Common use of Reallocated Principal Clause in Contracts

Reallocated Principal. Collections for the Series 1999-A ------------------------------------------------------- Certificates. ------------ (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(c) and (d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Collateral 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 or any Partial 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 Collateral 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 Collateral Invested Amount shall be reduced by the amount of Reallocated Collateral 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 Collateral Invested Amount to be a negative number, the Collateral Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of Collections of Principal Receivables would cause the Class B Invested Amount to be a negative number on any Distribution Date, Collections of Principal Receivables 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 19991997-A 6 ------------------------------------------------------- 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 (iiiiv) of the Agreement and then pursuant to subsections 4.09(b)(i) and through (iiiii) and 4.13(c) and (de) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Collateral 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 or any Partial 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 Collateral 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 (iiiiv) 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 Collateral CIA Invested Amount shall be reduced by the amount of Reallocated Collateral 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 Collateral CIA Invested Amount to be a negative number, the Collateral CIA Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral CIA Invested Amount would have been reduced below zero. In the event that the reallocation of Principal Collections of Principal Receivables would cause the Class B Invested Amount to be a negative number on any Distribution Date, Principal Collections of Principal Receivables 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 19991997-A 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(c) and (d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Collateral 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 or any Partial 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 Collateral 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 Collateral CIA Invested Amount shall be reduced by the amount of Reallocated Collateral 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 Collateral CIA Invested Amount to be a negative number, the Collateral CIA Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral CIA Invested Amount would have been reduced below zero. In the event that the reallocation of Principal Collections of Principal Receivables would cause the Class B Invested Amount to be a negative number on any Distribution Date, Principal Collections of Principal Receivables 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 Collec- tions for the Series 19991995-A ------------------------------------------------------- 1 Certificates. ------------. (a) On each Business Day, the Servicer will determine an amount equal to the least of (i) the Class D Invested Amount, (ii) the product of (x)(I) during the Revolving Period, the Class D Floating Allocation Percentage or (II) dur- ing an Amortization Period, the Class D Fixed/Floating Allocation Percentage and (y) the amount of Principal Collections with respect to such Business Day and (iii) an amount equal to the sum of (xa) the excess, if any, of the Class A Required Amount with respect to for such related Monthly Period over the amount of Excess Finance Charge Collections with respect to such related Monthly Period and Business Day, (yb) the Class B Required Amount with respect for such Business Day and (c) the Class C Re- quired 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 related Monthly Period which amount shall be applied 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 Re- quired Amount in the same priority first as amounts are ap- plied to such components from Available Series 1995-1 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(c) and (d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Collateral Principal Collections) will, on Distribution Dates with respect to the Revolving Period, be applied as Available Investor Principal Collectionssubsection 4.9(a). (b) On each Distribution DateBusiness 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 Per- centage 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 Class A Required Amount for such Business Day over the amount of Reallocated Class D Principal Collections applied with respect thereto for such Business Day and (b) 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 or cause Principal Collections in an amount equal to such amount first to the Trustee remaining components of the Class A Required Amount and then to apply the remaining compo- nents of the Class B Required Amount in the same priori- ty as amounts are applied to such components from Avail- able Series 1995-1 Finance Charge Collections pursuant to subsection 4.9(a). (c) On each Business Day, the Servicer will determine an amount, not amount equal to exceed the 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 Per- centage or (iiII) during an Amortization Period or any Partial 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 Collateral Class D Principal Col- lections and Reallocated Class C Principal Collections applied with respect thereto for the related Monthly Period shall be applied in priority pursuant to subsection 4.09(a)(i) through such Business Day (iii) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting amount called "Reallocated Class B Principal CollectionsCollec- tions") will, on Distribution Dates with respect and shall apply Principal Collections equal to such amount to the Revolving Period, be applied as Available Investor Principal Collections. On each Distribution Date the Collateral Invested Amount shall be reduced by the amount remaining components of Reallocated Collateral 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 Collateral Invested Amount to be a negative number, the Collateral Invested Amount shall be reduced to zero and the Class B Invested A Required Amount shall be reduced by in the amount by which the Collateral Invested Amount would have been reduced below zero. In the event that the reallocation of same priority as amounts are applied to such components from Available Series 1995-1 Finance Charge Collections of Principal Receivables would cause the Class B Invested Amount pursuant to be a negative number on any Distribution Date, Collections of Principal Receivables 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 zerosubsection 4.9(a).

Reallocated Principal. Collections for the Series 19991996-A 6 ------------------------------------------------------- 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(c) and (d4.13(d) of the Agreement; and (ii) any such collections not applied in the foregoing manner (and therefore not constituting Reallocated Collateral 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 or any Partial Amortization Period, the Class B Fixed/Floating Allocation Alloca- tion 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 Collateral 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 Collateral CIA Invested Amount shall be reduced by the amount of Reallocated Collateral 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 Collateral CIA Invested Amount to be a negative number, the Collateral CIA Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral CIA Invested Amount would have been reduced below zero. In the event that the reallocation of Principal Collections of Principal Receivables would cause the Class B Invested Amount to be a negative number on any Distribution Date, Principal Collections of Principal Receivables 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.