Common use of Reallocated Principal Collections for the Series Clause in Contracts

Reallocated Principal Collections for the Series. 1996-7 Certificates. ------------------- (a) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the CIA Invested Amount, equal to the product of (a)(i) during the Revolving Period, the CIA Floating Allocation Percentage or (ii) during an Amortization Period, the CIA Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated CIA Principal Collections"): -------------------------------------- (i) an amount equal to the sum of (x) the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the Class B Required Amount with respect to the related Monthly Period which amount shall be applied in priority first pursuant to subsections 4.09(a)(i) through (iii) of the Agreement and then pursuant to subsections 4.09(b)(i) and (ii) and 4.13(d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated CIA Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. (b) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the Class B Invested Amount, equal to the product of (a)(i) during the Revolving Period, the Class B Floating Allocation Percentage or (ii) during an Amortization Period, the Class B Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated Class B Principal ----------------------------- Collections"): ----------- (i) an amount equal to the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the sum of (x) the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the amount of Reallocated CIA Principal Collections applied with respect thereto for the related Monthly Period shall be applied in priority pursuant to subsection 4.09(a)(i) through (iii) of the Agreement; and

Reallocated Principal Collections for the Series. 19961997-7 1 ------------------------------------------------------- Certificates. ------------------------------- (a) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the CIA Invested Amount, equal to the product of (a)(i) during the Revolving Period, the CIA Floating Allocation Percentage or (ii) during an Amortization Period, the CIA Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated ----------- CIA Principal Collections"): --------------------------------------------------------------- (i) an amount equal to the sum of (x) the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the Class B Required Amount with respect to the related Monthly Period which amount shall be applied in priority first pursuant to subsections 4.09(a)(i) through (iii) of the Agreement and then pursuant to subsections 4.09(b)(i) and (ii) and 4.13(d4.13(c) and (d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated CIA Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. (b) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the Class B Invested Amount, equal to the product of (a)(i) during the Revolving Period, the Class B Floating Allocation Percentage or (ii) during an Amortization Period, the Class B Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated Class B Principal ----------------------------- Collections"): ----------- ----------------------------------------- (i) an amount equal to the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the sum of (x) the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the amount of Reallocated CIA Principal Collections applied with respect thereto for the related Monthly Period shall be applied in priority pursuant to subsection 4.09(a)(i) through (iii) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Class B Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. On each Distribution Date the CIA Invested Amount shall be reduced by the amount of Reallocated CIA Principal Collections and by the amount of Reallocated Class B Principal Collections for such Distribution Date. In the event that such reduction would cause the CIA Invested Amount to be a negative number, the CIA Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the CIA Invested Amount would have been reduced below zero. In the event that the reallocation of Principal Collections would cause the Class B Invested Amount to be a negative number on any Distribution Date, Principal Collections shall be reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount to be reduced to zero.

Reallocated Principal Collections for the Series. 19961997-7 2 Certificates. -------------------. (a) On each Distribution DateBusiness Day, the Servicer will apply or cause determine an amount equal to the Trustee to apply an amount, not to exceed least of (i) the CIA Class D Invested Amount, equal to (ii) the product of (a)(ix)(I) during the Revolving Period, the CIA Class D Floating Allocation Percentage or (iiII) during an Amortization Period, the CIA Class D Fixed/Floating Allocation Percentage and (by) the amount of Principal Collections of Principal Receivables with respect to the related Monthly Period in the following priority such Business Day and (such collections applied in accordance with clause (i) below are called "Reallocated CIA Principal Collections"): -------------------------------------- (iiii) an amount equal to the sum of (xa) the Class A Required Amount for such Business Day, (b) the Class B Required Amount for such Business Day and (c) the Class C Required Amount for such Business Day (such amount called "Reallocated Class D Principal Collections") and shall apply Principal Collections in an amount equal to such amount first to the components of the Class A Required Amount, then to the components of the Class B Required Amount and then to the components of the Class C Required Amount in the same priority as amounts are applied to such components from Available Series 1997-2 Finance Charge Collections pursuant to subsection 4.9(a) of the Agreement. (b) On each Business Day, the Servicer will determine an amount equal to the least of (i) the Class C Invested Amount, (ii) the product of (x)(I) during the Revolving Period, the Class C Floating Allocation Percentage or (II) during an Amortization Period, the Class C Fixed/Floating Allocation Percentage and (y) the amount of Principal Collections for such Business Day and (iii) an amount equal to the sum of (a) the excess, if any, of the Class A Required Amount with respect to for such related Monthly Period Business Day over the amount of Excess Finance Charge Reallocated Class D Principal Collections applied with respect to thereto for such related Monthly Period Business Day and (yb) the excess, if any, of the Class B Required Amount for such Business Day over the amount of Reallocated Class D Principal Collections applied with respect thereto for such Business Day (such amount called "Reallocated Class C Principal Collections") and shall apply Principal Collections in an amount equal to such amount first to the related Monthly Period which amount shall be remaining components of the Class A Required Amount and then to the remaining components of the Class B Required Amount in the same priority as amounts are applied in priority first to such components from Available Series 1997-2 Finance Charge Collections pursuant to subsections 4.09(a)(i) through (iii) of the Agreement and then pursuant to subsections 4.09(b)(i) and (ii) and 4.13(dsubsection 4.9(a) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated CIA Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. (bc) On each Distribution DateBusiness Day, the Servicer will apply or cause determine an amount equal to the Trustee to apply an amount, not to exceed least of (i) the Class B Invested Amount, equal to (ii) the product of (a)(ix)(I) during the Revolving Period, the Class B Floating Allocation Percentage or (iiII) during an Amortization Period, the Class B Fixed/Floating Allocation Percentage and (by) the amount of Principal Collections of Principal Receivables with respect to the related Monthly Period in the following priority for such Business Day and (such collections applied in accordance with clause (i) below are called "Reallocated Class B Principal ----------------------------- Collections"): ----------- (iiii) an amount equal to the excess, if any, of the Class A Required Amount with respect to for such related Monthly Period Business Day over the sum of (x) the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the amount of Reallocated CIA Class D Principal Collections and Reallocated Class C Principal Collections applied with respect thereto for such Business Day (such amount called "Reallocated Class B Principal Collections") and shall apply Principal Collections equal to such amount to the related Monthly Period shall be remaining components of the Class A Required Amount in the same priority as amounts are applied in priority to such components from Available Series 1997-2 Finance Charge Collections pursuant to subsection 4.09(a)(i) through (iii4.9(a) of the Agreement; and.

