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 2024-1.” The Series 2024-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-1 5.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-1 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 2024-1” 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 2024-1 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 2024-1 shall be included in Group I and shall be a Principal Sharing Series. Series 2024-1 shall be an Excess Allocation Series. Series 2024-1 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 2024-1 shall be the May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242000-14." The Series 20242000-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20242000-1 5.23% 4 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20242000-1 5.50% 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 20242000-1” 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 20242000-1 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 20242000-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242000-1 4 shall be an Excess Allocation Series. Series 20242000-1 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 20242000-1 4 shall be the May 2024 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, 20242000. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242019-13.” The Series 20242019-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242019-1 5.233 2.00% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242019-1 5.503 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 20242019-13” 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 20242019-1 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 20242019-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20242019-1 3 shall be an Excess Allocation Series. Series 20242019-1 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 20242019-1 3 shall be the May 2024 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, 20242019. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242019-1 3 Certificates by issuing and selling additional Series 20242019-1 3 Certificates. Any additional Series 20242019-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20242019-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242019-1 3 shall be a Repurchase Reporting Series. (f) Series 20242019-1 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 20242019-1 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242019-13.

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 20242018-1.” The Series 20242018-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.232.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.502.82% 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 20242018-1” 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 20242018-1 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 20242018-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242018-1 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 shall be the May 2024 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, 20242018. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242018-1 Certificates by issuing and selling additional Series 20242018-1 Certificates. Any additional Series 20242018-1 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242018-1.

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 20242017-12.” The Series 20242017-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.23% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.50% 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 20242017-12” 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 20242017-1 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 20242017-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242017-1 2 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 2 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 2 Certificates by issuing and selling additional Series 20242017-1 2 Certificates. Any additional Series 20242017-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 2 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242017-12.

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 20242018-14.” The Series 20242018-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.234 2.99% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.504 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 20242018-14” 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 20242018-1 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 20242018-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20242018-1 4 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 4 shall be the May 2024 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, 20242018. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242018-1 4 Certificates by issuing and selling additional Series 20242018-1 4 Certificates. Any additional Series 20242018-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 4 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242018-14.

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 consisting of an Investor Certificates Certificate to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242002-1CC." The Series 20242002-1 Certificates shall be issued in two Classes, the first of which CC Certificate shall be known as the “Class A Series 2024-1 5.23% "Asset Backed Certificates” Certificate, Series 2002-CC." The Series 2002-CC Certificate shall constitute a "security" within the meaning of (i) Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the State of New York and (ii) the Uniform Commercial Code of any other applicable jurisdiction that presently or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the second National Conference of which shall be known as Commissioners on Uniform State Laws and approved by the “Class B Series 2024-1 5.50% Asset Backed Certificates.” In additionAmerican Bar Association on February 14, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2024-1” 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 2024-1 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 Supplement1995. (b) Series 20242002-1 CC shall be included in Group I One and shall be a Principal Sharing Series. Series 20242002-1 shall be an Excess Allocation Series. Series 2024-1 CC 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 20242002-1 CC shall be the May 2024 November 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024Date. (c) In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) This Supplement is the Series 2002-CC Supplement referred to in the Transfer and Administration Agreement, dated as of October 9, 2002, among Capital One Multi-asset Execution Trust, as issuer, the Transferor, as transferor, Capital One Bank, as administrator, and The Bank of New York, as indenture trustee. (e) 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 apply to cause the Collateral Interest Series 2002-CC Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsintends and, and together with the Collateral Interest HolderSeries 2002-CC Certificateholder, agree agrees to treat the Collateral Interest Series 2002-CC Certificate 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One 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 20242017-13.” The Series 20242017-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.233 1.77% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.503 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 20242017-13” 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 20242017-1 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 20242017-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20242017-1 3 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 3 shall be the May 2024 March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 3 Certificates by issuing and selling additional Series 20242017-1 3 Certificates. Any additional Series 20242017-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 3 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242017-13.

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 20242018-13.” The Series 20242018-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.23% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.50% 3 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 20242018-13” 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 20242018-1 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 20242018-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242018-1 3 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 3 shall be the May 2024 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, 20242018. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242018-1 3 Certificates by issuing and selling additional Series 20242018-1 3 Certificates. Any additional Series 20242018-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 3 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242018-13.

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 20242017-1.” The Series 20242017-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.231.93% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.502.10% 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 20242017-1” 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 20242017-1 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 20242017-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242017-1 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 Certificates by issuing and selling additional Series 20242017-1 Certificates. Any additional Series 20242017-1 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242017-1.

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 20242018-15.” The Series 20242018-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.23% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.50% 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 20242018-15” 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 20242018-1 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 20242018-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242018-1 5 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 5 shall be the May 2024 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, 20242018. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242018-1 5 Certificates by issuing and selling additional Series 20242018-1 5 Certificates. Any additional Series 20242018-1 5 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 5 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242018-15.

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 20242018-18.” The Series 20242018-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.238 3.18% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.508 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 20242018-18” 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 20242018-1 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 20242018-1 8 shall be included in Group I and shall be a Principal Sharing Series. Series 20242018-1 8 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 8 shall be the May 2024 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, 20242018. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242018-1 8 Certificates by issuing and selling additional Series 20242018-1 8 Certificates. Any additional Series 20242018-1 8 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 8 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 8 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242018-18.

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 20242018-16.” The Series 20242018-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.236 3.06% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.506 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 20242018-16” 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 20242018-1 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 20242018-1 6 shall be included in Group I and shall be a Principal Sharing Series. Series 20242018-1 6 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 6 shall be the May 2024 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, 20242018. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242018-1 6 Certificates by issuing and selling additional Series 20242018-1 6 Certificates. Any additional Series 20242018-1 6 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 6 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 6 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242018-16.

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 20242017-16.” The Series 20242017-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.236 2.04% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.506 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 20242017-16” 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 20242017-1 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 20242017-1 6 shall be included in Group I and shall be a Principal Sharing Series. Series 20242017-1 6 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 6 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 6 Certificates by issuing and selling additional Series 20242017-1 6 Certificates. Any additional Series 20242017-1 6 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 6 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 6 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242017-16.

