Examples of Series Allocable Principal Collections in a sentence
The remainder of the portion of the Insolvency Proceeds allocated to Series Allocable Principal Collections shall be allocated to the Master Trust Seller’s Interest and shall be distributed on such Distribution Date to the Seller.
The remainder of the portion of the Insolvency Proceeds allocated to Series Allocable Principal Collections shall be allocated to the Master Trust Seller's Interest and shall be distributed on such Distribution Date to the Seller.
Series Allocable Principal Collections" and "Series Allocable Defaulted Amount" mean, with respect to the Offered Series and for any Monthly Period, the product of (a) the Series Allocation Percentage for the Offered Series and (b) the amount of collections of Finance Charge Receivables deposited in the Collection Account, the amount of collections of Principal Receivables deposited in the Collection Account and the amount of all Defaulted Amounts with respect to such Monthly Period, respectively.
The remainder of the portion of the Insolvency Proceeds allocated to Series Allocable Principal Collections shall be allocated to the Sellers' Interest and shall be released to the Seller on such Distribution Date.