Common use of Unallocated Principal Collections Clause in Contracts

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).