Common use of Additional Early Redemption Events Clause in Contracts

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015-A) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015-A) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breach, the interests of the Class A(2015-A) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 2 contracts

Samples: Indenture, Indenture Supplement (Discover Bank)

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Additional Early Redemption Events. To the extent set forth in Pursuant to Section 4.01(b) of the Indenture Supplement and pursuant theretoSupplement, the following shall be additional Early Redemption Events relating to the Class A(2015A(2008-AB) Notes: : (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2008-AB) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-five (35) days after the date such payment is required to be made herein or therein; and and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written noticeregistered or certified mail, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breachdefault, the interests of the Class A(2015A(2008-AB) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Indenture Supplement (Discover Bank)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2011-A) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2011-A) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breach, the interests of the Class A(2015A(2011-A) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Class A(2011 A) Terms Document (Discover Card Execution Note Trust)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2010-AE) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2010-AE) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breach, the interests of the Class A(2015A(2010-AE) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Indenture Supplement (Discover Card Execution Note Trust)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2010-A) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2010-A) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breachdefault, the interests of the Class A(2015A(2010-A) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Class A(2010 A) Terms Document (Discover Card Execution Note Trust)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2008-AC) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2008-AC) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written noticeregistered or certified mail, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breachdefault, the interests of the Class A(2015A(2008-AC) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Indenture Supplement (Discover Card Execution Note Trust)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2011-AC) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2011-AC) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breach, the interests of the Class A(2015A(2011-AC) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Class A(2011 C) Terms Document (Discover Card Execution Note Trust)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2010-AB) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2010-AB) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breachdefault, the interests of the Class A(2015A(2010-AB) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Indenture Supplement (Discover Card Execution Note Trust)

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Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2011-AB) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2011-AB) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breach, the interests of the Class A(2015A(2011-AB) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Class A(2011 B) Terms Document (Discover Card Execution Note Trust)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2019-A) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2019-A) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breach, the interests of the Class A(2015A(2019-A) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Indenture Trust Agreement (Discover Funding LLC)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2010-AC) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2010-AC) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breachdefault, the interests of the Class A(2015A(2010-AC) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Indenture Supplement (Discover Card Execution Note Trust)

Additional Early Redemption Events. To the extent set forth in Section 4.01(b) of the Indenture Supplement and pursuant thereto, the following shall be additional Early Redemption Events relating to the Class A(2015A(2010-AD) Notes: (a) failure on the part of the Issuer to make any interest payment with respect to the Class A(2015A(2010-AD) Notes required by the terms of the Note Purchase Agreement, the Indenture, the Indenture Supplement or this Terms Document on or before the date occurring thirty-thirty five (35) days after the date such payment is required to be made herein or therein; and (b) a default in the performance, or breach, of any covenant or warranty of the Issuer in the Note Purchase Agreement, and continuance of such default or Table of Contents breach for a period of sixty (60) days after there has been given, by written notice, to the Issuer by the Indenture Trustee or to the Issuer and the Indenture Trustee by the Agent, a written notice specifying such default or breach and requesting it to be remedied, and if as a result of such default or breachdefault, the interests of the Class A(2015A(2010-AD) Noteholders are materially and adversely affected and continue to be materially and adversely affected during the sixty (60) day period.

Appears in 1 contract

Samples: Class A(2010 D) Terms Document (Discover Card Execution Note Trust)

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