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 2018-1.” The Series 2018-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.82% 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 2018-1” 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 2018-1 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 2018-1 shall be included in Group I and shall be a Principal Sharing Series. Series 2018-1 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 shall be the April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 2 contracts

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

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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 2018-12.” The Series 2018-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.672 3.01% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.822 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 2018-12” 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 2018-1 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 2018-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 2018-1 2 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 2 shall be the April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 2 Certificates by issuing and selling additional Series 2018-1 2 Certificates. Any additional Series 2018-1 2 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 2 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 2 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-12.

Appears in 2 contracts

Samples: 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 20182024-1.” The Series 20182024-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182024-1 2.675.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182024-1 2.825.50% 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 20182024-1” 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 20182024-1 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 20182024-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20182024-1 shall be an Excess Allocation Series. Series 20182024-1 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 20182024-1 shall be the April 2018 May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31April 30, 20182024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182024-1 Certificates by issuing and selling additional Series 20182024-1 Certificates. Any additional Series 20182024-1 Certificates so issued shall be treated, for all purpose, like the Series 20182024-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182024-1 shall be a Repurchase Reporting Series. (f) Series 20182024-1 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 20182024-1 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182024-1.

Appears in 2 contracts

Samples: 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 20182019-1.” The Series 20182019-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182019-1 2.672.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182019-1 2.823.07% 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 20182019-1” 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 20182019-1 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 20182019-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20182019-1 shall be an Excess Allocation Series. Series 20182019-1 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 20182019-1 shall be the April 2018 March 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31February 28, 20182019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182019-1 Certificates by issuing and selling additional Series 20182019-1 Certificates. Any additional Series 20182019-1 Certificates so issued shall be treated, for all purpose, like the Series 20182019-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182019-1 shall be a Repurchase Reporting Series. (f) Series 20182019-1 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 20182019-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182019-1.

Appears in 2 contracts

Samples: 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 20182017-14.” The Series 20182017-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.674 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.824 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 20182017-14” 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 20182017-1 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 20182017-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20182017-1 4 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 4 shall be the April 2018 June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March May 31, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 4 Certificates by issuing and selling additional Series 20182017-1 4 Certificates. Any additional Series 20182017-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 4 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 4 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182017-14.

Appears in 2 contracts

Samples: 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 20182023-13.” The Series 20182023-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182023-1 2.673 5.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182023-1 2.823 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 20182023-13” 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 20182023-1 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 20182023-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20182023-1 3 shall be an Excess Allocation Series. Series 20182023-1 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 20182023-1 3 shall be the April 2018 October 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 30, 20182023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182023-1 3 Certificates by issuing and selling additional Series 20182023-1 3 Certificates. Any additional Series 20182023-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20182023-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182023-1 3 shall be a Repurchase Reporting Series. (f) Series 20182023-1 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 20182023-1 3 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182023-13.

Appears in 2 contracts

Samples: 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 20182019-12.” The Series 20182019-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182019-1 2 2.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182019-1 2.822 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 20182019-12” 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 20182019-1 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 20182019-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20182019-1 2 shall be an Excess Allocation Series. Series 20182019-1 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 20182019-1 2 shall be the April 2018 May 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31April 30, 20182019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182019-1 2 Certificates by issuing and selling additional Series 20182019-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.2

Appears in 2 contracts

Samples: 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 2018-14.” The Series 2018-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.674 2.99% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.824 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 2018-14” 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 2018-1 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 2018-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 2018-1 4 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 4 shall be the April June 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March May 31, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2018-1 4 Certificates by issuing and selling additional Series 2018-1 4 Certificates. Any additional Series 2018-1 4 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 4 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 4 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 2018-14.

Appears in 2 contracts

Samples: 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 2018-16.” The Series 2018-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.676 3.06% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.826 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 2018-16” 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 2018-1 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 2018-1 6 shall be included in Group I and shall be a Principal Sharing Series. Series 2018-1 6 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 6 shall be the April August 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March July 31, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2018-1 6 Certificates by issuing and selling additional Series 2018-1 6 Certificates. Any additional Series 2018-1 6 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 6 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 6 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-16.

Appears in 2 contracts

Samples: 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 20182017-16.” The Series 20182017-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.676 2.04% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.826 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 20182017-16” 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 20182017-1 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 20182017-1 6 shall be included in Group I and shall be a Principal Sharing Series. Series 20182017-1 6 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 6 shall be the April 2018 November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March October 31, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 6 Certificates by issuing and selling additional Series 20182017-1 6 Certificates. Any additional Series 20182017-1 6 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 6 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 6 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182017-16.

Appears in 2 contracts

Samples: 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 20182022-13.” The Series 20182022-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182022-1 2.673 3.75% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182022-1 2.823 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 20182022-13” 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 20182022-1 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 20182022-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20182022-1 3 shall be an Excess Allocation Series. Series 20182022-1 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 20182022-1 3 shall be the April 2018 September 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March August 31, 20182022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182022-1 3 Certificates by issuing and selling additional Series 20182022-1 3 Certificates. Any additional Series 20182022-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20182022-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182022-1 3 shall be a Repurchase Reporting Series. (f) Series 20182022-1 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 20182022-1 3 with respect to any Rating Agency (other than Moody’s) then rating Series 20182022-13.

Appears in 2 contracts

Samples: 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 20182023-14.” The Series 20182023-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182023-1 2.674 5.15% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182023-1 2.824 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 20182023-14” 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 20182023-1 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 20182023-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20182023-1 4 shall be an Excess Allocation Series. Series 20182023-1 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 20182023-1 4 shall be the April 2018 October 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 30, 20182023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182023-1 4 Certificates by issuing and selling additional Series 20182023-1 4 Certificates. Any additional Series 20182023-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20182023-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182023-1 4 shall be a Repurchase Reporting Series. . (f) Series 20182023-1 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 20182023-1 4 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182023-14.

Appears in 2 contracts

Samples: 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 20182022-12.” The Series 20182022-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182022-1 2.672 3.39% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182022-1 2.822 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 20182022-12” 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 20182022-1 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 20182022-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20182022-1 2 shall be an Excess Allocation Series. Series 20182022-1 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 20182022-1 2 shall be the April 2018 June 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March May 31, 20182022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182022-1 2 Certificates by issuing and selling additional Series 20182022-1 2 Certificates. Any additional Series 20182022-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20182022-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182022-1 2 shall be a Repurchase Reporting Series. (f) Series 20182022-1 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 20182022-1 2 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182022-12.

Appears in 2 contracts

Samples: 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 20182024-13.” The Series 20182024-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182024-1 2.673 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182024-1 2.823 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 20182024-13” 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 20182024-1 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 20182024-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20182024-1 3 shall be an Excess Allocation Series. Series 20182024-1 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 20182024-1 3 shall be the April 2018 August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March July 31, 20182024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182024-1 3 Certificates by issuing and selling additional Series 20182024-1 3 Certificates. Any additional Series 20182024-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20182024-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182024-1 3 shall be a Repurchase Reporting Series. (f) Series 20182024-1 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 20182024-1 3 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182024-13.

Appears in 2 contracts

Samples: 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 20182021-1.” The Series 20182021-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182021-1 2.670.90% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182021-1 2.821.10% 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 20182021-1” 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 20182021-1 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 20182021-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20182021-1 shall be an Excess Allocation Series. Series 20182021-1 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 20182021-1 shall be the April 2018 December 2021 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 30, 20182021. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182021-1 Certificates by issuing and selling additional Series 20182021-1 Certificates. Any additional Series 20182021-1 Certificates so issued shall be treated, for all purpose, like the Series 20182021-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182021-1 shall be a Repurchase Reporting Series. (f) Series 20182021-1 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 20182021-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182021-1.

Appears in 2 contracts

Samples: 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 20182017-13.” The Series 20182017-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.673 1.77% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.823 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 20182017-13” 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 20182017-1 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 20182017-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20182017-1 3 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 3 shall be the April 2018 March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31April 30, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 3 Certificates by issuing and selling additional Series 20182017-1 3 Certificates. Any additional Series 20182017-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 3 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 3 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182017-13.

Appears in 2 contracts

Samples: 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 2018-13.” The Series 2018-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.67% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.82% 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 2018-13” 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 2018-1 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 2018-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 2018-1 3 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 3 shall be the April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 3 Certificates by issuing and selling additional Series 2018-1 3 Certificates. Any additional Series 2018-1 3 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 3 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 3 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-13.

Appears in 2 contracts

Samples: 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 20182017-18.” The Series 20182017-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.67% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.82% 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 20182017-18” 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 20182017-1 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 20182017-1 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182017-1 8 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 8 shall be the April 2018 November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March October 31, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 8 Certificates by issuing and selling additional Series 20182017-1 8 Certificates. Any additional Series 20182017-1 8 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 8 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 8 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182017-18.

Appears in 2 contracts

Samples: 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 20182000-14." The Series 20182000-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20182000-1 2.67% 4 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20182000-1 2.82% 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 20182000-1” 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 20182000-1 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 20182000-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182000-1 4 shall be an Excess Allocation Series. Series 20182000-1 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 20182000-1 4 shall be the April 2018 July 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date Date, and end on and include March 31July 24, 20182000. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 2 contracts

Samples: 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 20182019-13.” The Series 20182019-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182019-1 2.673 2.00% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182019-1 2.823 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 20182019-13” 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 20182019-1 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 20182019-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20182019-1 3 shall be an Excess Allocation Series. Series 20182019-1 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 20182019-1 3 shall be the April 2018 October 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 30, 20182019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182019-1 3 Certificates by issuing and selling additional Series 20182019-1 3 Certificates. Any additional Series 20182019-1 3 Certificates so issued shall be treated, for all purpose, like the Series 20182019-1 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182019-1 3 shall be a Repurchase Reporting Series. (f) Series 20182019-1 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 20182019-1 3 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182019-13.

Appears in 2 contracts

Samples: 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 2018-19.” The Series 2018-1 9 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.67% 9 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.82% 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 2018-19” 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 2018-1 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 2018-1 9 shall be included in Group I II and shall be a Principal Sharing Series. Series 2018-1 9 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 9 shall be the April October 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 30, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2018-1 9 Certificates by issuing and selling additional Series 2018-1 9 Certificates. Any additional Series 2018-1 9 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 9 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 9 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 9 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 2018-19.

Appears in 2 contracts

Samples: 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 20182017-17.” The Series 20182017-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.677 2.35% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.827 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 20182017-17” 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 20182017-1 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 20182017-1 7 shall be included in Group I and shall be a Principal Sharing Series. Series 20182017-1 7 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 7 shall be the April 2018 November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March October 31, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 7 Certificates by issuing and selling additional Series 20182017-1 7 Certificates. Any additional Series 20182017-1 7 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 7 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 7 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182017-17.

Appears in 2 contracts

Samples: 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 20182019-14.” The Series 20182019-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182019-1 2.67% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182019-1 2.82% 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 20182019-14” 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 20182019-1 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 20182019-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182019-1 4 shall be an Excess Allocation Series. Series 20182019-1 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 20182019-1 4 shall be the April 2018 October 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 30, 20182019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182019-1 4 Certificates by issuing and selling additional Series 20182019-1 4 Certificates. Any additional Series 20182019-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20182019-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182019-1 4 shall be a Repurchase Reporting Series. (f) Series 20182019-1 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 20182019-1 4 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182019-14.

Appears in 2 contracts

Samples: 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 20182025-1.” The Series 20182025-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182025-1 2.674.56% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182025-1 2.824.96% 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 20182025-1” 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 20182025-1 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 20182025-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20182025-1 shall be an Excess Allocation Series. Series 20182025-1 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 20182025-1 shall be the April 2018 March 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31February 28, 20182025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182025-1 Certificates by issuing and selling additional Series 20182025-1 Certificates. Any additional Series 20182025-1 Certificates so issued shall be treated, for all purpose, like the Series 20182025-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182025-1 shall be a Repurchase Reporting Series. (f) Series 20182025-1 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 20182025-1 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182025-1.

Appears in 2 contracts

Samples: 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 20182017-12.” The Series 20182017-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.67% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.82% 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 20182017-12” 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 20182017-1 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 20182017-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182017-1 2 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 2 shall be the April 2018 March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31February 28, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 2 Certificates by issuing and selling additional Series 20182017-1 2 Certificates. Any additional Series 20182017-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 2 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 2 with respect to any Rating Agency (other than Moody’s) then rating Series 20182017-12.

Appears in 2 contracts

Samples: 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 20182022-14.” The Series 20182022-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182022-1 2.674 4.95% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182022-1 2.824 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 20182022-14” 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 20182022-1 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 20182022-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20182022-1 4 shall be an Excess Allocation Series. Series 20182022-1 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 20182022-1 4 shall be the April 2018 December 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March November 31, 20182022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182022-1 4 Certificates by issuing and selling additional Series 20182022-1 4 Certificates. Any additional Series 20182022-1 4 Certificates so issued shall be treated, for all purpose, like the Series 20182022-1 4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182022-1 4 shall be a Repurchase Reporting Series. (f) Series 20182022-1 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 20182022-1 4 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182022-14.

Appears in 2 contracts

Samples: 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 2018-17.” The Series 2018-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.67% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.82% 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 2018-17” 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 2018-1 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 2018-1 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 2018-1 7 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 7 shall be the April August 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March July 31, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2018-1 7 Certificates by issuing and selling additional Series 2018-1 7 Certificates. Any additional Series 2018-1 7 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 7 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 7 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-17.

Appears in 2 contracts

Samples: 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 20182017-1.” The Series 20182017-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.671.93% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.822.10% 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 20182017-1” 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 20182017-1 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 20182017-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20182017-1 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 shall be the April 2018 March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31February 28, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 Certificates by issuing and selling additional Series 20182017-1 Certificates. Any additional Series 20182017-1 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182017-1.

Appears in 2 contracts

Samples: 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 20182024-12.” The Series 20182024-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182024-1 2.672 5.24% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182024-1 2.822 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 20182024-12” 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 20182024-1 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 20182024-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20182024-1 2 shall be an Excess Allocation Series. Series 20182024-1 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 20182024-1 2 shall be the April 2018 May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31April 30, 20182024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182024-1 2 Certificates by issuing and selling additional Series 20182024-1 2 Certificates. Any additional Series 20182024-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20182024-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182024-1 2 shall be a Repurchase Reporting Series. (f) Series 20182024-1 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 20182024-1 2 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182024-12.

Appears in 2 contracts

Samples: 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 2018-15.” The Series 2018-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.67% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.82% 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 2018-15” 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 2018-1 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 2018-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 2018-1 5 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 5 shall be the April June 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March May 31, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2018-1 5 Certificates by issuing and selling additional Series 2018-1 5 Certificates. Any additional Series 2018-1 5 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 5 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 5 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 2018-15.

Appears in 2 contracts

Samples: 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 2018-18.” The Series 2018-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.678 3.18% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2018-1 2.828 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 2018-18” 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 2018-1 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 2018-1 8 shall be included in Group I and shall be a Principal Sharing Series. Series 2018-1 8 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 8 shall be the April October 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 30, 2018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2018-1 8 Certificates by issuing and selling additional Series 2018-1 8 Certificates. Any additional Series 2018-1 8 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 8 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 8 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 2018-18.

Appears in 2 contracts

Samples: 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 "Fleet Credit Account Card Master TrustTrust II, Series 20181999-1.” A." The Series 2018-1 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 2018-1 2.67% Floating Rate Asset Backed Certificates” and , Series 1999-A," the second of which Class shall be known as the "Class B Series 2018-1 2.82% 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 20181999-1” 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 2018-1 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 20181999-1 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 20181999-1 shall be an Excess Allocation Series. Series 2018-1 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 20181999-1 A shall be the April 2018 May 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 March 31, 2018of April 1999. (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 Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182012-1.” The Series 20182012-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182012-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182012-1 2.82% 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 20182012-1” 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 20182012-1 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 20182012-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182012-1 shall be an Excess Allocation Series. Series 20182012-1 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 20182012-1 shall be the April 2018 July 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31June 24, 20182012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182012-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182012-1.

Appears in 1 contract

Samples: 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 20182008-15.” The Series 20182008-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-15” 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 20182008-1 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 20182008-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 5 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 5 shall be the April 2018 July 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31June 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182012-15.” The Series 20182012-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182012-1 2.675 0.59% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182012-1 2.825 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 20182012-15” 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 20182012-1 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 20182012-1 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20182012-1 5 shall be an Excess Allocation Series. Series 20182012-1 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 20182012-1 5 shall be the April 2018 December 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 24, 20182012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182012-1 5 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182012-15.

Appears in 1 contract

Samples: 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 20182008-19.” The Series 20182008-1 9 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 9 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-19” 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 20182008-1 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 20182008-1 9 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 9 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 9 shall be the April 2018 October 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182015-1.” The Series 20182015-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182015-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182015-1 2.82% 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 20182015-1” 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 20182015-1 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 20182015-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182015-1 shall be an Excess Allocation Series. Series 20182015-1 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 20182015-1 shall be the April 2018 August 2015 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March July 31, 20182015. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182015-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182015-1.

Appears in 1 contract

Samples: 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 the "Chevy Chase Master Credit Account Master TrustCard Trust II, Series 20181996-1.” A." The Series 2018-1 of Investor Certificates created hereby shall be issued in two three Classes, the first of which shall be known as the "Class A Series 2018-1 2.67% Floating Rate Asset Backed Certificates” and , Series 1996-A," the second of which shall be known as the "Class B Series 2018-1 2.82% 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 20181996-1” 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 2018-1 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 20181996-1 A shall be included in Group I and shall be a Principal Sharing Series. Series 20181996-1 shall be an Excess Allocation Series. Series 2018-1 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 20181996-1 A shall be the April 2018 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 March until October 31, 20181996. (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 Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182008-18.” The Series 20182008-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-18” 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 20182008-1 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 20182008-1 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 8 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 8 shall be the April 2018 October 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 "Fleet Credit Account Card Master TrustTrust II, Series 20182000-1.” C." The Series 2018-1 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 2018-1 2.677.02% Asset Backed Certificates, Series 2000-C," and the second of which Class shall be known as the "Class B Series 2018-1 2.82% 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 2018-1” 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 20182000-1 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 20182000-1 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 20182000-1 shall be an Excess Allocation Series. Series 2018-1 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 20182000-1 C shall be the April 2018 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 March 31, 2018of 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 Transferors intendSeller 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 Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182008-14.” The Series 20182008-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-14” 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 20182008-1 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 20182008-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 4 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 4 shall be the April 2018 May 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31April 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20181998-1." The Series 2018-1 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 2018-1 2.676.00% Asset Backed Certificates” and , Series 1998-1," the second of which Class shall be known as the "Class B Series 2018-1 2.82% 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 20181998-1." 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 2018-1 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 20181998-1 shall be included in Group I and One. Series 1998-1 shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20181998-1 shall be an Excess Allocation SeriesSeries with respect to Group One only. Series 20181998-1 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 20181998-1 shall be the April 2018 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 through March 31, 20181998. (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 Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 Credit Account Master Trust, Series 20182012-13.” The Series 20182012-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182012-1 2.67% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182012-1 2.82% 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 20182012-13” 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 20182012-1 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 20182012-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182012-1 3 shall be an Excess Allocation Series. Series 20182012-1 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 20182012-1 3 shall be the April 2018 September 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31August 25, 20182012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182012-1 3 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182012-1.3

Appears in 1 contract

Samples: 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 20181996-1.” C." The Series 2018-1 of Investor Certificates created hereby shall be issued in two three Classes, the first of which shall be known as the "Class A Series 2018-1 2.67% Floating Rate Asset Backed Certificates” and , Series 1996-C," the second of which shall be known as the "Class B Series 2018-1 2.82% 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 20181996-1” 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 2018-1 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 20181996-1 C shall be included in Group I and shall be a Principal Sharing Series. Series 20181996-1 shall be an Excess Allocation Series. Series 2018-1 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 20181996-1 C shall be the April 2018 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 March until January 31, 20181997. (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 Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182022-1.” The Series 20182022-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182022-1 2.672.21% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182022-1 2.822.50% 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 20182022-1” 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 20182022-1 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 20182022-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20182022-1 shall be an Excess Allocation Series. Series 20182022-1 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 20182022-1 shall be the April 2018 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31, 20182022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182022-1.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii 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 2018[-1] Securities." The Series 2018[-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 2018-1 2.67% (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 2018-1 2.82% 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 2018-1” 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 2018-1 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 2018-1 shall be included in Group I and shall be a Principal Sharing Series. Series 2018-1 shall be an Excess Allocation Series. Series 2018-1 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 2018-1 shall be the April 2018 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 March 31the Excess Collateral Holder. Notwithstanding the foregoing, 2018. (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 Transferors intendTransferor intends 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 Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182013-1.” The Series 20182013-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182013-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182013-1 2.82% 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 20182013-1” 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 20182013-1 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 20182013-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182013-1 shall be an Excess Allocation Series. Series 20182013-1 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 20182013-1 shall be the April 2018 August 2013 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31July 25, 20182013. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182013-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182013-1.

Appears in 1 contract

Samples: 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 the "Chevy Chase Master Credit Account Master TrustCard Trust II, Series 20181998-1.” A." The Series 2018-1 of Investor Certificates created hereby shall be issued in two three Classes, the first of which shall be known as the "Class A Series 2018-1 2.67% Floating Rate Asset Backed Certificates” and , Series 1998-A," the second of which shall be known as the "Class B Series 2018-1 2.82% 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 20181998-1” 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 2018-1 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 20181998-1 A shall be included in Group I and shall be a Principal Sharing Series. Series 20181998-1 shall be an Excess Allocation Series. Series 2018-1 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 20181998-1 A shall be the April 2018 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 March until July 31, 20181998. (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 Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182008-13.” The Series 20182008-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-13” 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 20182008-1 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 20182008-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 3 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 3 shall be the April 2018 May 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31April 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182017-15.” The Series 20182017-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.67% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.82% 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 20182017-15” 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 20182017-1 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 20182017-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182017-1 5 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 5 shall be the April 2018 August 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March July 31, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for Table of Contents federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 5 Certificates by issuing and selling additional Series 20182017-1 5 Certificates. Any additional Series 20182017-1 5 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 5 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 5 with respect to any Rating Agency (other than Moody’s) then rating Series 20182017-15.

Appears in 1 contract

Samples: 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 20182001-16." The Series 20182001-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20182001-1 2.67% 6 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20182001-1 2.82% 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 20182001-1” 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 20182001-1 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 20182001-1 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182001-1 6 shall be an Excess Allocation Series. Series 20182001-1 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 20182001-1 6 shall be the April 2018 July 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31June 23, 20182001. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182014-14.” The Series 20182014-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182014-1 2.674 1.43% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182014-1 2.824 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 20182014-14” 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 20182014-1 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 20182014-1 4 shall be included in Group I and shall be a Principal Sharing Series. Series 20182014-1 4 shall be an Excess Allocation Series. Series 20182014-1 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 20182014-1 4 shall be the April 2018 December 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 24, 20182014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

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

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 TrustIssuance Trust II, Series 20182013-1” or the “Series 2013-1 Notes.” The Series 20182013-1 Certificates Notes shall be issued in two three Classes, the first of which shall be known as the “Class A Series 20182013-1 2.67% Floating Rate Asset Backed CertificatesNotes,and the second of which shall be known as the “Class B Series 20182013-1 2.82% Floating Rate Asset Backed Certificates.NotesIn addition, there is hereby created a and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Class C Series 20182013-11 Floating Rate Asset Backed Notes.and which The Series 2013-1 Notes shall be deemed to be “Investor Certificates” for all purposes under due and payable on 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 2018-1 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 SupplementLegal Maturity Date. (b) The Series 20182013-1 Notes shall be secured by the Collateral. Series 2013-1 shall be included in Reallocation Group I and shall be a Principal Sharing Series. A. Series 20182013-1 shall be an a Shared Excess Allocation SeriesAvailable Finance Charge Collections Series and shall be included in Shared Excess Available Finance Charge Collections Group A. Series 2013-1 shall be a Shared Excess Available Principal Collections Series and shall be included in Shared Excess Available Principal Collections Group A. Series 2013-1 shall not be in any other Group (as defined in the Indenture). Series 20182013-1 shall not be subordinated to any other SeriesSeries of Notes. Notwithstanding any provision in the Agreement Indenture or in this Indenture Supplement to the contrary, the first Distribution Payment Date with respect to Series 20182013-1 shall be the April 2018 Distribution Date 2013 Payment Date, and the first Monthly Period shall begin on and include the Closing Date and end on and include March 3125, 20182013. (c) Except as expressly provided hereinFor the avoidance of doubt, (i) the provisions parties agree that the payment of Article VI principal and Article XII interest on the Series 2013-1 Notes shall be primarily based on the performance of the Agreement relating to Receivables and, except for Derivative Agreements addressing interest rate or currency mismatches between the registrationReceivables and the Series 2013-1 Notes, 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 contingent on market or credit events that are independent of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustReceivables. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the The Series 20182013-1 Certificates by issuing and selling additional Series 2018Notes shall not be predominantly sold to an affiliate (other than a wholly-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, owned subsidiary consolidated for all purpose, like the Series 2018-1 Certificates subject to the terms accounting purposes with an Account Owner) or insider of the Agreement and this Supplementan Account Owner. (e) Series 20182013-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing Corp VIII 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 20182001-15.” The Series 20182001-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2018-1 2.675.30% Asset Backed Certificates, Series 2001-5” and the second of which shall be known as the “Class B Series 2018-1 2.82% 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 20182001-1” 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 2018-1 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 20182001-1 5 shall be included in Group I One and shall be a Principal Sharing Series. Series 20182001-1 shall be an Excess Allocation Series. Series 2018-1 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 20182001-1 5 shall be the April 2018 September 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31, 2018Date. (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 Transferors intendSellers 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 Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182023-12.” The Series 20182023-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182023-1 2.672 4.80% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182023-1 2.822 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 20182023-12” 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 20182023-1 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 20182023-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20182023-1 2 shall be an Excess Allocation Series. Series 20182023-1 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 20182023-1 2 shall be the April 2018 July 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31June 30, 20182023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182023-1 2 Certificates by issuing and selling additional Series 20182023-1 2 Certificates. Any additional Series 20182023-1 2 Certificates so issued shall be treated, for all purpose, like the Series 20182023-1 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182023-1 2 shall be a Repurchase Reporting Series. . (f) Series 20182023-1 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 20182023-1 2 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182023-12.

Appears in 1 contract

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

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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 20182007-18.” The Series 20182007-1 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-18” 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 20182007-1 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 20182007-1 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 8 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 8 shall be the April 2018 November 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31October 24, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182007-1.” The Series 20182007-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-1” 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 20182007-1 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 20182007-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 shall be the April 2018 March 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31February 24, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182005-1." The Series 20182005-1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20182005-1 2.67% Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20182005-1 2.82% 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 20182005-1" 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 20182005-1 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 20182005-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182005-1 shall be an Excess Allocation Series. Series 20182005-1 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 20182005-1 shall be the April 2018 2005 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 3127, 20182005. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182007-15.” The Series 20182007-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-15” 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 20182007-1 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 20182007-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 5 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 5 shall be the April 2018 June 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31May 25, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182008-17.” The Series 20182008-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-17” 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 20182008-1 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 20182008-1 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 7 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 7 shall be the April 2018 September 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31August 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182007-17.” The Series 20182007-1 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-17” 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 20182007-1 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 20182007-1 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 7 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 7 shall be the April 2018 August 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31July 24, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182014-13.” The Series 20182014-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182014-1 2.673 1.49% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182014-1 2.823 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 20182014-13” 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 20182014-1 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 20182014-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20182014-1 3 shall be an Excess Allocation Series. Series 20182014-1 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 20182014-1 3 shall be the April 2018 October 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 24, 20182014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182012-14.” The Series 20182012-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182012-1 2.67% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182012-1 2.82% 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 20182012-14” 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 20182012-1 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 20182012-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182012-1 4 shall be an Excess Allocation Series. Series 20182012-1 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 20182012-1 4 shall be the April 2018 December 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 24, 20182012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182012-1 4 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182012-1.4

Appears in 1 contract

Samples: 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 20182008-1.” The Series 20182008-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-1” 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 20182008-1 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 20182008-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 shall be the April 2018 February 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31January 25, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182007-14.” The Series 20182007-1 4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% 4 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-14” 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 20182007-1 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 20182007-1 4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 4 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 4 shall be the April 2018 June 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31May 25, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182014-12.” The Series 20182014-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182014-1 2.672 1.26% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182014-1 2.822 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 20182014-12” 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 20182014-1 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 20182014-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20182014-1 2 shall be an Excess Allocation Series. Series 20182014-1 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 20182014-1 2 shall be the April 2018 August 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31July 25, 20182014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182014-1 2 with respect to any Rating Agency (other than Moody’s) then rating Series 20182014-12.

Appears in 1 contract

Samples: 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 20182008-16.” The Series 20182008-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 6 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-16” 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 20182008-1 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 20182008-1 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 6 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 6 shall be the April 2018 August 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31July 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182009-1.” The Series 20182009-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182009-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182009-1 2.82% 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 20182009-1” 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 20182009-1 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 20182009-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182009-1 shall be an Excess Allocation Series. Series 20182009-1 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 20182009-1 shall be the April 2018 July 2009 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31June 25, 20182009. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account 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 TrustIssuance Trust II, Series 20182013-12” or the “Series 2013-2 Notes.” The Series 20182013-1 Certificates 2 Notes shall be issued in two three Classes, the first of which shall be known as the “Class A Series 20182013-1 2.67% 2 Floating Rate Asset Backed CertificatesNotes,and the second of which shall be known as the “Class B Series 20182013-1 2.82% 2 Floating Rate Asset Backed Certificates.NotesIn addition, there is hereby created a and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Class C Series 20182013-12 Floating Rate Asset Backed Notes.and which The Series 2013-2 Notes shall be deemed to be “Investor Certificates” for all purposes under due and payable on 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 2018-1 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 SupplementLegal Maturity Date. (b) The Series 20182013-1 2 Notes shall be secured by the Collateral. Series 2013-2 shall be included in Reallocation Group I A. Series 2013-2 shall be a Shared Excess Available Finance Charge Collections Series and shall be included in Shared Excess Available Finance Charge Collections Group A. Series 2013-2 shall be a Shared Excess Available Principal Sharing SeriesCollections Series and shall be included in Shared Excess Available Principal Collections Group A. Series 2013-2 shall not be in any other Group (as defined in the Indenture). Series 20182013-1 shall be an Excess Allocation Series. Series 2018-1 2 shall not be subordinated to any other SeriesSeries of Notes. Notwithstanding any provision in the Agreement Indenture or in this Indenture Supplement to the contrary, the first Distribution Payment Date with respect to Series 20182013-1 2 shall be the April 2018 Distribution Date October 2013 Payment Date, and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 25, 20182013. (c) Except as expressly provided hereinFor the avoidance of doubt, (i) the provisions parties agree that the payment of Article VI principal and Article XII interest on the Series 2013-2 Notes shall be primarily based on the performance of the Agreement relating to Receivables and, except for Derivative Agreements addressing interest rate or currency mismatches between the registrationReceivables and the Series 2013-2 Notes, 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 contingent on market or credit events that are independent of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustReceivables. (d) Pursuant The Series 2013-2 Notes shall not be predominantly sold to Section 6.03(can affiliate (other than a wholly-owned subsidiary consolidated for accounting purposes with an Account Owner) or insider of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplementan Account Owner. (e) Series 20182013-1 2 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance 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 20182013-12.” The Series 20182013-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182013-1 2.67% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182013-1 2.82% 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 20182013-12” 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 20182013-1 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 20182013-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182013-1 2 shall be an Excess Allocation Series. Series 20182013-1 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 20182013-1 2 shall be the April 2018 December 2013 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 24, 20182013. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182013-1 2 with respect to any Rating Agency (other than Moody’s) then rating Series 20182013-12.

Appears in 1 contract

Samples: 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 20182010-1.” The Series 20182010-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182010-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182010-1 2.82% 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 20182010-1” 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 20182010-1 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 20182010-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182010-1 shall be an Excess Allocation Series. Series 20182010-1 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 20182010-1 shall be the April 2018 June 2010 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31May 25, 20182010. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

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

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 2018SERIES 2001-12" or the "SERIES 2001-2 NOTES." The Series 20182001-1 Certificates 2 Notes shall be issued in two Classes, the first of which shall be known as the “Class "CLASS A Series 2018SERIES 2001-1 2.67% 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 20182001-1 2.82% 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 2018-1” 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 2018-1 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 20182001-1 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 20182001-1 shall be an Excess Allocation Series. Series 2018-1 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 20182001-1 2 shall be the April 2018 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 March August 31, 20182001. (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 Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest 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 Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182011-1.” The Series 20182011-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182011-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182011-1 2.82% 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 20182011-1” 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 20182011-1 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 20182011-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182011-1 shall be an Excess Allocation Series. Series 20182011-1 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 20182011-1 shall be the April 2018 November 2011 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31October 25, 20182011. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182007-16.” The Series 20182007-1 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% 6 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-16” 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 20182007-1 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 20182007-1 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 6 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 6 shall be the April 2018 August 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31July 24, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 "ADVANTA Credit Account Card Master TrustTrust II, Series 20181998-1.” A." The Series 20181998-1 A Certificates shall be issued in two Classes, the . The first of which Class shall be known as the "Class A Series 2018-1 2.67% Floating Rate Asset Backed Certificates, Series 1998-A" and the second of which Class shall be known as the "Class B Series 2018-1 2.82% Floating Rate Asset Backed Certificates.” , Series 1998-A." 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 2018-1” and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than and shall be in uncertificated form and which shall be known as the "Collateral Interest, Series 1998-A." Solely for the purposes of the definition of the term “Tax Opinion” in Section 1.01 9.02(a) of the Agreement. The , the holders of interests in the Collateral Interest and the Cash Collateral Account shall each be considered deemed to be a Class of Series 2018-1 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 Agreementseparate Class. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under Series 1998-A. Notwithstanding anything to the Agreement and this Supplement.contrary in the Agreement, the institution making the initial deposit to the Cash Collateral Account shall not be deemed to be a Series Enhancer for Series 1998-A. (b) Series 20181998-1 A shall be included in Group I and One. Series 1998-A shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20181998-1 shall be an Excess Allocation Series. Series 2018-1 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 20181998-1 A shall be the April 2018 1998 Distribution Date, and references herein to the Monthly Period relating to the April 1998 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 March 31, 20181998. (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 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 cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: Series 1998 a Supplement (Advanta 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 20181999-12." The Series 20181999-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20181999-1 2.672 5.95% Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20181999-1 2.822 6.10% Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20181999-1” 2" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20181999-1 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 20181999-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20181999-1 2 shall be an Excess Allocation Series. Series 20181999-1 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 20181999-1 2 shall be the April 2018 June 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date Date, and end on and include March 31May 25, 20181999. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182013-13.” The Series 20182013-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182013-1 2.673 0.98% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182013-1 2.823 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 20182013-13” 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 20182013-1 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 20182013-1 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20182013-1 3 shall be an Excess Allocation Series. Series 20182013-1 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 20182013-1 3 shall be the April 2018 December 2013 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 24, 20182013. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182013-1 3 with respect to any Rating Agency (other than Moody’s) then rating Series 20182013-13.

Appears in 1 contract

Samples: 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 20182014-15.” The Series 20182014-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182014-1 2.67% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182014-1 2.82% 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 20182014-15” 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 20182014-1 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 20182014-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182014-1 5 shall be an Excess Allocation Series. Series 20182014-1 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 20182014-1 5 shall be the April 2018 December 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 24, 20182014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182014-1.” The Series 20182014-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182014-1 2.67% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182014-1 2.82% 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 20182014-1” 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 20182014-1 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 20182014-1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182014-1 shall be an Excess Allocation Series. Series 20182014-1 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 20182014-1 shall be the April 2018 June 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31May 25, 20182014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182014-1 with respect to any Rating Agency (other than Moody’s) then rating Series 20182014-1.

