Common use of Rights of Securityholders Clause in Contracts

Rights of Securityholders. The Series 1998-1 Securities shall represent undivided interests in the Trust, including the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-1 Securities at the times and in the amounts specified in this Agreement, (a) the Floating Percentage and the Fixed/Floating Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 1998-1 Securities on deposit in the Excess Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Revolving Receivables Reserve Account, the Defeasance Funding Account, the Defeasance Reserve Account, the Distribution Account, the CTO Reserve Account and the Payment Reserve Account (for such Series, the "Series 1998-1 Securityholders' Interest"). The Class B Invested Amount, the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Securities; the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV. The Class B Securities will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Collateralized Trust Obligations 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 Securities will not have the right to receive payments of principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the CTO Invested Amount have been paid in full.

Rights of Securityholders. The Series 1998-1 2 Securities shall represent undivided interests in the Trust, including the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-1 2 Securities at the times and in the amounts specified in this Agreement, (a) the Floating Percentage and the Fixed/Floating Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 1998-1 2 Securities on deposit in the Excess Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Revolving Receivables Reserve Account, the Defeasance Funding Account, the Defeasance Reserve Account, the Distribution Account, the CTO Reserve Account and the Payment Reserve Account (for such Series, the "Series 1998-1 2 Securityholders' Interest"). The Class B Invested Amount, the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Securities; the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV. The Class B Securities will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Collateralized Trust Obligations 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 Securities will not have the right to receive payments of principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the CTO Invested Amount have been paid in full.

Rights of Securityholders. The Series 1998-1 Securities shall represent undivided interests in the Trust, including the right to receive, to the extent necessary to make the required payments with respect to such Series 1998-1 Securities at the times and in the amounts specified in this Agreement, (a) the Floating Percentage and the Fixed/Floating Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 1998-1 Securities on deposit in the Excess Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Revolving Receivables Reserve Distribution Account, the Defeasance Funding Account, the Defeasance Reserve Account, the Distribution Cap Proceeds Account, the CTO Reserve Account, the Payment Reserve Account and the Payment Reserve Defeasance Account (for such Series, the "Series 1998-1 Securityholders' Interest"). The Class B Invested Amount, the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class A SecuritiesSecurity; the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV. The Class B Securities will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Collateralized Trust Obligations 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 Securities Daily Principal pursuant to subsection 4.9(f) of this Agreement, the Class D Security will not have the right to receive payments of principal, other than to the extent of Class D Excess Amounts, principal until the Class A Invested Amount, the Class B Invested Amount and the CTO Invested Amount have been paid in full.

Rights of Securityholders. The Series 19982004-1 2 Securities shall represent undivided interests in the Trust, including the right to receive, to the extent necessary to make the required payments with respect to such Series 19982004-1 2 Securities at the times and in the amounts specified in this Agreement, (a) the Floating Percentage and the Fixed/Floating Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 19982004-1 2 Securities on deposit in the Excess Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Revolving Receivables Reserve Account, the Defeasance Principal Funding Account, the Defeasance Accumulation Period Reserve Account, the Distribution Account, the CTO Cap Proceeds Account, the Payment Reserve Account, the Funding Period Reserve Account and the Payment Reserve Pre-Funding Account (for such Series, the "“Series 19982004-1 2 Securityholders' ’ Interest"”). The Class B Invested AmountM Securities, the CTO Invested Amount Class B Securities and the Class D Invested Amount Excess Collateral shall be subordinated to the Class A Securities; the CTO Invested Amount Class B Securities and the Excess Collateral shall be subordinated to the Class D Invested Amount M Securities; and the Excess Collateral shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV. The Class M Securities, the Class B Securities and the Excess Collateral will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Collateralized Trust Obligations Class B Securities and the Excess Collateral will not have the right to receive payments of principal until the Class A M Invested Amount and the Class B Invested Amount have has been paid in full. The Class D Securities Excess Collateral will not have the right to receive payments of principal, other than to the extent of Class D Excess Amounts, principal until the Class A Invested Amount, the Class B Invested Amount and the CTO Invested Amount have has been paid in full.

Rights of Securityholders. The Series 19982000-1 2 Securities shall represent undivided interests in the Trust, including the right to receive, to the extent necessary to make the required payments with respect to such Series 19982000-1 2 Securities at the times and in the amounts specified in this Agreement, (a) the Floating Percentage and the Fixed/Floating Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 19982000-1 2 Securities on deposit in the Excess Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Revolving Receivables Reserve Account, the Defeasance Principal Funding Account, the Defeasance Accumulation Period Reserve Account, the Distribution Account, the CTO Reserve Cap Proceeds Account and the Payment Reserve Account (for such Series, the "Series 19982000-1 2 Securityholders' Interest"). The Class B Invested Amount, the CTO Invested Amount Securities and the Class D Invested Amount Excess Collateral shall be subordinated to the Class A Securities; the CTO Invested Amount and the Class D Invested Amount Excess Collateral shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV. The Class B Securities will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Collateralized Trust Obligations Excess Collateral will not have the right to receive payments of principal until the Class A Invested Amount and Transfer Date immediately preceding the Distribution Date on which the Class B Invested Amount have been paid in full. The Class D Securities will not have the right to receive payments of principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the CTO Invested Amount have been be paid in full.

Rights of Securityholders. The Series 19982000-1 Securities shall represent undivided interests in the Trust, including the right to receive, to the extent necessary to make the required payments with respect to such Series 19982000-1 Securities at the times and in the amounts specified in this Agreement, (a) the Floating Percentage and the Fixed/Floating Percentage (as applicable from time to time) of Collections (including Finance Charge Collections) available in the Collection Account, (b) funds allocable to the Series 19982000-1 Securities on deposit in the Excess Funding Account and (c) funds on deposit in the Interest Funding Account, the Principal Account, the Revolving Receivables Reserve Account, the Defeasance Principal Funding Account, the Defeasance Accumulation Period Reserve Account, the Distribution Account, the CTO Reserve Cap Proceeds Account and the Payment Reserve Account (for such Series, the "Series 19982000-1 Securityholders' Interest"). The Class B Invested Amount, the CTO Invested Amount Securities and the Class D Invested Amount Excess Collateral shall be subordinated to the Class A Securities; the CTO Invested Amount and the Class D Invested Amount Excess Collateral shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV. The Class B Securities will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full. The Collateralized Trust Obligations Excess Collateral will not have the right to receive payments of principal until the Class A Invested Amount and Transfer Date immediately preceding the Distribution Date on which the Class B Invested Amount have been paid in full. The Class D Securities will not have the right to receive payments of principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the CTO Invested Amount have been be paid in full.