Common use of Undistributed Principal Collections Clause in Contracts

Undistributed Principal Collections. On each Distribution Date, (A) the Servicer shall allocate Excess Principal Collections to each Series as set forth in the related Supplement and (B) the Servicer shall withdraw from the Collection Account and pay to the Transferors (i) an amount equal to the excess, if any, of (x) the aggregate amount for all outstanding Series of Principal Collections which the related Supplements specify are to be treated as "Excess Principal Collections" for such Distribution Date over (y) the aggregate amount for all outstanding Series which the related Supplements specify are "Principal Shortfalls" for such Distribution Date and, without duplication, (ii) the aggregate amount for all outstanding Series of that portion of Principal Collections which the related Supplements specify are to be allocated and paid to the Transferors with respect to such Distribution Date; provided, however, that such amounts shall be paid to the Transferors only if the Transferor Amount (determined after giving effect to any Receivables transferred to the Trust on such date) exceeds 3% of the Trust Principal Component. The amount held in the Collection Account as a result of the proviso in the preceding sentence ("Undistributed Principal Collections") shall be paid to the Transferors at the time the Transferor Amount as a percentage of the Trust Principal Component exceeds 3%; provided, however, that any Undistributed Principal Collections on deposit in the Collection Account at any time during which any Series is in its Amortization Period or Accumulation Period shall be allocated and distributed in accordance with the terms of each Supplement.

Undistributed Principal Collections. On each Distribution Date, (Aa) the Servicer shall allocate Excess Principal Collections to each Series as set forth in the related Supplement and (Bb) the Servicer shall withdraw from the Collection Account and pay to the Transferors Transferor the sum of (i) an amount equal to the excess, if any, of (x) the aggregate amount for all outstanding Series of Principal Collections which the related Supplements specify are to be treated as "Excess Principal Collections" for such Distribution Date over (y) the aggregate amount for all outstanding Series which the related Supplements specify are "Principal Shortfalls" for such Distribution Date and, without duplication, duplication and (ii) the aggregate amount for all outstanding Series of that portion of Principal Collections which the related Supplements specify are to be allocated and paid to the Transferors Transferor with respect to such Distribution Date; provided, however, that such amounts shall be paid to the Transferors Transferor only if the Transferor Amount (determined after giving effect to any Receivables transferred to the Trust on such date) exceeds 310% of the Trust Principal Component. The amount Any amounts held in the Collection Account as a result of the proviso in the preceding sentence ("Undistributed Principal Collections") shall be paid transferred by the Trustee to the Transferors Special Funding Account on the next succeeding Distribution Date for payment to the Transferor at the time the Transferor Amount as a percentage of the Trust Principal Component exceeds 310%; provided, however, that any Undistributed Principal Collections on deposit in the Collection Account at any time during which any Series is in its Amortization Accumulation Period or Accumulation Early Amortization Period shall be allocated and distributed in accordance with the terms of each Supplement.

Undistributed Principal Collections. On each Distribution Date, (Aa) the Servicer shall allocate Excess Principal Collections to each Series as set forth in the related Supplement and (Bb) the Servicer shall withdraw from the Collection Account or otherwise allo- cate and pay to the Transferors Transferor (i) an amount equal to the excess, if any, of (x) the aggregate amount for all outstanding Series of Principal Collections which the related Supplements Sup- plements specify are to be treated as "Excess Principal Collections" for such Distribution Date over (y) the aggregate amount for all outstanding Series which the related Supplements specify are "Principal Shortfalls" for such Distribution Date and, without duplication, (ii) the aggregate amount for all outstanding Series of that portion of Principal Collections which the related Supplements specify are to be allocated and paid to the Transferors Transferor with respect to such Distribution Date; provided, howeverhowev- er, that such amounts shall be paid to the Transferors Transferor only if the Transferor Amount minus the Excluded Receiv- xxxxx Balance (each determined after giving effect to any Receivables transferred to the Trust on such date) exceeds 3% of the Trust Principal Componentex- ceeds zero. The amount held in the Collection Account Excess Funding Ac- count as a result of the proviso in the preceding sentence sen- tence ("Undistributed Principal Collections") shall be paid to the Transferors Transferor at the time the Transferor Amount as a percentage of minus the Trust Principal Component Excluded Receivables Balance exceeds 3%zero; provided, however, that any Undistributed Principal Collections on deposit in the Collection Excess Funding Account at any time during which any Series is in its Accumulation Period, Rapid Amortization Period Period, Controlled Amortiza- tion Period, or Accumulation Early Amortization Period shall be allocated allo- cated and distributed in accordance with the terms of each the related Supplement.. (h)