Common use of Coverage of Required Amount Clause in Contracts

Coverage of Required Amount. for the Series 1999-2 Securities. (a) To the extent that any amounts are on deposit in the Excess Funding Account or Pre-Funding Account on any Business Day, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsections 4.9(a)(i) through (xi) of the Agreement, Transferor Finance Charge Collections in an amount equal to the sum of (i) the excess of (x) the product of (a) the Base Rate, (b) the amounts on deposit in the Excess Funding Account and the Pre-Funding Account and (c) the number of days elapsed since the previous Business Day divided by the actual number of days in such year over (y) the aggregate amount of all earnings since the previous Business Day available from the Cash Equivalents in which funds on deposit in the Excess Funding Account and the Pre-Funding Account are invested (the "Negative Carry Amount") and (ii) the amount of unreimbursed claims on the Policy that have not been deposited in the Interest Funding Account pursuant to subsection 4.9(a)(vii) of the Agreement prior to such Business Day. (b) To the extent that on any Business Day payments are being made pursuant to any of subsections 4.9(a)(i) through (xi) of the Agreement, respectively, and the full amount to be paid pursuant to any such subsection receiving payments on such Business Day is not paid in full on such Business Day, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsections 4.9(a)(i) through (xi) of the Agreement, all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 1999-2 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Available Series 1999-2 Finance Charge Collections and Transferor Finance Charge Collections on such Business Day (the "Required Amount"). To the extent that on any Business Day on and after the day on which the Invested Amount is paid in full but prior to the Series 1999-2 Termination Date there are unreimbursed claims on the Policy, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsection 4.9(a)(vii) of the Agreement all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 1999-2 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Transferor Finance Charge Collections on such Business Day (the "Reimbursement Required Amount"). Excess Finance Charge Collections allocated to the Series 1999-2 Securities for any Business Day shall mean an amount equal to the product of (x) Excess Finance Charge Collections available from all other Series for such Business Day and (y) a fraction, the numerator of which is the Required Amount or Reimbursement Required Amount, as applicable, for such Business Day and the denominator of which is the aggregate amount of shortfalls in required amounts or other amounts to be paid from Finance Charge Collections for all Series for such Business Day.

Coverage of Required Amount. for the Series 19992000-2 1 Securities. (a) To the extent that any amounts are on deposit in the Excess Funding Account or Pre-Funding Account on any Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19992000-2 1 Finance Charge Collections in subsections 4.9(a)(i) through (xi) of the Agreement, Transferor Finance Charge Collections in an amount equal to the sum of (i) the excess of (x) the product of (a) the Base Rate, (b) the amounts on deposit in the Excess Funding Account and the Pre-Funding Account and (c) the number of days elapsed since the previous Business Day divided by the actual number of days in such year over (y) the aggregate amount of all earnings since the previous Business Day available from the Cash Equivalents in which funds on deposit in the Excess Funding Account and the Pre-Funding Account are invested (the "Negative Carry Amount") and (ii) the amount of unreimbursed claims on the Policy that have not been deposited in the Interest Funding Account pursuant to subsection 4.9(a)(vii) of the Agreement prior to such Business Day). (b) To the extent that on any Business Day payments are being made pursuant to any of subsections 4.9(a)(i) through (xix) of the Agreement, respectively, and the full amount to be paid pursuant to any such subsection receiving payments on such Business Day is not paid in full on such Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19992000-2 1 Finance Charge Collections in subsections 4.9(a)(i) through (xix) of the Agreement, all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 19992000-2 1 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Available Series 19992000-2 1 Finance Charge Collections and Transferor Finance Charge Collections on such Business Day (the "Required Amount"). To the extent that on any Business Day on and after the day on which the Invested Amount is paid in full but prior to the Series 1999-2 Termination Date there are unreimbursed claims on the Policy, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsection 4.9(a)(vii) of the Agreement all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 1999-2 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Transferor Finance Charge Collections on such Business Day (the "Reimbursement Required Amount"). Excess Finance Charge Collections allocated to the Series 19992000-2 1 Securities for any Business Day shall mean an amount equal to the product of (x) Excess Finance Charge Collections available from all other Series for such Business Day and (y) a fraction, the numerator of which is the Required Amount or Reimbursement Required Amount, as applicable, for such Business Day and the denominator of which is the aggregate amount of shortfalls in required amounts or other amounts to be paid from Finance Charge Collections for all Series for such Business Day.

