Common use of Rights of Certificateholders Clause in Contracts

Rights of Certificateholders. The Series 1998-2 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-2 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 1998-2 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 1998-2 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 2 contracts

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

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Rights of Certificateholders. The Series 19981996-2 Certificates ---------------------------- shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981996-2 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981996-2 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19981996-2 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 19981995-2 1 Certificates shall represent undivided interests in the Trust, consisting of including the right to receive, to the extent necessary to make the required payments with respect to such Series 19981995-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 19981995-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Distribution Account, the Cap Proceeds Account, the Payment Reserve Account and the Distribution Defeasance Account (for such Series, the "Series 19981995-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, Certificate; the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, ; and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Except in connection with a payment of Class D Certificates Daily Principal pursuant to subsection 4.9(f) of this Agreement, the Class D Certificate will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

Samples: Administration Agreement (Metris Companies Inc)

Rights of Certificateholders. The Series 19981996-2 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981996-2 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981996-2 Certificates on deposit in the Excess Funding Account, Account and the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19981996-2 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 1998-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the a)the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds b)funds allocable to the Series 1998-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds c)funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 1998-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Floorplan Recievables Master Trust)

Rights of Certificateholders. The Series 19981999-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981999-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981999-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Pre- Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19981999-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 1998-2 2000-__ Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-2 2000-__ Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in received with respect to the Collection Account, Receivables and (b) funds allocable to the Series 1998-2 2000-__ Certificates on deposit in the Collection Account, the Excess Funding Account, the Class D Subaccount of the Excess Principal Funding Account and the Pre-Funding Account and (c) funds on deposit in Account, the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 1998-2 2000-__ Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D C Invested Amount shall be subordinated to the Class A Certificates, Certificates and the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have has been paid in full. The Class D Certificates will Exchangeable Transferor Certificate shall not have represent any interest in the right to receive payments of principal until the Class A Invested AmountCollection Account, the Class B Invested Amount and Excess Funding Account, the Class C Invested Amount have been paid Principal Funding Account, the Interest Funding Account, the Principal Account or the Distribution Account, except as specifically provided in fullthis Article IV.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Credit Card Master Trust)

Rights of Certificateholders. The Series 1998-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the a)the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds b)funds allocable to the Series 1998-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds c)funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 1998-2 1 Certificateholders' Interest"). The Class B ClassB Invested Amount, the Class C ClassC Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Floorplan Recievables Master Trust)

Rights of Certificateholders. The Series 19981997-2 1 Certificates shall represent undivided interests in the Trust, consisting of including the right to receive, to the extent necessary to make the required payments with respect to such Series 19981997-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 19981997-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Principal Funding Account, the Accumulation Period Re- serve Account, the Distribution Account, the Payment Reserve Account and the Distribution Pre-Funding Account (for such Series, the "Series 19981997-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, ; the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, ; and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Rights of Certificateholders. The Series 19981995-2 1 Certificates ---------------------------- shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981995-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981995-2 1 Certificates on deposit in the Excess Funding Account, Account and the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19981995-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 1998-2 A Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-2 A Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 1998-2 A Certificates on deposit in the Excess Funding Account, Account and the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 1998-2 A Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 19982001-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19982001-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19982001-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19982001-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Green Tree Floorplan Recievables Master Trust)

Rights of Certificateholders. The Series 19982000-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receivere ceive, to the extent necessary to make the required payments with respect to such Series 19982000-2 1 Certificates at the times and in the amounts specified in this AgreementAgree ment, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in received with respect to the Collection Account, Receivables and (b) funds allocable to the Series 19982000-2 1 Certificates on deposit in the Collection Account, the Excess Funding Account, the Class D Subaccount of the Excess Principal Funding Account and the Pre-Funding Account and (c) funds on deposit in Account, the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19982000-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D C Invested Amount shall be subordinated to the Class A Certificates, Certificates and the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have has been paid in full. The Class D Certificates will Exchangeable Transferor Certificate shall not have represent any interest in the right Collection Account, the Excess Funding Account, the Principal Funding Account, the Interest Funding Account, the Principal Account or the Distribution Account, except as specifically provided in this Article IV. Notwithstanding anything in this Series Supple ment to receive payments of principal until the Class A Invested Amountcontrary, for so long as the Class B Invested Amount Certifi xxxxx are retained by the Transferor, the Servicer shall not instruct the Trustee to deposit, and neither the Servicer nor the Trustee need deposit, amounts allocated for distribution to the Class C Invested Amount have been paid B Certificateholders and designated herein to be deposited in fullthe Interest Funding Account, the Principal Account or the Distribution Ac count into such accounts but the Servicer shall instruct the Trustee to pay such amounts as collected and so allocated to the Transferor.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Receivables Corp)

