Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2024-3.” The Series 2024-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2024-3” 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 2024-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2024-3 shall be included in Group I and shall be a Principal Sharing Series. Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2024-3 shall be a Repurchase Reporting Series. (f) Series 2024-3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241999-3M Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.656.60% Asset Backed Certificates” , Series 1999-M (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.086.80% Asset Backed Certificates.” , Series 1999-M (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of M (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 M shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 M shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241999-3J Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.657.00% Asset Backed Certificates” , Series 1999-J (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.087.40% Asset Backed Certificates.” , Series 1999-J (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of J (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 J shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 J shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241999-3B Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.655.90% Asset Backed Certificates” , Series 1999-B (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.086.20% Asset Backed Certificates.” , Series 1999-B (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of B (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 B shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 B shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241999-3G Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.656.35% Asset Backed Certificates” , Series 1999-G (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.086.60% Asset Backed Certificates.” , Series 1999-G (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of G (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 G shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 G shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20241998-3.” 1". The Series 20241998-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.656.310% Asset Backed Certificates” , Series 1998-1" and the second of which shall be known as the “"Class B Series 2024-3 5.086.356% Asset Backed Certificates.” , Series 1998-1". In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a known as the "Floating Rate Class of C Asset Backed Interests, Series 20241998-3 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 Supplement1".
(b) Series 20241998-3 1 shall be included in Group I One and shall be a Principal Sharing Series and a Subordinated Excess Principal Series. Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20241998-3 1 shall be the August 2024 May 1998 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Class C Interest Holders, as holders of an "Investor Certificate" 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, 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 C Interests. The Class C Interests shall be deemed to arise upon the provisions of Section 3.07 payment of the Agreement shall not cause amounts due on the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject Closing Date pursuant to the terms of the Agreement and this SupplementClass C Purchase Agreement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Financial Corp)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241998-3D Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.655.80% Asset Backed Certificates” , Series 1998-D (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates.” , Series 1998-D (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 for all purposes of D (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241998-3 D shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 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 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series consisting of an Investor Certificates Certificate to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Capital One Master Trust, Series 20242002-3CC.” The Series 20242002-3 Certificates shall be issued in two Classes, the first of which CC Certificate shall be known as the “Class A Series 2024-3 4.65% Asset Backed CertificatesCertificate, Series 2002-CC.” The Series 2002-CC Certificate shall constitute a “security” within the meaning of (i) Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the State of New York and (ii) the Uniform Commercial Code of any other applicable jurisdiction that presently or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the second National Conference of which shall be known as Commissioners on Uniform State Laws and approved by the “Class B Series 2024-3 5.08% Asset Backed Certificates.” In additionAmerican Bar Association on February 14, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2024-3” 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 2024-3 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 Supplement1995.
(b) Series 20242002-3 CC shall be included in Group I One and shall be a Principal Sharing Series. Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 CC shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242002-3 CC shall be the August 2024 November 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) This Supplement is the Series 2002-CC Supplement referred to in the Transfer and Administration Agreement, dated as of October 9, 2002, among Capital One Multi-asset Execution Trust, as issuer, the Transferor, as transferor, Capital One Bank (USA), National Association, as administrator, and The Bank of New York Mellon, as indenture trustee.
(e) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest Series 2002-CC Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsintends and, and together with the Collateral Interest HolderSeries 2002-CC Certificateholder, agree agrees to treat the Collateral Interest Series 2002-CC Certificate for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241999-3I Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.656.40% Asset Backed Certificates” , Series 1999-I (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.086.70% Asset Backed Certificates.” , Series 1999-I (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of I (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 I shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 I shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20242000-3I Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.656.90% Asset Backed Certificates” , Series 2000-I (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.087.15% Asset Backed Certificates.” , Series 2000-I (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of I (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 I shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 I shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-E Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241999-3.” E (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-E (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of E (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 E shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 E shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20242000-3A Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.657.35% Asset Backed Certificates” , Series 2000-A (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.087.55% Asset Backed Certificates.” , Series 2000-A (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of A (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 A shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 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 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series consisting of an Investor Certificates Certificate to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242002-3CC.” " The Series 20242002-3 Certificates shall be issued in two Classes, the first of which CC Certificate shall be known as the “Class A Series 2024-3 4.65% "Asset Backed Certificates” Certificate, Series 2002-CC." The Series 2002-CC Certificate shall constitute a "security" within the meaning of (i) Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the State of New York and (ii) the Uniform Commercial Code of any other applicable jurisdiction that presently or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the second National Conference of which shall be known as Commissioners on Uniform State Laws and approved by the “Class B Series 2024-3 5.08% Asset Backed Certificates.” In additionAmerican Bar Association on February 14, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2024-3” 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 2024-3 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 Supplement1995.
