Unallocated Principal Collections. Any Collections in respect of Principal Receivables or Finance Charge Receivables not allocated and paid to the Holder of the Seller Interest because of the limitations contained in subsections 4.05(a)(iv)(B), 4.05(b)(iv)(B), 4.05(c)(ii)(B) and 4.05(d)(ii)(B) and any amounts allocable to the Investor Certificates deposited in the Principal Account pursuant to subsections 2.04(d)(iii) and 4.03(c) ("Unallocated Principal Collections") shall be held in the Principal Account and, prior to the commencement of the Controlled Accumulation Period, the Rapid Accumulation Period or the Rapid Amortization Period shall be paid to the Holder of the Seller Interest if, and only to the extent that, the Seller Interest is greater than the Minimum Seller Interest. For each Transfer Date with respect to the Controlled Accumulation Period, the Rapid Accumulation Period or the Rapid Amortization Period, any such Unallocated Principal Collections held in the Principal Account on such Transfer Date shall be included in the Investor Principal Collections which to the extent available shall be distributed as Available Investor Principal Collections to be applied pursuant to Section 4.09 on such Transfer Date. With respect to the Investor Certificates, and notwithstanding anything in the Agreement or this Series Supplement to the contrary, whether or not the Servicer is required to make monthly or daily deposits from the Collection Account into the Finance Charge Account or the Principal Account pursuant to subsections 4.05(a), 4.05(b), 4.05(c) and 4.05(d), with respect to any Monthly Period (i) the Servicer will only be required to deposit Collections from the Collection Account into the Finance Charge Account or the Principal Account up to the required amount to be deposited into any such deposit account or, without duplication, distributed on or prior to the related Distribution Date to the Investor Certificateholders and (ii) if at any time prior to such Distribution Date the amount of Collections deposited in the Collection Account exceeds the amount required to be deposited pursuant to clause (i) above, the Servicer will be permitted to withdraw the excess from the Collection Account.
Unallocated Principal Collections. If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 1998-1 Notes on any Payment Date are in excess of the amount required to pay amounts due in respect of the Series 1998-1 Notes on such Payment Date in full, then any such excess Principal Collections shall be allocated to the Retained Distribution Account (provided that no Series 1998-1 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation). In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group II Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group II Collection Account or the Master Collateral Account, as applicable.
Unallocated Principal Collections. Any Collections in respect of Principal Receivables not allocated and paid to the Holder of the Seller Interest because of the limitations contained in subsections 4.05(a)(ii)(C) and 4.05(b)(ii)(B) and any amounts allocable to the Series 2001-D Certificate deposited in the Principal Account pursuant to subsections 2.04(d)(iii) and 4.03(c) (“Unallocated Principal Collections”) shall be held in the Principal Account and, except as provided in the following sentence, shall be paid to the Holder of the Seller Interest if, and only to the extent that, the Seller Interest is greater than the Minimum Seller Interest. For each Transfer Date with respect to any Note Accumulation Period (as defined in the Indenture), any such Unallocated Principal Collections held in the Principal Account on such Transfer Date shall be included in the Investor Principal Collections which to the extent available shall be distributed as Available Investor Principal Collections to be applied pursuant to Section 4.06 on such Transfer Date.
Unallocated Principal Collections. On each Distribution Date, (a) the Servicer shall allocate Excess Principal Collections (as described below) to each Series as set forth in the related Supplement and (b) the Servicer shall instruct the Trustee to withdraw from the Collection Account and pay, or make available, to the Depositor for the benefit of the Holder(s) of the BCRC Certificate and any Supplemental Certificates (i) an amount equal to the excess, if any, of (x) the aggregate amount for all outstanding Series of Principal Collections which the related Supplements specify are to be treated as "Excess Principal Collections" with respect to such Distribution Date over (y) the sum of (1) the aggregate amount for all outstanding Series which the related Supplements specify are "Principal Shortfalls" with respect to such Distribution Date and, without duplication and (2) the amount of Principal Collections distributable to the Holder of the Variable Funding Certificate pursuant to the related Supplement and (ii) the aggregate amount for all outstanding Series of that portion of Principal Collections which the related Supplements specify are to be allocated and paid to the Depositor for the benefit of the Holder(s) of the BCRC Certificate and any Supplemental Certificates with respect to such Distribution Date; provided, however, that, in the case of clauses (i) and (ii), such amounts shall be paid to the Depositor only if the Pool Balance for such Distribution Date (determined after giving effect to any Principal Receivables transferred to the Trust on such date) exceeds the Required Pool Balance for the immediately preceding Determination Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on the Distribution Date immediately following such Determination Date). The amount held in the Collection Account and not paid to the Depositor as a result of the proviso in the preceding sentence ("Unallocated Principal Collections") shall be paid to the Depositor at the time the Pool Balance exceeds the Required Pool Balance for the immediately preceding Determination Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on the Distribution Date immediately following such Determination Date); provided, however, that any Unallocated Principal Collections on deposit in the Collection Account at any time during which any Series is in its amortization period, accumulation period or Early Amortization Period shall be dee...
