Common use of Targeted Deposits to the Class D Reserve Account Clause in Contracts

Targeted Deposits to the Class D Reserve Account. (a) The aggregate deposit targeted to be made to the Class D Reserve Account with respect to each Distribution Date is an amount equal to the sum of Class D Reserve sub-Account deposits, if any, targeted to be made for each specified Tranche of Class D Notes. The amount of any such deposit, the aggregate amount targeted to be on deposit after giving effect to any such deposit and the circumstances that require that a deposit be made will be set forth in the Terms Document for such Tranche of Class D Notes. Unless another time is specified for making such deposits in the Terms Document for each such Tranche of Class D Notes, these deposits will be made on each Distribution Date. (b) If the amount of funds available for a Distribution Date pursuant to Section 3.01(j) is at least equal to the aggregate amount of the deposits targeted by clause (a) above, then the full amount of each such deposit will be made. (c) If the amount of funds available for a Distribution Date pursuant to Section 3.01(j) is less than the aggregate amount of deposits targeted by clause (a) above, then the amount available will be allocated to each Tranche of Class D Notes to the extent of its targeted deposit to the applicable Class D Reserve sub-Account pro rata based on the ratio of the Floating Allocation Amount for such Monthly Period for such Tranche of Class D Notes to the Floating Allocation Amount for such Monthly Period for all the Class D Notes in the Card Series that have a targeted deposit to its Class D Reserve sub-Account for such Monthly Period; provided, however, that any excess identified in this clause (c), including in the application of this proviso, will be allocated to each Tranche of Class D Notes which has a remaining targeted deposit to its Class D Reserve sub-Account up to the amount of such remaining targeted deposit pro rata based on the ratio of the Floating Allocation Amount for such Monthly Period for such Tranche of Class D Notes to the Floating Allocation Amount for such Monthly Period for all the Class D Notes in the Card Series that have a remaining targeted deposit to its Class D Reserve sub-Account for such Monthly Period.

Targeted Deposits to the Class D Reserve Account. (a) The aggregate deposit targeted to be made to the Class D Reserve Account with respect to each Distribution Date Monthly Period is an amount equal to the sum of Class D Reserve subSub-Account deposits, if any, targeted to be made for each specified Tranche of Class D NotesNotes on the applicable Transfer Date in the immediately succeeding Monthly Period. The amount of any such deposit, the aggregate amount targeted to be on deposit after giving effect to any such deposit and the circumstances that require that a deposit be made will be set forth in the Terms Document for such Tranche of Class D Notes. Unless another time is specified for making such deposits in the Terms Document for each such Tranche of Class D Notes, these deposits will be made on each Distribution Dateapplicable Transfer Date for such Tranche of Class D Notes. (b) If If, as determined on each Determination Date, the amount of funds which will be available on the applicable Transfer Date for a Distribution Date Tranche of Class D Notes pursuant to clause (f) of Section 3.01(j) 3.02 is at least equal to the aggregate amount of the deposits targeted by clause (a) above, then the full amount of each such deposit will be made. (c) If If, as determined on each Determination Date, the amount of funds which will be available on the applicable Transfer Date for a Distribution Date Tranche of Class D Notes pursuant to clause (f) of Section 3.01(j) 3.02 is less than the aggregate amount of deposits targeted by clause (a) above, then the amount available will be allocated to each Tranche of Class D Notes to the extent of its targeted deposit to the applicable Class D Reserve subSub-Account pro rata based on the ratio of the Nominal Liquidation Amount of such Tranche used in the SynchronySeries Floating Allocation Amount Percentage for such the immediately preceding Monthly Period for such Tranche to the Nominal Liquidation Amount of all Tranches of Class D Notes to used in the SynchronySeries Floating Allocation Amount Percentage for such the immediately preceding Monthly Period for all the Class D Notes in the Card Series that have a targeted deposit to its respective Class D Reserve subSub-Account for such Monthly PeriodAccount; provided, however, that any excess identified in this clause (c), including in the application of this proviso, will be further allocated to each Tranche of Class D Notes which has a remaining targeted deposit to its Class D Reserve subSub-Account up to the amount of such remaining targeted deposit pro rata based on the ratio of the Floating Allocation Nominal Liquidation Amount for such Monthly Period for of such Tranche of Class D Notes used in the SynchronySeries Floating Allocation Percentage for the immediately preceding Monthly Period to the Floating Allocation Nominal Liquidation Amount for such Monthly Period for of all the Tranches of Class D Notes used in the Card Series that have a remaining targeted deposit to its Class D Reserve sub-Account SynchronySeries Floating Allocation Percentage for such the immediately preceding Monthly Period.

