Common use of Excess Servicing Clause in Contracts

Excess Servicing. The Servicer shall by written instruction cause the Trustee to apply to the extent not already so distributed, on each Distribution Date, Excess Servicing with respect to the Collection Period immediately preceding such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the aggregate amount of Investor Charge-Offs which have not been previously reimbursed as provided in Section 4.08 hereof (after giving effect to the allocation on such Distribution Date of any amount for that purpose pursuant to Section 4.08(a) hereof) shall be treated as a portion of Available Investor Principal Collections with respect to such Distribution Date; (b) an amount equal to the aggregate outstanding amounts of any Monthly Servicing Fees which have been previously waived pursuant to Section 3.01 hereof and which have not been previously paid pursuant to this Section 4.09(b) shall be distributed to the Servicer; and (c) the balance, if any, shall be distributed (or otherwise made available) to the Holder(s) of the BCRC Certificate and any Supplemental Certificate(s), pro rata in accordance with the respective percentage interests thereof.

Excess Servicing. The Servicer shall by written ---------------- instruction cause the Trustee to apply to the extent not already so distributed, on each Distribution Date, Excess Servicing with respect to the Collection Period immediately preceding such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the aggregate amount of Investor Charge-Offs which have not been previously reimbursed as provided in Section 4.08 hereof (after giving effect to the allocation on such Distribution Date of any amount for that purpose pursuant to Section 4.08(a) hereof) shall be treated as a portion of Available Investor Principal Collections with respect to such Distribution Date; (b) an amount equal to the aggregate outstanding amounts of any Monthly Servicing Fees which have been previously waived pursuant to Section 3.01 hereof and which have not been previously paid pursuant to this Section 4.09(b) shall be distributed to the Servicer; and (c) the balance, if any, shall be distributed (or otherwise made available) to the Holder(s) of the BCRC Certificate and any Supplemental Certificate(s), pro rata in accordance with the respective percentage interests --- ---- thereof.

Excess Servicing. The Servicer shall by written instruction cause the Trustee to apply to the extent not already so distributedapply, on each Distribution Date, commencing with the Initial Distribution Date, Excess Servicing with respect to the Collection Period immediately preceding such Distribution Date, to make the following distributions in the following priority: (a) an amount equal to the aggregate amount of Investor Charge-Offs which have not been previously reimbursed as provided in Section 4.08 hereof 4.09 (after giving effect to the allocation on such Distribution Date of any amount for that purpose pursuant to Section 4.08(a) hereof4.09) shall be treated as a portion of Available Investor Principal Collections with respect to such Distribution Date; (b) an amount equal to the aggregate outstanding amounts of any the Certificateholders Monthly Servicing Fees Fee which have been previously waived pursuant to Section 3.01 hereof and which have not been previously paid pursuant to this Section 4.09(b) shall be distributed to the Servicer; (c) an amount necessary to increase the Available Subordinated Amount to the Required Subordinated Amount shall be distributed to the Seller; and (cd) the balance, if any, shall be distributed (or otherwise made available) to the Holder(s) of the BCRC Certificate and any Supplemental Certificate(s), pro rata in accordance with the respective percentage interests thereofconstitute Excess Spread.