Deposits of the Swap Trust Payments. An amount equal to the lesser of (A) the sum of the Swap Trust Payments and (B) the amount deposited in respect of the Interest Rate Swaps into the Series Distribution Account on such Distribution Date pursuant to Section 8 shall be withdrawn from the Series Distribution Account and deposited into the Series Interest Funding Account.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)
Deposits of the Swap Trust Payments. An amount equal to the lesser of
(A) the sum of the Swap Trust Payments or Class Coupon Floor Payments, as applicable, and
(B) the amount deposited in respect of the Interest Rate Swaps or Class Coupon Floors, as applicable, into the Series Distribution Account on such Distribution Date pursuant to Section 8 shall be withdrawn from the Series Distribution Account and deposited into the Series Interest Funding Account.
Appears in 1 contract