Coverage of Required Amount. for the Series 19992004-2 1 Securities. (a) To the extent that any amounts are on deposit in the Excess Funding Account or Pre-Funding Account on any Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19992004-2 1 Finance Charge Collections in subsections 4.9(a)(i) through (xixii) of the Agreement, Transferor Finance Charge Collections in an amount equal to the sum of (i) the excess of (x) the product of (a) the Base Rate, (b) the amounts on deposit in the Excess Funding Account and the Pre-Funding Account and (c) the number of days elapsed since the previous Business Day divided by the actual number of days in such year over (y) the aggregate amount of all earnings since the previous Business Day available from the Cash Equivalents in which funds on deposit in the Excess Funding Account and the Pre-Funding Account are invested (the "Negative Carry Amount") and (ii) the amount of unreimbursed claims on the Policy that have not been deposited in the Interest Funding Account pursuant to subsection 4.9(a)(vii) of the Agreement prior to such Business Day. (b) To the extent that on any Business Day payments are being made pursuant to any of subsections 4.9(a)(i) through (xixii) of the Agreement, respectively, and the full amount to be paid pursuant to any such subsection receiving payments on such Business Day is not paid in full on such Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19992004-2 1 Finance Charge Collections in subsections 4.9(a)(i) through (xixii) (but not subsection 4.9(a)(ix) with respect to any Business Day prior to the first Business Day on which the amount on deposit in the Spread Account equals or exceeds the Ratings Target Percentage, and not subsection 4.9(a)(x)) of the Agreement, all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 19992004-2 1 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection (excluding subsection 4.9(a)(ix) with respect to any Business Day prior to the first Business Day on which the amount on deposit in the Spread Account equals or exceeds the Ratings Target Percentage, and excluding subsection 4.9(a)(x)) over the amount applied with respect thereto from Available Series 19992004-2 1 Finance Charge Collections and Transferor Finance Charge Collections on such Business Day (the "Required Amount"). To the extent that on any Business Day on and after the day on which the Invested Amount is paid in full but prior to the Series 19992004-2 1 Termination Date there are unreimbursed claims on the Policy, the Servicer shall apply, in the manner specified for application of Available Series 19992004-2 1 Finance Charge Collections in subsection 4.9(a)(vii) of the Agreement all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 19992004-2 1 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Transferor Finance Charge Collections on such Business Day (the "Reimbursement Required Amount"). Excess Finance Charge Collections allocated to the Series 19992004-2 1 Securities for any Business Day shall mean an amount equal to the product of (x) Excess Finance Charge Collections available from all other Series for such Business Day and (y) a fraction, the numerator of which is the Required Amount or Reimbursement Required Amount, as applicable, for such Business Day and the denominator of which is the aggregate amount of shortfalls in required amounts or other amounts to be paid from Finance Charge Collections for all Series for such Business Day.

Coverage of Required Amount. for the Series 19991997-2 Securities1 Certificates. (a) To the extent that any amounts are on deposit in the Excess Funding Account or Pre-Funding Account on any Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19991997-2 Finance Charge 1 Imputed Yield Collections in subsections 4.9(a)(i) through (xi) of the Agreementx), Transferor Finance Charge Imputed Yield Collections in an amount equal to the sum of (i) the excess of (x) the product of (a) the Base Rate, (b) the amounts on deposit in the Excess Funding Account and the Pre-Funding Account and (c) the number of days elapsed since the previous Business Day divided by the actual number of days in such year over (y) the aggregate amount of all earnings since the previous Business Day available from the Cash Equivalents in which funds on deposit in the Excess Funding Account and the Pre-Funding Account are invested (the "Negative Carry Amount") and (ii) the amount of unreimbursed claims on the Policy that have not been deposited in the Interest Funding Account pursuant to subsection 4.9(a)(vii) of the Agreement prior to such Business Day). (b) To the extent that on any Business Day payments are being made pursuant to any of subsections 4.9(a)(i) through (xi) of the Agreementx), respectively, and the full amount to be paid pursuant to any such subsection receiving payments on such Business Day is not paid in full on such Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19991997-2 Finance Charge 1 Imputed Yield Collections in subsections 4.9(a)(i) through (xi) of the Agreementx), all or a portion of the Excess Finance Charge Imputed Yield Collections from other Series with respect to such Business Day allocable to the Series 19991997-2 Securities 1 Certificates in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Available Series 19991997-2 Finance Charge 1 Imputed Yield Collections and Transferor Finance Charge Imputed Yield Collections on such Business Day (the "Required Amount"). To the extent that on any Business Day on and after the day on which the Invested Amount is paid in full but prior to the Series 1999-2 Termination Date there are unreimbursed claims on the Policy, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsection 4.9(a)(vii) of the Agreement all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 1999-2 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Transferor Finance Charge Collections on such Business Day (the "Reimbursement Required Amount"). Excess Finance Charge Imputed Yield Collections allocated to the Series 19991997-2 Securities 1 Certificates for any Business Day shall mean an amount equal to the product of (x) Excess Finance Charge Imputed Yield Collections available from all other Series for such Business Day and (y) a fraction, the numerator of which is the Required Amount or Reimbursement Required Amount, as applicable, for such Business Day and the denominator of which is the aggregate amount of shortfalls in required amounts or other amounts to be paid from Finance Charge Imputed Yield Collections for all Series for such Business Day.