(b) Series 20242002-3 CC shall be included in Group I One and shall be a Principal Sharing Series. Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 CC shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242002-3 CC shall be the August 2024 November 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) This Supplement is the Series 2002-CC Supplement referred to in the Transfer and Administration Agreement, dated as of October 9, 2002, among Capital One Multi-asset Execution Trust, as issuer, the Transferor, as transferor, Capital One Bank, as administrator, and The Bank of New York, as indenture trustee.
(e) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest Series 2002-CC Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsintends and, and together with the Collateral Interest HolderSeries 2002-CC Certificateholder, agree agrees to treat the Collateral Interest Series 2002-CC Certificate for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-H Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241999-3.” H (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-H (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of H (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 H shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 H shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express the "National City Credit Account Card Master Trust, Series 20242001-31.” " The Series 20242001-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2001-1" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-1.” " The Class A Certificates and the Class B Certificates shall be substantially in the form of EXHIBITS A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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 Certificate" for all purposes under the Agreement and this Supplement, except as expressly provided herein, and which shall be known as the Collateral Interest, Series 2001-1 (the "COLLATERAL INTEREST").
(b) Series 20242001-3 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article ARTICLE VI and Article ARTICLE XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in 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 SECTION 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant Notwithstanding any provision in the Agreement or in this Supplement to Section 6.03(c) of the Agreementcontrary, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 first Distribution Date with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242001-31 shall be the March 2001 Distribution Date and the first Monthly Period shall be the period from the Closing Date until February 28, 2001.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (National City Credit Card Master Trust), Pooling and Servicing Agreement (National City Credit Card Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-D Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241999-3.” The Series 2024-3 Certificates shall be issued in two Classes, D (the first of which shall be known as the “"Class A Series 2024-3 4.65Certificates") and the Class B 6.50% Asset Backed Certificates” , Series 1999-D (the "Class B Certificates"). The Class A Certificates and the second of which Class B Certificates shall be known as substantially in the “Class B Series 2024-3 5.08% Asset Backed Certificates.” form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of D (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 D shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 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 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20242000-3E Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.657.80% Asset Backed Certificates” , Series 2000-E (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.088.15% Asset Backed Certificates.” , Series 2000-E (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of E (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 E shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 E shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20242018-31.” The Series 20242018-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20242018-3 4.651 2.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20242018-3 5.081 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 20242018-31” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20242018-3 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.
(b) Series 20242018-3 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20242018-3 1 shall be an Excess Allocation Series. Series 20242018-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242018-3 1 shall be the August 2024 April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July March 31, 20242018.
(c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsTransferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor Transferors may, from time to time, increase the amount of the Series 20242018-3 1 Certificates by issuing and selling additional Series 20242018-3 1 Certificates. Any additional Series 20242018-3 1 Certificates so issued shall be treated, for all purpose, like the Series 20242018-3 1 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 20242018-3 1 shall be a Repurchase Reporting Series.
(f) Series 20242018-3 1 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20242018-3 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20242018-31.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express the "National City Credit Account Card Master Trust, Series 20242000-31.” " The Series 20242000-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2000-1" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2000-1.” " The Class A Certificates and the Class B Certificates shall be substantially in the form of EXHIBITS A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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 Certificate" for all purposes under the Agreement and this Supplement, except as expressly provided herein, and which shall be known as the Collateral Interest, Series 2000-1 (the "COLLATERAL INTEREST").
