Daily Allocations. The portion of Aggregate Daily Collections allocated to the VFC Certificateholders pursuant to Article III of the Agreement shall be allocated and distributed as set forth in this Article III. (i) On each Business Day, an amount equal to the Accrued Expense Amount for such day shall be transferred from the Series 1998-1 Collection Subaccount to the Series 1998-1 Non-Principal Collection Sub-subaccount; provided that funds representing any portion of the Accrued Expense Amount which constitute Program Costs or Unreserved Interest shall only be transferred to the extent that, after giving effect to the transfer of such amounts and the deposit of any remaining Collections to the Series 1998-1 Principal Collection Sub-subaccount, the Target Receivables Amount would not exceed the Allocated Receivables Amount. (ii) Following the transfers pursuant to clause (i) above, any remaining funds on deposit in the Series 1998-1 Collection Subaccount shall be transferred to the Series 1998-1
Appears in 2 contracts
Sources: Pooling Agreement (Specialty Foods Acquisition Corp), Pooling Agreement (Specialty Foods Corp)