Common use of Allocations of Reductions from Investor Charge-Offs to the Nominal Liquidation Amount due to Investor Charge-Offs Clause in Contracts

Allocations of Reductions from Investor Charge-Offs to the Nominal Liquidation Amount due to Investor Charge-Offs. (a) On each Distribution Date when there is an Investor Charge-Off with respect to the related Monthly Period, the amount of such Investor Charge-Off will be allocated on that date to each Class of Series 2008-2 Notes as set forth in this Section 3.04. The amount of each Investor Charge-Off will be allocated to each Class of Series 2008-2 Notes to reduce its Nominal Liquidation Amount. If such allocation (or any portion of it) would reduce the Nominal Liquidation Amount of a Class of Series 2008-2 Notes below zero, the amount that would cause the Nominal Liquidation Amount to be reduced below zero will be allocated (subject to the restriction set forth in this sentence) to other Classes of Series 2008-2 Notes. In no event will the Nominal Liquidation Amount (after giving effect to this clause (a)) of any Class of Series 2008-2 Notes be reduced below zero.

Allocations of Reductions from Investor Charge-Offs to the Nominal Liquidation Amount due to Investor Charge-Offs. (a) On each Distribution Date when there is an Investor Charge-Off with respect to the related Monthly Period, the amount of such Investor Charge-Off will be allocated on that date to each Class of Series 2008-2 1 Notes as set forth in this Section 3.04. The amount of each Investor Charge-Off will be allocated to each Class of Series 2008-2 1 Notes to reduce its Nominal Liquidation Amount. If such allocation (or any portion of it) would reduce the Nominal Liquidation Amount of a Class of Series 2008-2 1 Notes below zero, the amount that would cause the Nominal Liquidation Amount to be reduced below zero will be allocated (subject to the restriction set forth in this sentence) to other Classes of Series 2008-2 1 Notes. In no event will the Nominal Liquidation Amount (after giving effect to this clause (a)) of any Class of Series 2008-2 1 Notes be reduced below zero.

Allocations of Reductions from Investor Charge-Offs to the Nominal Liquidation Amount due to Investor Charge-Offs. (a) On each Distribution Date when there is an Investor Charge-Off with respect to the related Monthly Period, the amount of such Investor Charge-Off will be allocated on that date to each Class of Series 2008-2 3 Notes as set forth in this Section 3.04. The amount of each Investor Charge-Off will be allocated to each Class of Series 2008-2 3 Notes to reduce its Nominal Liquidation Amount. If such allocation (or any portion of it) would reduce the Nominal Liquidation Amount of a Class of Series 2008-2 3 Notes below zero, the amount that would cause the Nominal Liquidation Amount to be reduced below zero will be allocated (subject to the restriction set forth in this sentence) to other Classes of Series 2008-2 3 Notes. In no event will the Nominal Liquidation Amount (after giving effect to this clause (a)) of any Class of Series 2008-2 3 Notes be reduced below zero.

Allocations of Reductions from Investor Charge-Offs to the Nominal Liquidation Amount due to Investor Charge-Offs. (a) On each Distribution Date when there is an Investor Charge-Off with respect to the related Monthly Period, the amount of such Investor Charge-Off will be allocated on that date to each Class of Series 20082007-2 1 Notes as set forth in this Section 3.04. The amount of each Investor Charge-Off will be allocated to each Class of Series 20082007-2 1 Notes to reduce its Nominal Liquidation Amount. If such allocation (or any portion of it) would reduce the Nominal Liquidation Amount of a Class of Series 20082007-2 1 Notes below zero, the amount that would cause the Nominal Liquidation Amount to be reduced below zero will be allocated (subject to the restriction set forth in this sentence) to other Classes of Series 20082007-2 1 Notes. In no event will the Nominal Liquidation Amount (after giving effect to this clause (a)) of any Class of Series 20082007-2 1 Notes be reduced below zero.