Common use of Shared Principal Collections Clause in Contracts

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 Principal Collections for the Series 2001-3 Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 2001-3 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 Principal Collections for the Series 2001-3 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

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Shared Principal Collections. Shared Principal Collections allocated to Available Series 20011998-3 Principal Collections for the Series 20011998-3 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011998-3 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-1998- 3 Principal Collections for the Series 20011998-3 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20011998-3 2 Principal Collections for the Series 20011998-3 2 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011998-3 2 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20011998-3 2 Principal Collections for the Series 20011998-3 2 Securities shall be zero.

Appears in 1 contract

Samples: Series 1998 (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20012002-3 Principal Collections for the Series 20012002-3 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20012002-3 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20012002-3 Principal Collections for the Series 20012002-3 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 1999- Principal Collections for the Series 2001-3 1999- Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Credit Enhancement Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 2001-3 1999- Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 1999- Principal Collections for the Series 2001-3 1999- Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001[-3 ] Principal Collections for the Series 2001[-3 ] Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 2001[-3 ] Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001[-3 ] Principal Collections for the Series 2001[-3 ] Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 2 Principal Collections for the Series 2001-3 2 Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 2001-3 2 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 2 Principal Collections for the Series 2001-3 2 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 Investor Principal Collections for the Series 20011997-3 Securities 2 Certificates and to be applied to Class A Principal, Class B Principal, Class C Principal and Excess Collateral Monthly Class D Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011997-3 Securities 2 Certifi- xxxxx for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 Investor Principal Collections for the Series 20011997-3 Securities 2 Certificates shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20011999-3 1 Principal Collections for the Series 20011999-3 1 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011999-3 1 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20011999-3 1 Principal Collections for the Series 20011999-3 1 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20012002-3 4 Principal Collections for the Series 20012002-3 4 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20012002-3 4 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20012002-3 4 Principal Collections for the Series 20012002-3 4 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 1 Principal Collections for the Series 2001-3 1 Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 2001-3 1 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 1 Principal Collections for the Series 2001-3 1 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20011998-3 1 Principal Collections for the Series 2001-3 1998- 1 Securities and to be applied to Class A Principal, Class B Principal, CTO Principal and Excess Collateral Monthly Class D Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount be equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011998-3 1 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20011998-3 1 Principal Collections for the Series 20011998-3 1 Securities shall be zero.

Appears in 1 contract

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

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 Investor Principal Collections for the Series 20011997-3 Securities 1 Certificates and to be applied to Class A Principal, Class B Principal, Class C Principal and Excess Collateral Monthly Class D Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011997-3 Securities 1 Certificates for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 Investor Principal Collections for the Series 20011997-3 Securities 1 Certificates shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20011998-3 Principal Collections for the Series 20011998-3 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011998-3 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20011998-3 Principal Collections for the Series 20011998-3 Securities shall be zero.

Appears in 1 contract

Samples: Series 1998 (Metris Master Trust)

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Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 Investor Principal Collections for the Series 20011997-3 Securities 2 Certificates and to be applied to Class A Principal, Class B Principal, Class C Principal and Excess Collateral Monthly Class D Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011997-3 Securities 2 Certificates for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 Investor Principal Collections for the Series 20011997-3 Securities 2 Certificates shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20011999-3 2 Principal Collections for the Series 20011999-3 2 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011999-3 2 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20011999-3 2 Principal Collections for the Series 20011999-3 2 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20012000-3 2 Principal Collections for the Series 20012000-3 2 Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20012000-3 2 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20012000-3 2 Principal Collections for the Series 20012000-3 2 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20012000-3 1 Principal Collections for the Series 20012000-3 1 Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20012000-3 1 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20012000-3 1 Principal Collections for the Series 20012000-3 1 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20011998-3 2 Principal Collections for the Series 20011998-3 2 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20011998-3 2 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 1998- 2 Principal Collections for the Series 20011998-3 2 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 2001-3 4 Principal Collections for the Series 2001-3 4 Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 2001-3 4 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 2001-3 4 Principal Collections for the Series 2001-3 4 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20012000-3 Principal Collections for the Series 20012000-3 Securities and to be applied to Class A Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20012000-3 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20012000-3 Principal Collections for the Series 20012000-3 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20012004-3 1 Principal Collections for the Series 20012004-3 1 Securities and to be applied to Class A Principal, Principal and Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z4.9(c)(i)(y) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20012004-3 1 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20012004-3 1 Principal Collections for the Series 20012004-3 1 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Shared Principal Collections. Shared Principal Collections allocated to Available Series 20012004-3 2 Principal Collections for the Series 20012004-3 2 Securities and to be applied to Class A Principal, Class M Principal, Class B Principal and Excess Collateral Monthly Principal pursuant to subsection 4.9(c)(i)(z) of the Agreement for any Business Day with respect to the Amortization Period shall mean an amount equal to the product of (x) Shared Principal Collections for all Series for such Business Day and (y) a fraction, the numerator of which is the Principal Shortfall for the Series 20012004-3 2 Securities for such Business Day and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Business Day. For any Business Day with respect to the Revolving Period, Shared Principal Collections allocated to Available Series 20012004-3 2 Principal Collections for the Series 20012004-3 2 Securities shall be zero.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

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