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 2024-12.” The Series 2024-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-1 5.232 5.24% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-1 5.502 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 2024-12” 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 2024-1 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 2024-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 2024-1 2 shall be an Excess Allocation Series. Series 2024-1 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 2024-1 2 shall be the May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 2024-1 2 Certificates by issuing and selling additional Series 2024-1 2 Certificates. Any additional Series 2024-1 2 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 2 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-12.

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 2024-13.” The Series 2024-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-1 5.233 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-1 5.503 5.08% 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 2024-13” 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 2024-1 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 2024-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 2024-1 3 shall be an Excess Allocation Series. Series 2024-1 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 2024-1 3 shall be the May August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30July 31, 2024. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 2024-1 3 Certificates by issuing and selling additional Series 2024-1 3 Certificates. Any additional Series 2024-1 3 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 3 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-13.

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 20242021-1.” The Series 20242021-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242021-1 5.230.90% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242021-1 5.501.10% 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 20242021-1” 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 20242021-1 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 20242021-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242021-1 shall be an Excess Allocation Series. Series 20242021-1 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 20242021-1 shall be the May 2024 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, 20242021. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242021-1 Certificates by issuing and selling additional Series 20242021-1 Certificates. Any additional Series 20242021-1 Certificates so issued shall be treated, for all purpose, like the Series 20242021-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242021-1 shall be a Repurchase Reporting Series. (f) Series 20242021-1 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 20242021-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242021-1.

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 20242025-1.” The Series 20242025-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242025-1 5.234.56% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242025-1 5.504.96% 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 20242025-1” 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 20242025-1 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 20242025-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242025-1 shall be an Excess Allocation Series. Series 20242025-1 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 20242025-1 shall be the May 2024 March 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 28, 20242025. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242025-1 Certificates by issuing and selling additional Series 20242025-1 Certificates. Any additional Series 20242025-1 Certificates so issued shall be treated, for all purpose, like the Series 20242025-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242025-1 shall be a Repurchase Reporting Series. (f) Series 20242025-1 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 20242025-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242025-1.

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 20242017-14.” The Series 20242017-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.234 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.504 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 20242017-14” 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 20242017-1 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 20242017-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20242017-1 4 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 4 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 4 Certificates by issuing and selling additional Series 20242017-1 4 Certificates. Any additional Series 20242017-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 4 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242017-14.

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 20242023-13.” The Series 20242023-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242023-1 3 5.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242023-1 5.503 5.52% 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 20242023-13” 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 20242023-1 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 20242023-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20242023-1 3 shall be an Excess Allocation Series. Series 20242023-1 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 20242023-1 3 shall be the May 2024 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, 20242023. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242023-1 3 Certificates by issuing and selling additional Series 20242023-1 3 Certificates. Any additional Series 20242023-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20242023-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242023-1 3 shall be a Repurchase Reporting Series. (f) Series 20242023-1 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 20242023-1 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242023-13.

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 20242025-12.” The Series 20242025-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242025-1 5.232 4.28% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242025-1 5.502 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 20242025-12” 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 20242025-1 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 20242025-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20242025-1 2 shall be an Excess Allocation Series. Series 20242025-1 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 20242025-1 2 shall be the May 2024 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, 20242025. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242025-1 2 Certificates by issuing and selling additional Series 20242025-1 2 Certificates. Any additional Series 20242025-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20242025-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242025-1 2 shall be a Repurchase Reporting Series. . (f) Series 20242025-1 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 20242025-1 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242025-12.

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 20242017-17.” The Series 20242017-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.237 2.35% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.507 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 20242017-17” 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 20242017-1 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 20242017-1 7 shall be included in Group I and shall be a Principal Sharing Series. Series 20242017-1 7 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 7 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 7 Certificates by issuing and selling additional Series 20242017-1 7 Certificates. Any additional Series 20242017-1 7 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 7 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 7 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242017-17.

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 20242019-14.” The Series 20242019-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242019-1 5.23% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242019-1 5.50% 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 20242019-14” 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 20242019-1 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 20242019-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242019-1 4 shall be an Excess Allocation Series. Series 20242019-1 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 20242019-1 4 shall be the May 2024 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, 20242019. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242019-1 4 Certificates by issuing and selling additional Series 20242019-1 4 Certificates. Any additional Series 20242019-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20242019-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242019-1 4 shall be a Repurchase Reporting Series. (f) Series 20242019-1 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 20242019-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242019-14.

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 20242022-12.” The Series 20242022-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242022-1 5.232 3.39% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242022-1 5.502 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 20242022-12” 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 20242022-1 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 20242022-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20242022-1 2 shall be an Excess Allocation Series. Series 20242022-1 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 20242022-1 2 shall be the May 2024 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, 20242022. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242022-1 2 Certificates by issuing and selling additional Series 20242022-1 2 Certificates. Any additional Series 20242022-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20242022-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242022-1 2 shall be a Repurchase Reporting Series. (f) Series 20242022-1 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 20242022-1 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242022-12.

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 20242025-13.” The Series 20242025-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242025-1 5.233 4.51% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242025-1 5.503 4.83% 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 20242025-13” 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 20242025-1 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 20242025-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20242025-1 3 shall be an Excess Allocation Series. Series 20242025-1 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 20242025-1 3 shall be the May 2024 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, 20242025. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242025-1 3 Certificates by issuing and selling additional Series 20242025-1 3 Certificates. Any additional Series 20242025-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20242025-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242025-1 3 shall be a Repurchase Reporting Series. (f) Series 20242025-1 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 20242025-1 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242025-13.

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 in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241999-1M Certificates." The Series 2024-1 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-1 5.236.60% Asset Backed Certificates, Series 1999-M (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-1 5.506.80% Asset Backed Certificates.” , Series 1999-M (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-1” and which shall be deemed to be an "Investor Certificates” Certificate" 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 Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-1 for all purposes of M (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 SupplementInterest"). (b) Series 20241999-1 M shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-1 shall be an Excess Allocation Series. Series 2024-1 M 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 2024-1 shall be the May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, 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 and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 2 contracts

Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust 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 20242022-13.” The Series 20242022-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242022-1 5.233 3.75% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242022-1 5.503 4.07% 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 20242022-13” 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 20242022-1 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 20242022-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20242022-1 3 shall be an Excess Allocation Series. Series 20242022-1 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 20242022-1 3 shall be the May 2024 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, 20242022. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242022-1 3 Certificates by issuing and selling additional Series 20242022-1 3 Certificates. Any additional Series 20242022-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20242022-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242022-1 3 shall be a Repurchase Reporting Series. (f) Series 20242022-1 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 20242022-1 3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242022-13.

