Common use of Allocations of the Asset Pool One Servicing Fee Clause in Contracts

Allocations of the Asset Pool One Servicing Fee. (a) As compensation for its servicing activities hereunder and as reimbursement for any expense incurred by it in connection therewith, the Servicer shall be entitled to receive a servicing fee (the “Asset Pool One Servicing Fee”). For each Monthly Period, the Asset Pool One Servicing Fee shall equal the sum of (i) the servicing fee amount for each Asset Pool One Collateral Certificate, as specified in the related Series Supplement, and (ii) the Asset Pool One Receivables Servicing Fee. (b) With respect to each Monthly Period, the Collateral Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool One Notes an amount equal to the product of (i) the Asset Pool One Servicing Fee for such Monthly Period and (ii) the Noteholder Percentage for the Asset Pool One Servicing Fee for such Monthly Period for such Series of Asset Pool One Notes.

Appears in 5 contracts

Samples: Asset Pool Supplement (Chase Card Funding LLC), Asset Pool Supplement (Chase Issuance Trust), Asset Pool Supplement (Chase Issuance Trust)

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Allocations of the Asset Pool One Servicing Fee. (a) As compensation for its servicing activities hereunder and as reimbursement for any expense incurred by it in connection therewith, the Servicer shall be entitled to receive a servicing fee (the "Asset Pool One Servicing Fee"). For each Monthly Period, the Asset Pool One Servicing Fee shall equal the sum of (i) the servicing fee amount for each Asset Pool One Collateral Certificate, as specified in the related Series Supplement, and (ii) the Asset Pool One Receivables Servicing Fee. (b) With respect to each Monthly Period, the Collateral Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool One Notes an amount equal to the product of (i) the Asset Pool One Servicing Fee for such Monthly Period and (ii) the Noteholder Percentage for the Asset Pool One Servicing Fee for such Monthly Period for such Series of Asset Pool One Notes.

Appears in 2 contracts

Samples: Asset Pool Supplement (First Usa Credit Card Master Trust), Indenture (Bank One Delaware National Association)

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