Coverage of Required Amount. for the Series 19991997-2 Securities1 Certificates. (a) To the extent that any amounts are on deposit in the Excess Funding Account or the Pre-Funding Account on any Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19991997-2 1 Finance Charge Collections in subsections 4.9(a)(i) through (xixiv) of the Agreement, Transferor Finance Charge Collections in an amount (the "Negative Carry Amount") equal to the sum of (i) the excess of (x) the product of (a) the Base Rate, (b) the amounts on deposit in the Excess Funding Account and the Pre-Funding PreFunding Account and (c) the number of days elapsed since the previous Business Day divided by the actual number of days in such year over (y) the aggregate amount of all earnings since the previous Business Day available from the Cash Equivalents in which funds on deposit in the Excess Funding Account and the Pre-Funding Account are invested (the "Negative Carry Amount") and (ii) the amount of unreimbursed claims on the Policy that have not been deposited in the Interest Funding Account pursuant to subsection 4.9(a)(vii) of the Agreement prior to such Business Dayinvested. (b) To the extent that on any Business Day payments are being made pursuant to any of subsections 4.9(a)(i) through (xixiv) of the Agreement, respectively, and the full amount to be paid pursuant to any such subsection receiving payments on such Business Day is not paid in full on such Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19991997-2 1 Finance Charge Collections in subsections 4.9(a)(i) through (xixiv) of the Agreement, all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 19991997-2 Securities 1 Certificates in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Available Series 19991997-2 1 Finance Charge Collections and Transferor Finance Charge Collections on such Business Day (the "Required Amount"). To the extent that on any Business Day on and after the day on which the Invested Amount is paid in full but prior to the Series 1999-2 Termination Date there are unreimbursed claims on the Policy, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsection 4.9(a)(vii) of the Agreement all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 1999-2 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Transferor Finance Charge Collections on such Business Day (the "Reimbursement Required Amount"). Excess Finance Charge Collections allocated to the Series 19991997-2 Securities 1 Certificates for any Business Day shall mean an amount equal to the product of (x) Excess Finance Charge Collections available from all other Series for such Business Day and (y) a fraction, the numerator of which is the Required Amount or Reimbursement Required Amount, as applicable, for such Business Day and the denominator of which is the aggregate amount of shortfalls in required amounts or other amounts to be paid from Finance Charge Collections for all Series for such Business Day.