(b) Series 20242000-3 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article ARTICLE VI and Article ARTICLE XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in SECTION 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in SECTION 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section SECTION 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant Notwithstanding any provision in the Agreement or in this Supplement to Section 6.03(c) of the Agreementcontrary, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 first Distribution Date with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20242000-31 shall be the October 2000 Distribution Date and the first Monthly Period shall be the period from the Closing Date until September 30, 2000.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (National City Credit Card Master Trust), Pooling and Servicing Agreement (National City Credit Card Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Series Supplement to be known as “American Express Credit Account Master Trust, Series 2024-3.” The Series 2024-3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-3 4.65% "Auto Loan Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 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 20242002-3” and which shall be deemed CC". This Series Supplement is the Series 2002-CC Supplement referred to be “Investor Certificates” for all purposes under in (i) the DCMOT Trust Agreement and this Supplement other than for purposes of (ii) the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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 SupplementIndenture.
(b) Series 2024-3 In the event that any term or provision contained herein shall conflict with or be included in Group I and shall be a Principal Sharing Series. Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 shall not be subordinated to inconsistent with any other Series. Notwithstanding any term or provision contained in the Agreement or in this Supplement to the contraryAgreement, the first Distribution Date with respect to terms and provisions of this Series 2024-3 Supplement shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024govern.
(c) Except as expressly provided hereinNotwithstanding anything to the contrary in the Agreement, clause (ic) of the provisions of Article VI definition "Tax Opinion" shall not apply with respect to the Series 2002-CC Certificates and Article XII any provision of the Agreement relating to (including, for the registrationavoidance of doubt, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and clause (iia) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest definition "Tax Opinion") that requires a Series of Investor Certificates to be treated as debt for federal, state and local income and franchise tax purposes, but rather purposes shall not apply to the Transferor Series 2002-CC Certificates. The Seller intends, and together with the Collateral Interest HolderHolders of the Series 2002-CC Certificates agree by accepting the Series 2002-A Certificates, agree to treat that the Collateral Interest for federal, state and local income and franchise tax purposes as representing Series 2002-CC Certificates represent an equity interest in the assets of the TrustTrust for tax purposes.
(d) Pursuant to Section 6.03(c) of Notwithstanding the definition "Required Participation Amount" in the Agreement, the Transferor may, from time calculation of the Required Participation Amount as it relates to time, increase Series 2002-CC shall be made as follows: an amount equal to the sum of (i) the sum of the amounts for each series of Notes obtained by multiplying the Required Participation Percentage for Series 2002-CC by the nominal liquidation amount of such series of Notes and (ii) the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, sum of the overcollateralization amounts for all purpose, like each series of Notes on the Series 2024-3 Certificates subject preceding Distribution Date after giving effect to the terms of the Agreement allocations, deposits and this Supplementpayments made on such Distribution Date.
(e) The Series 20242002-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 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 CC Certificates need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3rated.
Appears in 2 contracts
Sources: Series Supplement Agreement (Daimlerchrysler Master Owner Trust), Series Supplement Agreement (Carco Auto Loan 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 "Fleet Credit Account Card Master TrustTrust II, Series 20241999-3.” D." The Series 2024-3 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the “"Class A Series 2024Floating Rate Asset-3 4.65% Asset Backed Certificates” , Series 1999-D," and the second of which Class shall be known as the “"Class B Series 2024Floating Rate Asset-3 5.08% Asset Backed Certificates.” , Series 1999-D." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20241999-3 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. D." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 1999-D.
(b) Series 20241999-3 D shall be included in Group I and One. Series 1999-D shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 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 20241999-3 D shall be the August 2024 December 15, 1999 Distribution Date, and references herein to the Monthly Period relating to the December 15, 1999 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include July 31, 2024of November 1999.
(cd) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Series 1999 D Supplement (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 "Capital One Master Trust, Series 20242000-35.” " The Series 20242000-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2000-5" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2000-5.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242000-3 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 Supplement5."
(b) Series 20242000-3 5 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242000-3 5 shall be the August 2024 December 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in
Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor ----------- Certificates to be issued pursuant to the Agreement and this Series Supplement to be known generally as “American Express Credit Account Master Trust, the "Series 20241999-3B Certificates.” " The Series 20241999-3 B -------------------------- Certificates shall be issued in two Classes, the first of Classes which shall be known designated generally as (i) the “Class A Series 2024-3 4.65% A-1 Variable Funding Asset Backed Certificates” , Series 1999-B (the "Class A-1 Certificates"), the Class A-2 Variable Funding Asset Backed ---------------------- Certificates, Series 1999-B (the "Class A-2 Certificates", and together with the second of which shall be known as ---------------------- Class A-1 Certificates, the “"Class B Series 2024-3 5.08% A Certificates") and (ii) the Class B-1 -------------------- Variable Funding Asset Backed Certificates.” , Series 1999-B (the "Class B-1 --------- Certificates") and the Class B-2 Variable Funding Asset Backed Certificates, ------------ Series 1999-B (the "Class B-2 Certificates", and together with the Class B-1 ---------------------- Certificates, the "Class B Certificates"). In addition, there is hereby created -------------------- a third Class of which constitutes an uncertificated interests interest in the Trust Trust, which shall be deemed to be an "Investor Certificate" for all purposes under the -------------------- Agreement and this Series Supplement, except as expressly provided herein, and which shall be known as the “Collateral Interest, Series 20241999-3” and which shall be deemed B, with such rights as are assigned 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 in this Series 2024-3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.
