Shared Excess Available Finance Charge Collections. (a) Series [•] shall be included in Shared Excess Available Finance Charge Collections Group [•] for the purpose of sharing Shared Excess Available Finance Charge Collections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Finance Charge Collections Group [•], any Shared Excess Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 5 contracts
Samples: Indenture Supplements (Barclays Dryrock Issuance Trust), Indenture Supplement (Barclays Dryrock Funding LLC), Indenture Supplement (Barclays Bank Delaware)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2015-2 shall be included in Shared Excess Available Finance Charge Collections Group [•] One for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] One to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2015-2 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2015-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2015-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2015-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Finance Charge Collections Group [•]One, any Shared Excess Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] One for any Monthly Period which shall remain after application pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]One.
Appears in 2 contracts
Samples: Indenture Supplements (Barclays Dryrock Issuance Trust), Indenture Supplement (Barclays Dryrock Issuance Trust)
Shared Excess Available Finance Charge Collections. (a) Series [•] The ONEseries shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within . Shared Excess Available Finance Charge Collections Group [•] to cover A may include Series secured by the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date collateral in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly PeriodAsset Pools other than Asset Pool One. Shared Excess Available Finance Charge Collections allocable to Series [•] the ONEseries with respect to each any Monthly Period shall mean an amount equal to the Series be treated as ONEseries Available Finance Charge Collections Shortfall, if any, with respect to Series [•] for such Monthly Period and applied on the First Note Transfer Date in the immediately succeeding Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all .
(b) tions Series in Shared Excess Available Finance Charge Collections Group [•] for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] the ONEseries for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other all Series in Shared Excess Available Finance Charge Collections Group [•], any A for such Monthly Period.
(c) To the extent that Shared Excess Available Finance Charge Collections for each exceed the Aggregate Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]Issuer.
Appears in 1 contract
Samples: Indenture Supplement (First Usa Credit Card Master Trust)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2014-1 shall be included in Shared Excess Available Finance Charge Collections Group [•] One for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] One to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2014-1 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2014-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2014-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2014-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Finance Charge Collections Group [•]One, any Shared Excess Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] One for any Monthly Period which shall remain after application pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]One.
Appears in 1 contract
Shared Excess Available Finance Charge Collections. (a) Series [•] 2008-1 shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2008-1 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2008-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2008-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2008-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Receivables Financing CORP v LLC)
Shared Excess Available Finance Charge Collections. (a) Series [•__]-[__] shall be included in Shared Excess Available Finance Charge Collections Group [•__] for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•__] to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•__]-[__] with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•__]-[__] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•__] for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•__]-[__] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•__] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•__]-[__] for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Finance Charge Collections Group [•__], any Shared Excess Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•__] for any Monthly Period which shall remain after application pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•__].
Appears in 1 contract
Samples: Indenture Supplement (Barclays Dryrock Funding LLC)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2013-1 shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2013-1 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2013-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2013-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2013-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2007-2 shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2007-2 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2007-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2007-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2007-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Issuance Trust)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2013-1 shall be included in Shared Excess Available Finance Charge Collections Group [•] One for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] One to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2013-1 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2013-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2013-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2013-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Finance Charge Collections Group [•]One, any Shared Excess Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] One for any Monthly Period which shall remain after application pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]One.
Appears in 1 contract
Shared Excess Available Finance Charge Collections. (a) Series [•] The ONEseries shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections. Shared Excess Available Finance Charge Collections Group A may include Series secured by the collateral in Asset Pools other than Asset Pool One. Shared Excess Available Finance Charge Collections allocable to the ONEseries with respect to any Monthly Period shall be treated as ONEseries Available Finance Charge Collections with respect to such Monthly Period and applied on the First Note Transfer Date in the immediately succeeding Monthly Period.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 3.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Series included in Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall A for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] the ONEseries with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] the ONEseries for such each Monthly Period; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance Charge Collections Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] the ONEseries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance Charge Collections 62 Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] the ONEseries for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other all Series in Shared Excess Available Finance Charge Collections Group [•], any A for such Monthly Period.
(c) To the extent that Shared Excess Available Finance Charge Collections for each exceed the Aggregate Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]Issuer.
