Common use of Excess Finance Charge Collections Clause in Contracts

Excess Finance Charge Collections. Series 1999-3 shall be an Excess Allocation Series. Subject to Section 4.04 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 1999-3 in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 1999-3 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The "Finance Charge Shortfall" for Series 1999-3 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a)(i)-(iii) and subsections 4.07(a) through (d) on such Distribution Date over (b) the Series 1999-3 Allocable Finance Charge Collections applied on such Distribution Date.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Nextcard Inc), Pooling and Servicing Agreement (Nextcard Inc)

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Excess Finance Charge Collections. Series 19992012-3 shall be an Excess Allocation Series. Subject to Section 4.04 4.05 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 19992012-3 in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 19992012-3 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The "Finance Charge Shortfall" for Series 19992012-3 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a)(i)-(iii4.05(a), 4.05(b) and 4.05(c) and subsections 4.07(a) through (dj) on such Distribution Date over (band the full amount required to be paid, without duplication, pursuant to subsections 3.02(a)(iii) the Series 1999-3 Allocable Finance Charge Collections applied on such Distribution Date.and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Excess Finance Charge Collections. Series 19992011-3 1 shall be an Excess Allocation Series. Subject to Section 4.04 4.05 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 19992011-3 1 in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 19992011-3 1 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The "Finance Charge Shortfall" for Series 19992011-3 1 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a)(i)-(iii4.05(a), 4.05(b) and 4.05(c) and subsections 4.07(a) through (dj) on such Distribution Date over (band the full amount required to be paid, without duplication, pursuant to subsections 3.02(a)(iii) the Series 1999-3 Allocable Finance Charge Collections applied on such Distribution Date.and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Excess Finance Charge Collections. Series 19992016-3 E-II shall be an Excess Allocation Series. Subject to Section 4.04 4.05 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 19992016-3 E-II in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 19992016-3 E-II for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The "Finance Charge Shortfall" for Series 19992016-3 E-II for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a)(i)-(iii4.05(a) and subsections 4.07(a) through (df) on such Distribution Date over (b) the Series 1999-3 Allocable Investor Finance Charge Collections applied on such Distribution Dateallocated to Series 2016-E-II with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Excess Finance Charge Collections. Series 19992013-3 1 shall be an Excess Allocation Series. Subject to Section 4.04 4.05 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 19992013-3 1 in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 19992013-3 1 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The "Finance Charge Shortfall" for Series 19992013-3 1 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a)(i)-(iii4.05(a), 4.05(b) and 4.05(c) and subsections 4.07(a) through (dj) on such Distribution Date over (band the full amount required to be paid, without duplication, pursuant to subsections 3.02(a)(iii) the Series 1999-3 Allocable Finance Charge Collections applied on such Distribution Date.and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

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Excess Finance Charge Collections. Series 19992016-3 E-I shall be an Excess Allocation Series. Subject to Section 4.04 4.05 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 19992016-3 E-I in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 19992016-3 E-I for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The "Finance Charge Shortfall" for Series 19992016-3 E-I for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a)(i)-(iii4.05(a) and subsections 4.07(a) through (df) on such Distribution Date over (b) the Series 1999-3 Allocable Investor Finance Charge Collections applied on such Distribution Dateallocated to Series 2016-E-I with respect to the related Monthly Period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Excess Finance Charge Collections. Series 19991997-3 One shall be an Excess Allocation Series. Subject to Section 4.04 4.05 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 19991997-3 One in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 19991997-3 One for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The "Finance Charge Shortfall" for Series 19991997-3 One for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a)(i)-(iii) and subsections 4.07(a) through (dsubsection 4.05(a) on such Distribution Date over (b) the Series 1999-3 Allocable sum of (i) the Reallocated Investor Finance Charge Collections applied on and (ii) the amount of funds, if any, to be withdrawn from the Spread Account which, pursuant to subsection 4.12(c), are required to be included in Available Funds with respect to such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Compucredit Corp)

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