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 20242019-1.” The Series 20242019-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242019-1 5.232.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242019-1 5.503.07% 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 20242019-1” 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 20242019-1 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 20242019-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242019-1 shall be an Excess Allocation Series. Series 20242019-1 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 20242019-1 shall be the May 2024 March 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 28, 20242019. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242019-1 Certificates by issuing and selling additional Series 20242019-1 Certificates. Any additional Series 20242019-1 Certificates so issued shall be treated, for all purpose, like the Series 20242019-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242019-1 shall be a Repurchase Reporting Series. (f) Series 20242019-1 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 20242019-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242019-1.

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 20242018-19.” The Series 20242018-1 9 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.23% 9 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.50% 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 20242018-19” 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 20242018-1 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 20242018-1 9 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242018-1 9 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 9 shall be the May 2024 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, 20242018. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242018-1 9 Certificates by issuing and selling additional Series 20242018-1 9 Certificates. Any additional Series 20242018-1 9 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 9 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 9 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 9 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242018-19.

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 20242018-17.” The Series 20242018-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.23% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.50% 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 20242018-17” 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 20242018-1 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 20242018-1 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242018-1 7 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 7 shall be the May 2024 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, 20242018. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242018-1 7 Certificates by issuing and selling additional Series 20242018-1 7 Certificates. Any additional Series 20242018-1 7 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 7 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 7 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242018-17.

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 20242022-14.” The Series 20242022-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242022-1 5.234 4.95% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242022-1 5.504 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 20242022-14” 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 20242022-1 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 20242022-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20242022-1 4 shall be an Excess Allocation Series. Series 20242022-1 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 20242022-1 4 shall be the May 2024 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, 20242022. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242022-1 4 Certificates by issuing and selling additional Series 20242022-1 4 Certificates. Any additional Series 20242022-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20242022-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242022-1 4 shall be a Repurchase Reporting Series. (f) Series 20242022-1 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 20242022-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242022-14.

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 20242017-18.” The Series 20242017-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.23% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.50% 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 20242017-18” 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 20242017-1 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 20242017-1 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242017-1 8 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 8 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 8 Certificates by issuing and selling additional Series 20242017-1 8 Certificates. Any additional Series 20242017-1 8 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 8 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 8 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242017-18.

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 20242018-12.” The Series 20242018-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-1 5.232 3.01% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-1 5.502 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 20242018-12” 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 20242018-1 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 20242018-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20242018-1 2 shall be an Excess Allocation Series. Series 20242018-1 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 20242018-1 2 shall be the May 2024 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, 20242018. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242018-1 2 Certificates by issuing and selling additional Series 20242018-1 2 Certificates. Any additional Series 20242018-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20242018-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242018-1 2 shall be a Repurchase Reporting Series. (f) Series 20242018-1 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 20242018-1 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242018-12.

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 in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241999-1B Certificates." The Series 2024-1 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-1 5.235.90% Asset Backed Certificates, Series 1999-B (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-1 5.506.20% Asset Backed Certificates.” , Series 1999-B (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-1” and which shall be deemed to be an "Investor Certificates” Certificate" 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 Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-1 for all purposes of B (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 SupplementInterest"). (b) Series 20241999-1 B shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-1 shall be an Excess Allocation Series. Series 2024-1 B 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 2024-1 shall be the May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, 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 and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust 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 20242023-14.” The Series 20242023-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242023-1 5.234 5.15% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242023-1 5.504 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 20242023-14” 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 20242023-1 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 20242023-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20242023-1 4 shall be an Excess Allocation Series. Series 20242023-1 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 20242023-1 4 shall be the May 2024 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, 20242023. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242023-1 4 Certificates by issuing and selling additional Series 20242023-1 4 Certificates. Any additional Series 20242023-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20242023-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242023-1 4 shall be a Repurchase Reporting Series. . (f) Series 20242023-1 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 20242023-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242023-14.

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 20242019-12.” The Series 20242019-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242019-1 5.232 2.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242019-1 5.502 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 20242019-12” 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 20242019-1 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 20242019-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20242019-1 2 shall be an Excess Allocation Series. Series 20242019-1 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 20242019-1 2 shall be the May 2024 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 20242019. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242019-1 2 Certificates by issuing and selling additional Series 20242019-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.2

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 "Capital One Master Trust, Series 20242002-13." The Series 20242002-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2024-1 5.23% Floating Rate Asset Backed Certificates, Series 2002-3" and the second of which shall be known as the "Class B Series 2024-1 5.504.55% Asset Backed Certificates, Series 2002-3." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") 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 and which shall be considered a Class of known as the "Collateral Interest, Series 20242002-1 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 Supplement3." (b) Series 20242002-1 3 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242002-1 shall be an Excess Allocation Series. Series 2024-1 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 20242002-1 3 shall be the May 2024 June 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, 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 and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One 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 20242012-1.” The Series 20242012-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242012-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242012-1 5.50% 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 20242012-1” 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 20242012-1 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 20242012-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242012-1 shall be an Excess Allocation Series. Series 20242012-1 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 20242012-1 shall be the May 2024 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, 20242012. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242012-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242012-1.

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 20242017-15.” The Series 20242017-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.23% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.50% 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 20242017-15” 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 20242017-1 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 20242017-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242017-1 5 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 5 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 5 Certificates by issuing and selling additional Series 20242017-1 5 Certificates. Any additional Series 20242017-1 5 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 5 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 5 with respect to any Rating Agency (other than Standard & Poor’s▇▇▇▇▇’▇) then rating Series 20242017-15.

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 20242025-15.” The Series 20242025-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242025-1 5.235 4.51% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242025-1 5.505 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 20242025-15” 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 20242025-1 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 20242025-1 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20242025-1 5 shall be an Excess Allocation Series. Series 20242025-1 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 20242025-1 5 shall be the May 2024 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, 20242025. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242025-1 5 Certificates by issuing and selling additional Series 20242025-1 5 Certificates. Any additional Series 20242025-1 5 Certificates so issued shall be treated, for all purpose, like the Series 20242025-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242025-1 5 shall be a Repurchase Reporting Series. . (f) Series 20242025-1 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 20242025-1 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242025-15.