Reallocated Principal Collections for the Series. 19961997-7 9 ------------------------------------------------------- Certificates. ------------------------------- (a) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the CIA Invested Amount, equal to the product of (a)(i) during the Revolving Period, the CIA Floating Allocation Percentage or (ii) during an Amortization Period, the CIA Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated ----------- CIA Principal Collections"): --------------------------------------------------------------- (i) an amount equal to the sum of (x) the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the Class B Required Amount with respect to the related Monthly Period which amount shall be applied in priority first pursuant to subsections 4.09(a)(i) through (iii) of the Agreement and then pursuant to subsections 4.09(b)(i) and (ii) and 4.13(d4.13(c) and (d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated CIA Principal Collections) will, on Distribution Dates with respect to the Revolving PeriodPeri- od, be applied as Available Investor Principal Collections. (b) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the Class B Invested Amount, equal to the product of (a)(i) during the Revolving Period, the Class B Floating Allocation Percentage or (ii) during an Amortization Period, the Class B Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated Class B Principal ----------------------------- Collections"): ----------- ----------------------------------------- (i) an amount equal to the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the sum of (x) the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the amount of Reallocated CIA Principal Collections applied with respect thereto for the related Monthly Period shall be applied in priority pursuant to subsection 4.09(a)(i) through (iii) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Class B Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. On each Distribution Date the CIA Invested Amount shall be reduced by the amount of Reallocated CIA Principal Collections and by the amount of Reallocated Class B Principal Collections for such Distribution Date. In the event that such reduction would cause the CIA Invested Amount to be a negative number, the CIA Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the CIA Invested Amount would have been reduced below zero. In the event that the reallocation of Principal Collections would cause the Class B Invested Amount to be a negative number on any Distribution Date, Principal Collections shall be reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount to be reduced to zero.

Reallocated Principal Collections for the Series. 19961997-7 2 ------------------------------------------------------- Certificates. ------------------------------- (a) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the CIA Invested Amount, equal to the product of (a)(i) during the Revolving Period, the CIA Floating Allocation Percentage or (ii) during an Amortization Period, the CIA Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated ----------- CIA Principal Collections"): --------------------------------------------------------------- (i) an amount equal to the sum of (x) the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the Class B Required Amount with respect to the related Monthly Period which amount shall be applied in priority first pursuant to subsections 4.09(a)(i) through (iii) of the Agreement and then pursuant to subsections 4.09(b)(i) and (ii) and 4.13(d4.13(c) and (d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated CIA Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. (b) On each Distribution Date, the Servicer will apply or cause the Trustee to apply an amount, not to exceed the Class B Invested Amount, equal to the product of (a)(i) during the Revolving Period, the Class B Floating Allocation Percentage or (ii) during an Amortization Period, the Class B Fixed/Floating Allocation Percentage and (b) the amount of Collections of Principal Receivables with respect to the related Monthly Period in the following priority (such collections applied in accordance with clause (i) below are called "Reallocated Class B Principal ----------------------------- Collections"): ----------- ----------------------------------------- (i) an amount equal to the excess, if any, of the Class A Required Amount with respect to such related Monthly Period over the sum of (x) the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the amount of Reallocated CIA Principal Collections applied with respect thereto for the related Monthly Period shall be applied in priority pursuant to subsection 4.09(a)(i) through (iii) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Class B Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. On each Distribution Date the CIA Invested Amount shall be reduced by the amount of Reallocated CIA Principal Collections and by the amount of Reallocated Class B Principal Collections for such Distribution Date. In the event that such reduction would cause the CIA Invested Amount to be a negative number, the CIA Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the CIA Invested Amount would have been reduced below zero. In the event that the reallocation of Principal Collections would cause the Class B Invested Amount to be a negative number on any Distribution Date, Principal Collections shall be reallocated on such Distribution Date in an aggregate amount not to exceed the amount which would cause the Class B Invested Amount to be reduced to zero.