(b) Series 2024-3 The Collateral Interest Holder, as holder of an "Investor Certificate" -------------------- under the Agreement, shall be included in Group I and shall be a Principal Sharing Series. Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 shall not be subordinated entitled to any other Series. Notwithstanding any provision in the benefits of the Agreement or in and this Series Supplement to upon payment by the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin Collateral Interest Holder of amounts owing on and include the Closing Date and end on and include July 31pursuant to the Loan Agreement. Notwithstanding the foregoing, 2024.
(c) Except except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (iithe requirement of subsection 6.09(b) with respect to the provisions delivery of Section 3.07 an Opinion of Counsel that the Agreement shall not cause the Collateral Interest to Investor Certificates be treated as debt for federal, state and local Federal income and franchise tax purposes, but rather the Transferor intends, and together with purposes will not be applicable to the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustInterest.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates Notes to be issued pursuant to the Agreement Indenture and this Indenture Supplement to be known as “American Express Credit Account Master Trust"HOUSEHOLD PRIVATE LABEL CREDIT CARD MASTER NOTE TRUST I, Series 2024SERIES 2001-32" or the "SERIES 2001-2 NOTES.” " The Series 20242001-3 Certificates 2 Notes shall be issued in two Classes, the first of which shall be known as the “Class "CLASS A Series 2024SERIES 2001-3 4.65% Asset Backed Certificates” 2 FIXED RATE ASSET BACKED NOTES" and the second of which shall be known as the “Class "CLASS B SERIES 2001-2 FLOATING RATE ASSET BACKED NOTES". The Series 20242001-3 5.08% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which 2 Notes shall be known as the “Collateral Interest, Series 2024-3” due and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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 payable on the Series Enhancer for all purposes under the Agreement and this Supplement2001-2 Final Maturity Date.
(b) Series 20242001-3 2 shall be included in Group I a Pool One Series and shall be a in Principal Sharing SeriesGroup One and Excess Finance Charge Sharing Group One, and shall not be in a Reallocation Group, Shared Enhancement Group or be allocated Shared Transferor Principal Collections. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement Indenture or in this Indenture Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 2 shall be the August 2024 September 17, 2001 Distribution Date Date, and the first Monthly Due Period shall begin on and include the Closing Date August 1, 2001 and end on and include July August 31, 20242001.
(c) Except as expressly provided hereinIn the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture, (i) the terms and provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates this Indenture Supplement shall be controlling. All capitalized terms not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest otherwise defined herein are defined in the assets of Indenture, the Transfer and Servicing Agreement or the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Designation. (a) There 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 20242002-3.” C." The Series 2024-3 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 20242.75% Asset-3 4.65% Asset Backed Certificates” , Series 2002-C," and the second of which Class shall be known as the “"Class B Series 2024Floating Rate Asset-3 5.08% Asset Backed Certificates.” , Series 2002-C." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242002-3 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. C." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2002-C.
(b) Series 20242002-3 C shall be included in Group I and One. Series 2002-C shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 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 20242002-3 C shall be the August 2024 January 2003 Distribution Date, and references herein to the Monthly Period relating to the January 2003 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 July 31, 2024of December 2002.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Capital One Master Trust, Series 20242001-31.” The Series 20242001-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates, Series 2001-1” and the second of which shall be known as the “Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-1.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which, except as expressly provided herein, shall be deemed to be “Investor Certificates” (and the Collateral Interest Holder shall be deemed to be an “Investor Certificateholder”) for all purposes under the Agreement and this Supplement and which shall be known as the “Collateral Interest, Series 20242001-3” 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 2024-3 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 Supplement1.”