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 20242008-13.” The Series 20242008-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 3 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 20242008-13” 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 20242008-1 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 20242008-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 3 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 3 shall be the May 2024 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 3024, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242017-15.” The Series 20242017-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242017-1 5.23% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242017-1 5.50% 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 20242017-15” 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 20242017-1 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 20242017-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242017-1 5 shall be an Excess Allocation Series. Series 20242017-1 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 20242017-1 5 shall be the May 2024 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, 20242017. (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 Transferor intendsTransferors 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 Transferor Transferors may, from time to time, increase the amount of the Series 20242017-1 5 Certificates by issuing and selling additional Series 20242017-1 5 Certificates. Any additional Series 20242017-1 5 Certificates so issued shall be treated, for all purpose, like the Series 20242017-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242017-1 5 shall be a Repurchase Reporting Series. (f) Series 20242017-1 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 20242017-1 5 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242017-15.

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 20242012-14.” The Series 20242012-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242012-1 5.23% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242012-1 5.50% 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 20242012-14” 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 20242012-1 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 20242012-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242012-1 4 shall be an Excess Allocation Series. Series 20242012-1 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 20242012-1 4 shall be the May 2024 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, 20242012. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242012-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242012-1.4

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 20242012-15.” The Series 20242012-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242012-1 5.235 0.59% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242012-1 5.505 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 20242012-15” 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 20242012-1 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 20242012-1 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20242012-1 5 shall be an Excess Allocation Series. Series 20242012-1 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 20242012-1 5 shall be the May 2024 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, 20242012. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242012-1 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242012-15.

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 20242013-13.” The Series 20242013-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242013-1 5.233 0.98% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242013-1 5.503 1.28% 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 20242013-13” 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 20242013-1 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 20242013-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20242013-1 3 shall be an Excess Allocation Series. Series 20242013-1 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 20242013-1 3 shall be the May 2024 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, 20242013. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242013-1 3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242013-13.

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 20242013-12.” The Series 20242013-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242013-1 5.23% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242013-1 5.50% 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 20242013-12” 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 20242013-1 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 20242013-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242013-1 2 shall be an Excess Allocation Series. Series 20242013-1 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 20242013-1 2 shall be the May 2024 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, 20242013. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242013-1 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242013-12.

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 20242010-1.” The Series 20242010-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242010-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242010-1 5.50% 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 20242010-1” 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 20242010-1 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 20242010-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242010-1 shall be an Excess Allocation Series. Series 20242010-1 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 20242010-1 shall be the May 2024 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, 20242010. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 the "Chevy Chase Master Credit Account Master TrustCard Trust II, Series 20241996-1.” C." The Series 2024-1 of Investor Certificates created hereby shall be issued in two three Classes, the first of which shall be known as the "Class A Series 2024-1 5.23% Floating Rate Asset Backed Certificates” and , Series 1996-C," the second of which shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a Series 1996-C" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Floating Rate Asset Backed Interests, Series 20241996-1” and which C." Except as expressly provided herein, the Class C Interests 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 2024-1 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. The Class C Interests shall be issued in uncertificated form. Notwithstanding anything to the contrary in the Agreement, (i) none of the Class B Certificateholders or the Class C Interest Holders shall be deemed to be a Series Enhancer for Series 1996-C and (ii) the Cash Collateral Depositor or the Spread Account Residual Interest Holder shall be deemed to be a Series Enhancer only if such Person is not a Transferor, the Servicer or an Affiliate thereof. (b) Series 20241996-1 C shall be included in Group I and shall be a Principal Sharing Series. Series 20241996-1 shall be an Excess Allocation Series. Series 2024-1 C 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 20241996-1 C shall be the May 2024 February 1997 Distribution Date and the first Monthly Period shall begin on and include be the period from the Closing Date and end on and include April 30until January 31, 20241997. (c) Except The Class C Interest Holders, as holders of "Investor Certificates" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement (including the Class C Supplemental Agreement). Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, form, execution, authentication, delivery, presentation, cancellation cancellation, exchange, disposal and surrender of Registered Certificates shall not be applicable apply 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 Transferor 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 TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chevy Chase Bank FSB)

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 20242001-16." The Series 20242001-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20242001-1 5.23% 6 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20242001-1 5.50% 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 20242001-1” 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 20242001-1 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 20242001-1 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242001-1 6 shall be an Excess Allocation Series. Series 20242001-1 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 20242001-1 6 shall be the May 2024 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, 20242001. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242013-1.” The Series 20242013-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242013-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242013-1 5.50% 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 20242013-1” 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 20242013-1 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 20242013-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242013-1 shall be an Excess Allocation Series. Series 20242013-1 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 20242013-1 shall be the May 2024 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, 20242013. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242013-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242013-1.

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 "Capital One Master Trust, Series 20242002-14." The Series 20242002-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2024-1 5.234.90% Asset Backed Certificates, Series 2002-4" and the second of which shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates, Series 2002-4." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") 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 and which shall be considered a Class of known as the "Collateral Interest, Series 20242002-1 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 Supplement4." (b) Series 20242002-1 4 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242002-1 shall be an Excess Allocation Series. Series 2024-1 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 20242002-1 4 shall be the May 2024 July 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, 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 and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One 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 20242005-1." The Series 20242005-1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20242005-1 5.23% Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20242005-1 5.50% 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 20242005-1" 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 20242005-1 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 20242005-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242005-1 shall be an Excess Allocation Series. Series 20242005-1 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 20242005-1 shall be the May 2024 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, 20242005. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242025-15.” The Series 20242025-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242025-1 5.235 4.51% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242025-1 5.505 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 20242025-15” 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 20242025-1 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 20242025-1 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20242025-1 5 shall be an Excess Allocation Series. Series 20242025-1 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 20242025-1 5 shall be the May 2024 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, 20242025. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242025-1 5 Certificates by issuing and selling additional Series 20242025-1 5 Certificates. Any additional Series 20242025-1 5 Certificates so issued shall be treated, for all purpose, like the Series 20242025-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242025-1 5 shall be a Repurchase Reporting Series. . (f) Series 20242025-1 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 20242025-1 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242025-15.

