Common use of Shared Principal Collections Clause in Contracts

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the IndentureOn each Transfer Date, (a) Issuer shall allocate Shared Principal Collections allocable not previously so applied or paid to Series 2012-1 each applicable Principal Sharing Series, pro rata, in proportion to the Principal Shortfalls, if any, with respect to each such Series and (b) any Monthly Period will amounts representing Shared Principal Collections remaining after the allocations and applications referred to in clause (a) shall be released to the Issuer or its designee; provided, that, if, on any day the Free Equity Amount (determined after giving effect to any transfer of Principal Receivables to the Issuer on such day and calculated on a pro forma basis after giving effect to any payment of principal on the Notes to occur on or prior to the following Payment Date), is less than or equal to the product Minimum Free Equity Amount, or the Note Trust Principal Balance (determined after giving effect to any transfer of Principal Receivables to the Issuer on such day) is less than the Required Principal Balance (x) calculated on a pro forma basis after giving effect to any payment of principal on the aggregate amount of Shared Notes to occur on or prior to the following Payment Date and any adjustment in the numerators used to calculate the Allocation Percentages for Principal Collections with respect to all Principal Sharing any Series for such Monthly Period and (y) in connection with a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments principal payment to be made on or prior to the following Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 for Date), any date on which Shared Principal Collections are allocated pursuant that otherwise would be released to Section 8.5 the Issuer shall not be so released, but shall be deposited into the Excess Funding Account to the extent required so that the Free Equity Amount (determined after giving effect to any transfer of Principal Receivables to the Indenture will be equal Issuer on such day and calculated on a pro forma basis after giving effect to any payment of principal on the Notes to occur on or prior to the following Payment Date) is not less than the Minimum Free Equity Amount and the Note Trust Principal Balances (adetermined after giving effect to any transfer of Principal Receivables to the Issuer on such day) is not less than the Required Principal Balance (calculated on a pro forma basis after giving effect to any payment of principal on the Notes to occur on or prior to the following Payment Date and any adjustment in the numerators used to calculate the Allocation Percentages for any allocation date Principal Collections with respect to the Revolving Period any Series in connection with a principal payment to be made on or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(aDate)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.”

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 4 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 4 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 4 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122018-1 2 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122018-1 2 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122018-1 2 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 5 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 5 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 5 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 4.04 ---------------------------- of the IndentureAgreement, Shared Principal Collections allocable for any Distribution Date will be allocated to Series 20121998-1 with respect to any Monthly Period will be in an amount equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Distribution Date and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20121998-1 for such Monthly Period Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following Series for such Monthly PeriodDistribution Date. The “"Principal Shortfall” " for Series 20121998-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date Distribution Date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsPeriod, zero, (b) for any allocation date Distribution Date with respect to the Controlled Class A Accumulation PeriodPeriod and the Class B Amortization Period (but not including the Class B Expected Final Payment Date), the excess, if any, of the sum of (i) the Controlled Deposit Amount with respect to such Distribution Date and (ii) if such Distribution Date is the next Distribution Date immediately following the Class A Expected Final Payment Date Date, one-half of the Class B Initial Invested Amount, over the amount of Available ---- Investor Principal Collections for the related Monthly Period such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)Collections) and (c) for any allocation date Distribution Date with respect to the Early Amortization Period and for each Distribution Date on or after the earlier of (i) Class B Expected Final Payment Date, the end excess, if any, of the Monthly Period immediately preceding Invested Amount over the Expected amount of Available Investor ---- Principal Payment Collections for such Distribution Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note excluding any portion thereof attributable to Shared Principal BalanceCollections).

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 7 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 7 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 7 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122011-1 3 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122011-1 3 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122011-1 3 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122010-1 with respect to on any Monthly Period Transfer Date will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Transfer Date and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122010-1 for such Monthly Period Transfer Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following Series for such Monthly PeriodTransfer Date. The “Principal Shortfall” for Series 20122010-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date Transfer Date with respect to the Revolving Period or any allocation date Transfer Date during the Early Amortization Period prior to the Transfer Date relating to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date Transfer Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment such Transfer Date over the amount of Available Principal Collections for the related Monthly Period such Transfer Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date Transfer Date relating to any Payment Date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 6 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 6 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 6 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122017-1 2 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122017-1 2 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122017-1 2 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122011-1 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122011-1 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122011-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122014-1 with respect to on any Monthly Period Transfer Date will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Transfer Date and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122014-1 for such Monthly Period Transfer Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following Series for such Monthly PeriodTransfer Date. The “Principal Shortfall” for Series 20122014-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date Transfer Date with respect to the Revolving Period or any allocation date Transfer Date during the Early Amortization Period prior to the Transfer Date relating to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date Transfer Date with respect to the Controlled Accumulation Period, the excess, if any, of (i) the Controlled Deposit Amount with respect to the next following Payment Date over (ii) the amount of Available Principal Collections for the related Monthly Period such Transfer Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause clauses (xiiivi) and (vii) of Section 4.4(a)) and (c) for any allocation date Transfer Date relating to any Payment Date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the sum of the Note Principal BalanceBalance and the Principal Overcollateralization Amount with respect to such Transfer Date.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 20[●]-[●] with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 20[●]-[●] for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 20[●]-[●] for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 3 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 3 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 3 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122009-1 with respect to on any Monthly Period Transfer Date will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Transfer Date and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122009-1 for such Monthly Period Transfer Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following Series for such Monthly PeriodTransfer Date. The “Principal Shortfall” for Series 20122009-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date Transfer Date with respect to the Revolving Period or any allocation date Transfer Date during the Early Amortization Period prior to the Transfer Date relating to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date Transfer Date with respect to the Controlled Accumulation Period, the excess, if any, of (i) the Controlled Deposit Amount with respect to the next following Payment Date over (ii) the amount of Available Principal Collections for the related Monthly Period such Transfer Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause clauses (xiiivi) and (vii) of Section 4.4(a)) and (c) for any allocation date Transfer Date relating to any Payment Date on or after the 2009-1 Indenture Supplement earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the sum of the Note Principal BalanceBalance and the Principal Overcollateralization Amount.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 2 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 2 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 2 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122011-1 2 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122011-1 2 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122011-1 2 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122015-1 4 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122015-1 4 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122015-1 4 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 4.04 of the IndentureAgreement, Shared Principal Collections allocable for any Distribution Date shall be allocated to Series 20121997-1 with respect to any Monthly Period will be 4 in an amount equal to the product of (xi) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Distribution Date and (yii) a fraction, the numerator of which is the Principal Shortfall for Series 20121997-1 4 for such Monthly Period Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are for such Distribution Date. The "Principal Sharing Series, in each case Shortfall" for Series 1997-4 shall be equal to (w) for any Distribution Date with respect to payments the Revolving Period, zero, (x) for any Distribution Date with respect to be made the Class A Accumulation Period (on or prior to the Class A Expected Final Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation PeriodDate), the excess, if any, of the Class A Controlled Deposit Amount with respect to the next following Payment such Distribution Date over the amount of Available Principal Collections for the related Monthly Period such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections Collections), (y) for any Distribution Date with respect to the Class B Accumulation Period (on or amounts available prior to be treated as the Class B Expected Final Payment Date provided that the Class A Invested Amount was paid in full on the Class A Expected Final Payment Date), the excess, if any, of the Class B Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections pursuant for such Distribution Date (excluding any portion thereof attributable to clause (xiii) of Section 4.4(a)Shared Principal Collections) and (cz) for any allocation date Distribution Date with respect to the Early Amortization Period and any Distribution Date with respect to the Class A Accumulation Period or the Class B Accumulation Period commencing on or after the earlier of (i) the end of Distribution Date following the Monthly Period immediately preceding Class A Expected Final Payment Date if the Class A Invested Amount was not paid in full on the Class A Expected Principal Final Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsDistribution Date following the Class B Expected Final Payment Date, the Note excess, if any, of the Invested Amount over the amount of Available Principal BalanceCollections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122013-1 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122013-1 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122013-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122014-1 VFN[—] with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122014-1 VFN[—] for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122014-1 VFN[—] for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture Indenture, will be equal to (a) for any allocation date with respect to the Revolving Period if there is no outstanding Optional Amortization Amount or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Scheduled Final Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Amortization Period, the excess, if any, of the Controlled Deposit Payment Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period next following Payment Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiixviii) of Section 4.4(a)) and ), (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Scheduled Final Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance, and (d) for any allocation date with respect to the Revolving Period if there is any outstanding Optional Amortization Amount, the amount of any outstanding Optional Amortization Amount, over the amount of Available Principal Collections for the next following Payment Date (excluding any portion thereof attributable to Shared Principal Collections).