(b) Series 20242001-3 1 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 1 shall be the August 2024 March 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an “Investor Certificate” shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of “Tax Opinion” in
Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242000-34.” " The Series 20242000-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2000-4" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2000-4.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242000-3 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 Supplement4."
(b) Series 20242000-3 4 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242000-3 4 shall be the August 2024 November 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in
Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-G Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242000-3.” G (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-G (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of G (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 G shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 G shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-L Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241999-3.” L (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-L (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of L (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 L shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 L shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242001-37.” " The Series 20242001-3 7 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.653.85% Asset Backed Certificates” , Series 2001-7" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-7.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-3 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 Supplement7."
(b) Series 20242001-3 7 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 7 shall be the August 2024 November 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242001-32.” " The Series 20242001-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2001-2" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-2.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-3 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 Supplement2."
(b) Series 20242001-3 2 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 2 shall be the August 2024 June 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20241999-3.” 2". The Series 20241999-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 1999-2" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 1999-2.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20241999-3 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 Supplement2."
(b) Series 20241999-3 2 shall be included in Group I One and shall be a Principal Sharing Series. Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20241999-3 2 shall be the August 2024 July 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in
Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242002-3.” " The Series 20242002-3 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2002-3" and the second of which shall be known as the “"Class B Series 2024-3 5.084.55% Asset Backed Certificates, Series 2002-3.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242002-3 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 Supplement3."
(b) Series 20242002-3 shall be included in Group I One and shall be a Principal Sharing Series. Series 2024-3 shall be an Excess Allocation Series. Series 20242002-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242002-3 shall be the August 2024 June 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242000-32.” " The Series 20242000-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.657.20% Asset Backed Certificates” , Series 2000-2" and the second of which shall be known as the “"Class B Series 2024-3 5.087.35% Asset Backed Certificates, Series 2000-2.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242000-3 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 Supplement2."
(b) Series 20242000-3 2 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242000-3 2 shall be the August 2024 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in
Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Supplement to Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-F Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242000-3.” F (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-F (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of F (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 F shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 F shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1997-4 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241997-3.” 4 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1997-4 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as ex pressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241997-3 for all purposes of 4 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241997-3 4 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241997-3 shall be an Excess Allocation Series. Series 2024-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Supplement to Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-K Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242000-3.” K (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-K (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of K (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 K shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 K shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-E Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241998-3.” E (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-E (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 for all purposes of E (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241998-3 E shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 E shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-F Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241998-3.” F (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-F (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 for all purposes of F (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241998-3 F shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 F shall not be subordinated to any other Series. Notwithstanding any provision in .
(a) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement or in and this Series Supplement to upon payment by the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin Collateral Interest Holder of amounts owing on and include the Closing Date as agreed to by the Seller and end on and include July 31the Collateral Interest Holder. Notwithstanding the foregoing, 2024.
(c) Except except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby The Series created a pursuant to the Original Series 2001-D Supplement consists of an Investor Certificates to be Certificate issued pursuant to the Agreement and this the Original Series 2001-D Supplement to be known as “American Express Credit Account Master Trust, Series 2024-3.” The Series 2024-3 Certificates shall be issued in two Classes, the first of which shall be and known as the “"Series 2001-D Certificate." Such Investor Certificate has been issued in one Class A Series 2024-3 4.65% and is designated the Asset Backed Certificates” and Certificate, Series 2001-D (the second "Series 2001-D Certificate"). The Series 2001-D Certificate has been issued as one definitive certificate substantially in the form of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” Exhibit A hereto. In addition, there is hereby created a third Class of uncertificated interests second Class, an undivided interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an Investor Certificates” Certificate for all purposes under the Agreement and this Supplement other than for purposes of Series Supplement, which shall be known as the definition of Class D Certificate, Series 2001-D (the term “Tax Opinion” in Section 1.01 of the Agreement"Class D Certificate"). The Collateral Interest Class D Certificate shall be considered a Class been issued as one definitive certificate substantially in the form of Series 2024-3 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 SupplementExhibit A-1 hereto.
