Common use of Shared Excess Available Principal Collections Clause in Contracts

Shared Excess Available Principal Collections. (a) Shared Excess Available Principal Collections from each Series of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period.

Shared Excess Available Principal Collections. (a) Shared Excess Available Principal Collections from each Series of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseriesONEseries. Shared Excess Available Principal Collections allocable to the CHASEseries ONEseries with respect to any Monthly Period shall be treated as CHASEseries ONEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period.

Shared Excess Available Principal Collections. (a) Shared Excess Available Principal Collections from each Series of Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseriesONEseries. Shared Excess Available Principal Collections allocable to the CHASEseries ONEseries with respect to any Monthly Period shall be treated as CHASEseries ONEseries Available Principal Collections for such Monthly Period and applied on the applicable applica ble Note Transfer Date in the immediately succeeding Monthly Period.