Common use of Allocations of CHASEseries Available Finance Charge Collections Clause in Contracts

Allocations of CHASEseries Available Finance Charge Collections. With respect to each Monthly Period, the Indenture Trustee, at the written direction of the Servicer, will apply an amount equal to the sum of (i) Asset Pool One Finance Charge Collections allocated to the CHASEseries pursuant to subsection 3.01(a), (ii) any amounts to be treated as CHASEseries Available Finance Charge Collections pursuant to subsections 3.05(a) and 3.22(d), (iii) any Shared Excess Available Finance Charge Collections from other Series in Shared Excess Available Finance Charge Collections Group A allocated to the CHASEseries pursuant to Section 3.27 and (iv) any amounts to be treated as CHASEseries Available Finance Charge Collections pursuant to any Terms Document (such amounts, the “CHASEseries Available Finance Charge Collections”) as follows: (a) first, on the applicable Note Transfer Date for each Tranche of CHASEseries Notes, to make the targeted deposits to the Interest Funding Account pursuant to Section 3.03; (b) second, on the First Note Transfer Date, to pay to the Servicer the CHASEseries Servicing Fee plus any previously due and unpaid CHASEseries Servicing Fee; (c) third, on the First Note Transfer Date, to be treated as CHASEseries Available Principal Collections for application in accordance with Section 3.09 in an amount equal to the CHASEseries Default Amount for the related Monthly Period; (d) fourth, on the First Note Transfer Date, to be treated as CHASEseries Available Principal Collections pursuant to Section 3.07 for application in accordance with Section 3.09 in an amount equal to the aggregate Nominal Liquidation Amount Deficit, if any, of the CHASEseries Notes; (e) fifth, on the applicable Note Transfer Date for each Tranche of Class C Notes, to make the targeted deposit to the Class C Reserve Account, if any, pursuant to Section 3.24; (f) sixth, on the applicable Note Transfer Date for each Tranche of CHASEseries Notes, to make any other payments or deposits required by the Terms Documents of any Class or Tranche of CHASEseries Notes; (g) seventh, on the First Note Transfer Date, to be treated as Shared Excess Available Finance Charge Collections for application in accordance with Section 3.27; (h) eighth, on the First Note Transfer Date, to be applied pursuant to Section 3.13 of the Indenture as “Unapplied Excess Finance Charge Collections” from Shared Excess Available Finance Charge Collections Group A; and (i) ninth, on the First Note Transfer Date, to the Transferor.

Appears in 3 contracts

Samples: Chase Series Indenture Supplement (Chase Card Funding LLC), Chase Series Indenture Supplement (Chase Issuance Trust), Chase Series Indenture Supplement (Chase Issuance Trust)

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Allocations of CHASEseries Available Finance Charge Collections. With respect to each Monthly Period, the Indenture Trustee, at the written direction of the Servicer, will apply an amount equal to the sum of (i) Asset Pool One Finance Charge Collections allocated to the CHASEseries pursuant to subsection 3.01(a), (ii) any amounts to be treated as CHASEseries Available Finance Charge Collections pursuant to subsections 3.05(a) and 3.22(d), (iii) any Shared Excess Available Finance Charge Collections from other Series in Shared Excess Available Finance Charge Collections Group A allocated to the CHASEseries pursuant to Section 3.27 and (iv) any amounts to be treated as CHASEseries Available Finance Charge Collections pursuant to any Terms Document (such amounts, the "CHASEseries Available Finance Charge Collections") as follows: (a) first, on the applicable Note Transfer Date for each Tranche of CHASEseries Notes, to make the targeted deposits to the Interest Funding Account pursuant to Section 3.03; (b) second, on the First Note Transfer Date, to pay to the Servicer the CHASEseries Servicing Fee plus any previously due and unpaid CHASEseries Servicing Fee; (c) third, on the First Note Transfer Date, to be treated as CHASEseries Available Principal Collections for application in accordance with Section 3.09 in an amount equal to the CHASEseries Default Amount for the related Monthly Period; (d) fourth, on the First Note Transfer Date, to be treated as CHASEseries Available Principal Collections pursuant to Section 3.07 for application in accordance with Section 3.09 in an amount equal to the aggregate Nominal Liquidation Amount Deficit, if any, of the CHASEseries Notes; (e) fifth, on the applicable Note Transfer Date for each Tranche of Class C Notes, to make the targeted deposit to the Class C Reserve Account, if any, pursuant to Section 3.24; (f) sixth, on the applicable Note Transfer Date for each Tranche of CHASEseries Notes, to make any other payments or deposits required by the Terms Documents of any Class or Tranche of CHASEseries Notes; (g) seventh, on the First Note Transfer Date, to be treated as Shared Excess Available Finance Charge Collections for application in accordance with Section 3.27; (h) eighth, on the First Note Transfer Date, to be applied pursuant to Section 3.13 of the Indenture as "Unapplied Excess Finance Charge Collections" from Shared Excess Available Finance Charge Collections Group A; and (i) ninth, on the First Note Transfer Date, to the applicable Transferor.

Appears in 1 contract

Samples: Chase Series Indenture Supplement (Chase Manhattan Bank Usa)

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