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 Capital One Master Trust, Series 20242001-15.” The Series 20242001-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-1 5.235.30% Asset Backed Certificates, Series 2001-5” and the second of which shall be known as the “Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates, Series 2001-5.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which, except as expressly provided herein, shall be deemed to be “Investor Certificates” (and the Collateral Interest Holder shall be deemed to be an “Investor Certificateholder”) for all purposes under the Agreement and this Supplement and which shall be known as the “Collateral Interest, Series 20242001-1” 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 2024-1 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 Supplement5. (b) Series 20242001-1 5 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-1 shall be an Excess Allocation Series. Series 2024-1 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 20242001-1 5 shall be the May 2024 September 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an “Investor Certificate” shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, 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 and clauses (a) and (c) of the definition of “Tax Opinion” in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One 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 20242014-12.” The Series 20242014-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242014-1 5.232 1.26% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242014-1 5.502 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 20242014-12” 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 20242014-1 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 20242014-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20242014-1 2 shall be an Excess Allocation Series. Series 20242014-1 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 20242014-1 2 shall be the May 2024 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, 20242014. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242014-1 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242014-12.

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 "Capital One Master Trust, Series 20242001-17." The Series 20242001-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2024-1 5.233.85% Asset Backed Certificates, Series 2001-7" and the second of which shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates, Series 2001-7." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") 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 and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-1 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 Supplement7." (b) Series 20242001-1 7 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-1 shall be an Excess Allocation Series. Series 2024-1 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 20242001-1 7 shall be the May 2024 November 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, 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 and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One 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 20242011-1.” The Series 20242011-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242011-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242011-1 5.50% 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 20242011-1” 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 20242011-1 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 20242011-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242011-1 shall be an Excess Allocation Series. Series 20242011-1 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 20242011-1 shall be the May 2024 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, 20242011. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242007-13.” The Series 20242007-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 3 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 20242007-13” 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 20242007-1 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 20242007-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 3 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 3 shall be the May 2024 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, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242015-1.” The Series 20242015-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242015-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242015-1 5.50% 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 20242015-1” 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 20242015-1 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 20242015-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242015-1 shall be an Excess Allocation Series. Series 20242015-1 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 20242015-1 shall be the May 2024 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, 20242015. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242015-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242015-1.

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 20242022-1.” The Series 20242022-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242022-1 5.232.21% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242022-1 5.502.50% 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 20242022-1” 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 20242022-1 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 20242022-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242022-1 shall be an Excess Allocation Series. Series 20242022-1 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 20242022-1 shall be the May 2024 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, 20242022. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242022-1.

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 "Fleet Credit Account Card Master TrustTrust II, Series 20242000-1.” D." The Series 2024-1 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the "Class A Series 2024Floating Rate Asset-1 5.23% Asset Backed Certificates, Series 2000-D," and the second of which Class shall be known as the "Class B Series 2024Floating Rate Asset-1 5.50% Asset Backed Certificates.” , Series 2000-D." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242000-1 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. D." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2000-D. (b) Series 20242000-1 D shall be included in Group I and One. Series 2000-D shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242000-1 shall be an Excess Allocation Series. Series 2024-1 D 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 20242000-1 D shall be the May 2024 January 2001 Distribution Date, and references herein to the Monthly Period relating to the January 2001 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include April 30, 2024of December 2000. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement 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 Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust 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 20242014-15.” The Series 20242014-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242014-1 5.23% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242014-1 5.50% 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 20242014-15” 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 20242014-1 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 20242014-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242014-1 5 shall be an Excess Allocation Series. Series 20242014-1 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 20242014-1 5 shall be the May 2024 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, 20242014. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 "Fleet Credit Account Card Master TrustTrust II, Series 20241999-1.” C." The Series 2024-1 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the "Class A Series 2024-1 5.236.90% Asset Backed Certificates, Series 1999-C," and the second of which Class shall be known as the "Class B Series 2024-1 5.507.20% Asset Backed Certificates.” , Series 1999-C." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20241999-1 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. C." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 1999-C. (b) Series 20241999-1 C shall be included in Group I and One. Series 1999-C shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20241999-1 shall be an Excess Allocation Series. Series 2024-1 C 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 20241999-1 C shall be the May 2024 December 15, 1999 Distribution Date, and references herein to the Monthly Period relating to the December 15, 1999 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include April 30, 2024of November 1999. (cd) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement 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 Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Bank National Association /Ri/)

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 20242012-12.” The Series 20242012-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242012-1 5.232 0.68% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242012-1 5.502 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 20242012-12” 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 20242012-1 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 20242012-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20242012-1 2 shall be an Excess Allocation Series. Series 20242012-1 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 20242012-1 2 shall be the May 2024 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, 20242012. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242012-1 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242012-12.

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 20242012-13.” The Series 20242012-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242012-1 5.23% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242012-1 5.50% 3 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 20242012-13” 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 20242012-1 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 20242012-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242012-1 3 shall be an Excess Allocation Series. Series 20242012-1 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 20242012-1 3 shall be the May 2024 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, 20242012. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242012-1 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242012-1.3

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 20242011-12.” The Series 20242011-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242011-1 5.23% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242011-1 5.50% 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 20242011-12” 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 20242011-1 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 20242011-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242011-1 2 shall be an Excess Allocation Series. Series 20242011-1 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 20242011-1 2 shall be the May 2024 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, 20242011. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242023-1.” The Series 20242023-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242023-1 5.234.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242023-1 5.505.12% 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 20242023-1” 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 20242023-1 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 20242023-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242023-1 shall be an Excess Allocation Series. Series 20242023-1 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 20242023-1 shall be the May 2024 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, 20242023. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242023-1 Certificates by issuing and selling additional Series 20242023-1 Certificates. Any additional Series 20242023-1 Certificates so issued shall be treated, for all purpose, like the Series 20242023-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242023-1 shall be a Repurchase Reporting Series. (f) Series 20242023-1 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 20242023-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242023-1.

