Common use of Shared Excess Available Principal Collections Clause in Contracts

Shared Excess Available Principal Collections. (a) Shared Excess Available Principal Collections from each Series of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. (b) Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes to cover the applicable Series Available Principal Collections Shortfalls, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes for such Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period.

Appears in 4 contracts

Samples: Chase Series Indenture Supplement (Chase Card Funding LLC), Chase Series Indenture Supplement (Chase Issuance Trust), Chase Series Indenture Supplement (Chase Issuance Trust)

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Shared Excess Available Principal Collections. (a) Series [•] shall be included in Shared Excess Available Principal Collections from each Series Group [•] for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group [•] to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Shared Excess Available Principal Collections Series of Asset Pool One Notes with a Series Available Principal Collections Shortfall for such Monthly Period Period, and applied such Shared Excess Available Principal Collections allocable to Series [•] shall be distributed or deposited on the applicable Note Transfer Date dates and in the immediately succeeding Monthly Periodorder of priority provided for under Sections 4.05(b)(i)-(iii). Shared Excess Available Principal Collections allocable to the CHASEseries Series [•] with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series [•] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [•] for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series [•] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [•] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series [•] for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group [•], any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal 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 Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group [•].

Appears in 4 contracts

Samples: Indenture Supplements (Barclays Dryrock Issuance Trust), Indenture Supplement (Barclays Dryrock Funding LLC), Indenture Supplement (Barclays Bank Delaware)

Shared Excess Available Principal Collections. (a) Series [__]-[__] shall be included in Shared Excess Available Principal Collections from each Series Group [__] for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group [__] to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Shared Excess Available Principal Collections Series of Asset Pool One Notes with a Series Available Principal Collections Shortfall for such Monthly Period Period, and applied such Shared Excess Available Principal Collections allocable to Series [__]-[__] shall be distributed or deposited on the applicable Note Transfer Date dates and in the immediately succeeding Monthly Periodorder of priority provided for under Sections 4.05(b)(i)-(iii). Shared Excess Available Principal Collections allocable to the CHASEseries Series [__]-[__] with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series [__]-[__] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [__] for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series [__]-[__] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [__] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series [__]-[__] for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group [__], any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal 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 Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group [__].

Appears in 2 contracts

Samples: Indenture Supplement (Barclays Dryrock Funding LLC), Indenture Supplement (Barclays Dryrock Funding LLC)

Shared Excess Available Principal Collections. (a) Series 2015-2 shall be included in Shared Excess Available Principal Collections from each Series Group One for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool within Shared Excess Available Principal Collections Group One Notes to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Shared Excess Available Principal Collections Series of Asset Pool One Notes with a Series Available Principal Collections Shortfall for such Monthly Period Period, and applied such Shared Excess Available Principal Collections allocable to Series 2015-2 shall be distributed or deposited on the applicable Note Transfer Date dates and in the immediately succeeding Monthly Periodorder of priority provided for under Sections 4.05(b)(i)-(iii). Shared Excess Available Principal Collections allocable to the CHASEseries Series 2015-2 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2015-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2015-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2015-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group One, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal 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 Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group One.

Appears in 2 contracts

Samples: Indenture Supplements (Barclays Dryrock Issuance Trust), Indenture Supplement (Barclays Dryrock Issuance Trust)

Shared Excess Available Principal Collections. (a) Shared Excess Available Principal Collections from each Series of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseriesWachoviaSeries. Shared Excess Available Principal Collections allocable to the CHASEseries WachoviaSeries with respect to any Monthly Period shall be treated as CHASEseries WachoviaSeries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. (b) Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes to cover the applicable Series Available Principal Collections Shortfalls, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries WachoviaSeries with respect to any Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries WachoviaSeries for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes for such Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries WachoviaSeries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries WachoviaSeries for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. Section 3.29.

Appears in 1 contract

Samples: Wachovia Series Indenture Supplement (Wachovia Card Receivables LLC)

Shared Excess Available Principal Collections. (a) Series 2012-2 shall be included in Shared Excess Available Principal Collections from each Series Group One for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool within Shared Excess Available Principal Collections Group One Notes to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Shared Excess Available Principal Collections Series of Asset Pool One Notes with a Series Available Principal Collections Shortfall for such Monthly Period Period, and applied such Shared Excess Available Principal Collections allocable to Series 2012-2 shall be distributed or deposited on the applicable Note Transfer Date dates and in the immediately succeeding Monthly Periodorder of priority provided for under Sections 4.05(b)(i)-(iii). Shared Excess Available Principal Collections allocable to the CHASEseries Series 2012-2 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2012-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2012-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Back to Contents Series 2012-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group One, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal 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 Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group One.

Appears in 1 contract

Samples: Indenture Supplement (Dryrock Issuance Trust)

Shared Excess Available Principal Collections. (a) Series 2014-1 shall be included in Shared Excess Available Principal Collections from each Series Group One for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool within Shared Excess Available Principal Collections Group One Notes to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Shared Excess Available Principal Collections Series of Asset Pool One Notes with a Series Available Principal Collections Shortfall for such Monthly Period Period, and applied such Shared Excess Available Principal Collections allocable to Series 2014-1 shall be distributed or deposited on the applicable Note Transfer Date dates and in the immediately succeeding Monthly Periodorder of priority provided for under Sections 4.05(b)(i)-(iii). Shared Excess Available Principal Collections allocable to the CHASEseries Series 2014-1 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2014-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2014-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2014-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group One, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal 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 Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group One.

