Excess Funding Account. The amounts in the Excess Funding Account exceed 30% of the sum of the “Adjusted Invested Amounts” of all Series for three consecutive Collection Periods, after giving effect to any payments to be made on each related Payment Date; or
Excess Funding Account. The Trustee, for the benefit of the Holders, shall establish and maintain or cause to be established and maintained in the name of the Trustee on behalf of the Trust, with a Qualified Institution, a segregated trust account (the “Excess Funding Account”). The Excess Funding Account will bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Holders, and the Trustee shall have sole dominion and control over and possess all right, title and interest in all funds on deposit from time to time in the Excess Funding Account and in all proceeds thereof. Pursuant to the authority granted to the Servicer in Section 3.01(b), the Servicer shall have the power, revocable by the Trustee, to make withdrawals and payments from the Excess Funding Account and to instruct the Trustee to make withdrawals and payments from the Excess Funding Account for the purposes of carrying out the Servicer’s or the Trustee’s duties hereunder. At the written direction of the Servicer, funds on deposit in the Excess Funding Account to be invested shall be invested by the Trustee in Permitted Investments, selected by the Servicer, that will mature so that funds will be available at the close of business on the next Business Day. All such Permitted Investments shall be held by the Trustee for the benefit of the Holders. The Trustee shall maintain for the benefit of the Holders possession of the negotiable instruments or securities, if any, evidencing such Permitted Investments. On each Business Day, the Servicer shall determine the amount by which the Transferor Interest exceeds the Minimum Transferor Interest on such date and shall instruct the Trustee to withdraw any such excess from the Excess Funding Account on such day and pay such amount to the Holder of the Transferor Certificate. Notwithstanding the foregoing, no funds shall be withdrawn from the Excess Funding Account for distribution to the Holder of the Transferor Certificate on any day if immediately after giving effect to such withdrawal the aggregate Principal Receivables in the Trust would be less than the Minimum Aggregate Principal Receivables. On each Determination Date, the Servicer shall instruct the Trustee to withdraw on the next succeeding Transfer Date from the Excess Funding Account and deposit in the Collection Account all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Excess Funding Account, for application as...
Excess Funding Account. (a) Any funds on deposit in the Excess Funding Account at the beginning of the Accumulation Period or upon the occurrence of an Early Amortization Event shall be deposited in the Principal Funding Account. In addition, no funds shall be deposited in the Excess Funding Account during the Accumulation Period or any Early Amortization Period.
Excess Funding Account. (a) Any funds on deposit in the Excess Funding Account on the September 2002 Distribution Date will be deposited in the Principal Funding Account on such date. No funds will be deposited in the Excess Funding Account during any Early Amortization Period. Additionally, no amounts will be deposited in the Excess Funding Account with respect to any Collection Period following the March 2003 Collection Period.
Excess Funding Account. (a) In addition to any other amounts permitted or required to be deposited into the Excess Funding Account pursuant to the Basic Documents, at the direction of the Residual Interestholder to the Servicer, Owner Trustee and Indenture Trustee, any amounts otherwise distributable to the Residual Interestholder pursuant to the terms of this Agreement, the Indenture (including any Series Supplement) and the Trust Agreement, shall be deposited into the Excess Funding Account.
Excess Funding Account. 27 SECTION 4.13
Excess Funding Account. Any Principal Collections or Finance Charge Collections not allocated and paid to Transferor because of the limitations contained in subsections 4.7(a)(iv)(B), 4.7(b)(iv)(B) and 4.7(c)(ii)(B) and any amounts allocable to the Investor Certificates deposited in the Principal Account pursuant to subsection 2.4(d)(iii) ("Unallocated Principal Collections") shall be held in the Excess Funding Account and, prior to the commencement of the Controlled Accumulation Period, the Principal Payment Period or the Rapid Amortization Period shall be paid to Transferor when, and only to the extent that, the Transferor Interest is greater than zero. For each Transfer Date with respect to the Controlled Accumulation Period, the Principal Payment Period or the Rapid Amortization Period, any such Unallocated Principal Collections held in the Excess Funding Account on such Transfer Date shall be included in the Investor Principal Collections which to the extent available shall be distributed as Available Investor Principal Collections to be applied pursuant to Section 4.11 on such Transfer Date. With respect to the Investor Certificates, and notwithstanding anything in the Agreement or this Series Supplement to the contrary, if at any time Servicer is required to make daily deposits from the Collection Account into the Finance Charge Account or the Principal Account pursuant to subsections 4.7(a), 4.7(b) and 4.7(c) with respect to any Monthly Period:
Excess Funding Account. (a) Any funds on deposit in the Excess Funding Account upon the occurrence of an Early Amortization Event or the giving of notice that BCI has elected not to extend the Initial Principal Payment Date will be deposited in the Collection Account for application as Available Investor Principal Collections. In addition, no funds will be deposited in the Excess Funding Account during any Early Amortization Period or any Initial Amortization Period.
Excess Funding Account. On the Business Day immediately following the last day of the Revolving Period, an amount equal to the Series 2003-VFN-A Excess Funding Amount as of the last day of the Revolving Period will be withdrawn from the Excess Funding Account and deposited in the Principal Funding Account on such date and distributed in accordance with Section 4.6(b). Thereafter, the Series 2003-VFN-A Holders will not be entitled to any funds on deposit in the Excess Funding Account.
Excess Funding Account. (a) On the Distribution Date next following the end of the revolving period for a series of Notes, any funds (other than investment earnings) on deposit in the Excess Funding Account that are allocable to such series of Notes shall be distributed to the Indenture Trustee for application under the Indenture Supplement for such series of Notes.