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 2012-1 2014-[—] with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 2012-1 2014-[—] for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 2014-[—] for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Period, if there is no outstanding Optional Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsAmount, zero, (b) for any allocation date with respect to the Controlled Accumulation Amortization Period, the excess, if any, of the Controlled Deposit Payment Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period next following Payment Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiixi) of Section 4.4(a)) ), and (c) for any allocation date on or after with respect to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsEarly Amortization Period, the Note Principal BalanceBalance and (d) for any allocation date with respect to the Revolving Period if there is any outstanding Optional Amortization Amount, the amount of any outstanding Optional Amortization Amount, over the amount of Available Principal Collections for the next following Payment Date (excluding any portion thereof attributable to Shared Principal Collections).

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122015-1 2 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122015-1 2 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122015-1 2 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122014-1 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122014-1 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122014-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 4.04 of the IndentureAgreement, Shared Principal Collections allocable for any Distribution Date shall be allocated to Series 20121997-1 with respect to any Monthly Period will be in an amount equal to the product of (xi) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Distribution Date and (yii) a fraction, the numerator of which is the Principal Shortfall for Series 20121997-1 for such Monthly Period Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are for such Distribution Date. The "Principal Sharing Series, in each case Shortfall" for Series 1997-1 shall be equal to (w) for any Distribution Date with respect to payments the Revolving Period, zero, (x) for any Distribution Date with respect to be made the Class A Accumulation Period (on or prior to the Class A Expected Final Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation PeriodDate), the excess, if any, of the Class A Controlled Deposit Amount with respect to the next following Payment such Distribution Date over the amount of Available Principal Collections for the related Monthly Period such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections Collections), (y) for any Distribution Date with respect to the Class B Accumulation Period (on or amounts available prior to be treated as the Class B Expected Final Payment Date provided that the Class A Invested Amount was paid in full on the Class A Expected Final Payment Date), the excess, if any, of the Class B Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections pursuant for such Distribution Date (excluding any portion thereof attributable to clause (xiii) of Section 4.4(a)Shared Principal Collections) and (cz) for any allocation date Distribution Date with respect to the Early Amortization Period and any Distribution Date with respect to the Class A Accumulation Period or the Class B Accumulation Period commencing on or after the earlier of (i) the end of Distribution Date following the Monthly Period immediately preceding Class A Expected Final Payment Date if the Class A Invested Amount was not paid in full on the Class A Expected Principal Final Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsDistribution Date following the Class B Expected Final Payment Date, the Note excess, if any, of the Invested Amount over the amount of Available Principal BalanceCollections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122015-1 3 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122015-1 3 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122015-1 3 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 20122016-1 with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 20122016-1 for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 20122016-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiiiix) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 4.03(e) of the IndentureAgreement, Shared Excess Principal Collections allocable for any Transfer Date will be allocated to Series 20122005-1 with respect to any Monthly Period will be in an amount equal to the product of (xa) the aggregate amount of Shared Excess Principal Collections with respect to all Principal Sharing Excess Allocation Series for such Monthly Period Transfer Date and (yb) a fraction, fraction the numerator of which is the Principal Shortfall for Series 20122005-1 for such Monthly Period Transfer Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Excess Allocation Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following for such Monthly PeriodTransfer Date. The “"Principal Shortfall” " for Series 20122005-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will shall be equal to (ai) for any allocation date Transfer Date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount full amount required to be deposited pursuant to subsection 4.04(b)(i) on such Transfer Date over the Available Principal Collections for such Transfer Date (excluding any portion thereof attributable to Excess Principal Collections), (ii) for any Transfer Date with respect to the next following Payment Controlled Amortization Period, the excess, if any, of the full amount required to be deposited, without duplication, pursuant to Section 4.04(c)(i) and (ii) on such Transfer Date over the amount of Available Principal Collections for the related Monthly Period such Transfer Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available Collections) and (iii) for any Distribution Date with respect to be treated as the Amortization Period, the excess, if any, of the Investor Interest with respect to such Distribution Date over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections). Excess Principal Collections remaining on any Transfer Date after payment of Principal Shortfalls for all Excess Allocation Series, and after any application of Excess Principal Collections as principal pursuant to clause (xiiiSection 4.11 or with respect to any other Excess Allocation Series that includes variable interests or variable funding certificates will be, first, deposited to the Funding Account in an amount up to the Funding Account Deficiency, if any, and, second, distributed to the Holder of the Transferor Interest or deposited in the Excess Funding Account in accordance with subsection 4.03(e) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal BalanceAgreement.

