9/9/2023 0 Comments Define finance hcarge![]() ![]() Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.įinance charge means that term as defined in section 106 of the truth in lending act. Series Finance Charge Collections means, with respect to any day or any Distribution Date or Trust Distribution Date, as applicable, the sum of the amount of Class Finance Charge Collections for each Class for such day or for the related Due Period, as applicable. Investor Finance Charge Collections means, with respect to any Distribution Date, an amount equal to (a) the product of (i) the Floating Allocation Percentage for the related Due Period and (ii) Allocable Finance Charge Collections deposited in the Collection Account for the related Due Period, minus (b) the aggregate amount of Servicer Interchange for the related Due Period. In addition, on the Closing Date, the Transferor shall make a deposit to the Interest Funding Account in the amount of $2,000,000 to be allocated to the Series 1999-2 Securities and applied as Available Series 1999-2 Finance Charge Collection in accordance with subsection 4.9(a) of the Agreement.įinance Charge Collections means Collections of Finance Charge Receivables.Īvailable Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, plus (b) the Excess Finance Charge Collections allocated to Series 2009-VFN for such Monthly Period, plus (c) interest and earnings on funds on deposit in the Cash Collateral Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to subsection 5.10(b).Įxcess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables. Īvailable Finance Charge Collection Groups and Other Groups The Issuer shall reallocate and redistribute certain excess Finance Charge Collections allocated to any Series to cover Series Available Finance Charge Collections Shortfalls incurred by Series belonging to any particular Shared Excess Available Finance Charge Collections Group to the extent and as specified in the related Indenture Supplements. ![]() The Reserve Draw Amount for the related Monthly Period deposited into the Collection Account to be treated as Available Finance Charge Collection. ![]() ![]() Shared Excess Finance Charge Collection The aggregate amount of shared Excess Finance Charge Collections during the preceding Monthly Period which were allocated to the Series 1996-2 Certificates. Shared Excess Finance Charge Collection The aggregate amount of shared Excess Finance Charge Collections during the preceding Monthly Period which were allocated to the Series 1995-2 Certificates. Shared Excess Finance Charge Collection The aggregate amount of shared Excess Finance Charge Collections during the preceding Monthly Period which were allocated to the Series 1996-4 Certificates. Shared Excess Finance Charge Collection The aggregate amount of shared Excess Finance Charge Collections during the preceding Monthly Period which were allocated to the Series 1996-3 Certificates. Examples of Finance Charge Collection in a sentence ![]()
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