Common use of Class B Required Subordinated Amount of Class C Notes Clause in Contracts

Class B Required Subordinated Amount of Class C Notes. On the issuance date of a tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for all tranches of Class B Notes must be at least equal to the aggregate Class B Required Subordinated Amount of Class C Notes for all tranches of Class B Notes which are Outstanding on that date. For purposes of this clause, the available subordinated amount of Class C Notes for all tranche of Class B Notes as of any date means the sum of the following, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date: (i) the aggregate Nominal Liquidation Amount of all tranches of Class C Notes which are Outstanding on that date; minus (ii) the aggregate Class A Required Subordinated Amount of Class C Notes for all tranches of Class A Notes for which the Class A Required Subordinated Amount of Class B Notes is equal to zero which are Outstanding on that date.

Appears in 5 contracts

Samples: Baseries Indenture Supplement (BA Credit Card Trust), Indenture Supplement (BA Master Credit Card Trust II), Indenture Supplement (BA Master Credit Card Trust II)

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Class B Required Subordinated Amount of Class C Notes. On the issuance date of a tranche of Class A B Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for all tranches such tranche of Class B Notes must be at least equal to the aggregate Class B Required Subordinated Amount of Class C Notes for all tranches such tranche of Class B Notes which are Outstanding on that dateNotes. For purposes of this clause, the available subordinated amount of Class C Notes for all such tranche of Class B Notes as of any date means the sum of the following, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date: (i) the aggregate Nominal Liquidation Amount of all tranches of Class C Notes which are Outstanding on that date; minus (ii) the aggregate Class A B Required Subordinated Amount of Class C Notes for all other tranches of Class A Notes for which the Class A Required Subordinated Amount of Class B Notes is equal to zero which are Outstanding on that date.

Appears in 4 contracts

Samples: Baseries Indenture Supplement (BA Credit Card Trust), Indenture Supplement (BA Master Credit Card Trust II), Indenture Supplement (BA Master Credit Card Trust II)

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