Common use of Reallocated Principal Collections Clause in Contracts

Reallocated Principal Collections. On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw from the Principal Account and apply Reallocated Principal Collections (applying all Reallocated Collateral Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any Reallocated Class B Principal Collections in accordance with subsection 4.12 (a) for any amounts still owing after the application of Reallocated Collateral Principal Collections) with respect to such Transfer Date, to make the following distributions on each Transfer Date in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread with respect to the related Monthly Period, shall be applied pursuant to subsections 4.09(a)(i), (ii), (iii) and (iv); and (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread allocated and available to the Class B Certificates pursuant to subsection 4.11(c) on such Transfer Date shall be applied first pursuant to subsections 4.09(b)(i) and (ii) and then pursuant to subsection 4.11(c).

Reallocated Principal Collections. On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw from the Principal Account and apply Reallocated Principal Collections (applying all Reallocated Collateral Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any Reallocated Class B Principal Collections in accordance with subsection 4.12 (a) for any amounts still owing after the application of Reallocated Collateral Principal Collections) with respect to such Transfer Date, to make the following distributions on each Transfer Date in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread with respect to the related Monthly Period, shall be applied pursuant to subsections 4.09(a)(i), (ii), (iii) and (iviii); and (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread allocated and available to the Class B Certificates pursuant to subsection 4.11(c) on such Transfer Date shall be applied first pursuant to subsections 4.09(b)(i) and (ii) and then pursuant to subsection 4.11(c).

Reallocated Principal Collections. On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw from the Principal Collection Account and apply Reallocated Principal Collections (applying all Reallocated Collateral Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any Reallocated Class B Principal Collections in accordance with subsection 4.12 (a) for any amounts still owing after the application of Reallocated Collateral Principal Collections) with respect to such Transfer Date, to make the following distributions on each Transfer Date in the following priority: : (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread and Shared Excess Yield Collections with respect to the related Monthly Collection Period, shall be applied used to fund any deficiency pursuant to subsections 4.09(a)(i4.9(a)(i), (ii), (iii) and (iviii), in that order of priority; and and (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread and Shared Excess Yield Collections allocated and available to the Class B Certificates pursuant to subsection 4.11(c) on such Transfer Date shall be applied first used to fund any deficiency pursuant to subsections 4.09(b)(i4.9(b)(i) and (ii) and then pursuant to subsection 4.11(c), in that order of priority.

Reallocated Principal Collections. On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw from the Principal Account and apply Reallocated Principal Collections (applying all Reallocated Collateral Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any Reallocated Class B Principal Collections in accordance with subsection 4.12 (a) for any amounts still owing after the application of Reallocated Collateral Principal Collections) with respect to such Transfer Date, to make the following distributions on each Transfer Date in the following priority: (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread with respect to the related Monthly PeriodPeriod and the amount of Shared Excess Finance Charge Collections, shall be applied pursuant to subsections 4.09(a)(i)in accordance with, (ii)and in the priority set forth in, (iii) and (ivsubsection 4.9(a); and (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread and the amount of Shared Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsection 4.11(c) on such Transfer Date shall be applied first pursuant to subsections 4.09(b)(i) in accordance with and (iiin the priority set forth in, subsection 4.9(b) and then pursuant to subsection 4.11(c).

Reallocated Principal Collections. On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw from the Principal Account and apply Reallocated Principal Collections (applying all Reallocated Collateral Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any Reallocated Class B Principal Collections in accordance with subsection 4.1250 (a) for any amounts still owing after the application of Reallocated Collateral Principal Collections) with respect to such Transfer Date, to make the following distributions on each Transfer Date in the following priority: : (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Transfer Date over (ii) the sum of (x) the amount of Excess Spread and Shared Excess Yield Collections with respect to the related Monthly PeriodCollection Period and (y) amounts, if any, to be withdrawn from the Overconcentration Account pursuant to subsection 4.18(d)(i) on such Transfer Date, shall be applied used to fund any deficiency pursuant to subsections 4.09(a)(i4.9(a)(i), (ii), (iii) and (iviii), in that order of priority; and and (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Transfer Date over (ii) the sum of (x) the amount of Excess Spread and Shared Excess Yield Collections allocated and available to the Class B Certificates pursuant to subsection 4.11(c) on such Transfer Date and (y) amounts, if any, to be withdrawn from the Overconcentration Account and allocated and available to the Class B Certificates pursuant to subsection 4.18(d)(ii) on such Transfer Date, shall be applied first used to fund any deficiency pursuant to subsections 4.09(b)(i4.9(b)(i) and (ii) and then pursuant to subsection 4.11(c4.11(d), in that order of priority.

