwood on behalf of the Holder of the Seller Certificate. (e) In the absence of the occurrence of an Economic Early Amortization Event, on the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b5(e) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (f) On each Distribution Date, beginning with the second Distribution Date after the occurrence of an Economic Early Amortization Event, an amount equal to the lesser of the amount of the accrued but unpaid CCA Servicing Fees and the amount paid by the Trust in respect of the CCA Required Amount on such Distribution Date shall be paid to the Master Servicer.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(32) of the Series Supplement, shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider 4 7 pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate.

PAYMENTS TO THE HOLDER OF THE SELLER CERTIFICATE AND THE MASTER SERVICER. (a) On each Distribution Date, the Trustee as administrator of the Credit Enhancement shall pay or cause to be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate (i) the interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on an amount equal to the positive difference, if any, between (x) the amount on deposit in the Credit Enhancement Account and (y) the Provider Amount and (ii) the positive difference, if any, between (x) the amount of interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on the Provider Amount and (y) the amount paid to the Credit Enhancement Provider on such Distribution Date pursuant to Section 4(a). (b) On each Distribution Date, an amount equal to the amount, if any, paid to the Trustee as administrator of the Credit Enhancement pursuant to Section 9(b)(27) and 9(b)(329(b)(26) of the Series Supplement, Supplement shall be paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (c) On the earlier to occur of (i) the Series Termination Date and (ii) the day on which the Class Invested Amount with respect to each Class of the Series is paid in full, and after payment of of-any amounts to be paid on such day from the Credit Enhancement Account to or for the benefit of the Investor Certificateholders of the Series, any amounts remaining on deposit in the Credit Enhancement Account that are not paid to the Credit Enhancement Provider pursuant to Section 5(b) hereof shall be withdrawn from such account and paid to Discover Bank Greenwood on behalf of the Holder of the Seller Certificate.