(b) Series 20242001-3 shall be D is included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 shall D is not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement do not be applicable apply to the Collateral InterestSeries 2001-D Certificate, and (ii) the provisions of Section 3.07 of the Agreement shall do not apply to cause the Collateral Interest Series 2001-D Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsintends and, and together with the Collateral Interest HolderSeries 2001-D Certificateholders, agree agrees to treat the Collateral Interest Series 2001-D Certificate for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) The Class D Certificateholder, as holder of an Investor Certificate under the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject entitled to the terms benefits of the Agreement and this Series 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 the opinion described in Section 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Class D Certificate, and (ii) the provisions of Section 3.07 of the Agreement do not apply to cause the Class D Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor, as the Class D Certificateholder, intends and agrees to treat the Class D Certificate for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(e) This Series 2024Supplement is the Series 2001-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with D Supplement referred to in the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) Third Amended and Restated Trust Agreement of the AgreementBA Credit Card Trust, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3dated as of October 20, 2006, among Funding, as beneficiary, and Wilmington Trust Company, as owner trustee.
Appears in 1 contract
Sources: Series 2001 D Supplement (BA Credit Card Funding, LLC)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242002-32.” " The Series 20242002-3 2 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2002-2" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2002-2.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242002-3 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 Supplement2."
(b) Series 20242002-3 2 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242002-3 2 shall be the August 2024 May 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-6 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241998-3.” 6 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-6 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as ex pressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 for all purposes of 6 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241998-3 6 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation cancel- lation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Supplement to Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There 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 20242001-3.” C." The Series 2024-3 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 20243.86% Asset-3 4.65% Asset Backed Certificates” , Series 2001-C," and the second of which Class shall be known as the “"Class B Series 20244.19% Asset-3 5.08% Asset Backed Certificates.” , Series 2001-C." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242001-3 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. C." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2001-C.
(b) Series 20242001-3 C shall be included in Group I and One. Series 2001-C shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 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 20242001-3 C shall be the August 2024 December 2001 Distribution Date, and references herein to the Monthly Period relating to the December 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 July 31, 2024of November 2001.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Series 2001 C Supplement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-A Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241999-3.” A (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-A (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of A (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 A shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 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 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in three classes pursuant to the Pooling and Servicing Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust"Series E." The three classes shall be designated the 5.50% Class A Asset Backed Certificates, Series 2024-3.” E (the "Class A Certificates"), the Class B Investor Interest, Series E (the "Class B Investor Interest") and the Class C Investor Interest, Series E (the "Class C Investor Interest"). The Series 2024-3 Class A Certificates shall be issued substantially in two Classes, the first form of which Exhibit A hereto. Each of the Class B Investor Interest and the Class C Investor Interest shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as (subject to the “Collateral Interestprovisions of subsection 11(c) hereof), Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Pooling and Servicing Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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 Supplementexcept as expressly provided herein.
(b) Series 2024-3 Each of the Class B Investor Interest Holder and the Class C Investor Interest Holder, as holder of an "Investor Certificate" under the Pooling and Servicing Agreement, shall be included in Group I entitled to the benefits of the Pooling and shall be a Principal Sharing Series. Servicing Agreement and this Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 shall not be subordinated to any other SeriesSupplement upon payment by such Class B Investor Interest Holder or such Class C Investor Interest Holder, as applicable, of the purchase price of the Class B Investor Interest or the Class C Investor Interest, as applicable. Notwithstanding any provision in the Agreement or in this Supplement to the contraryforegoing, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except except as expressly provided herein, (i) (A) the provisions of Article VI and Article XII of the Pooling and Servicing Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered registered Certificates and (B) the opinion described in subsection 6.12(b)(e) of the Pooling and Servicing Agreement shall not not, subject in the case of clause (A) to the provisions of subsection 11(c) hereof, be applicable to the Collateral Interest, Class B Investor Interest or the Class C Investor Interest and (ii) the provisions of Section 3.07 3.7 of the Pooling and Servicing Agreement shall not apply to cause the Collateral Class C Investor Interest (or the Class B Investor Interest while retained by JCPR) to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsJCPR intends and, and together with the Collateral Class C Investor Interest Holder, agree agrees to treat the Collateral Class C Investor Interest (and the Class B Investor Interest while retained by JCPR) for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2001-B Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242001-3.” B (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2001-B (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242001-3 for all purposes of B (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242001-3 B shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 B shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-1 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241999-3.” 1 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-1 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of 1 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-2 Certificates." The two classes shall be desig nated the Class A Floating Rate Asset Backed Certificates, Series 20241998- 2 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-3.” 2 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 for all purposes of 2 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241998-3 2 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-5 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241998-3.” 5 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-5 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 for all purposes of 5 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241998-3 5 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There 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 20241998-3.” 4". The Series 20241998-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.655.43% Asset Backed Certificates” , Series 1998-4" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 1998-4.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a known as the "Class of C Floating Rate Asset Backed Interests, Series 20241998-3 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 Supplement4."
