Common use of Additional Finance Charges Clause in Contracts

Additional Finance Charges. Subject to Section 4.05 of the Agreement, Additional Finance Charges with respect to the Series in Group One for any Distribution Date shall be allocated to Series 1997-3 in an amount equal to the product of (i) the aggregate amount of Additional Finance Charges with respect to all the Series in Group One for such Distribution Date and (ii) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1997-3 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 1997-3 for any Distribution Date shall be equal to the excess, if any, of (x) the full amount required to be paid pursuant to Section 4.05(a) (excluding Section 4.05(a)(xv)) on such Distribution Date over (y) Available Finance Charge Collections (excluding any Additional Finance Charges from other Series in Group One that are allocated to Series 1997-3 on such Distribution Date) with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Providian National Bank)

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Additional Finance Charges. Subject to Section 4.05 of the Agreement, Additional Finance Charges with respect to the Series in Group One for any Distribution Date shall be allocated to Series 1997-3 2 in an amount equal to the product of (i) the aggregate amount of Additional Finance Charges with respect to all the Series in Group One for such Distribution Date and (ii) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1997-3 2 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 1997-3 2 for any Distribution Date shall be equal to the excess, if any, of (x) the full amount required to be paid pursuant to Section 4.05(a) (excluding Section 4.05(a)(xv)) on such Distribution Date over (y) Available Finance Charge Collections (excluding any Additional Finance Charges from other Series in Group One that are allocated to Series 1997-3 2 on such Distribution Date) with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Providian National Bank)

Additional Finance Charges. Subject to Section 4.05 of the Agreement, Additional Finance Charges with respect to the Series in Group One for any Distribution Date shall be allocated to Series 1997-3 4 in an amount equal to the product of (i) the aggregate amount of Additional Finance Charges with respect to all the Series in Group One for such Distribution Date and (ii) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1997-3 4 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 1997-3 4 for any Distribution Date shall be equal to the excess, if any, of (x) the full amount required to be paid pursuant to Section 4.05(a) (excluding Section 4.05(a)(xv)) on such Distribution Date over (y) Available Finance Charge Collections (excluding any Additional Finance Charges from other Series in Group One that are allocated to Series 1997-3 4 on such Distribution Date) with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Providian National Bank)

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Additional Finance Charges. Subject to Section 4.05 of the Agreement, Additional Finance Charges with respect to the Series in Group One for any Distribution Date shall be allocated to Series 1997-3 1 in an amount equal to the product of (i) the aggregate amount of Additional Finance Charges with respect to all the Series in Group One for such Distribution Date and (ii) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1997-3 1 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Series in Group One for such Distribution Date. The "Finance Charge Shortfall" for Series 1997-3 1 for any Distribution Date shall be equal to the excess, if any, of (x) the full amount required to be paid pursuant to Section 4.05(a) (excluding Section 4.05(a)(xv)) on such Distribution Date over (y) Available Finance Charge Collections (excluding any Additional Finance Charges from other Series in Group One that are allocated to Series 1997-3 1 on such Distribution Date) with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Providian National Bank)

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