Common use of Excess Collateral Minimum Monthly Interest Clause in Contracts

Excess Collateral Minimum 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 distribute to the Excess Collateral Holder, on such Business Day, to the extent of any Available Series [-] Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series [-] Finance Charge Collections and (y) the excess of (1) the sum of Excess Collateral Minimum Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Excess Collateral Minimum Interest over (2) any amounts with respect thereto previously distributed to the Excess Collateral Holder on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Excess Collateral Minimum Interest that constitutes Excess Collateral Additional

Excess Collateral Minimum 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 Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, and distribute to the Excess Collateral Holder, on such Business Day, to the extent of any Available Series [2000-] 2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series [2000-] 2 Finance Charge Collections and (y) the excess of (1) the sum of Excess Collateral Minimum Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Excess Collateral Minimum Interest over (2) any amounts with respect thereto previously distributed to the Excess Collateral Holder on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Excess Collateral Minimum Interest that constitutes Excess Collateral AdditionalAdditional Interest shall be payable or distributable to Excess Collateral Holders only to the extent permitted by applicable law.

Excess Collateral Minimum 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 Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, and distribute to the Excess Collateral Holder, on such Business Day, to the extent of any Available Series [2001-] 2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series [2001-] 2 Finance Charge Collections and (y) the excess of (1) the sum of Excess Collateral Minimum Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Excess Collateral Minimum Interest over (2) any amounts with respect thereto previously distributed to the Excess Collateral Holder on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Excess Collateral Minimum Interest that constitutes Excess Collateral AdditionalAdditional Interest shall be payable or distributable to Excess Collateral Holders only to the extent permitted by applicable law.

Excess Collateral Minimum 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 Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, and distribute to the Excess Collateral Holder, on such Business Day, to the extent of any Available Series [2001-] 3 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series [2001-] 3 Finance Charge Collections and (y) the excess of (1) the sum of Excess Collateral Minimum Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Excess Collateral Minimum Interest over (2) any amounts with respect thereto previously distributed to the Excess Collateral Holder on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Excess Collateral Minimum Interest that constitutes Excess Collateral AdditionalAdditional Interest shall be payable or distributable to Excess Collateral Holders only to the extent permitted by applicable law.

Excess Collateral Minimum 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 Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, and distribute to the Excess Collateral Holder, on such Business Day, to the extent of any Available Series [2000-] 1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series [2000-] 1 Finance Charge Collections and (y) the excess of (1) the sum of Excess Collateral Minimum Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Excess Collateral Minimum Interest over (2) any amounts with respect thereto previously distributed to the Excess Collateral Holder on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Excess Collateral Minimum Interest that constitutes Excess Collateral AdditionalAdditional Interest shall be payable or distributable to Excess Collateral Holders only to the extent permitted by applicable law.

Excess Collateral Minimum 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 Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, and distribute to the Excess Collateral Holder, on such Business Day, to the extent of any Available Series [2000-] 3 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series [2000-] 3 Finance Charge Collections and (y) the excess of (1) the sum of Excess Collateral Minimum Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Excess Collateral Minimum Interest over (2) any amounts with respect thereto previously distributed to the Excess Collateral Holder on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Excess Collateral Minimum Interest that constitutes Excess Collateral AdditionalAdditional Interest shall be payable or distributable to Excess Collateral Holders only to the extent permitted by applicable law.

Excess Collateral Minimum 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 Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, and distribute to the Excess Collateral Holder, on such Business Day, to the extent of any Available Series [2001-] 1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series [2001-] 1 Finance Charge Collections and (y) the excess of (1) the sum of Excess Collateral Minimum Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Excess Collateral Minimum Interest over (2) any amounts with respect thereto previously distributed to the Excess Collateral Holder on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Excess Collateral Minimum Interest that constitutes Excess Collateral AdditionalAdditional Interest shall be payable or distributable to Excess Collateral Holders only to the extent permitted by applicable law.