Common use of Reimbursement of Class C Investor Charge-Off Clause in Contracts

Reimbursement of Class C Investor Charge-Off. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (viii), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class C Invested Amount has been reduced on prior Business Days pursuant to clauses (c) and (d) of the definition of Class C Invested Amount, if any, such amount, (i) during the Revolving Period, to be treated as Shared Principal Collections, (ii) during the Controlled Accumulation Period or Early Amortization Period but prior to the Class B Principal Commencement Date, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date, (iii) during the Controlled Accumulation Period or Early Amortization Period, on and after the Class B Principal Commencement Date but prior to the Class C Principal Commencement Date, to be deposited in the Principal Account for distribution to the Class B Certificateholders on the next Distribution Date and (iv) on and after Class C Principal Commencement Date, to be deposited in the Principal Account for payment to the Class C Certificateholders on the next Distribution Date.

Reimbursement of Class C Investor Charge-Off. On each Business -------------------------------------------- Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (viii), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class C Invested Amount has been reduced on prior Business Days pursuant to clauses (c) and (d) of the definition of Class C Invested Amount, if any, such amount, (i) during the Revolving Period, to be treated as Shared Principal Collections, (ii) during the Controlled Accumulation Period or Early Amortization Period but prior to the Class B Principal Commencement Date, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date, (iii) during the Controlled Accumulation Period or Early Amortization Period, on and after the Class B Principal Commencement Date but prior to the Class C Principal Commencement Date, to be deposited in the Principal Account for distribution to the Class B Certificateholders on the next Distribution Date and (iv) on and after Class C Principal Commencement Date, to be deposited in the Principal Account for payment to the Class C Certificateholders on the next Distribution Date.

Reimbursement of Class C Investor Charge-Off. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (viii), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the unreimbursed amount by which the Class C Invested Amount has been reduced on prior Business Days pursuant to clauses (c) and (d) of the definition of Class C Invested Amount, if any, such amount, (i) during the Revolving Period, to be treated as Shared Principal Collections, (ii) during the Controlled Accumulation Amortization Period or Early Amortization Period but prior to the Class B Principal Commencement Date, to be deposited in the Principal Account for distribution to the Class A Certificateholders on the next Distribution Date, (iii) during the Controlled Accumulation Amortization Period or Early Amortization Period, on and after the Class B Principal Commencement Date but prior to the Class C Principal Commencement Date, to be deposited in the Principal Account for distribution to the Class B Certificateholders on the next Distribution Date and (iv) on and after Class C Principal Commencement Date, to be deposited in the Principal Account for payment to the Class C Certificateholders on the next Distribution Date.