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 20242007-14.” The Series 20242007-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 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 20242007-14” 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 20242007-1 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 20242007-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 4 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 4 shall be the May 2024 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, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242007-1.” The Series 20242007-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 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 20242007-1” 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 20242007-1 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 20242007-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 shall be the May 2024 March 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 24, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242014-14.” The Series 20242014-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242014-1 5.234 1.43% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242014-1 5.504 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 20242014-14” 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 20242014-1 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 20242014-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20242014-1 4 shall be an Excess Allocation Series. Series 20242014-1 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 20242014-1 4 shall be the May 2024 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, 20242014. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242008-16.” The Series 20242008-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 6 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-16” 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 20242008-1 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 20242008-1 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 6 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 6 shall be the May 2024 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, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242009-1.” The Series 20242009-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242009-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242009-1 5.50% 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 20242009-1” 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 20242009-1 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 20242009-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242009-1 shall be an Excess Allocation Series. Series 20242009-1 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 20242009-1 shall be the May 2024 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, 20242009. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 "AT&T Universal Card Master Trust, Series 20241997-1." The Series 20241997-1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20241997-1 5.23% Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20241997-1 5.50% Floating Rate Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” 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) and which shall be known as the "Collateral Interest, Series 1997- 1. The Collateral Interest shall be considered a Class of Series 20241997-1 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 20241997-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20241997-1 shall be an Excess Allocation Series. Series 20241997-1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in 6 this Supplement to the contrary, the first Distribution Date with respect to Series 20241997-1 shall be the May 2024 June 1997 Distribution Date and the first Monthly Period shall begin on and include the Closing Date May 1, 1997 and end on and include April 30May 31, 20241997. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (At&t Universal Funding Corp)

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 20242007-18.” The Series 20242007-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 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 20242007-18” 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 20242007-1 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 20242007-1 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 8 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 8 shall be the May 2024 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, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242008-15.” The Series 20242008-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-15” 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 20242008-1 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 20242008-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 5 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 5 shall be the May 2024 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, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242008-12.” The Series 20242008-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-12” 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 20242008-1 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 20242008-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 2 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 2 shall be the May 2024 March 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 24, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 the "Chevy Chase Master Credit Account Master TrustCard Trust II, Series 20241998-1.” A." The Series 2024-1 of Investor Certificates created hereby shall be issued in two three Classes, the first of which shall be known as the "Class A Series 2024-1 5.23% Floating Rate Asset Backed Certificates” and , Series 1998-A," the second of which shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a Series 1998-A" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Floating Rate Asset Backed Interests, Series 20241998-1” and which A." Except as expressly provided herein, the Class C Interests 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 2024-1 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. The Class C Interests shall be issued in uncertificated form. Notwithstanding anything to the contrary in the Agreement, (i) none of the Class B Certificateholders or the Class C Interest Holders shall be deemed to be a Series Enhancer for Series 1998-A and (ii) the Cash Collateral Depositor or the Spread Account Residual Interest Holder shall be deemed to be a Series Enhancer only if such Person is not a Transferor, the Servicer or an Affiliate thereof. (b) Series 20241998-1 A shall be included in Group I and shall be a Principal Sharing Series. Series 20241998-1 shall be an Excess Allocation Series. Series 2024-1 A 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 20241998-1 A shall be the May 2024 August 1998 Distribution Date and the first Monthly Period shall begin on and include be the period from the Closing Date and end on and include April 30until July 31, 20241998. (c) Except The Class C Interest Holders, as holders of "Investor Certificates" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement (including the Class C Supplemental Agreement). Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, form, execution, authentication, delivery, presentation, cancellation cancellation, exchange, disposal and surrender of Registered Certificates shall not be applicable apply 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 Transferor 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 TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chevy Chase Bank FSB)

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 20242008-14.” The Series 20242008-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-14” 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 20242008-1 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 20242008-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 4 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 4 shall be the May 2024 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 3024, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 "Travelers Bank Credit Account Card Master TrustTrust I, Series 20241998-1." The Series 2024-1 of Investor Certificates created hereby shall be issued in two three Classes, the . The first of which Class shall be known as the "Class A Series 2024-1 5.236.00% Asset Backed Certificates” and , Series 1998-1," the second of which Class shall be known as the "Class B Series 2024-1 5.50% Asset Backed Certificates.” In addition, there is hereby created a Series 1998-1" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Asset Backed Interests, Series 20241998-1." Except as expressly provided herein, the Class B Certificates and which the Class C Interests shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes and shall be in uncertificated form. Notwithstanding anything to the contrary in the Agreement, (i) none of the definition of Class B Certificateholders or the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Class C Interest Holders shall be considered a Class of Series 2024-1 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 SupplementSeries 1998-1. (b) Series 20241998-1 shall be included in Group I and One. Series 1998-1 shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20241998-1 shall be an Excess Allocation SeriesSeries with respect to Group One only. Series 20241998-1 shall be entitled to share Excess Transferor Finance Charge Collections and Shared Transferor Principal Collections. Series 1998-1 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 20241998-1 shall be the May 2024 April 15, 1998 Distribution Date, and references herein to the Monthly Period relating to the April 15, 1998 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and end on and include April 30through March 31, 20241998. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Class B Certificateholders and the Class C Interest Holders, as holders of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, 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 and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) Class B Certificates or 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 Transferor 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 TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)

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 the "Chevy Chase Master Credit Account Master TrustCard Trust II, Series 20241996-1.” A." The Series 2024-1 of Investor Certificates created hereby shall be issued in two three Classes, the first of which shall be known as the "Class A Series 2024-1 5.23% Floating Rate Asset Backed Certificates” and , Series 1996-A," the second of which shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a Series 1996-A" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Floating Rate Asset Backed Interests, Series 20241996-1” and which A." Except as expressly provided herein, the Class C Interests 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 2024-1 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. The Class C Interests shall be issued in uncertificated form. Notwithstanding anything to the contrary in the Agreement, (i) none of the Class B Certificateholders or the Class C Interest Holders shall be deemed to be a Series Enhancer for Series 1996-A and (ii) the Cash Collateral Depositor or the Spread Account Residual Interest Holders shall be deemed to be a Series Enhancer only if such Person is not a Transferor, the Servicer or an Affiliate thereof. (b) Series 20241996-1 A shall be included in Group I and shall be a Principal Sharing Series. Series 20241996-1 shall be an Excess Allocation Series. Series 2024-1 A 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 20241996-1 A shall be the May 2024 November 1996 Distribution Date and the first Monthly Period shall begin on and include be the period from the Closing Date and end on and include April 30until October 31, 20241996. (c) Except The Class C Interest Holders, as holders of "Investor Certificates" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement (including the Class C Supplemental Agreement). Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, form, execution, authentication, delivery, presentation, cancellation cancellation, exchange, disposal and surrender of Registered Certificates shall not be applicable apply 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 Transferor 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 TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chevy Chase Bank FSB)

