Unallocated Principal Collections. Any Collections in respect of Principal Receivables or Finance Charge Receivables not allocated and paid to the Holder of the Seller Interest because of the limitations contained in subsections 4.05(a)(iv)(B), 4.05(b)(iv)(B), 4.05(c)(ii)(B) and 4.05(d)(ii)(B) and any amounts allocable to the Investor Certificates deposited in the Principal Account pursuant to subsections 2.04(d)(iii) and 4.03(c) ("Unallocated Principal Collections") shall be held in the Principal Account and, prior to the commencement of the Controlled Accumulation Period, the Rapid Accumulation Period or the Rapid Amortization Period shall be paid to the Holder of the Seller Interest if, and only to the extent that, the Seller Interest is greater than the Minimum Seller Interest. For each Transfer Date with respect to the Controlled Accumulation Period, the Rapid Accumulation Period or the Rapid Amortization Period, any such Unallocated Principal Collections held in the Principal Account on such Transfer Date shall be included in the Investor Principal Collections which to the extent available shall be distributed as Available Investor Principal Collections to be applied pursuant to Section 4.09 on such Transfer Date. With respect to the Investor Certificates, and notwithstanding anything in the Agreement or this Series Supplement to the contrary, whether or not the Servicer is required to make monthly or daily deposits from the Collection Account into the Finance Charge Account or the Principal Account pursuant to subsections 4.05(a), 4.05(b), 4.05(c) and 4.05(d), with respect to any Monthly Period (i) the Servicer will only be required to deposit Collections from the Collection Account into the Finance Charge Account or the Principal Account up to the required amount to be deposited into any such deposit account or, without duplication, distributed on or prior to the related Distribution Date to the Investor Certificateholders and (ii) if at any time prior to such Distribution Date the amount of Collections deposited in the Collection Account exceeds the amount required to be deposited pursuant to clause (i) above, the Servicer will be permitted to withdraw the excess from the Collection Account. SECTION 4.06.
Unallocated Principal Collections. If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 1998-1 Notes on any Payment Date are in excess of the amount required to pay amounts due in respect of the Series 1998-1 Notes on such Payment Date in full, then any such excess Principal Collections shall be allocated to the Retained Distribution Account (provided that no Series 1998-1 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation). In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group II Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group II Collection Account or the Master Collateral Account, as applicable.
Unallocated Principal Collections. If, pursuant to any --------------------------------- provisions of Article IV, Collections allocated to Principal Receivables with respect to any Series would cause such Series (a "Retired Series") to be paid in full or if, pursuant to such provisions, Collections of Principal Receivables allocated to the Holder of the Exchangeable Seller's Certificate would cause the Seller Amount, after taking into account the increase in such Seller Amount resulting from the transfer of any new Receivables to the Trust with respect to such Due Period, to be zero (any such Collections being referred to as "Allocated Collections"), any Collections of Principal Receivables allocated to a Retired Series or to the Seller Amount in the excess of Allocated Collections (with respect to each Series, "Unallocated Principal Collections") shall be reallocated to any other Series which would not have been allocated additional Principal Receivables but for the application of this subparagraph (any such allocation, an "Excess Amount Principal Allocation," and any such Series, an "Outstanding Series"). Any Excess Amount Principal Allocation shall be performed assuming that (a) the character of Unallocated Principal Collections as Principal Receivables shall not be altered, (b) the Invested Percentages with respect to any Outstanding Series shall be recalculated assuming that the Retiring Series has been retired and that only the Outstanding Series are outstanding, (c) Allocated Collections have been paid to the Retiring Series, and (d) if the payment of Allocated Collections as described above causes a Liquidation Event to occur, Unallocated Principal Collections shall be allocated as if such Liquidation Event has occurred.
Unallocated Principal Collections. Any Collections in respect of Principal Receivables not allocated and paid to the Holder of the Seller Interest because of the limitations contained in subsections 4.05(a)(ii)(C) and 4.05(b)(ii)(B) and any amounts allocable to the Series 2001-D Certificate deposited in the Principal Account pursuant to subsections 2.04(d)(iii) and 4.03(c) (“Unallocated Principal Collections”) shall be held in the Principal Account and, except as provided in the following sentence, shall be paid to the Holder of the Seller Interest if, and only to the extent that, the Seller Interest is greater than the Minimum Seller Interest. For each Transfer Date with respect to any Note Accumulation Period (as defined in the Indenture), any such Unallocated Principal Collections held in the Principal Account on such Transfer Date shall be included in the Investor Principal Collections which to the extent available shall be distributed as Available Investor Principal Collections to be applied pursuant to Section 4.06 on such Transfer Date.