Shared Principal Collections. Subject to Section 8.5 4.04 of the IndentureAgreement, Shared Principal Collections allocable for any Distribution Date shall be allocated to Series 20121997-1 with respect to any Monthly Period will be 3 in an amount equal to the product of (xi) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Distribution Date and (yii) a fraction, the numerator of which is the Principal Shortfall for Series 20121997-1 3 for such Monthly Period Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are for such Distribution Date. The "Principal Sharing Series, in each case Shortfall" for Series 1997-3 shall be equal to (w) for any Distribution Date with respect to payments the Revolving Period, zero, (x) for any Distribution Date with respect to be made the Class A Accumulation Period (on or prior to the Class A Expected Final Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation PeriodDate), the excess, if any, of the Class A Controlled Deposit Amount with respect to the next following Payment such Distribution Date over the amount of Available Principal Collections for the related Monthly Period such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections Collections), (y) for any Distribution Date with respect to the Class B Accumulation Period (on or amounts available prior to be treated as the Class B Expected Final Payment Date provided that the Class A Invested Amount was paid in full on the Class A Expected Final Payment Date), the excess, if any, of the Class B Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections pursuant for such Distribution Date (excluding any portion thereof attributable to clause (xiii) of Section 4.4(a)Shared Principal Collections) and (cz) for any allocation date Distribution Date with respect to the Early Amortization Period and any Distribution Date with respect to the Class A Accumulation Period or the Class B Accumulation Period commencing on or after the earlier of (i) the end of Distribution Date following the Monthly Period immediately preceding Class A Expected Final Payment Date if the Class A Invested Amount was not paid in full on the Class A Expected Principal Final Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsDistribution Date following the Class B Expected Final Payment Date, the Note excess, if any, of the Invested Amount over the amount of Available Principal BalanceCollections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

Shared Principal Collections. Subject to Section 8.5 of the Indenture, Shared Principal Collections allocable to Series 201220[ ]-1 [ ] with respect to any Monthly Period will be equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period and (y) a fraction, the numerator of which is the Principal Shortfall for Series 201220[ ]-1 [ ] for such Monthly Period and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, in each case with respect to payments to be made on or prior to the Payment Date following such Monthly Period. The “Principal Shortfall” for Series 201220[ ]-1 [ ] for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to the next following Payment Date over the amount of Available Principal Collections for the related Monthly Period (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(a)) and (c) for any allocation date on or after the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal Balance.

