Common use of Designation Clause in Contracts

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-3.” The Series 2017-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.77% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.92% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-3 shall be an Excess Allocation Series. Series 2017-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 shall be the March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-3.” The Series 20172018-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.77% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.92% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-3 shall be an Excess Allocation Series. Series 20172018-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 shall be the March 2017 April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30March 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20172018-3 Certificates by issuing and selling additional Series 20172018-3 Certificates. Any additional Series 20172018-3 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 shall be a Repurchase Reporting Series. (f) Series 20172018-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-3.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-38.” The Series 2017-3 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.77% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.92% 8 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-38” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 8 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 2017-3 8 shall be an Excess Allocation Series. Series 2017-3 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 8 shall be the March November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30October 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 8 Certificates by issuing and selling additional Series 2017-3 8 Certificates. Any additional Series 2017-3 8 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 8 shall be a Repurchase Reporting Series. (f) Series 2017-3 8 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 8 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-38.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172021-31.” The Series 20172021-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172021-3 1.771 0.90% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172021-3 1.921 1.10% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172021-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172021-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172021-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172021-3 1 shall be an Excess Allocation Series. Series 20172021-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172021-3 1 shall be the March 2017 December 2021 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April November 30, 20172021. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172021-3 1 Certificates by issuing and selling additional Series 20172021-3 1 Certificates. Any additional Series 20172021-3 1 Certificates so issued shall be treated, for all purpose, like the Series 20172021-3 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172021-3 1 shall be a Repurchase Reporting Series. (f) Series 20172021-3 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172021-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172021-31.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172022-34.” The Series 20172022-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172022-3 1.774 4.95% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172022-3 1.924 5.23% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172022-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172022-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172022-3 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172022-3 4 shall be an Excess Allocation Series. Series 20172022-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172022-3 4 shall be the March 2017 December 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 31, 20172022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172022-3 4 Certificates by issuing and selling additional Series 20172022-3 4 Certificates. Any additional Series 20172022-3 4 Certificates so issued shall be treated, for all purpose, like the Series 20172022-3 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172022-3 4 shall be a Repurchase Reporting Series. (f) Series 20172022-3 4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172022-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172022-34.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-32.” The Series 20172023-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-3 1.772 4.80% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-3 1.922 5.12% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-3 2 shall be an Excess Allocation Series. Series 20172023-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-3 2 shall be the March 2017 July 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April June 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-3 2 Certificates by issuing and selling additional Series 20172023-3 2 Certificates. Any additional Series 20172023-3 2 Certificates so issued shall be treated, for all purpose, like the Series 20172023-3 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-3 2 shall be a Repurchase Reporting Series. . (f) Series 20172023-3 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-3 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-32.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172024-31.” The Series 20172024-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172024-3 1.771 5.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172024-3 1.921 5.50% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172024-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172024-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172024-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172024-3 1 shall be an Excess Allocation Series. Series 20172024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172024-3 1 shall be the March 2017 May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 20172024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172024-3 1 Certificates by issuing and selling additional Series 20172024-3 1 Certificates. Any additional Series 20172024-3 1 Certificates so issued shall be treated, for all purpose, like the Series 20172024-3 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172024-3 1 shall be a Repurchase Reporting Series. (f) Series 20172024-3 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172024-3 1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172024-31.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172022-32.” The Series 20172022-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172022-3 1.772 3.39% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172022-3 1.922 3.61% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172022-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172022-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172022-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172022-3 2 shall be an Excess Allocation Series. Series 20172022-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172022-3 2 shall be the March 2017 June 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 31, 20172022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172022-3 2 Certificates by issuing and selling additional Series 20172022-3 2 Certificates. Any additional Series 20172022-3 2 Certificates so issued shall be treated, for all purpose, like the Series 20172022-3 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172022-3 2 shall be a Repurchase Reporting Series. (f) Series 20172022-3 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172022-3 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172022-32.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-32.” The Series 20172019-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-3 1.772 2.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-3 1.922 2.86% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172019-3 2 shall be an Excess Allocation Series. Series 20172019-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-3 2 shall be the March 2017 May 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-3 2 Certificates by issuing and selling additional Series 20172019-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.2