Targeted Deposits to the Class D Reserve Account. (a) The aggregate deposit targeted to be made to the Class D Reserve Account with respect to each Distribution Transfer Date is an amount equal to the sum of Class D Reserve sub-Account deposits, if any, targeted to be made for each specified Tranche of Class D Notes. The amount of any such deposit, the aggregate amount targeted to be on deposit after giving effect to any such deposit and the circumstances that require that a deposit be made will be set forth in the Terms Document for such Tranche of Class D Notes. Unless another time is specified for making such deposits in the Terms Document for each such Tranche of Class D Notes, these deposits will be made on each Distribution Transfer Date. (b) If the amount of funds available for a Distribution Transfer Date pursuant to Section 3.01(jsubsection 4.01(g) is at least equal to the aggregate amount of the deposits targeted by clause (a) above, then the full amount of each such deposit will be made. (c) If the amount of funds available for a Distribution Transfer Date pursuant to Section 3.01(jsubsection 4.01(g) is less than the aggregate amount of deposits targeted by clause (a) above, then the amount available will be caused to be allocated by the Issuer to each Tranche of Class D Notes to the extent of its targeted deposit to the applicable Class D Reserve sub-Account pro rata based on the ratio of the Floating Weighted Average Available Funds Allocation Amount for such Monthly Period for such Tranche of Class D Notes for the related Monthly Period to the Floating Weighted Average Available Funds Allocation Amount for such Monthly Period for all the Class D Notes in for the Card Series related Monthly Period that have a targeted deposit to its Class D Reserve sub-Account for such Monthly PeriodAccount; provided, however, that any excess identified in this clause (c), including in the application of this proviso, will be caused to be allocated by the Issuer to each Tranche of Class D Notes which has a remaining targeted deposit to its Class D Reserve sub-Account up to the amount of such remaining targeted deposit pro rata (based on the ratio of the Floating Weighted Average Available Funds Allocation Amount for such Monthly Period for such Tranche of Class D Notes for the related Monthly Period to the Floating Weighted Average Available Funds Allocation Amount for such Monthly Period for all the Class D Notes in the Card Series that have with a remaining targeted deposit to its Class D Reserve sub-Account for such the related Monthly Period).

Targeted Deposits to the Class D Reserve Account. (a) The aggregate deposit targeted to be made to the Class D Reserve Account with respect to each Distribution Date is an amount equal to the sum of Class D Reserve sub-Account deposits, if any, targeted to be made for each specified Tranche of Class D Notes. The amount of any such deposit, the aggregate amount targeted to be on deposit after giving effect to any such deposit and the circumstances that require that a deposit be made will be set forth in the Terms Document terms document for such Tranche of Class D Notes. Unless another time is specified for making such deposits in the Terms Document terms document for each such Tranche of Class D Notes, these deposits will be made on each Distribution Date. (b) If the amount of funds available for a Distribution Date pursuant to Section 3.01(j) is at least equal to the aggregate amount of the deposits targeted by clause (a) above, then the full amount of each such deposit will be made. (c) If the amount of funds available for a Distribution Date pursuant to Section 3.01(j) is less than the aggregate amount of deposits targeted by clause (a) above, then the amount available will be allocated to each Tranche of Class D Notes to the extent of its targeted deposit to the applicable Class D Reserve sub-Account pro rata based on the ratio of the Floating Allocation Amount for such Monthly Period for such Tranche of Class D Notes to the Floating Allocation Amount for such Monthly Period for all the Class D Notes in the Card Series that have a targeted deposit to its Class D Reserve sub-Account for such Monthly Period; provided, however, that any excess identified in this clause (c), including in the application of this proviso, will be allocated to each Tranche of Class D Notes which has a remaining targeted deposit to its Class D Reserve sub-Account up to the amount of such remaining targeted deposit pro rata (based on the ratio of the Floating Allocation Amount for such Monthly Period for such Tranche of Class D Notes to the Floating Allocation Amount for such Monthly Period for all the Class D Notes in the Card Series that have a remaining targeted deposit to its Class D Reserve sub-Account for such Monthly Period).