Investor Charge-Offs. On each Determination Date, the Servicer shall calculate the Investor Defaulted Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Investor Defaulted Amount for such Distribution Date exceeds the amount available therefor pursuant to Section 4.04(a)(v) with respect to such Due Period, the Invested Amount will be reduced by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date (such reduction, an "INVESTOR CHARGE-OFF").
Appears in 3 contracts
Samples: Household Private Label Credit Card Master Note Trust I, Hrsi Funding Inc Ii, Hrsi Funding Inc Ii
Investor Charge-Offs. On each Determination Date, the Servicer shall calculate the Investor Defaulted Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Investor Defaulted Amount for such Distribution Date exceeds the amount available therefor pursuant to Section 4.04(a)(v4.04(a)(iv) with respect to such Due Period, the Invested Amount will be reduced by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date (such reduction, an "INVESTOR CHARGE-OFF").
Appears in 3 contracts
Samples: Hrsi Funding Inc Ii, Hrsi Funding Inc Ii, Household Consumer Loan Corp Ii
Investor Charge-Offs. On each Determination Date, the Servicer shall calculate the Investor Defaulted Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Investor Defaulted Amount for such Distribution Date exceeds the amount available therefor pursuant to Section 4.04(a)(v) with respect to such Due Period, the Invested Amount will be reduced by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date (such reduction, an "INVESTOR CHARGEInvestor Charge-OFFoff").
Appears in 2 contracts
Samples: Household Affinity Funding Corp Iii, Household Affinity Funding Corp Iii
Investor Charge-Offs. On each Determination Date, the Servicer shall calculate the Investor Defaulted Amount, if any, Default Amount and any Uncovered Dilution Amount for the related Distribution Date. If, on any Distribution Date, the sum of the Investor Defaulted Default Amount and any Uncovered Dilution Amount for such Distribution Date exceeds the amount available therefor of Available Finance Charge Collections allocated with respect thereto pursuant to Section 4.04(a)(v) with respect to such Due PeriodDistribution Date, the Invested Collateral Amount will be reduced (but not below zero) by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date excess (such reduction, an "INVESTOR CHARGE“Investor Charge-OFF"Off”).
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Samples: Transfer and Servicing Agreement (First National Funding LLC)
Investor Charge-Offs. On each Determination Date, the Servicer shall calculate the Investor Defaulted Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Investor Defaulted Amount for such Distribution Date the related Due Period exceeds the amount available therefor pursuant to Section 4.04(a)(v4.04(a)(iv) with respect to such Due Period, the Invested Amount will be reduced by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date (such reduction, an "INVESTOR CHARGEInvestor Charge-OFFoff").
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Investor Charge-Offs. On each Determination Date, the -------------------- Servicer shall calculate the Investor Defaulted Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Investor Defaulted Amount for such Distribution Date the related Due Period exceeds the amount available therefor pursuant to Section 4.04(a)(v) with respect to such Due Period, the Invested Amount will be reduced by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date (such reduction, an "INVESTOR CHARGE-OFFInvestor Charge --------------- Off"). --- Section 4.06.
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Investor Charge-Offs. On each Determination Date, the Servicer shall calculate the Investor Defaulted Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Investor Defaulted Amount for such Distribution Date exceeds the amount available therefor pursuant to Section 4.04(a)(v4.04(a)(iv) with respect to such Due Period, the Invested Amount will be reduced by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date (such reduction, an "INVESTOR CHARGEInvestor Charge-OFFoff").
Appears in 1 contract
Samples: Household Affinity Funding Corp Iii
Investor Charge-Offs. On each Determination Date, the -------------------- Servicer shall calculate the Investor Defaulted Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Investor Defaulted Amount for such Distribution Date the related Due Period exceeds the amount available therefor pursuant to Section 4.04(a)(v4.04(a)(iv) with respect to such Due Period, the Invested Amount will be reduced by the amount of such excess, but not by more than the Investor Defaulted Amount for such Distribution Date (such reduction, an "INVESTOR CHARGEInvestor -------- Charge-OFFoff").. ----------
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