Common use of Rights of Certificateholders and Allocation and Application of Collections Clause in Contracts

Rights of Certificateholders and Allocation and Application of Collections. 01A Rights of Holders of Collateral Certificate. The Collateral Certificate shall represent an undivided interest in the Trust, consisting of the right to receive (a) the sum of the related Investor Percentages of Collections, (b) funds on deposit in the Collection Account and the Excess Funding Account allocable to the Collateral Certificate and funds on deposit in the Series Accounts for any related Note Series, (c) Excess Principal Collections allocated to the Collateral Certificate in accordance with Section 4.03(e) and any related Indenture Supplement, (d) Excess Finance Charge Collections allocated to the Collateral Certificate in accordance with Section 4.03(f) and any related Indenture Supplement and (e) any related Enhancement for the Collateral Certificate and related Note Series. Unless otherwise specified in the related Indenture Supplement, each Collateral Series shall consist of a single Class and shall not be senior or subordinated to any other Series. The Transferor Interest shall not represent any interest in the Collection Account, the Excess Funding Account or any Series Accounts, except as specifically provided in this Article IV and the related Indenture Supplement.

Rights of Certificateholders and Allocation and Application of Collections. 01A Rights of Holders of Collateral Certificate1A RIGHTS OF INVESTOR CERTIFICATEHOLDERS. The Collateral Certificate Certificates shall represent an undivided interest interests in the Trust, consisting of the right to receive (a) the sum of related Allocation Percentage (as defined in the related Investor Percentages Indenture Supplement) of Collections, (b) funds on deposit in the Collection Account and the Excess Funding Account allocable to the Collateral Certificate Certificates and funds on deposit in the Series Accounts for any related Note SeriesAccounts, (c) Excess Shared Principal Collections allocated to the Collateral Certificate Certificates in accordance with Section 4.03(e) and any related Indenture SupplementSUBSECTION 4.4, (d) Excess Finance Charge Collections allocated to the Collateral Certificate Certificates in accordance with Section 4.03(f) and any related Indenture Supplement SECTION 4.5 and (e) any related Enhancement for the Collateral Certificate Certificates and related Note Series. Unless otherwise specified in the related Indenture Supplement, each Collateral Series shall consist of a single Class and shall not be senior or subordinated to any other Series. The Transferor Interest shall not represent any interest in the Collection Account, the Excess Funding Account or any Series Accounts, except as specifically provided in this Article IV and the related Indenture Supplement.