Common use of Class D Investor Default Amount Clause in Contracts

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Series1998-1 Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any x)any such remaining Series Available Interest Collections and (y) the y)the sum of (1) the 1)the aggregate Class D Investor Default Amount for such Business Day plus PLUS (2) the 2)the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid A)paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, (B) to B)to the extent allocated to Class D Principal pursuant to Section 4.7 Section4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date and (C) during C)during the Early Amortization Period prior to the date on which an amount equal to payment of the Class C Invested Amount has been deposited in the Principal Accountfull, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series Available 1998-2 Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to payment of the Class C Invested Amount has been deposited in the Principal Accountfull, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the ------------------------------- Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series Available 1996-2 Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default ---- Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders Certificate-holders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to payment of the Class C Invested Amount has been deposited in the Principal Accountfull, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the ------------------------------- Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series Available 1995-1 Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default ---- Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders Certificate-holders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to payment of the Class C Invested Amount has been deposited in the Principal Accountfull, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series Available 1996-2 Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders Certificate-holders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to payment of the Class C Invested Amount has been deposited in the Principal Accountfull, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series Available 1995-1 Interest Collections remaining after giving effect to the withdrawals with- drawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmounts, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Amortiza- tion Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections during the Early Amortization Period prior to the payment of the Class C Invested Amount in full, deposited in the Class D Subaccount of the Excess Funding Account, to be held until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series Available 1998-A Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Amortization Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Amortization Period or the Early Amortization Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to payment of the Class C Invested Amount has been deposited in the Principal Accountfull, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series Available 1998-1 Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to payment in full of the Class C Invested Amount has been deposited in the Principal AccountAmount, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to payment of the Class C Invested Amount has been deposited in the Principal Accountfull, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.