Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which (a) the sum of (i) Monthly Interest for such Distribution Date, (ii) any Monthly Interest previously due but not deposited in the Interest Funding Account on a prior Distribution Date, (iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due but not deposited into the Interest Funding Account on a prior Distribution Date, (iv) the Certificateholders Monthly Servicing Fee for such Distribution Date, (v) the Investor Default Amount, if any, for such Distribution Date, (vi) the Series 1996-1 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, and (vii) the Net Trust Swap Payment, if any, with respect to such Distribution Date, exceeds (b) the sum of (i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and (ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Ford Credit Auto Loan Master Trust), Pooling and Servicing Agreement (Ford Credit Auto Receivables Corp)
Deficiency Amount. With respect to each Distribution ----------------- Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which: -----------------
(a) the sum of:
(i) Monthly Interest for such Distribution Date,
(ii) any Monthly Interest previously due but not deposited in distributed with respect to the Interest Funding Account Certificates on a prior Distribution Date,
(iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due (to the extent permitted under applicable law) but not deposited into distributed on the Interest Funding Account Certificates on a prior Distribution Date,
(iv) the Certificateholders Monthly Net Servicing Fee for such Distribution Date,
(v) the Investor Default Amount, if any, for such Distribution Date,, and
(vi) the Series 19961997-1 Investor Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, and
(vii) the Net Trust Swap Paymentexceeds, if any, with respect to such Distribution Date, exceeds (b) the sum of: ------- 24
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, ---- with respect to such Distribution Date Date, and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a4.07(a) hereof to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Bombardier Receivables Master Trust I), Pooling and Servicing Agreement (Bombardier Credit Receivables Corp)
Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) Monthly Interest for such Distribution Date,
(ii) any Monthly Interest previously due but not deposited in the Interest Funding Account on a prior Distribution Date,
(iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due but not deposited into the Interest Funding Account on a prior Distribution Date,
(iv) the Certificateholders Monthly Servicing Fee for such Distribution Date,
(v) the Investor Default Amount, if any, for such Distribution Date,
(vi) the Series 1996-1 2 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, Date and,
(vii) the Net Trust Swap Payment, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Ford Credit Auto Loan Master Trust), Pooling and Servicing Agreement (Ford Credit Auto Receivables Corp)
Deficiency Amount. With On each Determination Date, with respect to each the related Distribution Date (the "current Distribution Date, on the related Determination Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such the current Distribution Date,
(ii) any Monthly Interest previously due but for any prior Distribution Dates not deposited in distributed to the Interest Funding Account Certificateholders on a prior Distribution Date,
(iii) Additional Interest, if any, for such the current Distribution Date and any Additional Interest previously due but not deposited into the Interest Funding Account on a for any prior Distribution DateDate not distributed to the Certificateholders on such prior Distribution Date (but only to the extent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such the current Distribution Date,
(v) the Investor Default Amount, if any, Amount for such the current Distribution Date,, and
(vi) the Series 1996-1 [ ] Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds
(viib) the Net Trust Swap Paymentsum of Investor Non-Principal Collections for the current Distribution Date plus any Investment Proceeds, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust), Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust)
Deficiency Amount. With On each Determination Date, with respect to each Distribution Date, on the related Determination Payment Date (the "current Payment Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such Distribution the current Payment Date,
(ii) any Monthly Interest previously due but for any prior Payment Dates not deposited in distributed to the Interest Funding Account Certificateholders on a prior Distribution Payment Date,
(iii) Additional Interest, if any, for such Distribution the current Payment Date and any Additional Interest previously due for any prior Payment Date not distributed to the Certificateholders on such prior Payment Date (but not deposited into only to the Interest Funding Account on a prior Distribution Dateextent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such Distribution the current Payment Date,
(v) the Investor Default AmountAmount for the current Payment Date, if any, for such Distribution Date,and
(vi) the Series 19962003-1 2 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds
(viib) the Net Trust Swap Paymentsum of Investor Non-Principal Collections for the current Payment Date plus any Investment Proceeds, if any, with respect to such Distribution Payment Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (CDF Financing LLC)
Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such Distribution Date,
, (ii) any Monthly Interest previously due for any prior Distribution Dates required to be but not deposited in the Interest Funding Account on a prior Distribution Date,
, (iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due for any prior Distribution Dates required to be but not deposited into the Interest Funding Account on a prior Distribution DateDate (to the extent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such Distribution Date,
(v) the Investor Default Amount, if any, for such Distribution Date,, and
(vi) the Series 1996-1 Allocation Percentage of the amount amounts of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds
(vii) the Net Trust Swap Payment, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) of Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap ReceiptProceeds, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i)Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Deficiency Amount. With On each Determination Date, with respect to each the related Distribution Date (the "current Distribution Date, on the related Determination Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such the current Distribution Date,
(ii) any Monthly Interest previously due but for any prior Distribution Dates not deposited in distributed to the Interest Funding Account Certificateholders on a prior Distribution Date,
(iii) Additional Interest, if any, for such the current Distribution Date and any Additional Interest previously due but not deposited into the Interest Funding Account on a for any prior Distribution DateDate not distributed to the Certificateholders on such prior Distribution Date (but only to the extent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such the current Distribution Date,
(v) the Investor Default Amount, if any, Amount for such the current Distribution Date,, and
(vi) the Series 19962000-1 2 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds
(viib) the Net Trust Swap Paymentsum of Investor Non-Principal Collections for the current Distribution Date plus any Investment Proceeds, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Deficiency Amount. With On each Determination Date, with respect to each Distribution Date, on the related Determination Payment Date (the "current Payment Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such Distribution the current Payment Date,
(ii) any Monthly Interest previously due but for any prior Payment Dates not deposited in distributed to the Interest Funding Account Certificateholders on a prior Distribution Payment Date,
(iii) Additional Interest, if any, for such Distribution the current Payment Date and any Additional Interest previously due for any prior Payment Date not distributed to the Certificateholders on such prior Payment Date (but not deposited into only to the Interest Funding Account on a prior Distribution Dateextent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such Distribution the current Payment Date,
(v) the Investor Default AmountAmount for the current Payment Date, if any, for such Distribution Date,and
(vi) the Series 19962003-1 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds
(viib) the Net Trust Swap Paymentsum of Investor Non-Principal Collections for the current Payment Date plus any Investment Proceeds, if any, with respect to such Distribution Payment Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (CDF Financing LLC)
Deficiency Amount. With respect to each Distribution Date, ----------------- on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such Distribution Date,
(ii) any Monthly Interest previously due for any prior Distribution Dates required to be but not deposited in the Interest Funding Account on a prior Distribution Date,
(iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due for any prior Distribution Dates required to be but not deposited into the Interest Funding Account on a prior Distribution DateDate (to the extent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such Distribution Date,
(v) the Investor Default Amount, if any, for such Distribution Date,, and
(vi) the Series 1996-1 [ ] Allocation Percentage of the amount amounts of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds -------
(vii) the Net Trust Swap Payment, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) of Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap ReceiptProceeds, if any, with respect to ---- such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i)Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Deficiency Amount. With On each Determination Date, with respect to each the related Distribution Date (the "current Distribution Date, on the related Determination Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such the current Distribution Date,
(ii) any Monthly Interest previously due but for any prior Distribution Dates not deposited in distributed to the Interest Funding Account Certificateholders on a prior Distribution Date,
(iii) Additional Interest, if any, for such the current Distribution Date and any Additional Interest previously due but not deposited into the Interest Funding Account on a for any prior Distribution DateDate not distributed to the Certificateholders on such prior Distribution Date (but only to the extent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such the current Distribution Date,
(v) the Investor Default Amount, if any, Amount for such the current Distribution Date,, and
(vi) the Series 19962000-1 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds
(viib) the Net Trust Swap Paymentsum of Investor Non-Principal Collections for the current Distribution Date plus any Investment Proceeds, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which:
(a) the sum of:
(i) Monthly Interest for such Distribution Date,
(ii) any Monthly Interest previously due but not deposited in distributed with respect to the Interest Funding Account Certificates on a prior Distribution Date,
(iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due (to the extent permitted under applicable law) but not deposited into distributed on the Interest Funding Account Certificates on a prior Distribution Date,
(iv) the Certificateholders Monthly Net Servicing Fee for such Distribution Date,
(v) the Investor Default Amount, if any, for such Distribution Date,, and
(vi) the Series 19962000-1 Investor Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, and
(vii) the Net Trust Swap Paymentexceeds, if any, with respect to such Distribution Date, exceeds (b) the sum of:
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date Date, and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a4.07(a) hereof to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bombardier Receivables Master Trust I)
Deficiency Amount. With On each Determination Date, with respect to each the related Distribution Date (the "current Distribution Date, on the related Determination Date"), the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such the current Distribution Date,
(ii) any Monthly Interest previously due but for any prior Distribution Dates not deposited in distributed to the Interest Funding Account Certificateholders on a prior Distribution Date,
(iii) Additional Interest, if any, for such the current Distribution Date and any Additional Interest previously due but not deposited into the Interest Funding Account on a for any prior Distribution DateDate not distributed to the Certificateholders on such prior Distribution Date (but only to the extent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such the current Distribution Date,
(v) the Investor Default Amount, if any, Amount for such the current Distribution Date,, and
(vi) the Series 19962000-1 3 Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andDate exceeds
(viib) the Net Trust Swap Paymentsum of Investor Non-Principal Collections for the current Distribution Date plus any Investment Proceeds, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) Investor Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap Receipt, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust)
Deficiency Amount. With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which
(a) the sum of
(i) the Monthly Interest for such Distribution Date,
(ii) any Monthly Interest previously due for any prior Distribution Dates required to be but not deposited in the Interest Funding Account on a prior Distribution Date,
(iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due for any prior Distribution Dates required to be but not deposited into the Interest Funding Account on a prior Distribution DateDate (to the extent permitted by applicable law),
(iv) the Certificateholders Certificateholders' Monthly Servicing Fee for such Distribution Date,
(v) the Investor Series 1999-1 Default Amount, if any, for such Distribution Date,, and
(vi) the Series 19961999-1 Allocation Percentage of the amount amounts of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.09(a3.9(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Determination Date, andexceeds
(vii) the Net Trust Swap Payment, if any, with respect to such Distribution Date, exceeds (b) the sum of
(i) Investor of Series 1999-1 Non-Principal Collections for such Distribution Date plus any Investment Proceeds plus the Net Trust Swap ReceiptProceeds, if any, with respect to such Distribution Date and
(ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.08(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i)Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)