Common use of Cancellation of Notes Held by the Issuer or the Transferor Clause in Contracts

Cancellation of Notes Held by the Issuer or the Transferor. If the Issuer, the Transferor or any of their Affiliates holds any Notes, that Holder may, subject to any provisions of a related Indenture Supplement limiting the repayment of such Notes, by notice from that Holder to the Indenture Trustee cause the Notes to be repaid and canceled, whereupon the Notes will no longer be Outstanding. [END OF ARTICLE VI]

Appears in 4 contracts

Samples: Indenture (Barclays Dryrock Issuance Trust), Dryrock Issuance Trust (Dryrock Issuance Trust), Pooling and Servicing Agreement (American Express Issuance Trust)

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Cancellation of Notes Held by the Issuer or the Transferor. If the Issuer, the Transferor or any of their Affiliates holds any Notes, that Holder may, subject to any provisions of a related Indenture Supplement limiting the repayment of such Notes, by notice from that Holder to the Indenture Trustee cause the Notes to be repaid and canceled, whereupon the Notes will no longer be Outstanding. [END OF ARTICLE VIV]

Appears in 4 contracts

Samples: Indenture (First Usa Credit Card Master Trust), Indenture (Chase Manhattan Bank Usa), First Usa Credit Card Master Trust

Cancellation of Notes Held by the Issuer or the Transferor. If the Issuer, the Transferor or any of their Affiliates holds any Notes, that Holder may, subject to any provisions of a related Indenture Supplement limiting the repayment of such Notes, by notice from that Holder to the Indenture Trustee cause the Notes to be repaid and canceled, whereupon the Notes will no longer be Outstanding. [END OF ARTICLE VIV]

Appears in 3 contracts

Samples: Servicing Agreement (Capital One Master Trust), Servicing Agreement (Capital One Master Trust), investor.capitalone.com

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Cancellation of Notes Held by the Issuer or the Transferor. If the Issuer, the Transferor or any of their Affiliates holds any Notes, that Holder may, subject to any -57- provisions of a related Indenture Supplement limiting the repayment of such Notes, by notice from that Holder to the Indenture Trustee cause the Notes to be repaid and canceled, whereupon the Notes will no longer be Outstanding. [END OF ARTICLE VI]

Appears in 1 contract

Samples: Indenture (Dryrock Issuance Trust)

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