Common use of Reallocated Investor Finance Charge Collections Clause in Contracts

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 Monthly Interest, Investor Default Amount, Series 2018-1 Monthly Fees and Series 2018-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 2018-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

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Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182024-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182024-1 2 Monthly Interest, Investor Default Amount, Series 20182024-1 2 Monthly Fees and Series 20182024-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182024-1 2 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182024-1 2 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182024-1 2 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182024-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182024-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 6 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 6 Monthly Interest, Investor Default Amount, Series 2018-1 6 Monthly Fees and Series 2018-1 6 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 6 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 6 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 6 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 6 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 2018-1 6 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182017-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182017-1 2 Monthly Interest, Investor Default Amount, Series 20182017-1 2 Monthly Fees and Series 20182017-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182017-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182017-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182017-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182017-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182017-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182017-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182017-1 Monthly Interest, Investor Default Amount, Series 20182017-1 Monthly Fees and Series 20182017-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182017-1 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182017-1 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182017-1 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182017-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182017-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 4 Monthly Interest, Investor Default Amount, Series 2018-1 4 Monthly Fees and Series 2018-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 4 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 4 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 4 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 2018-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182017-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182017-1 3 Monthly Interest, Investor Default Amount, Series 20182017-1 3 Monthly Fees and Series 20182017-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182017-1 3 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182017-1 3 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182017-1 3 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182017-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182017-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 7 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 7 Monthly Interest, Investor Default Amount, Series 2018-1 7 Monthly Fees and Series 2018-1 7 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 7 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 7 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 7 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 7 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 2018-1 7 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 2 Monthly Interest, Investor Default Amount, Series 2018-1 2 Monthly Fees and Series 2018-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 2 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 2 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 2 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 2018-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182017-1 7 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182017-1 7 Monthly Interest, Investor Default Amount, Series 20182017-1 7 Monthly Fees and Series 20182017-1 7 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182017-1 7 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182017-1 7 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182017-1 7 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182017-1 7 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182017-1 7 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 8 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 8 Monthly Interest, Investor Default Amount, Series 2018-1 8 Monthly Fees and Series 2018-1 8 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 8 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 8 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 8 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 8 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 2018-1 8 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182017-1 8 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182017-1 8 Monthly Interest, Investor Default Amount, Series 20182017-1 8 Monthly Fees and Series 20182017-1 8 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182017-1 8 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182017-1 8 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182017-1 8 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182017-1 8 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182017-1 8 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182019-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182019-1 4 Monthly Interest, Investor Default Amount, Series 20182019-1 4 Monthly Fees and Series 20182019-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182019-1 4 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182019-1 4 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182019-1 4 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182019-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182019-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182022-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182022-1 2 Monthly Interest, Investor Default Amount, Series 20182022-1 2 Monthly Fees and Series 20182022-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182022-1 2 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182022-1 2 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182022-1 2 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182022-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182022-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182023-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182023-1 3 Monthly Interest, Investor Default Amount, Series 20182023-1 3 Monthly Fees and Series 20182023-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182023-1 3 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182023-1 3 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182023-1 3 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182023-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182023-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182019-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182019-1 3 Monthly Interest, Investor Default Amount, Series 20182019-1 3 Monthly Fees and Series 20182019-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182019-1 3 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182019-1 3 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182019-1 3 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182019-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182019-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I [I][II] Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 20[__]-[_] and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 20[__]-[_] Monthly Interest, Investor Default Amount, Series 2018-1 20[__]-[_] Monthly Fees and Series 2018-1 20[__]-[_] Additional Amounts for such Distribution Date and (ii) that portion of excess Group I [I][II] Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I [I][II] Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I [I][II] Investor Monthly Interest, (x) Group I [I][II] Investor Default Amount, (y) Group I [I][II] Investor Monthly Fees and (z) Group I [I][II] Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I [I][II] Investor Finance Charge Collections (up to the amount of Group I [I][II] Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 20[__]-[_] Monthly Interest and the denominator of which is Group I [I][II] Investor Monthly Interest; (B) the product of (I) Group I [I][II] Investor Finance Charge Collections less the amount of Group I [I][II] Investor Monthly Interest (up to the Group I [I][II] Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I [I][II] Investor Default Amount; (C) the product of (I) Group I [I][II] Investor Finance Charge Collections less the amount of Group I [I][II] Investor Monthly Interest and the Group I [I][II] Investor Default Amount (up to Group I [I][II] Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 20[__]-[_] Monthly Fees and the denominator of which is Group I [I][II] Investor Monthly Fees; and (D) the product of (I) Group I [I][II] Investor Finance Charge Collections less the sum of (i) Group I [I][II] Investor Monthly Interest, (ii) the Group I [I][II] Investor Default Amount and (iii) Group I [I][II] Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 20[__]-[_] Additional Amounts and the denominator of which is Group I [I][II] Investor Additional Amounts. (c) If the amount of Group I [I][II] Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I [I][II] Investor Monthly Interest, (ii) Group I [I][II] Investor Default Amount, (iii) Group I [I][II] Investor Monthly Fees and (iv) Group I [I][II] Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 20[__]-[_] only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I [I][II] as of such last day (or, for Series 2018-1 20[__]-[_] only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182024-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182024-1 Monthly Interest, Investor Default Amount, Series 20182024-1 Monthly Fees and Series 20182024-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182024-1 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182024-1 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182024-1 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182024-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182024-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182017-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182017-1 4 Monthly Interest, Investor Default Amount, Series 20182017-1 4 Monthly Fees and Series 20182017-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182017-1 4 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182017-1 4 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182017-1 4 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182017-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182017-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 3 Monthly Interest, Investor Default Amount, Series 2018-1 3 Monthly Fees and Series 2018-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 3 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 3 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 3 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 2018-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 9 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 9 Monthly Interest, Investor Default Amount, Series 2018-1 9 Monthly Fees and Series 2018-1 9 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 9 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 9 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 9 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 9 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 2018-1 9 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182023-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182023-1 4 Monthly Interest, Investor Default Amount, Series 20182023-1 4 Monthly Fees and Series 20182023-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182023-1 4 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182023-1 4 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182023-1 4 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182023-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182023-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182022-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182022-1 3 Monthly Interest, Investor Default Amount, Series 20182022-1 3 Monthly Fees and Series 20182022-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182022-1 3 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182022-1 3 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182022-1 3 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182022-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182022-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182019-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182019-1 Monthly Interest, Investor Default Amount, Series 20182019-1 Monthly Fees and Series 20182019-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182019-1 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182019-1 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182019-1 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182019-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182019-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182021-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182021-1 Monthly Interest, Investor Default Amount, Series 20182021-1 Monthly Fees and Series 20182021-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182021-1 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182021-1 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182021-1 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182021-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182021-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182022-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182022-1 4 Monthly Interest, Investor Default Amount, Series 20182022-1 4 Monthly Fees and Series 20182022-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182022-1 4 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182022-1 4 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182022-1 4 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182022-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182022-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182024-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182024-1 3 Monthly Interest, Investor Default Amount, Series 20182024-1 3 Monthly Fees and Series 20182024-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182024-1 3 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182024-1 3 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182024-1 3 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182024-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182024-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182017-1 6 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182017-1 6 Monthly Interest, Investor Default Amount, Series 20182017-1 6 Monthly Fees and Series 20182017-1 6 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182017-1 6 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182017-1 6 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182017-1 6 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182017-1 6 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182017-1 