Common use of Class B Monthly Interest Clause in Contracts

Class B Monthly Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, and deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class B Securityholders, to the extent of any Available Series 1999- Finance Charge Collections remaining after giving effect to the withdrawal pursuant to subsection 4.9(a)(i) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1999- Finance Charge Collections and (y) the excess of (1) the sum of Class B Monthly Interest and Carryover Class B Interest over (2) any amounts with respect thereto previously deposited into the Interest Funding Account on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Class B Interest that constitutes Class B Additional Interest shall be payable or distributable to Class B Securityholders only to the extent permitted by applicable law.

Class B Monthly Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first transfer from the Collection Account and then from the Payment Reserve Account, and deposit into the Interest Funding Finance Charge Account for distribution on the next Distribution Date to the Class B SecurityholdersCertificateholders, to the extent of any Available Series 1999- 2001-1 Finance Charge Collections remaining after giving effect to the withdrawal pursuant to subsection 4.9(a)(iSections 4.11(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1999- 2001-1 Finance Charge Collections and (y) the excess of (1) the sum of (A) the Class B Monthly Interest and (B) Carryover Class B Monthly Interest over (2) any amounts with respect thereto previously deposited into credited to the Interest Funding Finance Charge Account on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Class B Interest that constitutes Class B Additional Monthly Interest shall be payable or distributable to Class B Securityholders Certificateholders only to the extent permitted by applicable law.

Class B Monthly Interest. On each Business Busi ness Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, and deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class B SecurityholdersCertificateholders, to the extent of any Available Series 1999- 2000-1 Finance Charge Collections remaining after giving effect to the withdrawal pursuant to subsection 4.9(a)(i4.09(a)(i) of the Agreement, an amount equal to the lesser of (x) any such remaining re maining Available Series 1999- 2000-1 Finance Charge Collections and (y) the excess of (1) the sum of (A) the Class B Monthly Interest and (B) Carryover Class B Monthly Interest over (2) any amounts with respect thereto previously deposited into the Interest Funding Account on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Class B Interest that constitutes Class B Additional Monthly Interest shall be payable or distributable to Class B Securityholders Certificateholders only to the extent permitted by applicable law.

Class B Monthly Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Collection Account and then from the Payment Reserve Account, and deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class B SecurityholdersCertificateholders, to the extent of any Available Series 1999- 2000-__ Finance Charge Collections remaining after giving effect to the withdrawal pursuant to subsection 4.9(a)(i4.09(a)(i) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1999- 2000-__ Finance Charge Collections and (y) the excess of (1) the sum of (A) the Class B Monthly Interest and (B) Carryover Class B Monthly Interest over (2) any amounts with respect thereto previously deposited into the Interest Funding Account on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Class B Interest that constitutes Class B Additional Monthly Interest shall be payable or distributable to Class B Securityholders Certificateholders only to the extent permitted by applicable law.