Common use of Unpaid Class D Interest Clause in Contracts

Unpaid Class D Interest. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw from the Collection Account and deposit in the Interest Funding Account for distribution to the Class D Certificateholders on the next Distribution Date, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (xi), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the amount of interest which has accrued with respect to the outstanding aggregate principal amount of the Class D Certificates at the Class D Certificate Rate but which has not been deposited into the Interest Funding Account with respect to the Class D Certificateholders and (2) any additional interest (to the extent permitted by applicable law) at the Class D Certificate Rate accrued on interest that was due during a prior Monthly Period pursuant to this subsection but was not deposited in the Interest Funding Account or paid to the Class D Certificateholders.

Unpaid Class D Interest. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw from the Collection Account and deposit in the Interest Funding Account for distribution to the Class D Certificateholders on the next Distribution Date, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (xi), an amount equal to the lesser of (x) any x)any such remaining Series Available Interest Collections and (y) the y)the sum of (1) the 1)the amount of interest which has accrued with respect to the outstanding aggregate principal amount of the Class D Certificates at the Class D Certificate Rate but which has not been deposited into the Interest Funding Account with respect to the Class D Certificateholders and (2) any 2)any additional interest (to the extent permitted by applicable law) at the Class D Certificate Rate accrued on interest that was due during a prior Monthly Period pursuant to this subsection but was not deposited in the Interest Funding Account or paid to the Class D Certificateholders.