6 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 5 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 5 Monthly Interest, Investor Default Amount, Series 2018-1 5 Monthly Fees and Series 2018-1 5 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 5 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 5 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 5 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 5 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 2018-1 5 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182014-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182014-1 2 Monthly Interest, Investor Default Amount, Series 20182014-1 2 Monthly Fees and Series 20182014-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182014-1 2 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182014-1 2 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182014-1 2 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182014-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182014-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018-1 20[__]-[__] and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018-1 20[__]-[__] Monthly Interest, Investor Default Amount, Series 2018-1 20[__]-[__] Monthly Fees and Series 2018-1 20[__]-[__] Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018-1 20[__]-[__] Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018-1 20[__]-[__] Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018-1 20[__]-[__] Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018-1 20[__]-[__] only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 2018-1 20[__]-[__] only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 2 Monthly Interest, Investor Default Amount, Series 20182007-1 2 Monthly Fees and Series 20182007-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182009-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182009-1 Monthly Interest, Investor Default Amount, Series 20182009-1 Monthly Fees and Series 20182009-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182009-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182009-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182009-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182009-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182009-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182005-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182005-1 Monthly Interest, Investor Default Amount, Series 20182005-1 Monthly Fees and Series 20182005-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182005-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182005-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182005-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182005-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182005-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182006-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182006-1 3 Monthly Interest, Investor Default Amount, Series 20182006-1 3 Monthly Fees and Series 20182006-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182006-1 3 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182006-1 3 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182006-1 3 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182006-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182006-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182023-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182023-1 Monthly Interest, Investor Default Amount, Series 20182023-1 Monthly Fees and Series 20182023-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182023-1 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182023-1 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182023-1 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182023-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182023-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 7 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 7 Monthly Interest, Investor Default Amount, Series 20182008-1 7 Monthly Fees and Series 20182008-1 7 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 7 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 7 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 7 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 7 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 7 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement Supplement (American Express Credit Account Master Trust)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 3 Monthly Interest, Investor Default Amount, Series 20182007-1 3 Monthly Fees and Series 20182007-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 3 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 3 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 3 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182004-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182004-1 4 Monthly Interest, Investor Default Amount, Series 20182004-1 4 Monthly Fees and Series 20182004-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182004-1 4 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182004-1 4 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182004-1 4 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182004-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182004-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182004-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182004-1 2 Monthly Interest, Investor Default Amount, Series 20182004-1 2 Monthly Fees and Series 20182004-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182004-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182004-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182004-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182004-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182004-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182004-1 5 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182004-1 5 Monthly Interest, Investor Default Amount, Series 20182004-1 5 Monthly Fees and Series 20182004-1 5 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182004-1 5 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182004-1 5 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182004-1 5 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182004-1 5 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182004-1 5 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182006-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182006-1 2 Monthly Interest, Investor Default Amount, Series 20182006-1 2 Monthly Fees and Series 20182006-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182006-1 2 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182006-1 2 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182006-1 2 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182006-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182006-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182023-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182023-1 2 Monthly Interest, Investor Default Amount, Series 20182023-1 2 Monthly Fees and Series 20182023-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182023-1 2 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182023-1 2 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182023-1 2 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182023-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182023-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182010-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182010-1 Monthly Interest, Investor Default Amount, Series 20182010-1 Monthly Fees and Series 20182010-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182010-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182010-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182010-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182010-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182010-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 