Common use of Class B Monthly Servicing Fee Clause in Contracts

Class B Monthly Servicing Fee. On each Transfer Date, the ----------------------------- Servicer or the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Finance Charge Account, to the extent funds are available from such Class B Available Funds after giving effect to the withdrawals pursuant to subsection 4.6(b)(i), an amount equal to the Class B Monthly Servicing Fee accrued in respect of the preceding Monthly Period, plus all accrued and unpaid Class B Monthly Servicing Fees in respect of previous Monthly Periods, and the Servicer or the Trustee, as the case may be, shall pay such amount to the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank)

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Class B Monthly Servicing Fee. On each Transfer Date, the Servicer ----------------------------- Servicer or the Trustee, acting - 41 - in accordance with instructions from the Servicer, shall withdraw from the Finance Charge Account, to the extent funds are available from such Class B Available Funds after giving effect to the withdrawals pursuant to subsection 4.6(b)(i), an amount equal to the Class B Monthly Servicing Fee accrued in respect of the preceding Monthly Period, plus all accrued and unpaid Class B Monthly Servicing Fees in respect of previous Monthly Periods, and the Servicer or the Trustee, as the case may be, shall pay such amount to the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Class B Monthly Servicing Fee. On each Transfer Date, ----------------------------- the ----------------------------- Servicer or the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Finance Charge Account, to the extent funds are available from such Class B Available Funds after giving effect to the withdrawals pursuant to subsection 4.6(b)(i), an amount equal to the Class B Monthly Servicing Fee accrued in respect of the preceding Monthly Period, plus all accrued and unpaid Class B Monthly Servicing Fees in respect of previous Monthly Periods, and the Servicer or the Trustee, as the case may be, shall pay such amount to the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

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Class B Monthly Servicing Fee. On each Transfer Date, the ----------------------------- Servicer or the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Finance Charge Account, to the extent funds are available from such Class B Available Funds after giving effect to the withdrawals pursuant to subsection 4.6(b)(i), an amount equal to the Class B Monthly Servicing Fee accrued in respect of the preceding Monthly Period, plus all accrued and unpaid Class B Monthly Servicing Fees in respect of previous Monthly Periods, and the Servicer or the Trustee, as the case may be, shall pay such amount to the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

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