Appears in 1 contract

Samples: Indenture Supplement (Barclays Bank Delaware)

Shared Excess Available Principal Collections. (a) Series 2008-2 shall be included in Shared Excess Available Principal Collections from each Series Group B for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group B to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 2008-2 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2008-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group B for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2008-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group B for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2008-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group B, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group B for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group B.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust)

Shared Excess Available Principal Collections. (a) Series 2013-1 shall be included in Shared Excess Available Principal Collections from each Series Group A for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group A to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 2013-1 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2013-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2013-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2013-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group A.

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)

Shared Excess Available Principal Collections. (a) Series [•] shall be included in Shared Excess Available Principal Collections from each Series Group [•] for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group [•] to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series [•] with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series [•] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [•] for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series [•] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [•] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series [•] for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group [•], any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal 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 Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group [•].

Appears in 1 contract

Samples: Indenture Supplement (Dryrock Issuance Trust)

Shared Excess Available Principal Collections. (a) Series 2013-1 shall be included in Shared Excess Available Principal Collections from each Series Group One for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.11 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool within Shared Excess Available Principal Collections Group One Notes to cover the Back to Contents applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Shared Excess Available Principal Collections Series of Asset Pool One Notes with a Series Available Principal Collections Shortfall for such Monthly Period Period, and applied such Shared Excess Available Principal Collections allocable to Series 2013-1 shall be distributed or deposited on the applicable Note Transfer Date dates and in the immediately succeeding Monthly Periodorder of priority provided for under Sections 4.05(b)(i)-(iii). Shared Excess Available Principal Collections allocable to the CHASEseries Series 2013-1 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2013-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2013-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool in Shared Excess Available Principal Collections Group One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2013-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group One, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal 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 Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group One.

Appears in 1 contract

Samples: Indenture Supplement (Dryrock Issuance Trust)

Shared Excess Available Principal Collections. (a) Series 2007-1 shall be included in Shared Excess Available Principal Collections from each Series Group A for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group A to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 2007-1 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2007-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2007-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2007-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group A.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust)

Shared Excess Available Principal Collections. (a) Shared Excess Available Principal Collections from each Series of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseriesONEseries. Shared Excess Available Principal Collections allocable to the CHASEseries ONEseries with respect to any Monthly Period shall be treated as CHASEseries ONEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. (b) Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes to cover the applicable Series Available Principal Collections Shortfalls, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries ONEseries with respect to any Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries ONEseries for such Monthly Period; providedPROVIDED, howeverHOWEVER, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes for such Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries ONEseries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries ONEseries for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series of Asset Pool One Notes, any Shared Excess Available Principal Collections for each Series of Asset Pool One Notes for any Monthly Period which will remain after application pursuant to clause (b) above shall be treated as part of the Asset Pool One Reinvestment Amount for the First Note Transfer Date in the next succeeding Monthly Period. The Shared Excess Available Principal Collections from Series of Asset Pool One Notes will not be available for application by Series of Notes that are not Asset Pool One Notes.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

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Shared Excess Available Principal Collections. (a) Series 201[_]-[_] shall be included in Shared Excess Available Principal Collections from each Series Group [A/B] for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group [A/B] to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 201[_]-[_] with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 201[_]-[_] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [A/B] for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 201[_]-[_] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [A/B] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 201[_]-[_] for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group [A/B], any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group [A/B] for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group [A/B].

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)

Shared Excess Available Principal Collections. (a) Series 20[_]-[_] shall be included in Shared Excess Available Principal Collections from each Series Group [A/B] for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group [A/B] to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 20[_]-[_] with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 20[_]-[_] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [A/B] for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 20[_]-[_] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group [A/B] for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 20[_]-[_] for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group [A/B], any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group [A/B] for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group [A/B].

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)

Shared Excess Available Principal Collections. (a) Series 201[ ]-[ ] shall be included in Shared Excess Available Principal Collections from each Series Group A for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group A to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 201[ ]-[ ] with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 201[ ]-[ ] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 201[ ]-[ ] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 201[ ]-[ ] for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group A.

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)

Shared Excess Available Principal Collections. (a) Series 2005-[__] shall be included in Shared Excess Available Principal Collections from each Series Group A for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group A to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 2005-[__] with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2005-[__] for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2005-[__] with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2005-[__] for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group A.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust)

Shared Excess Available Principal Collections. (a) Series 2007-2 shall be included in Shared Excess Available Principal Collections from each Series Group A for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group A to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 2007-2 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2007-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2007-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2007-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group A.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust)

Shared Excess Available Principal Collections. (a) Series 2008-1 shall be included in Shared Excess Available Principal Collections from each Series Group A for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group A to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 2008-1 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2008-1 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2008-1 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2008-1 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group A.

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing CORP v LLC)

Shared Excess Available Principal Collections. (a) Series 2013-2 shall be included in Shared Excess Available Principal Collections from each Series Group A for the purpose of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. sharing Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly PeriodCollections. (b) Unless otherwise provided pursuant to the terms of Section 4.12 of the Indenture, Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes within Shared Excess Available Principal Collections Group A to cover the applicable Series Available Principal Collections ShortfallsShortfalls for such Monthly Period, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Shared Excess Available Principal Collections Series with a Series Available Principal Collections Shortfall for such Monthly Period. Shared Excess Available Principal Collections allocable to the CHASEseries Series 2013-2 with respect to any each Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries Series 2013-2 for such Monthly Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such each Monthly Period is less than the Aggregate Series Available Principal Collections Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries Series 2013-2 with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series of Asset Pool One Notes in Shared Excess Available Principal Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries Series 2013-2 for such Monthly Period and the denominator of which is the Aggregate Series Available Principal Collections Shortfall for such Monthly Period. (c) Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period. Shared Excess Available Principal Collections will not be available for application by other Series of Notes that are not included in Shared Excess Available Principal Collections Group A.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust II)

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