Investor Charge-Offs. (a) If, on any Distribution Date, the Floating Allocation Percentage of Yield Collections on deposit in the Collection Account remaining after the withdrawals and retentions required pursuant to subsections 4.08(a), (b), (c) and (d) is less than the Investor Default Amount for such Distribution Date, the Class B Invested Amount will be reduced by the amount by which such Investor Default Amount exceeds such remaining Yield Collections (a "Class B Investor Charge-Off").
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (American Express Centurion Bank), Pooling and Servicing Agreement (American Express Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp)
Investor Charge-Offs. (a) If, on any Distribution Date, the Floating Allocation Percentage of Available Yield Collections Funds on deposit in the Collection Account remaining after the withdrawals and retentions retention required pursuant to subsections 4.08(aSections 4.9(a), (b), (c), (d), (e), (f) and (dg) is less than the Investor Default Amount for such Distribution Date, the Class B C Invested Amount will be reduced by the amount by which such Investor Default Amount exceeds such remaining Available Yield Collections Funds (a "Class B C Investor Charge-Off").
Appears in 3 contracts
Samples: Master Pooling and Servicing Agreement (Yamaha Motor Receivables Corp), Pooling and Servicing Agreement (Yamaha Motor Receivables Corp), Pooling and Servicing Agreement (Yamaha Motor Master Trust)
Investor Charge-Offs. (a) If, on any Distribution Date, the Floating Allocation Percentage of Yield Collections on deposit in the Collection Account remaining after the withdrawals and retentions required pursuant to subsections 4.08(a4.8(a), (b), (c) and (d) is less than the Investor Default Amount for such Distribution Date, the Class B Invested Amount will be reduced by the amount by which such Investor Default Amount exceeds such remaining Yield Collections (a "Class B Investor Charge-Off").
Appears in 1 contract
Samples: Master Pooling and Servicing Agreement (American Express Receivables Financing Corp)
