Common use of Withdrawal and Distribution of the Class A Principal Clause in Contracts

Withdrawal and Distribution of the Class A Principal. On the Class A Expected Final Payment Date, the Trustee shall withdraw, at the direction of the Servicer, all amounts then credited to the Class A Principal Funding Account. The Paying Agent shall distribute such amount withdrawn from the Class A Principal Funding Account, together with the amount withdrawn from the Class A Interest Funding Account on such Distribution Date pursuant to the last sentence in Section 6(b), in the following order of priority: (i) an amount equal to the Class A Principal on such Class A Expected Final Payment Date, shall be paid by the Paying Agent, as a payment of principal on the Class A Certificates, to the Class A Certificateholders; (ii) an amount equal to any amounts of Certificate Interest with respect to the Class A Certificates that are due to the Class A Certificateholders but have not been previously paid, shall be paid by the Paying Agent, as a payment of interest to the Class A Certificateholders; and (iii) any amounts being distributed pursuant to this Section 6(c) that remain after giving effect to the distributions described above in this subsection 6(c), shall be paid by the Paying Agent to the Seller.