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

Rights of Certificateholders and Allocation and Application of Collections. Rights of Series 1997-U Certificateholders. The Investor -------------------------------------------- Certificates of Series 1997-U shall represent fractional Undivided Interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Investor Certificates at the times and in the amounts specified in this Agreement, (a) the related Invested Percentage of Collections received with respect to the Receivables (including the Interchange Amount allocable to the Series 1997-U Certificateholders), (b) funds on deposit in the Collection Account, (c) funds on deposit in the Cash Collateral Account, (d) funds on deposit in the Principal Funding Account and (e) funds on deposit in the Reserve Account (the "Series 1997-U Certificateholders' Interest"). The Exchangeable Seller's Certificate and any other Series of investor certificates outstanding shall represent fractional Undivided Interests in the Trust Assets not allocated pursuant to this Agreement to the Series 1997-U Certificateholders' Interest, including the right to receive Collections with respect to the Receivables and other amounts at the times and in the amounts specified in this Article IV to be paid to the Holder of the Exchangeable Seller's Certificate; provided, however, such interests -------- ------- shall not represent any interest in the Cash Collateral Account, the Principal Funding Account or the Reserve Account or funds on deposit therein.

Rights of Certificateholders and Allocation and Application of Collections. Rights of Series 19971999-U X Certificateholders. The ------------------------------------------- Investor -------------------------------------------- Certificates of Series 19971999-U X shall represent fractional Undivided Interests in the Trust, consisting of the right to receive, to the extent necessary to make the required payments with respect to such Investor Certificates at the times and in the amounts specified in this Agreement, (a) the related Invested Percentage of Collections received with respect to the Receivables (including the Interchange Amount allocable to the Series 19971999-U X Certificateholders), (b) funds on deposit in the Collection Account, (c) funds on deposit in the Cash Collateral Account, (d) funds on deposit in the Principal Funding Account and (e) funds on deposit in the Reserve Account (collectively, the "Series 19971999-U X Certificateholders' Interest"). The Exchangeable Seller's Certificate and any other Series of investor certificates outstanding shall represent fractional Undivided Interests in the Trust Assets not allocated pursuant to this Agreement to the Series 19971999-U X Certificateholders' Interest, including the right to receive Collections with respect to the Receivables and other amounts at the times and in the amounts specified in this Article IV to be paid to the Holder of the Exchangeable Seller's Certificate; provided, however, -------- ------- such interests -------- ------- shall not represent any interest in the Cash Collateral Account, the Principal Funding Account or the Reserve Account or funds on deposit therein.