Rights of Certificateholders. The Series 19981997-2 1 Certificates shall represent undivided interests in the Trust, consisting of including the right to receive, to the extent necessary to make the required payments with respect to such Series 19981997-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 19981997-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Principal Funding Account, the Accumulation Period Reserve Account, the Distribution Account, the Payment Reserve Account and the Distribution Pre-Funding Account (for such Series, the "Series 19981997-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, ; the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, ; and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.. SECTION 4.5

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Companies Inc)

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Rights of Certificateholders. The Series 19981999-2 1 Certificates shall represent undivided interests Undivided Interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981999-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in received with respect to the Collection Account, Receivables and (b) funds allocable to the Series 1998-2 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Collection Account and the Distribution Excess Funding Account (for such Series, the "Series 19981999-2 1 Certificateholders' Interest"). The Class B Invested Amount, Amount and the Class C Invested Amount and the Class D Invested Amount shall be subordinated subordinate to the Class A Certificates, and the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates. From and after the Amortization Period Commencement Date, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The , and the Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will Exchangeable Transferor Certificate shall not have represent any interest in the right to receive payments of principal until Collection Account or the Class A Invested AmountExcess Funding Account, the Class B Invested Amount and the Class C Invested Amount have been paid except as specifically provided in fullthis Article IV.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Federated Department Stores Inc /De/)

Rights of Certificateholders. The Series 19981999-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981999-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981999-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19981999-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 19981995-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981995-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981995-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19981995-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 19981997-2 Certificates shall represent undivided interests in the Trust, consisting of including the right to receive, to the extent necessary to make the required payments with respect to such Series 19981997-2 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 19981997-2 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Principal Funding Account, the Accumulation Period Reserve Account, the Distribution Account, the Payment Reserve Account and the Distribution Pre-Funding Account (for such Series, the "Series 19981997-2 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, ; the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, ; and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Rights of Certificateholders. The Series 19981995-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981995-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981995-2 1 Certificates on deposit in the Excess Funding Account, Account and the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 19981995-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 19981997-2 1 Certificates shall represent undivided interests in the Trust, consisting of including the right to receive, to the extent necessary to make the required payments with respect to such Series 19981997-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections (including Imputed Yield Collections) available in the Collection Account, (b) funds allocable to the Series 19981997-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Distribution Account, the Payment Reserve Account and the Distribution Defeasance Account (for such Series, the "Series 19981997-2 1 Certificateholders' Interest"). The Class B Invested Amount, Amount shall be subordinated to the Class A Certificates and the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount Certificates and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, Certificates in each case to the extent provided in this Article IV. The Except in connection with a payment of Class B Certificates will not have C Daily Principal pursuant to subsection 4.9(e) of this Agreement, the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have each been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fingerhut Companies Inc)

Rights of Certificateholders. The Series 19982002-2 1 Certificates shall represent undivided interests Undivided Interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19982002-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in received with respect to the Collection Account, Receivables and (b) funds allocable to the Series 1998-2 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Collection Account and the Distribution Excess Funding Account (for such Series, the "Series 1998SERIES 2002-2 Certificateholders1 CERTIFICATEHOLDERS' InterestINTEREST"). The Class B Invested Amount, Amount and the Class C Invested Amount and the Class D Invested Amount shall be subordinated subordinate to the Class A Certificates, and the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates. From and after the Amortization Period Commencement Date, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The , and the Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will Exchangeable Transferor Certificate shall not have represent any interest in the right to receive payments of principal until Collection Account or the Class A Invested AmountExcess Funding Account, the Class B Invested Amount and the Class C Invested Amount have been paid except as specifically provided in fullthis Article IV.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Federated Department Stores Inc /De/)

Rights of Certificateholders. The Series 1998-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 1998-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account and the Distribution Account (for such Series, the "Series 1998-2 1 Certificateholders' Interest"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

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

Rights of Certificateholders. The Series 19981995-2 1 Certificates shall represent undivided interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Series 19981995-2 1 Certificates at the times and in the amounts specified in this Agreement, (a) the Floating Allocation Percentage and the Fixed/Floating Fixed Allocation Percentage (as applicable from time to time) of Collections available in the Collection Account, (b) funds allocable to the Series 19981995-2 1 Certificates on deposit in the Excess Funding Account, the Class D Subaccount of the Excess Funding Account and the Pre-Funding Equalization Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Cap Proceeds Account and the Distribution Account (for such Series, the "Series 1998SERIES 1995-2 Certificateholders1 CERTIFICATEHOLDERS' InterestINTEREST"). The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV. The Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full. The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Apparel Retailers Inc)

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