Adjustment Payment Shortfalls. An amount equal to the lesser of (x) any Available Series 2000-__ Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.6(a)(i) through (iv) and (y) an amount equal to the Floating Allocation Percentage of any adjustment payment which the Transferor is required but fails to make pursuant to subsection 3.9(a) of the Agreement shall be, (A) during the Revolving Period, treated as Shared Principal Collections, (B)(I) during the Accumulation Period, on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Funding Account, retained in the Principal Funding Account, and (II) during the Early Amortization Period, on and prior to the date on which the Class A Invested Amount is paid in full, deposited in the Collection Account, in each case for payment to the Class A Certificateholders to the extent required in accordance with subsections 4.4(a)(iii) and 4.6(c) and (C) on and after the date on which an amount equal to the Class A Invested Amount has been retained in the Principal Funding Account or the Class A Invested Amount has been paid in full, distributed to the Class B Certificateholders to the extent of the Class B Invested Amount.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Target Receivables Corp)
Adjustment Payment Shortfalls. An amount equal On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, to the lesser extent of (x) any Available Series 2000-__ Finance Charge 1997-1 Imputed Yield Collections remaining after giving effect to the withdrawals pursuant to subsections 4.6(a)(i4.9(a)(i) through (iv) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1997-1 Imputed Yield Collections and (y) an amount equal to the Floating Series Allocation Percentage of any adjustment payment Adjustment Payment which the Transferor is required but fails to make pursuant to subsection 3.9(a3.8(a) of the Agreement shall beAgreement, such amount, (Ai) during the Revolving Period, to be treated as Shared Principal Collections, (B)(Iii) during the Accumulation Period, Amortization Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Funding Account, retained to be deposited in the Principal Funding Account, Account for distribution to the Class A Certificateholders on the next Distribution Date and (IIiii) during the Early Amortization Period, on and prior after the day on which such deposit to the date on which Principal Account with respect to the Class A Invested Amount is paid in full, deposited in the Collection Account, in each case for payment has been made and on and prior to the Class A Certificateholders to the extent required in accordance with subsections 4.4(a)(iii) and 4.6(c) and (C) on and after the date day on which an amount equal to the Class A B Invested Amount has been retained is deposited in the Principal Funding Account or the Class A Invested Amount has been paid in full, distributed for payment to the Class B Certificateholders to on the extent of the Class B Invested Amountrelated Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fingerhut Companies Inc)
Adjustment Payment Shortfalls. An amount equal to the lesser of (x) any Available Series 2000-__ 1997-1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.6(a)(i) through (iv) and (y) an amount equal to the Floating Allocation Percentage of any adjustment payment which the Transferor is required but fails to make pursuant to subsection 3.9(a) of the Agreement shall be, (A) during the Revolving Period, treated as Shared Principal Collections, (B)(I) during the Accumulation Period, on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Funding Account, retained in the Principal Funding Account, and (II) during the Early Amortization Period, on and prior to the date on which the Class A Invested Amount is paid in full, deposited in the Collection Account, in each case for payment to the Class A Certificateholders to the extent required in accordance with subsections 4.4(a)(iii) and 4.6(c) and (C) on and after the date on which an amount equal to the Class A Invested Amount has been retained in the Principal Funding Account or the Class A Invested Amount has been paid in full, distributed to the Class B Certificateholders to the extent of the Class B Invested Amount.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Dayton Hudson Receivables Corp)
Adjustment Payment Shortfalls. An amount equal to the lesser of (x) any Available Series 2000-__ 1998-1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.6(a)(i) through (iv) and (y) an amount equal to the Floating Allocation Percentage of any adjustment payment which the Transferor is required but fails to make pursuant to subsection 3.9(a) of the Agreement shall be, (A) during the Revolving Period, treated as Shared Principal Collections, (B)(I) during the Accumulation Period, on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Funding Account, retained in the Principal Funding Account, and (II) during the Early Amortization Period, on and prior to the date on which the Class A Invested Amount is paid in full, deposited in the Collection Account, in each case for payment to the Class A Certificateholders to the extent required in accordance with subsections 4.4(a)(iii) and 4.6(c) and (C) on and after the date on which an amount equal to the Class A Invested Amount has been retained in the Principal Funding Account or the Class A Invested Amount has been paid in full, distributed to the Class B Certificateholders to the extent of the Class B Invested Amount.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Dayton Hudson Receivables Corp)
Adjustment Payment Shortfalls. An amount equal On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, to the lesser extent of (x) any Available Series 2000-__ 1998-A Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.6(a)(i4.9(a)(i) through (iviii), an amount equal to the lesser of (x) any such remaining Available Series 1998-A Finance Charge Collections and (y) an amount equal to the Floating Allocation Series 1998-A Percentage of any adjustment payment Adjustment Payment which the Transferor is required but fails to make pursuant to subsection 3.9(a3.8(a) of the Agreement shall beAgreement, such amount, (Ai) during the Revolving Period, to be treated as Shared Principal Collections, (B)(Iii) during the Accumulation Period, Amortization Period on and prior to the day on which an amount equal to the Class A Invested Amount is deposited in the Principal Funding Account, retained to be deposited in the Principal Funding Account, Account for distribution to the Class A Securityholders on the next Distribution Date and (IIiii) during the Early Amortization Period, on and prior after the day on which such deposit to the date on which Principal Account with respect to the Class A Invested Amount is paid in full, deposited in the Collection Account, in each case for payment has been made and on and prior to the Class A Certificateholders to the extent required in accordance with subsections 4.4(a)(iii) and 4.6(c) and (C) on and after the date day on which an amount equal to the Class A B Invested Amount has been retained in the Principal Funding Account or the Class A Invested Amount has been is paid in full, distributed to the Class B Certificateholders Securityholders, to the extent of be paid to the Class B Invested AmountSecurityholder.
Appears in 1 contract