Reallocated Principal Collections for the Series. 19961997-7 Certificates. -------------------2 CERTIFICATES. (a) On each Distribution DateBusiness Day, the Servicer will apply or cause determine an amount equal to the Trustee to apply an amount, not to exceed least of (i) the CIA Class D Invested Amount, equal to (ii) the product of (a)(ix)(I) during the Revolving Period, the CIA Class D Floating Allocation Percentage or (iiII) during an Amortization Period, the CIA Class D Fixed/Floating Allocation Percentage and (by) the amount of Principal Collections of Principal Receivables with respect to the related Monthly Period in the following priority such Business Day and (such collections applied in accordance with clause (i) below are called "Reallocated CIA Principal Collections"): -------------------------------------- (iiii) an amount equal to the sum of (xa) the Class A Required Amount for such Business Day, (b) the Class B Required Amount for such Business Day and (c) the Class C Required Amount for such Business Day (such amount called "Reallocated Class D Principal Collections") and shall apply Principal Collections in an amount equal to such amount first to the components of the Class A Required Amount, then to the components of the Class B Required Amount and then to the components of the Class C Required Amount in the same priority as amounts are applied to such components from Available Series 1997-2 Finance Charge Collections pursuant to subsection 4.9(a) of the Agreement. (b) On each Business Day, the Servicer will determine an amount equal to the least of (i) the Class C Invested Amount, (ii) the product of (x)(I) during the Revolving Period, the Class C Floating Allocation Percentage or (II) during an Amortization Period, the Class C Fixed/Floating Allocation Percentage and (y) the amount of Principal Collections for such Business Day and (iii) an amount equal to the sum of (a) the excess, if any, of the Class A Required Amount with respect to for such related Monthly Period Business Day over the amount of Excess Finance Charge Reallocated Class D Principal Collections applied with respect to thereto for such related Monthly Period Business Day and (yb) the excess, if any, of the Class B Required Amount for such Business Day over the amount of Reallocated Class D Principal Collections applied with respect thereto for such Business Day (such amount called "Reallocated Class C Principal Collections") and shall apply Principal Collections in an amount equal to such amount first to the related Monthly Period which amount shall be remaining components of the Class A Required Amount and then to the remaining components of the Class B Required Amount in the same priority as amounts are applied in priority first to such components from Available Series 1997-2 Finance Charge Collections pursuant to subsections 4.09(a)(i) through (iii) of the Agreement and then pursuant to subsections 4.09(b)(i) and (ii) and 4.13(dsubsection 4.9(a) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated CIA Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collections. (bc) On each Distribution DateBusiness Day, the Servicer will apply or cause determine an amount equal to the Trustee to apply an amount, not to exceed least of (i) the Class B Invested Amount, equal to (ii) the product of (a)(ix)(I) during the Revolving Period, the Class B Floating Allocation Percentage or (iiII) during an Amortization Period, the Class B Fixed/Floating Allocation Percentage and (by) the amount of Principal Collections of Principal Receivables with respect to the related Monthly Period in the following priority for such Business Day and (such collections applied in accordance with clause (i) below are called "Reallocated Class B Principal ----------------------------- Collections"): ----------- (iiii) an amount equal to the excess, if any, of the Class A Required Amount with respect to for such related Monthly Period Business Day over the sum of (x) the amount of Excess Finance Charge Collections with respect to such related Monthly Period and (y) the amount of Reallocated CIA Class D Principal Collections and Reallocated Class C Principal Collections applied with respect thereto for such Business Day (such amount called "Reallocated Class B Principal Collections") and shall apply Principal Collections equal to such amount to the related Monthly Period shall be remaining components of the Class A Required Amount in the same priority as amounts are applied in priority to such components from Available Series 1997-2 Finance Charge Collections pursuant to subsection 4.09(a)(i) through (iii4.9(a) of the Agreement; and.