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-31.” The Series 2017-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.771 1.93% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.921 2.10% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-3 1 shall be an Excess Allocation Series. Series 2017-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 1 shall be the March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 28, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 1 Certificates by issuing and selling additional Series 2017-3 1 Certificates. Any additional Series 2017-3 1 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 1 shall be a Repurchase Reporting Series. (f) Series 2017-3 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 2017-31.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as "American Express Credit Account Master Trust, Series 20172000-34." The Series 20172000-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20172000-3 1.77% 4 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20172000-3 1.92% 4 Floating Rate Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20172000-3” 4" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172000-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172000-3 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172000-3 4 shall be an Excess Allocation Series. Series 20172000-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172000-3 4 shall be the March 2017 July 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date Date, and end on and include April 30July 24, 20172000. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Centurion Bank)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-34.” The Series 20172019-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-3 1.77% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-3 1.92% 4 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-3 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172019-3 4 shall be an Excess Allocation Series. Series 20172019-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-3 4 shall be the March 2017 October 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April September 30, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-3 4 Certificates by issuing and selling additional Series 20172019-3 4 Certificates. Any additional Series 20172019-3 4 Certificates so issued shall be treated, for all purpose, like the Series 20172019-3 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172019-3 4 shall be a Repurchase Reporting Series. (f) Series 20172019-3 4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172019-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172019-34.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-32.” The Series 20172018-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.772 3.01% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.922 3.18% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-3 2 shall be an Excess Allocation Series. Series 20172018-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 2 shall be the March 2017 April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30March 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20172018-3 2 Certificates by issuing and selling additional Series 20172018-3 2 Certificates. Any additional Series 20172018-3 2 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 2 shall be a Repurchase Reporting Series. (f) Series 20172018-3 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-32.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-31.” The Series 20172023-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-3 1.771 4.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-3 1.921 5.12% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-3 1 shall be an Excess Allocation Series. Series 20172023-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-3 1 shall be the March 2017 July 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April June 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-3 1 Certificates by issuing and selling additional Series 20172023-3 1 Certificates. Any additional Series 20172023-3 1 Certificates so issued shall be treated, for all purpose, like the Series 20172023-3 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-3 1 shall be a Repurchase Reporting Series. (f) Series 20172023-3 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-3 1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-31.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-39.” The Series 20172018-3 9 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.77% 9 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.92% 9 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-39” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 9 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 9 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-3 9 shall be an Excess Allocation Series. Series 20172018-3 9 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 9 shall be the March 2017 October 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April September 30, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-3 9 Certificates by issuing and selling additional Series 20172018-3 9 Certificates. Any additional Series 20172018-3 9 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 9 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 9 shall be a Repurchase Reporting Series. (f) Series 20172018-3 9 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 9 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-39.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-34.” The Series 2017-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.774 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.924 1.82% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 4 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-3 4 shall be an Excess Allocation Series. Series 2017-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 4 shall be the March June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 4 Certificates by issuing and selling additional Series 2017-3 4 Certificates. Any additional Series 2017-3 4 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 4 shall be a Repurchase Reporting Series. (f) Series 2017-3 4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-34.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-3.” The Series 20172023-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-3 1.775.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-3 1.925.52% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-3 shall be an Excess Allocation Series. Series 20172023-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-3 shall be the March 2017 October 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April September 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-3 Certificates by issuing and selling additional Series 20172023-3 Certificates. Any additional Series 20172023-3 Certificates so issued shall be treated, for all purpose, like the Series 20172023-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-3 shall be a Repurchase Reporting Series. (f) Series 20172023-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-3.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172022-3.” The Series 20172022-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172022-3 1.773.75% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172022-3 1.924.07% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172022-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172022-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172022-3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172022-3 shall be an Excess Allocation Series. Series 20172022-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172022-3 shall be the March 2017 September 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30August 31, 20172022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172022-3 Certificates by issuing and selling additional Series 20172022-3 Certificates. Any additional Series 20172022-3 Certificates so issued shall be treated, for all purpose, like the Series 20172022-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172022-3 shall be a Repurchase Reporting Series. (f) Series 20172022-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172022-3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172022-3.