4 Monthly Interest, Investor Default Amount, Series 20182008-1 4 Monthly Fees and Series 20182008-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 4 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 4 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 4 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 2 Monthly Interest, Investor Default Amount, Series 20182008-1 2 Monthly Fees and Series 20182008-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 5 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 5 Monthly Interest, Investor Default Amount, Series 20182008-1 5 Monthly Fees and Series 20182008-1 5 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 5 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 5 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 5 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 5 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 5 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182012-1 5 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182012-1 5 Monthly Interest, Investor Default Amount, Series 20182012-1 5 Monthly Fees and Series 20182012-1 5 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182012-1 5 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182012-1 5 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182012-1 5 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182012-1 5 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182012-1 5 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182022-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182022-1 Monthly Interest, Investor Default Amount, Series 20182022-1 Monthly Fees and Series 20182022-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182022-1 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182022-1 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182022-1 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182022-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182022-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

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Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 6 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 6 Monthly Interest, Investor Default Amount, Series 20182007-1 6 Monthly Fees and Series 20182007-1 6 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 6 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 6 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 6 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 6 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 6 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182015-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182015-1 Monthly Interest, Investor Default Amount, Series 20182015-1 Monthly Fees and Series 20182015-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182015-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182015-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182015-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182015-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182015-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182012-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182012-1 4 Monthly Interest, Investor Default Amount, Series 20182012-1 4 Monthly Fees and Series 20182012-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182012-1 4 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182012-1 4 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182012-1 4 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182012-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182012-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 5 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 5 Monthly Interest, Investor Default Amount, Series 20182007-1 5 Monthly Fees and Series 20182007-1 5 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 5 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 5 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 5 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 5 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 5 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182005-1 8 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182005-1 8 Monthly Interest, Investor Default Amount, Series 20182005-1 8 Monthly Fees and Series 20182005-1 8 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182005-1 8 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182005-1 8 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182005-1 8 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182005-1 8 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182005-1 8 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 6 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 6 Monthly Interest, Investor Default Amount, Series 20182008-1 6 Monthly Fees and Series 20182008-1 6 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 6 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 6 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 6 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 6 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 6 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182006-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182006-1 Monthly Interest, Investor Default Amount, Series 20182006-1 Monthly Fees and Series 20182006-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182006-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182006-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182006-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182006-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182006-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182009-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182009-1 2 Monthly Interest, Investor Default Amount, Series 20182009-1 2 Monthly Fees and Series 20182009-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182009-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182009-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182009-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182009-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182009-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182013-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182013-1 Monthly Interest, Investor Default Amount, Series 20182013-1 Monthly Fees and Series 20182013-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182013-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182013-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182013-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182013-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182013-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182014-1 5 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182014-1 5 Monthly Interest, Investor Default Amount, Series 20182014-1 5 Monthly Fees and Series 20182014-1 5 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182014-1 5 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182014-1 5 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182014-1 5 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182014-1 5 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182014-1 5 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 8 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 8 Monthly Interest, Investor Default Amount, Series 20182008-1 8 Monthly Fees and Series 20182008-1 8 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 8 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 8 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 8 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 8 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 8 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182004-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182004-1 Monthly