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 20242014-13.” The Series 20242014-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242014-1 5.233 1.49% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242014-1 5.503 1.73% 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 20242014-13” 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 20242014-1 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 20242014-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20242014-1 3 shall be an Excess Allocation Series. Series 20242014-1 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 20242014-1 3 shall be the May 2024 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, 20242014. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 "Fleet Credit Account Card Master TrustTrust II, Series 20242000-1.” C." The Series 2024-1 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the "Class A Series 2024-1 5.237.02% Asset Backed Certificates, Series 2000-C," and the second of which Class shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates.” , Series 2000-C." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242000-1 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. C." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2000-C. (b) Series 20242000-1 C shall be included in Group I and One. Series 2000-C shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242000-1 shall be an Excess Allocation Series. Series 2024-1 C 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 20242000-1 C shall be the May 2024 October 2000 Distribution Date, and references herein to the Monthly Period relating to the October 2000 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include April 30, 2024of September 2000. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. 6 (d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement 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 Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Bank National Association /Ri/)

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 20242025-14.” The Series 20242025-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242025-1 5.234 4.30% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242025-1 5.504 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 20242025-14” 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 20242025-1 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 20242025-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20242025-1 4 shall be an Excess Allocation Series. Series 20242025-1 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 20242025-1 4 shall be the May 2024 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, 20242025. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242025-1 4 Certificates by issuing and selling additional Series 20242025-1 4 Certificates. Any additional Series 20242025-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20242025-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242025-1 4 shall be a Repurchase Reporting Series. . (f) Series 20242025-1 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 20242025-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242025-14.

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 20242008-1.” The Series 20242008-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-1” 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 20242008-1 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 20242008-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 shall be the May 2024 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, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242008-19.” The Series 20242008-1 9 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 9 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-19” 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 20242008-1 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 20242008-1 9 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 9 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 9 shall be the May 2024 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, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242008-17.” The Series 20242008-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-17” 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 20242008-1 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 20242008-1 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 7 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 7 shall be the May 2024 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, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242007-17.” The Series 20242007-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 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 20242007-17” 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 20242007-1 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 20242007-1 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 7 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 7 shall be the May 2024 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, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242007-12.” The Series 20242007-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 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 20242007-12” 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 20242007-1 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 20242007-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 2 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 2 shall be the May 2024 March 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30February 24, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242009-12.” The Series 20242009-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242009-1 5.23% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242009-1 5.50% 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 20242009-12” 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 20242009-1 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 20242009-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242009-1 2 shall be an Excess Allocation Series. Series 20242009-1 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 20242009-1 2 shall be the May 2024 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, 20242009. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242023-12.” The Series 20242023-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242023-1 5.232 4.80% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242023-1 5.502 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 20242023-12” 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 20242023-1 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 20242023-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20242023-1 2 shall be an Excess Allocation Series. Series 20242023-1 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 20242023-1 2 shall be the May 2024 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, 20242023. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242023-1 2 Certificates by issuing and selling additional Series 20242023-1 2 Certificates. Any additional Series 20242023-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20242023-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242023-1 2 shall be a Repurchase Reporting Series. . (f) Series 20242023-1 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 20242023-1 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242023-12.

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 20242007-16.” The Series 20242007-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% 6 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 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 20242007-16” 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 20242007-1 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 20242007-1 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 6 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 6 shall be the May 2024 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, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 20242025-14.” The Series 20242025-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242025-1 5.234 4.30% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242025-1 5.504 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 20242025-14” 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 20242025-1 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 20242025-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20242025-1 4 shall be an Excess Allocation Series. Series 20242025-1 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 20242025-1 4 shall be the May 2024 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, 20242025. (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 Transferor 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 Transferor may, from time to time, increase the amount of the Series 20242025-1 4 Certificates by issuing and selling additional Series 20242025-1 4 Certificates. Any additional Series 20242025-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20242025-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20242025-1 4 shall be a Repurchase Reporting Series. . (f) Series 20242025-1 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 20242025-1 4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242025-14.

