Common use of Allocations For the Exchangeable Transferor Certificate Clause in Contracts

Allocations For the Exchangeable Transferor Certificate. Throughout the existence of the Trust, the Servicer shall allocate to the Holder of the Exchangeable Transferor Certificate an amount equal to the product of (i) the Transferor Percentage and (ii) the aggregate amount of Collections allocated to Principal Receivables and Finance Charge Receivables, respectively, in respect of each Collection Period. Notwithstanding anything to the contrary in Section 4.1, unless specified in any Supplement, the Servicer need not deposit this amount, or any other amounts so allocated to the Exchangeable Transferor Certificate pursuant to any Supplement, into the Collection Account and shall pay such amounts as collected to the Holder of the Exchangeable Transferor Certificate.

Appears in 4 contracts

Samples: Master Pooling and Servicing Agreement (Circuit City Credit Card Master Trust), Pooling and Servicing Agreement (Fnanb Credit Card Master Trust), Master Pooling and Servicing Agreement (Circuit City Credit Card Master Trust)

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Allocations For the Exchangeable Transferor Certificate. Throughout the existence of the Trust, the Servicer shall allocate to the Holder of the Exchangeable Transferor Certificate an amount equal to the product of (iA) the Transferor Percentage and (iiB) the aggregate amount of such Collections allocated to Principal Receivables Collections and Finance Charge ReceivablesYield Collections, respectively, in respect of each Collection such Due Period. Notwithstanding anything to the contrary in Section 4.1subsection 4.01(g), unless specified in any Supplement, the Servicer need not deposit this amount, or and any other amounts so allocated to the Exchangeable Transferor Certificate pursuant to any Supplement, into the Collection Account and shall pay such amounts as collected to the Holder of the Exchangeable Transferor Certificate.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Master Pooling and Servicing Agreement (American Express Centurion Bank)

Allocations For the Exchangeable Transferor Certificate. Throughout the existence of the Trust, unless otherwise stated in any Supplement, the Servicer shall allocate to the Holder of the Exchangeable Transferor Certificate an amount equal to the product of (iA) the Transferor Percentage and (iiB) the aggregate amount of Principal Collections allocated to Principal Receivables and Finance Charge ReceivablesYield Collections, respectively, in respect of each Collection Period. Notwithstanding anything in this Agreement to the contrary in Section 4.1contrary, unless specified otherwise stated in any Supplement, the Servicer need not deposit this amount, amount or any other amounts so allocated to the Exchangeable Transferor Certificate pursuant to any Supplement, Supplement into the Collection Account and shall pay pay, or be deemed to pay, such amounts as collected to the Holder of the Exchangeable Transferor Certificate.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Bank Corporate Card Master Trust)

Allocations For the Exchangeable Transferor Certificate. Throughout the existence of the Trust, unless otherwise stated in any Supplement, the Servicer shall allocate to the Holder of the Exchangeable Transferor Certificate an amount equal to the product of (iA) the Transferor Percentage and (iiB) the aggregate amount of Principal Collections allocated to Principal Receivables and Finance Charge ReceivablesYield Collections, respectivelyrespective- ly, in respect of each Collection Period. Notwithstanding anything in this Agreement to the contrary in Section 4.1contrary, unless specified otherwise stated in any Supplement, the Servicer need not deposit this amount, amount or any other amounts so allocated to the Exchangeable Transferor Certificate pursuant to any Supplement, Supplement into the Collection Account and shall pay such amounts as collected to the Holder of the Exchangeable Transferor Certificate.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Bank Corporate Card Master Trust)

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Allocations For the Exchangeable Transferor Certificate. Throughout the existence of the Trust, the The Servicer shall allocate to the Holder of the Exchangeable Transferor Certificate an amount equal to the product of (i) the Transferor Percentage and (ii) the aggregate amount of Collections allocated to Principal Receivables and Finance Charge Receivables, respectively, in respect of each Collection Period. Notwithstanding anything to the contrary in Section 4.18.3, unless specified in any Indenture Supplement, the Servicer need not deposit this amount, or any other amounts so allocated to the Exchangeable Transferor Certificate pursuant to any Indenture Supplement, into the Collection Account and shall pay such amounts as collected to the Holder of the Exchangeable Transferor Certificate.

Appears in 1 contract

Samples: Master Indenture (Dc Funding International Inc)

Allocations For the Exchangeable Transferor Certificate. Throughout the existence of the Trust, the Servicer shall allocate to the Holder of the Exchangeable Transferor Certificate an amount equal to the product of (iA) the Transferor Percentage and (iiB) the aggregate amount of such Collections allocated to Principal Receivables Collections and Finance Charge ReceivablesYield Collections, respectively, in respect of each Collection such Due Period. Notwithstanding anything to the contrary in Section 4.1subsection 4.01 (g), unless specified in any Supplement, the Servicer need not deposit this amount, or and any other amounts so allocated to the Exchangeable Transferor Certificate pursuant to any Supplement, into the Collection Account and shall pay such amounts as collected to the Holder of the Exchangeable Transferor Certificate.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Centurion Bank)

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