Allocations of Finance Charge Collections. The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.
Allocations of Finance Charge Collections. The Issuer shall allocate to the Series 2012-1 Noteholders an amount equal to the product of (A) the Allocation Percentage and (B) the aggregate Finance Charge Collections processed on such Date of Processing and, subject to Section 4.15, shall deposit such amount into the Finance Charge Account; provided that, with respect to each Monthly Period falling in the Revolving Period (and with respect to that portion of each Monthly Period in the Controlled Accumulation Period falling on or after the day on which Collections of Principal Receivables equal to the related Controlled Deposit Amount have been allocated pursuant to Section 4.3(b)(ii) and deposited pursuant to Section 4.3(a)), Collections of Finance Charge Receivables shall be transferred into the Finance Charge Account only until such time as the aggregate amount so deposited equals the sum (the “Target Amount”) of (A) the fees payable to the Indenture Trustee, the Trustee and the Administrator on the related Payment Date, (B) the Monthly Interest on the related Payment Date, (C) if GE Capital or an Affiliate thereof is not the Servicer, the Noteholder Servicing Fee (and if GE Capital or an Affiliate thereof is the Servicer, then the Issuer covenants to pay directly to the Servicer as payment of the Noteholder Servicing Fee amounts that otherwise would have been transferred into the Finance Charge Account pursuant to this clause (C)), and (D) any amount required to be deposited in the Reserve Account and the Spread Account on the related Payment Date; provided further, that, notwithstanding the preceding proviso, if on any Business Day the Issuer determines that the Target Amount for a Monthly Period exceeds the Target Amount for that Monthly Period as previously calculated by Issuer, then (x) Issuer shall (on the same Business Day) inform Transferor of such determination, and (y) within two Business Days thereafter cause Transferor to deposit into the Finance Charge Account funds in an amount equal to the amount of Collections of Finance Charge Receivables allocated to the Noteholders for that Monthly Period but not deposited into the Finance Charge Account due to the operation of the preceding proviso (but not in excess of the amount required so that the aggregate amount deposited for the subject Monthly Period equals the Target Amount); and provided, further, that if on any Transfer Date the Free Equity Amount is less than the Minimum Free Equity Amount after giving effect to all transfers and dep...
Allocations of Finance Charge Collections. On each Date of Processing, the Issuer shall allocate to the Noteholders of the Series issued pursuant to this Indenture Supplement an amount equal to the product of (A) the Allocation Percentage and (B) the aggregate Finance Charge Collections processed on such Date of Processing. On or prior to 12:00 noon, New York City time, on each Transfer Date, the Issuer shall transfer from the Collection Account to the Finance Charge Account, an amount equal to the lesser of the Investor Finance Charge Collections for the preceding Monthly Period and the Required Finance Charge Deposit Amount for the preceding Monthly Period.
Allocations of Finance Charge Collections. To the Series 1999-3 Certificateholders and retain in the Collection Account for application or reallocation as provided herein an amount equal to the product of (A) the Series 1999-3 Floating Allocation Percentage and (B) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.
Allocations of Finance Charge Collections. On each Date of Processing, the Issuer shall allocate to the Noteholders of Series 2014-[—] an amount equal to the product of (A) the Allocation Percentage and (B) the aggregate Finance Charge Collections processed on such Date of Processing. At or prior to 12:00 noon, New York City time, on each Transfer Date, the Issuer shall transfer from the Collection Account to the Finance Charge Account, an amount equal to the lesser of the Available Finance Charge Collections for the preceding Monthly Period and the Required Finance Charge Deposit Amount for the preceding Monthly Period (excluding any portion of the Required Finance Charge Deposit Amount described in clauses (f) and (g) of the definition of Required Finance Charge Deposit Amount).
Allocations of Finance Charge Collections. The Servicer shall allocate to the Series 1997-One Certificateholders the following amounts as set forth below:
Allocations of Finance Charge Collections. The Servicer shall ----------------------------------------- allocate to the Series 2000-A Noteholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Allocation Percentage and (B) the aggregate Finance Charge Collections deposited in the Collection Account on such Deposit Date; provided, however, that with respect to the portion of each calendar month -------- ------- falling [after the LIBOR Determination Date and] in the Revolving Period or the Controlled Accumulation Period, such amount shall be retained in the Collection Account only until such time as the amount retained in the Collection Account pursuant to this subsection equals the sum of (1) the aggregate amount of Monthly Interest with respect to the Distribution Date in the immediately succeeding calendar month and (2) at any time that FCNB is not the Servicer, the Monthly Servicing Fee payable on the Distribution Date in the immediately succeeding calendar month and all accrued and unpaid Investor Monthly Servicing Fees with respect to prior calendar months; provided further, however, that notwithstanding the foregoing -------- ------- ------- proviso, the entire Allocation Percentage of Finance Charge Collections ------- shall be retained in the Collection Account on a daily basis if the [Excess Spread Percentage] for the preceding Calendar month is less than 3.00%.
Allocations of Finance Charge Collections. The Servicer shall allocate to the Series 1999-One Certificateholders the following amounts as set forth below:
Allocations of Finance Charge Collections. The Servicer shall allocate to the Series 2004-1 Noteholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Investor Percentage and (B) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date; provided, that, on any Deposit Day during the Revolving Period, the Servicer may, based upon the information provided in the latest Daily Report, withdraw, so long as the Floating Investor Percentage is not greater than 100%, (i) the excess (if any) of Finance Charge Collections on deposit in the Collection Account over the sum of (x) for the portion of Class A Note Principal Balance covered by an Interest Rate Swap Agreement, the accrued and unpaid Interest Rate Swap Payments owing by the Transferor (prorated daily without giving effect to any netting provisions in the applicable Interest Rate Swap Agreement ) plus (y) for the portion of the Class A Note Principal Balance that is not covered by an Interest Rate Swap Agreement, the accrued and unpaid Class A Monthly Interest on such portion of the Class A Note Principal Balance plus (z) the accrued and unpaid fees owing hereunder or under the Indenture, in each case through such Deposit Date since the prior Deposit Date.
Allocations of Finance Charge Collections. The Servicer shall allocate to the Series 2009-VFN Noteholders an amount equal to the product of (A) the Allocation Percentage and (B) the aggregate Finance Charge Collections processed on such Date of Processing and shall deposit such amount into the Finance Charge Account, provided that, with respect to each Monthly Period falling in the Revolving Period (and with respect to that portion of each Monthly Period in the Controlled Amortization Period falling on or after the day on which Collections of Principal Receivables equal to the related Controlled Amortization Amount have been allocated pursuant to clause 5.1(b)(ii)), so long as the Available Cash Collateral Amount is not less than the Required Cash Collateral Amount on such Date of Processing, Collections of Finance Charge Receivables shall be transferred into the Finance Charge Account only until such time as the aggregate amount so deposited equals the product of (x) [ ] and (y) the sum (the “Target Amount”).