Appears in 1 contract
Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2008-2 shall be included in Shared Excess Available Finance Charge Collections Group [•] B for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] B to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2008-2 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2008-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] B for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2008-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] B for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2008-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Issuance Trust)
Shared Excess Available Finance Charge Collections. (a) Series 20[_]-[•_] shall be included in Shared Excess Available Finance Charge Collections Group [•A/B] for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•A/B] to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series 20[_]-[•_] with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series 20[_]-[•_] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•A/B] for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series 20[_]-[•_] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•A/B] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series 20[_]-[•_] for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)
Shared Excess Available Finance Charge Collections. (a) Series 201[_]-[•_] shall be included in Shared Excess Available Finance Charge Collections Group [•A/B] for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•A/B] to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series 201[_]-[•_] with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series 201[_]-[•_] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•A/B] for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series 201[_]-[•_] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•A/B] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series 201[_]-[•_] for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)
Shared Excess Available Finance Charge Collections. (a) Series [•] The ONEseries shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections. Shared Excess Available Finance Charge Collections Group A may include Series secured by the collateral in Asset Pools other than Asset Pool One. Shared Excess Available Finance Charge Collections allocable to the ONEseries with respect to any Monthly Period shall be treated as ONEseries Available Finance Charge Collections with respect to such Monthly Period and applied on the First Note Transfer Date in the immediately succeeding Monthly Period.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 3.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Series included in Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall A for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] the ONEseries with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] the ONEseries for such each Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance Charge Collec tions Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] the ONEseries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance Charge Collec tions Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] the ONEseries for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other all Series in Shared Excess Available Finance Charge Collections Group [•], any A for such Monthly Period.
(c) To the extent that Shared Excess Available Finance Charge Collections for each exceed the Aggregate Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]Issuer.
Appears in 1 contract
Samples: Oneseries Indenture Supplement (Bank One Delaware National Association)
Shared Excess Available Finance Charge Collections. (a) Series [•__]-[__] shall be included in Shared Excess Available Finance Charge Collections Group [•__] for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•__] to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•__]-[__] with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•__]-[__] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•__] for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•__]-[__] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•__] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•__]-[__] for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.. Back to Contents
(c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Finance Charge Collections Group [•__], any Shared Excess Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•__] for any Monthly Period which shall remain after application pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•__].
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Samples: Indenture Supplement (Barclays Dryrock Funding LLC)
Shared Excess Available Finance Charge Collections. (a) Series [•] The WachoviaSeries shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections. Shared Excess Available Finance Charge Collections allocable to the WachoviaSeries with respect to any Monthly Period shall be treated as WachoviaSeries Available Finance Charge Collections with respect to such Monthly Period and applied on the First Note Transfer Date in the immediately succeeding Monthly Period.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 3.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Series included in Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall A for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] the WachoviaSeries with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] the WachoviaSeries for such each Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance Charge Collections Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] the WachoviaSeries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance Charge Collections Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] the WachoviaSeries for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other all Series in Shared Excess Available Finance Charge Collections Group [•], any A for such Monthly Period.
(c) To the extent that Shared Excess Available Finance Charge Collections for each any Monthly Period exceed the Aggregate Series in Shared Excess Available Finance Charge Collections Group [•] Shortfall for any such Monthly Period which Period, such excess (the “Unapplied Excess Finance Charge Collections”) shall remain after application be applied pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]subsection 3.02(h).
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Samples: Wachovia Series Indenture Supplement (Wachovia Card Receivables LLC)
Shared Excess Available Finance Charge Collections. (a) Series 2005-[•__] shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series 2005-[•__] with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series 2005-[•__] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series 2005-[•__] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series 2005-[•__] for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Issuance Trust)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2007-1 shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2007-1 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2007-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2007-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2007-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Issuance Trust)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2013-2 shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•] 2013-2 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2013-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2013-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2013-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Issuance Trust II)
Shared Excess Available Finance Charge Collections. (a) Series [•] 2012-2 shall be included in Shared Excess Available Finance Charge Collections Group [•] One for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] One to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Back to Contents Available Finance Charge Collections allocable to Series [•] 2012-2 with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•] 2012-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•] 2012-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] One for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•] 2012-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Finance Charge Collections Group [•]One, any Shared Excess Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] One for any Monthly Period which shall remain after application pursuant to clause (b) above shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•]One.
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Shared Excess Available Finance Charge Collections. (a) Series [•201[ ]-[ ] shall be included in Shared Excess Available Finance Charge Collections Group [•] A for the purpose of sharing Shared Excess Available Finance Charge Collections.
(b) Unless otherwise provided pursuant to the terms of Section 4.11 4.12 of the Indenture, Shared Excess Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group [•] A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly Period, if any, and applied on the Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Finance Charge Collections Group Series with a Series Available Finance Charge Collections Shortfall for such Monthly Period. Shared Excess Available Finance Charge Collections allocable to Series [•201[ ]-[ ] with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to Series [•201[ ]-[ ] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections allocable to Series [•201[ ]-[ ] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Series in Shared Excess Available Finance Charge Collections Group [•] A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to Series [•201[ ]-[ ] for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period.
(c) Unless otherwise specified in To the Indenture Supplement for any other Series in extent that Shared Excess Available Finance Charge Collections Group [•], any Shared Excess exceed the Aggregate Series Available Finance Charge Collections for each Series in Shared Excess Available Finance Charge Collections Group [•] for any Monthly Period which shall remain after application pursuant to clause (b) above Shortfall, such excess shall be paid to the holders of the Transferor Interest. Shared Excess Available Finance Charge Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Finance Charge Collections Group [•].
Appears in 1 contract
Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)