Common use of Allocation for Series Clause in Contracts

Allocation for Series. On each Determination Date, Collections for the preceding Monthly Period shall be allocated to each Series as follows. Each Series' allocable share of such Collections in respect of Finance Charge Receivables, Principal Receivables and Principal Receivables in Defaulted Accounts, respectively, shall be determined by multiplying the aggregate amount of such Collections by such Investor Percentage with respect to such type of Receivables and such Monthly Period. Adjustment Payments and Unallocated Principal Collections shall be allocated on each Determination Date to each Series in the same manner as Collections of Principal Receivables. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, withdraw the required amounts from the Collection Account and deposit such amounts into the Principal Account or the Finance Charge Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of Article IV.

Allocation for Series. On each Determination Date, Collections for the preceding Monthly Period shall be allocated to each Series as follows. Each Series' ’ allocable share of such Collections in respect of Finance Charge Receivables, Principal Receivables and Principal Receivables in Defaulted Accounts, respectively, shall be determined by multiplying the aggregate amount of such Collections by such Investor Percentage with respect to such type of Receivables and such Monthly Period. Adjustment Payments and Unallocated Principal Collections shall be allocated on each Determination Date to each Series in the same manner as Collections of Principal Receivables. The Servicer shall, prior to the close of business on the day any Collections are deposited in into the Collection Account, withdraw the required amounts from the Collection Account and deposit such amounts into the Principal Account or the Finance Charge Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of Article IV.

Allocation for Series. On each Determination Date, Collections for the preceding Monthly Period shall be allocated to each Series as follows. Each Series' ’ allocable share of such Collections in respect of Finance Charge Receivables, Principal Receivables and Principal Receivables in Defaulted Accounts, respectively, shall be determined by multiplying the aggregate amount of such Collections by such Investor Percentage with respect to such type of Receivables and such Monthly Period. Adjustment Payments and Unallocated Principal Collections shall be allocated on each Determination Date to each Series in the same manner as Collections of Principal Receivables. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, withdraw the required amounts from the Collection Account and deposit such amounts into the Principal Account or the Finance Charge Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of Article IV.

Allocation for Series. On each Determination Date, Collections for the preceding Monthly Period shall be allocated to each Series as follows. Each Series' allocable share of such Collections in respect of Finance Charge Receivables, Principal Receivables and Principal Receivables in Defaulted Accounts, respectively, shall be determined by multiplying the aggregate amount of such Collections by such Investor Percentage with respect to such type of Receivables and such Monthly Period. Adjustment Payments and Unallocated Principal Collections shall be allocated on each Determination Date to each Series in the same manner as Collections of Principal Receivables. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, withdraw the required amounts from the Collection Account and deposit such amounts into the Principal Account or the Finance Charge Account or pay such amounts to the Holder of the Exchangeable Transferor Certificate in accordance with the provisions of Article IV.