Common use of Reimbursement of Class A Investor Charge-Off Clause in Contracts

Reimbursement of Class A Investor Charge-Off. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed Class A Investor Charge-Off, if any, which amount will be applied to reimburse Class A Investor Charge-Offs, such amount during the Revolving Period to be treated as Shared Principal Collections, and during the Controlled Accumulation Period or Early Amortization Period on and prior to the date on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Green Tree Floorplan Recievables Master Trust), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

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Reimbursement of Class A Investor Charge-Off. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed Class A Investor Charge-Off, if any, which amount will be applied to reimburse Class A Investor Charge-OffsOff, such amount during the Revolving Period to be treated as Shared Principal Collections, and during the Controlled Accumulation Period or Early Amortization Period on and prior to the date day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Reimbursement of Class A Investor Charge-Off. On each -------------------------------------------- Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed Class A Investor Charge-Off, if any, which amount will be applied to reimburse Class A Investor Charge-OffsOff, such amount during the Revolving Period to be treated as Shared Principal Collections, and during the Controlled Accumulation Period or Early Amortization Period on and prior to the date day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Reimbursement of Class A Investor Charge-Off. On each Business -------------------------------------------- Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed Class A Investor Charge-Off, if any, which amount will be applied to reimburse Class A Investor Charge-OffsOff, such amount during the Revolving Period to be treated as Shared Principal Collections, and during the Controlled Accumulation Period or Early Amortization Period on and prior to the date day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

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Reimbursement of Class A Investor Charge-Off. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed Class A Investor Charge-Off, if any, which amount will be applied to reimburse Class A Investor Charge-OffsOff, such amount during the Revolving Period to be treated as Shared Principal Collections, and during the Controlled Accumulation Amortization Period or Early Amortization Period on and prior to the date day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Reimbursement of Class A Investor Charge-Off. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed Class A Investor Charge-Off, if any, which amount will be applied to reimburse Class A Investor Charge-OffsOff, such amount during the Revolving Period to be treated as Shared Principal Collections, and during the Controlled Accumulation Period or Early Amortization Period on and prior to the date day on which an amount equal to the Class A Invested Amount is deposited in the Principal Account, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp)

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