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-37.” The Series 20172018-3 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.77% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.92% 7 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-37” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 7 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-3 7 shall be an Excess Allocation Series. Series 20172018-3 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 7 shall be the March 2017 August 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-3 7 Certificates by issuing and selling additional Series 20172018-3 7 Certificates. Any additional Series 20172018-3 7 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 7 shall be a Repurchase Reporting Series. (f) Series 20172018-3 7 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 7 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-37.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-32.” The Series 2017-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.77% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.92% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 2017-3 2 shall be an Excess Allocation Series. Series 2017-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 2 shall be the March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 28, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 2 Certificates by issuing and selling additional Series 2017-3 2 Certificates. Any additional Series 2017-3 2 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 2 shall be a Repurchase Reporting Series. (f) Series 2017-3 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 2017-32.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-31.” The Series 20172019-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-3 1.771 2.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-3 1.921 3.07% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172019-3 1 shall be an Excess Allocation Series. Series 20172019-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-3 1 shall be the March 2017 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 28, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-3 1 Certificates by issuing and selling additional Series 20172019-3 1 Certificates. Any additional Series 20172019-3 1 Certificates so issued shall be treated, for all purpose, like the Series 20172019-3 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172019-3 1 shall be a Repurchase Reporting Series. (f) Series 20172019-3 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172019-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172019-31.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-3.” The Series 20172019-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-3 1.772.00% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-3 1.922.20% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172019-3 shall be an Excess Allocation Series. Series 20172019-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-3 shall be the March 2017 October 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April September 30, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-3 Certificates by issuing and selling additional Series 20172019-3 Certificates. Any additional Series 20172019-3 Certificates so issued shall be treated, for all purpose, like the Series 20172019-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172019-3 shall be a Repurchase Reporting Series. (f) Series 20172019-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172019-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172019-3.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-34.” The Series 20172018-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.774 2.99% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.924 3.18% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-3 4 shall be an Excess Allocation Series. Series 20172018-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 4 shall be the March 2017 June 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-3 4 Certificates by issuing and selling additional Series 20172018-3 4 Certificates. Any additional Series 20172018-3 4 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 4 shall be a Repurchase Reporting Series. (f) Series 20172018-3 4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-34.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-35.” The Series 20172018-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.77% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.92% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-3 5 shall be an Excess Allocation Series. Series 20172018-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 5 shall be the March 2017 June 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-3 5 Certificates by issuing and selling additional Series 20172018-3 5 Certificates. Any additional Series 20172018-3 5 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 5 shall be a Repurchase Reporting Series. (f) Series 20172018-3 5 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-35.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-38.” The Series 20172018-3 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.778 3.18% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.928 3.35% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-38” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 8 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 8 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-3 8 shall be an Excess Allocation Series. Series 20172018-3 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 8 shall be the March 2017 October 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April September 30, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-3 8 Certificates by issuing and selling additional Series 20172018-3 8 Certificates. Any additional Series 20172018-3 8 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 8 shall be a Repurchase Reporting Series. (f) Series 20172018-3 8 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 8 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-38.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-3.” The Series 20172025-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-3 1.774.51% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-3 1.924.83% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-3 shall be an Excess Allocation Series. Series 20172025-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172025-3 shall be the March 2017 June 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-3 Certificates by issuing and selling additional Series 20172025-3 Certificates. Any additional Series 20172025-3 Certificates so issued shall be treated, for all purpose, like the Series 20172025-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-3 shall be a Repurchase Reporting Series. (f) Series 20172025-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-3.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-36.” The Series 20172018-3 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-3 1.776 3.06% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-3 1.926 3.25% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-36” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-3 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-3 6 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-3 6 shall be an Excess Allocation Series. Series 20172018-3 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-3 6 shall be the March 2017 August 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-3 6 Certificates by issuing and selling additional Series 20172018-3 6 Certificates. Any additional Series 20172018-3 6 Certificates so issued shall be treated, for all purpose, like the Series 20172018-3 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-3 6 shall be a Repurchase Reporting Series. (f) Series 20172018-3 6 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-3 6 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-36.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-36.” The Series 2017-3 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.776 2.04% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.926 2.20% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-36” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 6 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-3 6 shall be an Excess Allocation Series. Series 2017-3 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 6 shall be the March November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30October 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 6 Certificates by issuing and selling additional Series 2017-3 6 Certificates. Any additional Series 2017-3 6 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 6 shall be a Repurchase Reporting Series. (f) Series 2017-3 6 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 6 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-36.