Reallocated Principal Collections. On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw from the Principal Account and apply Reallocated Principal Collections (applying all Reallocated Collateral Class C Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any Reallocated Class B Principal Collections in accordance with subsection 4.12 (a) for any amounts still owing after the application of Reallocated Collateral Class C Principal Collections) with respect to such Transfer Date, to make the following distributions on each Transfer Date in the following priority: : (a) an amount equal to the excess, if any, of (i) the Class A Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread with respect to the related Monthly Period, shall be applied pursuant to subsections 4.09(a)(i), (ii), (iii) and (iviii); and (b) an amount equal to the excess, if any, of (i) the Class B Required Amount, if any, with respect to such Transfer Date over (ii) the amount of Excess Spread allocated and available to the Class B Certificates pursuant to subsection 4.11(c) on such Transfer Date shall be applied first pursuant to subsections 4.09(b)(i) and (ii) and then pursuant to subsection 4.11(c).

Reallocated Principal Collections. (a) On or before each Transfer Distribution Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B E hereto) to withdraw from the Principal Account and apply Reallocated Principal Collections (applying all Reallocated Collateral Principal Collections in accordance with subsections 4.12(a) and (b) prior to applying any Reallocated Class B Principal Collections in accordance with subsection 4.12 (a) for any amounts still owing after the application of Reallocated Collateral Principal Collections4.12(b)) with respect to such Transfer Distribution Date, to make the following distributions on each Transfer Distribution Date in the following priority: : (ai) an amount equal to the excess, if any, of (ix) the Class A Required Amount, if any, with respect to such Transfer Distribution Date over (iiy) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated to Series 2002-1 with respect to the related Monthly Due Period, shall be applied pursuant to in accordance with, and in the priority set forth in, subsections 4.09(a)(i4.9(a)(i), (ii), (iii) and (iv); and ; (bii) an amount equal to the excess, if any, of (ix) the Class B Required Amount, if any, with respect to such Transfer Distribution Date over (iiy) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available to the Class B Certificates pursuant to subsection 4.11(c) on such Transfer Distribution Date shall be applied first pursuant to in accordance with, and in the priority set forth in subsections 4.09(b)(i4.9(b)(i) and (ii) and then pursuant to and in the priority set forth in subsection 4.11(c4.11(c)(II); and (iii) an amount equal to the excess, if any, of (x) the Class C Required Amount, if any, with respect to such Distribution Date over (y) the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available to the Class C Investor Interest pursuant to subsections 4.11(e), 4.11(f), 4.11(g) and 4.11(h) on such Distribution Date shall be applied first pursuant to subsection 4.9(c)(i), and then pursuant to and in the priority set forth in subsections 4.11(f), 4.11(g) and 4.11(h). (b) On each Distribution Date on which the Servicer shall instruct the Trustee to apply Reallocated Principal Collections pursuant to paragraph (a) above, the Trustee shall apply such Reallocated Principal Collections in the following order of priority and only to the extent provided below: (i) applying Reallocated Class D-2 Principal Collections in accordance with subsections 4.12 (a)(i) through (a)(iii); (ii) if any amounts remain outstanding under subsections 4.12 (a)(i) through (a)(iii) after giving effect to Reallocated Class D-2 Principal Collections, then applying Reallocated Class D-1 Principal Collections in accordance with subsections 4.12 (a)(i) through (a)(iii); (iii) if any amounts remain outstanding under subsections 4.12 (a) (i) or (a)(ii) above after giving effect to Reallocated Class D Principal Collections, then applying Reallocated Class C Principal Collections in accordance with subsections 4.12(a)(i) and (a)(ii); and (iv) if any amounts remain outstanding under subsection 4.12 (a)(i) above after giving effect to Reallocated Class D Principal Collections and Reallocated Class C Principal Collections, then applying Reallocated Class B Principal Collections in accordance with subsection 4.12(a)(i). (c) On each Distribution Date, the Class D-2 Investor Interest shall be reduced by the amount of Reallocated Class D-2 Principal Collections for such Distribution Date, the Class D-1 Investor Interest shall be reduced by the amount of Reallocated Class D-1 Principal Collections for such Distribution Date, the Class C Investor Interest shall be reduced by the amount of Reallocated Class C Principal Collections for such Distribution Date, and the Class B Investor Interest shall be reduced by the amount of Reallocated Class B Principal Collections for such Distribution Date. Each of the Class B Investor Interest, the Class C Investor Interest, the Class D-1 Investor Interest and the Class D-2 Investor Interest will thereafter be reimbursed (but not in excess of the unreimbursed amount of such reductions) on any Distribution Date by the amount of the Excess Spread and Shared Excess Finance Charge Collections allocated and available to (x) the Class B Investor Interest pursuant to subsection 4.11(d), (y) the Class C Investor Interest pursuant to subsection 4.11(i) and (z) to the Class D-1 Investor Interest and Class D-2 Investor Interest pursuant to subsection 4.11(p).