Coverage of Required Amount. for the Series 19991995-2 Securities.1 ------------------------------------------------- Certificates. ------------ (a) To the extent that any amounts are on deposit in the Excess Funding Account or Pre-Funding Account on any Business Day, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsections 4.9(a)(i) through (xi) of the Agreement, apply Transferor Finance Charge Interest Collections in an amount equal to the sum of (i) the excess of (x) the product of (a) the Base Rate, (b) the amounts on deposit in the Excess Funding Account Negative Carry Amount and the Pre-Principal Funding Account and (c) the number of days elapsed since the previous Investment Shortfall, if any, for such Business Day divided by the actual number of days in such year over (y) the aggregate amount of all earnings since the previous and any prior Business Day available from the Cash Equivalents in respect of which funds on deposit in the Excess Funding Account and the Pre-Funding Account are invested (the "Negative Carry Amount") and (ii) the amount of unreimbursed claims on the Policy that such amounts have not been deposited covered pursuant to this sentence in the manner specified for application of Series Available Interest Funding Account pursuant to subsection 4.9(a)(viiCollections in subsections 4.9(a)(i) of the Agreement prior to such Business Daythrough (xi). (b) To the extent that on any Business Day payments are being made pursuant to any of subsections 4.9(a)(i) through (xi) of the Agreement), respectively, and the full amount to be paid pursuant to any such subsection receiving payments on such Business Day is not paid in full on such Business Day, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsections 4.9(a)(i) through (xi) of the Agreement, apply all or a portion of the Excess Finance Charge Interest Collections from other Series with respect to such Business Day allocable to the Series 19991995-2 Securities 1 Certificates in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Available Series 19991995-2 Finance Charge 1 Interest Collections and Transferor Finance Charge Interest Collections (pursuant to subsection 4.10(a)) on such Business Day (the "Required Amount"). To the extent that on any Business Day on and after the day on which the Invested Amount is paid in full but prior to the Series 1999-2 Termination Date there are unreimbursed claims on the Policy, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsection 4.9(a)(vii) of the Agreement all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 1999-2 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Transferor Finance Charge Collections on such Business Day (the "Reimbursement Required Amount"). Excess Finance Charge Interest Collections allocated to the Series 19991995-2 Securities 1 Certificates for any Business Day shall mean an amount equal to the product of (x) Excess Finance Charge Interest Collections available from all other Series for such Business Day for the prior Monthly Period and (y) a fraction, the numerator of which is the Required Amount or Reimbursement Required Amount, as applicable, for such Business Day and the denominator of which is the aggregate amount of shortfalls in required amounts or other amounts to be paid from Finance Charge Interest Collections for all Series for such Business Day.

Coverage of Required Amount. for the Series 19991997-2 Securities1 Certificates. (a) To the extent that any amounts are on deposit in the Excess Funding Account or Pre-Funding Account on any Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19991997-2 Finance Charge 1 Imputed Yield Collections in subsections 4.9(a)(i) through (xi) of the Agreementix), Transferor Finance Charge Imputed Yield Collections in an amount equal to the sum of (i) the excess of (x) the product of (a) the Base Rate, (b) the amounts on deposit in the Excess Funding Account and the Pre-Funding Account and (c) the number of days elapsed since the previous Business Day divided by the actual number of days in such year over (y) the aggregate amount of all earnings since the previous Business Day available from the Cash Equivalents in which funds on deposit in the Excess Funding Account and the Pre-Funding Account are invested (the "Negative Carry Amount") and (ii) the amount of unreimbursed claims on the Policy that have not been deposited in the Interest Funding Account pursuant to subsection 4.9(a)(vii) of the Agreement prior to such Business Day). (b) To the extent that on any Business Day payments are being made pursuant to any of subsections 4.9(a)(i) through (xi) of the Agreementix), respectively, and the full amount to be paid pursuant to any such subsection receiving payments on such Business Day is not paid in full on such Business Day, the Servicer shall apply, in the manner specified for application of Available Series 19991997-2 Finance Charge 1 Imputed Yield Collections in subsections 4.9(a)(i) through (xi) of the Agreementix), all or a portion of the Excess Finance Charge Imputed Yield Collections from other Series with respect to such Business Day allocable to the Series 19991997-2 Securities 1 Certificates in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Available Series 19991997-2 Finance Charge 1 Imputed Yield Collections and Transferor Finance Charge Imputed Yield Collections on such Business Day (the "Required Amount"). To the extent that on any Business Day on and after the day on which the Invested Amount is paid in full but prior to the Series 1999-2 Termination Date there are unreimbursed claims on the Policy, the Servicer shall apply, in the manner specified for application of Available Series 1999-2 Finance Charge Collections in subsection 4.9(a)(vii) of the Agreement all or a portion of the Excess Finance Charge Collections from other Series with respect to such Business Day allocable to the Series 1999-2 Securities in an amount equal to the excess of the full amount to be allocated or paid pursuant to the applicable subsection over the amount applied with respect thereto from Transferor Finance Charge Collections on such Business Day (the "Reimbursement Required Amount"). Excess Finance Charge Imputed Yield Collections allocated to the Series 19991997-2 Securities 1 Certificates for any Business Day shall mean an amount equal to the product of (x) Excess Finance Charge Imputed Yield Collections available from all other Series for such Business Day and (y) a fraction, the numerator of which is the Required Amount or Reimbursement Required Amount, as applicable, for such Business Day and the denominator of which is the aggregate amount of shortfalls in required amounts or other amounts to be paid from Finance Charge Imputed Yield Collections for all Series for such Business Day.