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-32.” The Series 20172025-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-3 1.772 4.28% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-3 1.922 4.59% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-3 2 shall be an Excess Allocation Series. Series 20172025-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172025-3 2 shall be the March 2017 June 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-3 2 Certificates by issuing and selling additional Series 20172025-3 2 Certificates. Any additional Series 20172025-3 2 Certificates so issued shall be treated, for all purpose, like the Series 20172025-3 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-3 2 shall be a Repurchase Reporting Series. . (f) Series 20172025-3 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-3 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-32.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-37.” The Series 2017-3 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.777 2.35% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.927 2.54% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-37” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 7 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 7 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-3 7 shall be an Excess Allocation Series. Series 2017-3 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 7 shall be the March November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30October 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 7 Certificates by issuing and selling additional Series 2017-3 7 Certificates. Any additional Series 2017-3 7 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 7 shall be a Repurchase Reporting Series. (f) Series 2017-3 7 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 7 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-37.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-31.” The Series 20172025-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-3 1.771 4.56% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-3 1.921 4.96% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-3 1 shall be an Excess Allocation Series. Series 20172025-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172025-3 1 shall be the March 2017 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 28, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-3 1 Certificates by issuing and selling additional Series 20172025-3 1 Certificates. Any additional Series 20172025-3 1 Certificates so issued shall be treated, for all purpose, like the Series 20172025-3 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-3 1 shall be a Repurchase Reporting Series. (f) Series 20172025-3 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-3 1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-31.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172024-32.” The Series 20172024-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172024-3 1.772 5.24% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172024-3 1.922 5.51% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172024-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172024-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172024-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172024-3 2 shall be an Excess Allocation Series. Series 20172024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172024-3 2 shall be the March 2017 May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 20172024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172024-3 2 Certificates by issuing and selling additional Series 20172024-3 2 Certificates. Any additional Series 20172024-3 2 Certificates so issued shall be treated, for all purpose, like the Series 20172024-3 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172024-3 2 shall be a Repurchase Reporting Series. (f) Series 20172024-3 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172024-3 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172024-32.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-34.” The Series 20172023-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-3 1.774 5.15% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-3 1.924 5.46% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-3 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-3 4 shall be an Excess Allocation Series. Series 20172023-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-3 4 shall be the March 2017 October 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April September 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-3 4 Certificates by issuing and selling additional Series 20172023-3 4 Certificates. Any additional Series 20172023-3 4 Certificates so issued shall be treated, for all purpose, like the Series 20172023-3 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-3 4 shall be a Repurchase Reporting Series. . (f) Series 20172023-3 4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-34.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172015-31.” The Series 20172015-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172015-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172015-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172015-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172015-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172015-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172015-3 1 shall be an Excess Allocation Series. Series 20172015-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172015-3 1 shall be the March 2017 August 2015 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 20172015. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172015-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172015-31.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-31.” The Series 20172007-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 1 shall be an Excess Allocation Series. Series 20172007-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 1 shall be the March 2017 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 24, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-36.” The Series 20172007-3 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% 6 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% 6 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-36” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 6 shall be an Excess Allocation Series. Series 20172007-3 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 6 shall be the March 2017 August 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 24, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-34.” The Series 20172025-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-3 1.774 4.30% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-3 1.924 4.69% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-3 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-3 4 shall be an Excess Allocation Series. Series 20172025-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date after the Closing Date with respect to Series 20172025-3 4 shall be the March 2017 August 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-3 4 Certificates by issuing and selling additional Series 20172025-3 4 Certificates. Any additional Series 20172025-3 4 Certificates so issued shall be treated, for all purpose, like the Series 20172025-3 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-3 4 shall be a Repurchase Reporting Series. . (f) Series 20172025-3 4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-34.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-32.” The Series 20172012-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-3 1.772 0.68% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-3 1.922 0.99% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172012-3 2 shall be an Excess Allocation Series. Series 20172012-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-3 2 shall be the March 2017 September 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30August 25, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-3 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-32.