Interest, Investor Default Amount, Series 20182004-1 Monthly Fees and Series 20182004-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182004-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182004-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182004-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182004-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182004-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182014-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182014-1 4 Monthly Interest, Investor Default Amount, Series 20182014-1 4 Monthly Fees and Series 20182014-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182014-1 4 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182014-1 4 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182014-1 4 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182014-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182014-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182013-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182013-1 2 Monthly Interest, Investor Default Amount, Series 20182013-1 2 Monthly Fees and Series 20182013-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182013-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182013-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182013-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182013-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182013-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182005-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182005-1 2 Monthly Interest, Investor Default Amount, Series 20182005-1 2 Monthly Fees and Series 20182005-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182005-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182005-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182005-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182005-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182005-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I [I/II] Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 2018201[ ]-1 [ ] and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 2018201[ ]-1 [ ] Monthly Interest, Investor Default Amount, Series 2018201[ ]-1 [ ] Monthly Fees and Series 2018201[ ]-1 [ ] Additional Amounts for such Distribution Date and (ii) that portion of excess Group I [I/II] Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I [I/II] Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I [I/II] Investor Monthly Interest, (x) Group I [I/II] Investor Default Amount, (y) Group I [I/II] Investor Monthly Fees and (z) Group I [I/II] Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I [I/II] Investor Finance Charge Collections (up to the amount of Group I [I/II] Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 2018201[ ]-1 [ ] Monthly Interest and the denominator of which is Group I [I/II] Investor Monthly Interest; (B) the product of (I) Group I [I/II] Investor Finance Charge Collections less the amount of Group I [I/II] Investor Monthly Interest (up to the Group I [I/II] Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I [I/II] Investor Default Amount; (C) the product of (I) Group I [I/II] Investor Finance Charge Collections less the amount of Group I [I/II] Investor Monthly Interest and the Group I [I/II] Investor Default Amount (up to Group I [I/II] Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 2018201[ ]-1 [ ] Monthly Fees and the denominator of which is Group I [I/II] Investor Monthly Fees; and (D) the product of (I) Group I [I/II] Investor Finance Charge Collections less the sum of (i) Group I [I/II] Investor Monthly Interest, (ii) the Group I [I/II] Investor Default Amount and (iii) Group I [I/II] Investor Monthly Fees and (II) a fraction, the numerator of which is Series 2018201[ ]-1 [ ] Additional Amounts and the denominator of which is Group I [I/II] Investor Additional Amounts. (c) If the amount of Group I [I/II] Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I [I/II] Investor Monthly Interest, (ii) Group I [I/II] Investor Default Amount, (iii) Group I [I/II] Investor Monthly Fees and (iv) Group I [I/II] Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 2018201[ ]-1 [ ] only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I [I/II] as of such last day (or, for Series 2018201[ ]-1 [ ] only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 3 Monthly Interest, Investor Default Amount, Series 20182008-1 3 Monthly Fees and Series 20182008-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 3 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 3 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 3 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182011-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182011-1 2 Monthly Interest, Investor Default Amount, Series 20182011-1 2 Monthly Fees and Series 20182011-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182011-1 2 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182011-1 2 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182011-1 2 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182011-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182011-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 9 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 9 Monthly Interest, Investor Default Amount, Series 20182008-1 9 Monthly Fees and Series 20182008-1 9 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 9 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 9 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 9 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 9 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 9 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 Monthly Interest, Investor Default Amount, Series 20182007-1 Monthly Fees and Series 20182007-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182012-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182012-1 3 Monthly Interest, Investor Default Amount, Series 20182012-1 3 Monthly Fees and Series 20182012-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182012-1 3 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182012-1 3 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182012-1 3 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182012-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182012-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182011-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182011-1 Monthly Interest, Investor Default Amount, Series 20182011-1 Monthly Fees and Series 20182011-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182011-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182011-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182011-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182011-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182011-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 4 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 4 Monthly Interest, Investor Default Amount, Series 20182007-1 4 Monthly Fees and Series 20182007-1 4 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 4 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 4 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 4 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 4 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 4 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 7 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 7 Monthly Interest, Investor Default Amount, Series 20182007-1 7 Monthly Fees and Series 20182007-1 7 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 7 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 7 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 7 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 7 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 7 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182007-1 8 