(b) Series 20241998-3 4 shall be included in Group I One and shall be a Principal Sharing Series and a Subordinated Excess Principal Series. Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20241998-3 4 shall be the August 2024 December 1998 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Class C Interest Holders, as holders 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) Class C Interests. The Class C Interests shall be deemed to arise upon the provisions of Section 3.07 payment of the Agreement shall not cause amounts due on the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject Closing Date pursuant to the terms of the Agreement and this SupplementLoan Agreement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242001-3.” " The Series 20242001-3 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.655.45% Asset Backed Certificates” , Series 2001-3" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-3.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-3 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 Supplement3."
(b) Series 20242 001-3 shall be included in Group I One and shall be a Principal Sharing Series. Series 2024-3 shall be an Excess Allocation Series. Series 20242001-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 shall be the August 2024 June 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement Supplement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242002-34.” " The Series 20242002-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.654.90% Asset Backed Certificates” , Series 2002-4" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2002-4.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242002-3 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 Supplement4."
(b) Series 20242002-3 4 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242002-3 4 shall be the August 2024 July 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20241999-3.” 1". The Series 20241999-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 1999-1" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 1999-1.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20241999-3 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 Supplement1."
(b) Series 20241999-3 1 shall be included in Group I One and shall be a Principal Sharing Series. Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20241999-3 1 shall be the August 2024 June 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral InterestInterest , and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement Supplement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20241999-3.” A." The Series 2024-3 of Investor Certificates created hereby shall be issued in two three Classes, the . The first of which Class shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” and , Series 1999-A," the second of which Class shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a Series 1999-A" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Floating Rate Asset Backed Interests, Series 20241999-3” and which A." Except as expressly provided herein, the Class C Interests shall be deemed to be “"Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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. The Class C Interests shall be in uncertificated form. Solely for the purposes of Section 9.02(a) of the Agreement, the holders of interests in the Cash Collateral Account shall be deemed to be a separate Class. Notwithstanding anything to the contrary in the Agreement, (i) none of the Class B Certificateholders or the Class C Interest Holders shall be considered a Series Enhancer for Series 1999-A, (ii) the Cash Collateral Depositor shall be considered a Series Enhancer for Series 1999-A only if such Person is not the Seller, Servicer or an Affiliate thereof and (iii) the Spread Account Residual Interest Holder shall be considered a Series Enhancer only if such Person is not the Seller, the Servicer or an Affiliate thereof.
(b) Series 20241999-3 A shall be included in Group I and One. Series 1999-A shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 A shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this 5 Supplement to the contrary, the first Distribution Date with respect to Series 20241999-3 A shall be the August 2024 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 July 31, 2024of 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 Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242001-38.” " The Series 20242001-3 8 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.654.60% Asset Backed Certificates” , Series 2001-8" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-8.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-3 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 Supplement8."
(b) Series 20242001-3 8 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 8 shall be the August 2024 December 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20242001-3.” B." The Series 2024-3 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 20245.60% Asset-3 4.65% Asset Backed Certificates” , Series 2001-B," and the second of which Class shall be known as the “"Class B Series 20245.90% Asset-3 5.08% Asset Backed Certificates.” , Series 2001-B." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242001-3 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. B." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2001-B.
(b) Series 20242001-3 B shall be included in Group I and One. Series 2001-B shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 B shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 B shall be the August 2024 2001 Distribution Date, and references herein to the Monthly Period relating to the August 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 of July 31, 20242001.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242000-3.” 1". The Series 20242000-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.657.10% Asset Backed Certificates” , Series 2000-1" and the second of which shall be known as the “"Class B Series 2024-3 5.087.30% Asset Backed Certificates, Series 2000-1.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242000-3 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 Supplement1."
(b) Series 20242000-3 1 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242000-3 1 shall be the August 2024 April 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in
Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242001-34.” " The Series 20242001-3 4 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2001-4" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-4.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-3 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 Supplement4."