Shared Principal Collections. Subject to Section 8.5 4.04 of the IndentureAgreement, Shared Principal Collections allocable for any Distribution Date shall be allocated to Series 20121997-1 with respect to any Monthly Period will be 2 in an amount equal to the product of (xi) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Monthly Period Distribution Date and (yii) a fraction, the numerator of which is the Principal Shortfall for Series 20121997-1 2 for such Monthly Period Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are for such Distribution Date. The "Principal Sharing Series, in each case Shortfall" for Series 1997-2 shall be equal to (w) for any Distribution Date with respect to payments the Revolving Period, zero, (x) for any Distribution Date with respect to be made the Class A Accumulation Period (on or prior to the Class A Expected Final Payment Date following such Monthly Period. The “Principal Shortfall” for Series 2012-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture will be equal to (a) for any allocation date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, zero, (b) for any allocation date with respect to the Controlled Accumulation PeriodDate), the excess, if any, of the Class A Controlled Deposit Amount with respect to the next following Payment such Distribution Date over the amount of Available Principal Collections for the related Monthly Period such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections Collections), (y) for any Distribution Date with respect to the Class B Accumulation Period (on or amounts available prior to be treated as the Class B Expected Final Payment Date provided that the Class A Invested Amount was paid in full on the Class A Expected Final Payment Date), the excess, if any, of the Class B Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections pursuant for such Distribution Date (excluding any portion thereof attributable to clause (xiii) of Section 4.4(a)Shared Principal Collections) and (cz) for any allocation date Distribution Date with respect to the Early Amortization Period and any Distribution Date with respect to the Class A Accumulation Period or the Class B Accumulation Period commencing on or after the earlier of (i) the end of Distribution Date following the Monthly Period immediately preceding Class A Expected Final Payment Date if the Class A Invested Amount was not paid in full on the Class A Expected Principal Final Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsDistribution Date following the Class B Expected Final Payment Date, the Note excess, if any, of the Invested Amount over the amount of Available Principal BalanceCollections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

Shared Principal Collections. Subject to Section 8.5 8.05 of the Indenture, Shared Principal Collections allocable to Series 2012-1 with respect to the Series in Principal Sharing Group One for any Monthly Period Distribution Date will be allocated to Series 2003-2 in an amount equal to the product of (xa) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series in Principal Sharing Group One for such Monthly Period Distribution Date and (yb) a fraction, the numerator of which is the Series 2003-2 Principal Shortfall for Series 2012-1 for such Monthly Period Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series, Series in each case with respect to payments to be made on or prior to the Payment Date following Principal Sharing Group One for such Monthly PeriodDistribution Date. The “"Series 2003-2 Principal Shortfall” for Series 2012-1 for any date on which Shared Principal Collections are allocated pursuant to Section 8.5 of the Indenture " will be equal to (a) for any allocation date Distribution Date with respect to the Revolving Period or any allocation date during the Early Amortization Period prior to the earlier of (i) the end of the Monthly Period immediately preceding the Expected Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periodsPeriod, zero, (b) for any allocation date Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for such Distribution Date and the Excess O/C Amount with respect to the next following Payment Due Period related to such Distribution Date over the amount of Available Investor Principal Collections for the related Monthly Period such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections or amounts available to be treated as Available Principal Collections pursuant to clause (xiii) of Section 4.4(aCollections)) , and (c) for any allocation date on or after Distribution Date with respect to the earlier of (i) Early Amortization Period, the end excess, if any, of the Monthly Adjusted Invested Amount over the amount of Available Investor Principal Collections for the Due Period immediately preceding the Expected related to such Distribution Date (excluding any portion thereof attributable to Shared Principal Payment Date and (ii) the date on which all outstanding Series are in early amortization periods, the Note Principal BalanceCollections).