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-35.” The Series 20172008-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 5 shall be an Excess Allocation Series. Series 20172008-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 5 shall be the March 2017 July 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30June 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-34.” The Series 20172014-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-3 1.774 1.43% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-3 1.924 1.62% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-3 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172014-3 4 shall be an Excess Allocation Series. Series 20172014-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-3 4 shall be the March 2017 December 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 24, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-35.” The Series 20172014-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-3 1.77% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-3 1.92% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-3 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172014-3 5 shall be an Excess Allocation Series. Series 20172014-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-3 5 shall be the March 2017 December 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 24, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-32.” The Series 20172008-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 2 shall be an Excess Allocation Series. Series 20172008-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 2 shall be the March 2017 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-3.” The Series 20172014-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-3 1.771.49% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-3 1.921.73% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172014-3 shall be an Excess Allocation Series. Series 20172014-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-3 shall be the March 2017 October 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30September 24, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-34.” The Series 20172007-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% 4 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 4 shall be an Excess Allocation Series. Series 20172007-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 4 shall be the March 2017 June 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 25, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-32.” The Series 20172014-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-3 1.772 1.26% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-3 1.922 1.42% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172014-3 2 shall be an Excess Allocation Series. Series 20172014-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-3 2 shall be the March 2017 August 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 25, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172014-3 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172014-32.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-31.” The Series 20172012-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172012-3 1 shall be an Excess Allocation Series. Series 20172012-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-3 1 shall be the March 2017 July 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30June 24, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172012-31.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-38.” The Series 20172008-3 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 8 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-38” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 8 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 8 shall be an Excess Allocation Series. Series 20172008-3 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 8 shall be the March 2017 October 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30September 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172013-3.” The Series 20172013-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172013-3 1.770.98% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172013-3 1.921.28% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172013-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172013-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172013-3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172013-3 shall be an Excess Allocation Series. Series 20172013-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172013-3 shall be the March 2017 December 2013 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 24, 20172013. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172013-3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172013-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-3.” The Series 20172008-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 shall be an Excess Allocation Series. Series 20172008-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 shall be the March 2017 May 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 3024, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-35.” The Series 2017-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.77% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.92% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 2017-3 5 shall be an Excess Allocation Series. Series 2017-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 5 shall be the March August 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for Table of Contents federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 5 Certificates by issuing and selling additional Series 2017-3 5 Certificates. Any additional Series 2017-3 5 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 5 shall be a Repurchase Reporting Series. (f) Series 2017-3 5 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 5 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 2017-35.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172011-32.” The Series 20172011-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172011-3 1.77% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172011-3 1.92% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172011-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172011-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172011-3 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172011-3 2 shall be an Excess Allocation Series. Series 20172011-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172011-3 2 shall be the March 2017 December 2011 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 24, 20172011. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-34.” The Series 20172025-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-3 1.774 4.30% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-3 1.924 4.69% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-3 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-3 4 shall be an Excess Allocation Series. Series 20172025-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date after the closing date with respect to Series 20172025-3 4 shall be the March 2017 August 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-3 4 Certificates by issuing and selling additional Series 20172025-3 4 Certificates. Any additional Series 20172025-3 4 Certificates so issued shall be treated, for all purpose, like the Series 20172025-3 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-3 4 shall be a Repurchase Reporting Series. . (f) Series 20172025-3 4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-34.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-31.” The Series 20172008-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 1 shall be an Excess Allocation Series. Series 20172008-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 1 shall be the March 2017 February 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30January 25, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-38.” The Series 20172007-3 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% 8 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-38” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 8 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 8 shall be an Excess Allocation Series. Series 20172007-3 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 8 shall be the March 2017 November 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30October 24, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-3.” The Series 20172012-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-3 1.77% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-3 1.92% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172012-3 shall be an Excess Allocation Series. Series 20172012-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-3 shall be the March 2017 September 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30August 25, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as "American Express Credit Account Master Trust, Series 20172005-31." The Series 20172005-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20172005-3 1.77% 1 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20172005-3 1.92% 1 Floating Rate Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20172005-3” 1" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172005-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172005-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172005-3 1 shall be an Excess Allocation Series. Series 20172005-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172005-3 1 shall be the March 2017 April 2005 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30March 27, 20172005. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172013-32.” The Series 20172013-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172013-3 1.77% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172013-3 1.92% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172013-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172013-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172013-3 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172013-3 2 shall be an Excess Allocation Series. Series 20172013-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172013-3 2 shall be the March 2017 December 2013 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 24, 20172013. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172013-3 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172013-32.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172010-31.” The Series 20172010-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172010-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172010-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172010-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172010-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172010-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172010-3 1 shall be an Excess Allocation Series. Series 20172010-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172010-3 1 shall be the March 2017 June 2010 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 25, 20172010. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-32.” The Series 20172007-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 2 shall be an Excess Allocation Series. Series 20172007-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 2 shall be the March 2017 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 24, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172009-32.” The Series 20172009-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172009-3 1.77% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172009-3 1.92% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172009-32” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172009-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172009-3 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172009-3 2 shall be an Excess Allocation Series. Series 20172009-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172009-3 2 shall be the March 2017 October 2009 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30September 24, 20172009. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-34.” The Series 20172012-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-3 1.77% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-3 1.92% 4 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-3 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172012-3 4 shall be an Excess Allocation Series. Series 20172012-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-3 4 shall be the March 2017 December 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 24, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-3 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-3.4

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-35.” The Series 20172007-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 5 shall be an Excess Allocation Series. Series 20172007-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 5 shall be the March 2017 June 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 25, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-3.” The Series 20172007-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-3” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 shall be an Excess Allocation Series. Series 20172007-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 shall be the March 2017 April 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30March 26, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as "American Express Credit Account Master Trust, Series 20171999-32." The Series 20171999-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20171999-3 1.772 5.95% Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20171999-3 1.922 6.10% Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20171999-3” 2" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20171999-3 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20171999-3 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20171999-3 2 shall be an Excess Allocation Series. Series 20171999-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171999-3 2 shall be the March 2017 June 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date Date, and end on and include April 30May 25, 20171999. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-34.” The Series 20172008-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 4 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-34” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 4 shall be an Excess Allocation Series. Series 20172008-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 4 shall be the March 2017 May 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 3024, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as "American Express Credit Account Master Trust, Series 20172001-36." The Series 20172001-3 6 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20172001-3 1.77% 6 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20172001-3 1.92% 6 Floating Rate Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20172001-3” 6" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172001-3 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172001-3 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172001-3 6 shall be an Excess Allocation Series. Series 20172001-3 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172001-3 6 shall be the March 2017 July 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30June 23, 20172001. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172022-31.” The Series 20172022-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172022-3 1.771 2.21% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172022-3 1.921 2.50% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172022-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172022-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172022-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172022-3 1 shall be an Excess Allocation Series. Series 20172022-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172022-3 1 shall be the March 2017 April 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30March 31, 20172022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172022-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.1

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-35.” The Series 20172025-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-3 1.775 4.51% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-3 1.925 4.90% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-3 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-3 5 shall be an Excess Allocation Series. Series 20172025-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date after the closing date with respect to Series 20172025-3 5 shall be the March 2017 August 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-3 5 Certificates by issuing and selling additional Series 20172025-3 5 Certificates. Any additional Series 20172025-3 5 Certificates so issued shall be treated, for all purpose, like the Series 20172025-3 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-3 5 shall be a Repurchase Reporting Series. . (f) Series 20172025-3 5 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-3 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-35.