Unallocated Principal Collections. If, after giving effect to Section 5.2(d), Principal Collections allocated to any Series on any Distribution Date are in excess of the amount required to be paid in respect of such Series on such Distribution Date, then any such excess Principal Collections shall be allocated to the Retained Distribution Account, to the extent that the Retained Interest Amount, calculated as of such Distribution Date, equals or exceeds zero and such payment will not violate any restriction contained in this Indenture.
Unallocated Principal Collections. If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 2010-3 Notes are in excess of the amount required to pay amounts due in respect of the Series 2010-3 Notes on the next succeeding Payment Date in full, then any such excess Principal Collections shall be allocated in accordance with Section 4.7(a)(i)(E) or 4.7(b)(i)(E) of the Series 2010-3 Supplement, if applicable, otherwise to the Retained Distribution Account (provided that no Series 2010-3 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation). In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group VII Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group VII Collection Account or the Master Collateral Account, as applicable.
Unallocated Principal Collections. The sum of those Seller's Principal Collections retained in the Collection Account pursuant to Section 4.04(b) and those Excess Available Principal Amounts transferred to the Collection Account pursuant to Section 4.06(b)(ii) (such sum, the "Unallocated Principal Collections") shall be released to the Trust for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement at the time the Pool Balance (determined after giving effect to any Principal Receivables transferred to the Trust at such time) exceeds the Aggregate Series Nominal Liquidation Amount for the immediately preceding Determination Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on the Payment Date immediately following such Determination Date); provided, however, that any Unallocated Principal Collections on deposit in the Collection Account at any time during which any Series is not in its revolving period shall be deemed to be Miscellaneous Payments and shall be allocated to each Series as provided in Section 4.03(a).
Unallocated Principal Collections. If, after giving effect to Section 5.2(c), Principal Collections allocated to any Series on any Payment Date are in excess of the amount required to be paid in respect of such Series on such Payment Date, then any such excess Principal Collections shall be allocated to HVF or such other party as may be entitled thereto as set forth in any Series Supplement. If, on any date on which Principal Collections are allocated to HVF pursuant to this Section 5.2(d), there are unpaid Ford Reimbursement Obligations, HVF shall apply any such Principal Collections to pay such unpaid Ford Reimbursement Obligations by instructing the Trustee in writing to withdraw from the applicable Series Account and pay to Ford an amount equal to the lesser of such unpaid Ford Reimbursement Obligations and the amount of such Principal Collections allocated to HVF pursuant to this Section 5.2(d).
Unallocated Principal Collections. If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 2004-1 Notes on any Payment Date are in excess of the amount required to pay amounts due in respect of the Series 2004-1 Notes or to the Series 2004-1 Insurer on such Payment Date in full, then any such excess Principal Collections shall be allocated in accordance with Section 4.7(a)(i)(C) or 4.7(b)(i)(C) of the Series 2004-1 Supplement, if applicable, otherwise to the Retained Distribution Account (provided that no Series 2004-1 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation). In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group III Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group III Collection Account or the Master Collateral Account, as applicable.
Unallocated Principal Collections. If, after giving effect to Section 5.2(c), Principal Collections allocated to any Series on any Payment Date are in excess of the amount required to be paid in respect of such Series on such Payment Date, then any such excess Principal Collections shall be allocated to ZVF or such other party as may be entitled thereto as set forth in any Series Supplement.
