Common use of Allocation of CHASEseries Servicing Fee Shortfalls Clause in Contracts

Allocation of CHASEseries Servicing Fee Shortfalls. On each First Note Transfer Date if, after giving effect to payments to be made with respect to the prior Monthly Period pursuant to subsection 3.02(a), the Servicer has not received the full amount to be paid pursuant to subsection 3.02(b) with respect to such Monthly Period, the aggregate amount of such shortfall will be allocated to each Tranche of Outstanding CHASEseries Notes pro rata based on the ratio of the Nominal Liquidation Amount used for such Tranche in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly Period to the aggregate Nominal Liquidation Amount for all Outstanding Tranches of CHASEseries Notes used in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly Period.