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182007-1 8 Monthly Interest, Investor Default Amount, Series 20182007-1 8 Monthly Fees and Series 20182007-1 8 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182007-1 8 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182007-1 8 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182007-1 8 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182007-1 8 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182007-1 8 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182013-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182013-1 3 Monthly Interest, Investor Default Amount, Series 20182013-1 3 Monthly Fees and Series 20182013-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182013-1 3 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182013-1 3 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182013-1 3 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182013-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182013-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182014-1 3 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182014-1 3 Monthly Interest, Investor Default Amount, Series 20182014-1 3 Monthly Fees and Series 20182014-1 3 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182014-1 3 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182014-1 3 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182014-1 3 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182014-1 3 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182014-1 3 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182014-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182014-1 Monthly Interest, Investor Default Amount, Series 20182014-1 Monthly Fees and Series 20182014-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182014-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182014-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182014-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182014-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182014-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182012-1 2 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182012-1 2 Monthly Interest, Investor Default Amount, Series 20182012-1 2 Monthly Fees and Series 20182012-1 2 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I Investor Monthly Interest, (x) Group I Investor Default Amount, (y) Group I Investor Monthly Fees and (z) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I Investor Finance Charge Collections (up to the amount of Group I Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182012-1 2 Monthly Interest and the denominator of which is Group I Investor Monthly Interest; (B) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest (up to the Group I Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I Investor Default Amount; (C) the product of (I) Group I Investor Finance Charge Collections less the amount of Group I Investor Monthly Interest and the Group I Investor Default Amount (up to Group I Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182012-1 2 Monthly Fees and the denominator of which is Group I Investor Monthly Fees; and (D) the product of (I) Group I Investor Finance Charge Collections less the sum of (i) Group I Investor Monthly Interest, (ii) the Group I Investor Default Amount and (iii) Group I Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182012-1 2 Additional Amounts and the denominator of which is Group I Investor Additional Amounts. (c) If the amount of Group I Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I Investor Monthly Interest, (ii) Group I Investor Default Amount, (iii) Group I Investor Monthly Fees and (iv) Group I Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182012-1 2 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I as of such last day (or, for Series 20182012-1 2 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182008-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182008-1 Monthly Interest, Investor Default Amount, Series 20182008-1 Monthly Fees and Series 20182008-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182008-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182008-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182008-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182008-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182008-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reallocated Investor Finance Charge Collections. (a) That portion of Group I II Investor Finance Charge Collections for any Distribution Date equal to the amount of Reallocated Investor Finance Charge Collections for such Distribution Date will be allocated to Series 20182012-1 and will be distributed as set forth in this Supplement. (b) Reallocated Investor Finance Charge Collections with respect to any Distribution Date shall equal the sum of (i) the aggregate amount of Series 20182012-1 Monthly Interest, Investor Default Amount, Series 20182012-1 Monthly Fees and Series 20182012-1 Additional Amounts for such Distribution Date and (ii) that portion of excess Group I II Investor Finance Charge Collections to be included in Reallocated Investor Finance Charge Collections pursuant to subsection (c) hereof; provided, however, that if the amount of Group I II Investor Finance Charge Collections for such Distribution Date is less than the sum of (w) Group I II Investor Monthly Interest, (x) Group I II Investor Default Amount, (y) Group I II Investor Monthly Fees and (z) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections shall equal the sum of the following amounts for such Distribution Date: (A) The product of (I) Group I II Investor Finance Charge Collections (up to the amount of Group I II Investor Monthly Interest) and (II) a fraction, the numerator of which is Series 20182012-1 Monthly Interest and the denominator of which is Group I II Investor Monthly Interest; (B) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest (up to the Group I II Investor Default Amount) and (II) a fraction, the numerator of which is the Investor Default Amount and the denominator of which is the Group I II Investor Default Amount; (C) the product of (I) Group I II Investor Finance Charge Collections less the amount of Group I II Investor Monthly Interest and the Group I II Investor Default Amount (up to Group I II Investor Monthly Fees) and (II) a fraction, the numerator of which is Series 20182012-1 Monthly Fees and the denominator of which is Group I II Investor Monthly Fees; and (D) the product of (I) Group I II Investor Finance Charge Collections less the sum of (i) Group I II Investor Monthly Interest, (ii) the Group I II Investor Default Amount and (iii) Group I II Investor Monthly Fees and (II) a fraction, the numerator of which is Series 20182012-1 Additional Amounts and the denominator of which is Group I II Investor Additional Amounts. (c) If the amount of Group I II Investor Finance Charge Collections for such Distribution Date exceeds the sum of (i) Group I II Investor Monthly Interest, (ii) Group I II Investor Default Amount, (iii) Group I II Investor Monthly Fees and (iv) Group I II Investor Additional Amounts, then Reallocated Investor Finance Charge Collections for such Distribution Date shall include an amount equal to the product of (x) the amount of such excess and (y) a fraction, the numerator of which is the Invested Amount as of the last day of the second preceding Monthly Period (or, for Series 20182012-1 only, with respect to the first Distribution Date, as of the Closing Date) and the denominator of which is the sum of such Invested Amount and the aggregate invested amounts for all other Series included in Group I II as of such last day (or, for Series 20182012-1 only, with respect to the first Distribution Date, as of the Closing Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

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