Common use of Excess Funding Account Clause in Contracts

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. Any Principal Collections or Finance Charge Collections not allocated and paid to the 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) of the Agreement ("Unallocated Principal CollectionsUNALLOCATED 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 the 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 the 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. 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)(B4.7(b)(iv) 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. Any Principal Collections or Finance Charge Collections not allocated and paid to the 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) of the Agreement ("“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 the 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 the 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: