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

Reimbursement of Class D 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 (ix), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class D Invested Amount has been reduced on prior Business Days pursuant to clauses (e) and (f) of the definition of Class D Invested Amount, if any, such amount, (i) during the Revolving Period, and during the Controlled Accumulation Period on and prior to the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, paid to the Transferor, (ii) during the Early Amortization Period, be deposited in the Class D Subaccount of the Excess Funding Account, to be held until the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, and to be available to be applied as Reallocated Class D Principal Collections and (iii) during the Controlled Accumulation Period on and after the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, deposited in the Principal Account for payment to the Class D Certificateholders.

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 D 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 (ix), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class D Invested Amount has been reduced on prior Business Days pursuant to clauses (e) and (f) of the definition of Class D Invested Amount, if any, such amount, (i) during the Revolving Period, and during the Controlled Accumulation Period on and prior to the date day on which an amount equal to the Class C Invested Amount has been is deposited in the Principal Account, paid to the Transferor, (ii) during the Early Amortization Period, be deposited in the Class D Subaccount of the Excess Funding Account, to be held until the date on which an amount equal to the Class C Invested Amount has been deposited paid in the Principal Accountfull, and to be available to be applied as Reallocated Class D Principal Collections and (iii) during the Controlled Accumulation Period on and after the date on which an amount equal day the deposit to the Principal Account with respect to Class C Invested Amount referred to in clause (i) has been deposited in the Principal Accountmade, deposited in the Principal Account for payment to the Class D Certificateholders.

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 D 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 (ix), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class D Invested Amount has been reduced on prior Business Days pursuant to clauses (e) and (f) of the definition of Class D Invested Amount, if any, such amount, (i) during the Revolving Period, and during the Controlled Accumulation Period on and prior to the date day on which an amount equal to the Class C Invested Amount has been is deposited in the Principal Account, paid to the Transferor, (ii) during the Early Amortization Period, be deposited in the Class D Subaccount of the Excess Funding Account, to be held until the date on which an amount equal to the Class C Invested Amount has been deposited paid in the Principal Accountfull, and to be available to be applied as Reallocated Class D Principal Collections and (iii) during the Controlled Accumulation Period on and after the date on which an amount equal day the deposit to the Principal Account with respect to Class C Invested Amount referred to in clause (i) has been deposited in the Principal Accountmade, deposited in the Principal Account for payment to the Class D Certificateholders.

Appears in 2 contracts

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

Reimbursement of Class D 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 (ix), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class D Invested Amount has been reduced on prior Business Days pursuant to clauses (e) and (f) of the definition of Class D Invested Amount, if any, such amount, (i) during the Revolving Period, and during the Controlled Accumulation Amortization Period on and prior to the date day on which an amount equal to the Class C Invested Amount has been is deposited in the Principal Account, paid to the Transferor, (ii) during the Early Amortization Period, be deposited in the Class D Subaccount of the Excess Funding Account, to be held until the date on which an amount equal to the Class C Invested Amount has been deposited paid in the Principal Accountfull, and to be available to be applied as Reallocated Class D Principal Collections and (iii) during the Controlled Accumulation Amortization Period on and after the date on which an amount equal day the deposit to the Principal Account with respect to Class C Invested Amount referred to in clause (i) has been deposited in the Principal Accountmade, deposited in the Principal Account for payment to the Class D Certificateholders.

Appears in 1 contract

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

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Reimbursement of Class D 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 (ix), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class D Invested Amount has been reduced on prior Business Days pursuant to clauses (e) and (f) of the definition of Class D Invested Amount, if any, such amount, (i) during the Revolving Period, and during the Controlled Accumulation Period on and prior to the date day on which an amount equal to the Class C Invested Amount has been is deposited in the Principal Account, paid to the Transferor, (ii) during the Early Amortization Period, be deposited in the Class D Subaccount of the Excess Funding Account, to be held until the date on which an amount equal to the Class C Invested Amount has been deposited paid in the Principal Accountfull, and to be available to be applied as Reallocated Class D Principal Collections and (iii) during the Controlled Accumulation Period on and after the date on which an amount equal day such deposit to the Principal Account with respect to Class C Invested Amount has been deposited in the Principal Accountmade, deposited in the Principal Account for payment to the Class D Certificateholders.

Appears in 1 contract

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

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