Appears in 1 contract

Samples: 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 20181999-13." The Series 20181999-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20181999-1 2.67% 3 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20181999-1 2.82% 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 20181999-1” 3" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20181999-1 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 20181999-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20181999-1 3 shall be an Excess Allocation Series. Series 20181999-1 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 20181999-1 3 shall be the April 2018 June 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date May 19, 1999, and end on and include March 31May 25, 20181999. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182007-12.” The Series 20182007-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-12” 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 20182007-1 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 20182007-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 2 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 2 shall be the April 2018 March 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31February 24, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182009-12.” The Series 20182009-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182009-1 2.67% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182009-1 2.82% 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 20182009-12” 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 20182009-1 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 20182009-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182009-1 2 shall be an Excess Allocation Series. Series 20182009-1 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 20182009-1 2 shall be the April 2018 October 2009 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31September 24, 20182009. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 "Fleet Credit Account Card Master TrustTrust II, Series 20182000-1.” D." The Series 2018-1 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 2018Floating Rate Asset-1 2.67% Asset Backed Certificates, Series 2000-D," and the second of which Class shall be known as the "Class B Series 2018Floating Rate Asset-1 2.82% 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 2018-1” 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 20182000-1 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 20182000-1 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 20182000-1 shall be an Excess Allocation Series. Series 2018-1 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 20182000-1 D shall be the April 2018 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 March 31, 2018of 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 Transferors intendSeller 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 Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182012-12.” The Series 20182012-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182012-1 2.672 0.68% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182012-1 2.822 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 20182012-12” 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 20182012-1 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 20182012-1 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20182012-1 2 shall be an Excess Allocation Series. Series 20182012-1 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 20182012-1 2 shall be the April 2018 September 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31August 25, 20182012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 20182012-1 2 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182012-12.

Appears in 1 contract

Samples: 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 20182008-12.” The Series 20182008-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182008-1 2.67% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182008-1 2.82% 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 20182008-12” 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 20182008-1 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 20182008-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182008-1 2 shall be an Excess Allocation Series. Series 20182008-1 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 20182008-1 2 shall be the April 2018 March 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31February 24, 20182008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

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

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20182017-15.” The Series 20182017-1 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182017-1 2.67% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182017-1 2.82% 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 20182017-15” 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 20182017-1 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 20182017-1 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182017-1 5 shall be an Excess Allocation Series. Series 20182017-1 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 20182017-1 5 shall be the April 2018 August 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March July 31, 20182017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for Table of Contents federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20182017-1 5 Certificates by issuing and selling additional Series 20182017-1 5 Certificates. Any additional Series 20182017-1 5 Certificates so issued shall be treated, for all purpose, like the Series 20182017-1 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182017-1 5 shall be a Repurchase Reporting Series. (f) Series 20182017-1 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 20182017-1 5 with respect to any Rating Agency (other than Moody’sXxxxx’x) then rating Series 20182017-15.

Appears in 1 contract

Samples: 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 "AT&T Universal Card Master Trust, Series 20181997-1." The Series 20181997-1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20181997-1 2.67% Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20181997-1 2.82% 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 2018-1” 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 20181997-1 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 20181997-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20181997-1 shall be an Excess Allocation Series. Series 20181997-1 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 20181997-1 shall be the April 2018 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 March May 31, 20181997. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182011-12.” The Series 20182011-1 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182011-1 2.67% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182011-1 2.82% 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 20182011-12” 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 20182011-1 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 20182011-1 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182011-1 2 shall be an Excess Allocation Series. Series 20182011-1 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 20182011-1 2 shall be the April 2018 December 2011 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31November 24, 20182011. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

Samples: 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 20182023-1.” The Series 20182023-1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182023-1 2.674.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182023-1 2.825.12% 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 20182023-1” 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 20182023-1 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 20182023-1 shall be included in Group I and shall be a Principal Sharing Series. Series 20182023-1 shall be an Excess Allocation Series. Series 20182023-1 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 20182023-1 shall be the April 2018 July 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 31June 30, 20182023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20182023-1 Certificates by issuing and selling additional Series 20182023-1 Certificates. Any additional Series 20182023-1 Certificates so issued shall be treated, for all purpose, like the Series 20182023-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20182023-1 shall be a Repurchase Reporting Series. (f) Series 20182023-1 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 20182023-1 with respect to any Rating Agency (other than MoodyStandard & Poor’s) then rating Series 20182023-1.

Appears in 1 contract

Samples: 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 20182007-13.” The Series 20182007-1 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20182007-1 2.67% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20182007-1 2.82% 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 20182007-13” 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 20182007-1 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 20182007-1 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20182007-1 3 shall be an Excess Allocation Series. Series 20182007-1 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 20182007-1 3 shall be the April 2018 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include March 3126, 20182007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2018-1 Certificates by issuing and selling additional Series 2018-1 Certificates. Any additional Series 2018-1 Certificates so issued shall be treated, for all purpose, like the Series 2018-1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2018-1 shall be a Repurchase Reporting Series. (f) Series 2018-1 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 2018-1 with respect to any Rating Agency (other than Moody’s) then rating Series 2018-1.

Appears in 1 contract

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

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