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 "Capital One Master Trust, Series 20242001-13." The Series 20242001-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2024-1 5.235.45% Asset Backed Certificates, Series 2001-3" and the second of which shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates, Series 2001-3." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") 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 and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-1 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 Supplement3." (b) Series 20242 001-1 3 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-1 shall be an Excess Allocation Series. Series 2024-1 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 20242001-1 3 shall be the May 2024 June 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, 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 and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement Supplement (Capital One 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 20242007-15.” The Series 20242007-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242007-1 5.23% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242007-1 5.50% 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 20242007-15” 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 20242007-1 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 20242007-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242007-1 5 shall be an Excess Allocation Series. Series 20242007-1 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 20242007-1 5 shall be the May 2024 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, 20242007. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 "Fleet Credit Account Card Master TrustTrust II, Series 20241999-1.” A." The Series 2024-1 of Investor Certificates created hereby shall be issued in two three Classes, the . The first of which Class shall be known as the "Class A Series 2024-1 5.23% Floating Rate Asset Backed Certificates” and , Series 1999-A," the second of which Class shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a Series 1999-A" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Floating Rate Asset Backed Interests, Series 20241999-1” and which A." Except as expressly provided herein, the Class C Interests 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 2024-1 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. The Class C Interests shall be in uncertificated form. Solely for the purposes of Section 9.02(a) of the Agreement, the holders of interests in the Cash Collateral Account shall be deemed to be a separate Class. Notwithstanding anything to the contrary in the Agreement, (i) none of the Class B Certificateholders or the Class C Interest Holders shall be considered a Series Enhancer for Series 1999-A, (ii) the Cash Collateral Depositor shall be considered a Series Enhancer for Series 1999-A only if such Person is not the Seller, Servicer or an Affiliate thereof and (iii) the Spread Account Residual Interest Holder shall be considered a Series Enhancer only if such Person is not the Seller, the Servicer or an Affiliate thereof. (b) Series 20241999-1 A shall be included in Group I and One. Series 1999-A shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20241999-1 shall be an Excess Allocation Series. Series 2024-1 A shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this 5 Supplement to the contrary, the first Distribution Date with respect to Series 20241999-1 A shall be the May 2024 1999 Distribution Date, and references herein to the Monthly Period relating to the May 1999 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include of April 30, 20241999. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Class C Interest Holders, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement (including the Class C Supplemental Agreement). Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement 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 Transferor 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 TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust 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 "Capital One Master Trust, Series 20242001-18." The Series 20242001-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2024-1 5.234.60% Asset Backed Certificates, Series 2001-8" and the second of which shall be known as the "Class B Series 2024-1 5.50% Floating Rate Asset Backed Certificates, Series 2001-8." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-1” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") 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 and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-1 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 Supplement8." (b) Series 20242001-1 8 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-1 shall be an Excess Allocation Series. Series 2024-1 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 20242001-1 8 shall be the May 2024 December 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include April 30, 2024Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, 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 and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates Notes to be issued pursuant to the Agreement Indenture and this Indenture Supplement to be known as “American Express Credit Account Master Trust"HOUSEHOLD PRIVATE LABEL CREDIT CARD MASTER NOTE TRUST I, Series 2024SERIES 2001-12" or the "SERIES 2001-2 NOTES." The Series 20242001-1 Certificates 2 Notes shall be issued in two Classes, the first of which shall be known as the “Class "CLASS A Series 2024SERIES 2001-1 5.23% Asset Backed Certificates” 2 FIXED RATE ASSET BACKED NOTES" and the second of which shall be known as the “Class "CLASS B SERIES 2001-2 FLOATING RATE ASSET BACKED NOTES". The Series 20242001-1 5.50% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which 2 Notes shall be known as the “Collateral Interest, Series 2024-1” due 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 2024-1 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 payable on the Series Enhancer for all purposes under the Agreement and this Supplement2001-2 Final Maturity Date. (b) Series 20242001-1 2 shall be included in Group I a Pool One Series and shall be a in Principal Sharing SeriesGroup One and Excess Finance Charge Sharing Group One, and shall not be in a Reallocation Group, Shared Enhancement Group or be allocated Shared Transferor Principal Collections. Series 20242001-1 shall be an Excess Allocation Series. Series 2024-1 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement Indenture or in this Indenture Supplement to the contrary, the first Distribution Date with respect to Series 20242001-1 2 shall be the May 2024 September 17, 2001 Distribution Date Date, and the first Monthly Due Period shall begin on and include the Closing Date August 1, 2001 and end on and include April 30August 31, 20242001. (c) Except as expressly provided hereinIn the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture, (i) the terms and provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates this Indenture Supplement shall be controlling. All capitalized terms 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 Transferor 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 otherwise defined herein are defined in the assets of Indenture, the Transfer and Servicing Agreement or the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Indenture Supplement (Hrsi Funding Inc 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 20242008-18.” The Series 20242008-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242008-1 5.23% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242008-1 5.50% 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 20242008-18” 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 20242008-1 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 20242008-1 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242008-1 8 shall be an Excess Allocation Series. Series 20242008-1 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 20242008-1 8 shall be the May 2024 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, 20242008. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

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 Securities to be issued pursuant to the Agreement and this Series Supplement to be known generally as “American Express Credit Account Master Trust, the "Series 2024[-1] Securities." The Series 2024[-1 Certificates ] Securities shall be issued in two Classes, the first of which shall be known designated generally as the Floating Rate Asset Backed Securities, Series [-], Class A Series 2024-1 5.23% (the "Class A Securities"), and the Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Securities, Series [-], Class B Series 2024-1 5.50% Asset Backed Certificates.” (the "Class B Securities"). In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-1” and which shall be deemed to be an "Investor Certificates” Security" for all purposes under the Agreement and this Supplement other than for purposes Series Supplement, except as expressly provided herein, and which shall be known as the Excess Collateral, Series [-] (the "Excess Collateral"). (b) The Excess Collateral Holder, as holder of the definition of the term “Tax Opinion” in Section 1.01 of an "Investor Security" under the Agreement. The Collateral Interest , shall be considered a Class of Series 2024-1 for all purposes entitled to the benefits of the Agreement and this Supplement, including for purposes Series Supplement upon payment by the Excess Collateral Holder 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 2024-1 shall be included in Group I and shall be a Principal Sharing Series. Series 2024-1 shall be an Excess Allocation Series. Series 2024-1 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 2024-1 shall be the May 2024 Distribution Date and the first Monthly Period shall begin amount owing on and include the Closing Date as agreed to by the Transferor and end on and include April 30the Excess Collateral Holder. Notwithstanding the foregoing, 2024. (c) Except 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 the Registered Certificates Securities and the provisions of subsection 6.9(b) of the Agreement with respect to the effect that a newly issued series of Investor Securities will be treated as debt for Federal income tax purposes shall not be applicable to the Excess Collateral Interest, and (ii) the provisions of Section 3.07 3.7 of the Agreement shall not apply to cause the Excess Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsintends and, and together with the Excess Collateral Interest Holder, agree agrees to treat the Excess 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 2024-1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-1.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Metris 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 20242014-1.” The Series 20242014-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242014-1 5.23% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242014-1 5.50% 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 20242014-1” 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 20242014-1 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 20242014-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20242014-1 shall be an Excess Allocation Series. Series 20242014-1 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 20242014-1 shall be the May 2024 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, 20242014. (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 Transferor intendsTransferors 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 Transferor may, from time to time, increase the amount of the Series 2024-1 Certificates by issuing and selling additional Series 2024-1 Certificates. Any additional Series 2024-1 Certificates so issued shall be treated, for all purpose, like the Series 2024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-1 shall be a Repurchase Reporting Series. (f) Series 2024-1 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 20242014-1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242014-1.

Appears in 1 contract

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