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172011-31.” The Series 20172011-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172011-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172011-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172011-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172011-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172011-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172011-3 1 shall be an Excess Allocation Series. Series 20172011-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172011-3 1 shall be the March 2017 November 2011 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30October 25, 20172011. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-35.” The Series 20172025-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-3 1.775 4.51% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-3 1.925 4.90% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-3 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-3 5 shall be an Excess Allocation Series. Series 20172025-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date after the Closing Date with respect to Series 20172025-3 5 shall be the March 2017 August 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-3 5 Certificates by issuing and selling additional Series 20172025-3 5 Certificates. Any additional Series 20172025-3 5 Certificates so issued shall be treated, for all purpose, like the Series 20172025-3 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-3 5 shall be a Repurchase Reporting Series. . (f) Series 20172025-3 5 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-3 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-35.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-31.” The Series 20172014-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172014-3 1 shall be an Excess Allocation Series. Series 20172014-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-3 1 shall be the March 2017 June 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30May 25, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172014-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172014-31.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as "American Express Credit Account Master Trust, Series 20171999-3." The Series 20171999-3 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20171999-3 1.77% Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20171999-3 1.92% Floating Rate Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20171999-3" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20171999-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20171999-3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20171999-3 shall be an Excess Allocation Series. Series 20171999-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171999-3 shall be the March 2017 June 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date May 19, 1999, and end on and include April 30May 25, 20171999. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172013-31.” The Series 20172013-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172013-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172013-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172013-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172013-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172013-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172013-3 1 shall be an Excess Allocation Series. Series 20172013-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172013-3 1 shall be the March 2017 August 2013 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 25, 20172013. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172013-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172013-31.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-35.” The Series 20172012-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-3 1.775 0.59% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-3 1.925 0.77% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-3 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20172012-3 5 shall be an Excess Allocation Series. Series 20172012-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-3 5 shall be the March 2017 December 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30November 24, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-3 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-35.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-35.” The Series 2017-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-3 1.77% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-3 1.92% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-35” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-3 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-3 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 2017-3 5 shall be an Excess Allocation Series. Series 2017-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-3 5 shall be the March August 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for Table of Contents federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 5 Certificates by issuing and selling additional Series 2017-3 5 Certificates. Any additional Series 2017-3 5 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 5 shall be a Repurchase Reporting Series. (f) Series 2017-3 5 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 5 with respect to any Rating Agency (other than Standard & Poor’s▇▇▇▇▇’▇) then rating Series 2017-35.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-37.” The Series 20172008-3 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 7 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-37” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 7 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 7 shall be an Excess Allocation Series. Series 20172008-3 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 7 shall be the March 2017 September 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30August 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement Supplement (American Express Credit Account Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-37.” The Series 20172007-3 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-3 1.77% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-3 1.92% 7 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-37” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-3 7 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-3 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-3 7 shall be an Excess Allocation Series. Series 20172007-3 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-3 7 shall be the March 2017 August 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 24, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-36.” The Series 20172008-3 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 6 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 6 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-36” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 6 shall be an Excess Allocation Series. Series 20172008-3 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 6 shall be the March 2017 August 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172009-31.” The Series 20172009-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172009-3 1.77% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172009-3 1.92% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172009-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172009-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172009-3 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172009-3 1 shall be an Excess Allocation Series. Series 20172009-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172009-3 1 shall be the March 2017 July 2009 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30June 25, 20172009. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-39.” The Series 20172008-3 9 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-3 1.77% 9 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-3 1.92% 9 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-39” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-3 9 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-3 9 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-3 9 shall be an Excess Allocation Series. Series 20172008-3 9 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-3 9 shall be the March 2017 October 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30September 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-3 Certificates by issuing and selling additional Series 2017-3 Certificates. Any additional Series 2017-3 Certificates so issued shall be treated, for all purpose, like the Series 2017-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-3 shall be a Repurchase Reporting Series. (f) Series 2017-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-3.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)