Unallocated Principal Collections. If, after giving effect to Section 5.2(d), Principal Collections allocated to any Series on any Distribution Date are in excess of the amount required to be paid in respect of such Series on such Distribution Date, then any such excess Principal Collections shall be allocated to the Retained Distribution Account, to the extent that the Retained Interest Amount, calculated as of such Distribution Date, equals or exceeds zero and such payment will not violate any restriction contained in this Indenture.
Unallocated Principal Collections. If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 2010-3 Notes are in excess of the amount required to pay amounts due in respect of the Series 2010-3 Notes on the next succeeding Payment Date in full, then any such excess Principal Collections shall be allocated in accordance with Section 4.7(a)(i)(E) or 4.7(b)(i)(E) of the Series 2010-3 Supplement, if applicable, otherwise to the Retained Distribution Account (provided that no Series 2010-3 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation). In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group VII Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group VII Collection Account or the Master Collateral Account, as applicable.
Unallocated Principal Collections. The sum of those Seller's Principal Collections retained in the Collection Account pursuant to Section 4.04(b) and those Excess Available Principal Amounts transferred to the Collection Account pursuant to Section 4.06(b)(ii) (such sum, the "Unallocated Principal Collections") shall be released to the Trust for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement at the time the Pool Balance (determined after giving effect to any Principal Receivables transferred to the Trust at such time) exceeds the Aggregate Series Nominal Liquidation Amount for the immediately preceding Determination Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on the Payment Date immediately following such Determination Date); provided, however, that any Unallocated Principal Collections on deposit in the Collection Account at any time during which any Series is not in its revolving period shall be deemed to be Miscellaneous Payments and shall be allocated to each Series as provided in Section 4.03(a).
Unallocated Principal Collections. If, after giving effect to Section 5.2(c), Principal Collections allocated to any Series on any Payment Date are in excess of the amount required to be paid in respect of such Series on such Payment Date, then any such excess Principal Collections shall be allocated to HVF or such other party as may be entitled thereto as set forth in any Series Supplement. If, on any date on which Principal Collections are allocated to HVF pursuant to this Section 5.2(d), there are unpaid Ford Reimbursement Obligations, HVF shall apply any such Principal Collections to pay such unpaid Ford Reimbursement Obligations by instructing the Trustee in writing to withdraw from the applicable Series Account and pay to Ford an amount equal to the lesser of such unpaid Ford Reimbursement Obligations and the amount of such Principal Collections allocated to HVF pursuant to this Section 5.2(d).
Unallocated Principal Collections. If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 2005-1 Notes on any Payment Date are in excess of the amount required to pay amounts due in respect of the Series 2005-1 Notes or to the Series 2005-1 Insurer on such Payment Date in full, then any such excess Principal Collections shall be allocated in accordance with Section 4.7(a)(i)(C) or 4.7(b)(i)(C) of the Series 2005-1 Supplement, if applicable, otherwise to the Retained Distribution Account (provided that no Series 2005-1 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation). In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group III Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group III Collection Account or the Master Collateral Account, as applicable.
Unallocated Principal Collections. Any Collections in respect of Principal Receivables not paid to the Holder of the Transferor Interest because of the limitations contained in subsection 5.02(b) of the Indenture, subsection 3.01(a)(ii)(C), or subsection 3.03(c) (together, “Unallocated Principal Collections”) shall be held in the Excess Funding Account and, except as provided in the following sentence, shall be paid to the Holder of the Transferor Interest pursuant to subsection 5.02(b)(ii) of the Indenture. For each Transfer Date with respect to any Note Accumulation Period, an amount equal to the sum of (i) any amounts on deposit in the Excess Funding Account because of limitations contained in subsection 3.01(a)(ii)(C) or subsection 3.03(c), plus (ii) the product of (A) any amounts on deposit in the Excess Funding Account because of the limitations contained in subsection 5.02(b) of the Indenture times (B) a fraction, the numerator of which is the Weighted Average Available Funds Allocation Amount of all WFCardSeries Notes in a Note Accumulation Period during the immediately preceding Monthly Period and the denominator of which is the Weighted Average Available Funds Allocation Amount of all Notes in a Note Accumulation Period during such immediately preceding Monthly Period, shall be, to the extent needed, withdrawn from the Excess Funding Account and included in the WFCardSeries Available Principal Amounts which, to the extent available, shall be applied pursuant to Section 4.07 on such Transfer Date as though such amounts were Collections of Principal Receivables processed on the last day of the preceding Monthly Period.