(b) Series 20242001-3 4 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 4 shall be the August 2024 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-H Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242000-3.” H (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-H (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of H (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 H shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 H shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20242001-3.” A." The Series 2024-3 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the “"Class A Series 2024Floating Rate Asset-3 4.65% Asset Backed Certificates” , Series 2001-A," and the second of which Class shall be known as the “"Class B Series 2024Floating Rate Asset-3 5.08% Asset Backed Certificates.” , Series 2001-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 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242001-3 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. A." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2001-A.
(b) Series 20242001-3 A shall be included in Group I and One. Series 2001-A shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 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 20242001-3 A shall be the August 2024 April 2001 Distribution Date, and references herein to the Monthly Period relating to the April 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 July 31, 2024of March 2001.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. 6
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20242002-3.” B." The Series 2024-3 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the “"Class A Series 2024Floating Rate Asset-3 4.65% Asset Backed Certificates” , Series 2002-B," and the second of which Class shall be known as the “"Class B Series 2024Floating Rate Asset-3 5.08% Asset Backed Certificates.” , Series 2002-B." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242002-3 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. B." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2002-B.
(b) Series 20242002-3 B shall be included in Group I and One. Series 2002-B shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 B shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242002-3 B shall be the August 2024 December 2002 Distribution Date, and references herein to the Monthly Period relating to the December 2002 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 July 31, 2024of November 2002.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Series 2002 B Supplement (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 the "National City Credit Account Card Master Trust, Series 20242002-31.” " The Series 20242002-3 1 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2002-1" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2002-1.” " The Class A Certificates and the Class B Certificates shall be substantially in the form of EXHIBITS A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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 Certificate" for all purposes under the Agreement and this Supplement, except as expressly provided herein, and which shall be known as the Collateral Interest, Series 2002-1 (the "COLLATERAL INTEREST").
(b) Series 20242002-3 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article ARTICLE VI and Article ARTICLE XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in clauses (a) and (c) of the definition of Tax Opinion in SECTION 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.the
Appears in 1 contract
Sources: Pooling and Servicing Agreement (National City Credit Card Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in three classes pursuant to the Pooling and Servicing Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust"Series E." The three classes shall be designated the ___% Class A Asset Backed Certificates, Series 2024-3.” E (the "Class A Certificates"), the Class B Investor Interest, Series E (the "Class B Investor Interest") and the Class C Investor Interest, Series E (the "Class C Investor Interest"). The Series 2024-3 Class A Certificates shall be issued substantially in two Classes, the first form of which Exhibit A hereto. Each of the Class B Investor Interest and the Class C Investor Interest shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as (subject to the “Collateral Interestprovisions of subsection 11(c) hereof), Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Pooling and Servicing Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2024-3 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 Supplementexcept as expressly provided herein.
(b) Series 2024-3 Each of the Class B Investor Interest Holder and the Class C Investor Interest Holder, as holder of an "Investor Certificate" under the Pooling and Servicing Agreement, shall be included in Group I entitled to the benefits of the Pooling and shall be a Principal Sharing Series. Servicing Agreement and this Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 shall not be subordinated to any other SeriesSupplement upon payment by such Class B Investor Interest Holder or such Class C Investor Interest Holder, as applicable, of the purchase price of the Class B Investor Interest or the Class C Investor Interest, as applicable. Notwithstanding any provision in the Agreement or in this Supplement to the contraryforegoing, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except except as expressly provided herein, (i) (A) the provisions of Article VI and Article XII of the Pooling and Servicing Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered registered Certificates and (B) the opinion described in subsection 6.12(b)(e) of the Pooling and Servicing Agreement shall not not, subject in the case of clause (A) to the provisions of subsection 11(c) hereof, be applicable to the Collateral Interest, Class B Investor Interest or the Class C Investor Interest and (ii) the provisions of Section 3.07 3.7 of the Pooling and Servicing Agreement shall not apply to cause the Collateral Class C Investor Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsJCPR intends and, and together with the Collateral Class C Investor Interest Holder, agree agrees to treat the Collateral Class C Investor Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Designation. (a) There 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 20242003-3.” A." The Series 2024-3 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 20242.40% Asset-3 4.65% Asset Backed Certificates” , Series 2003-A," and the second of which Class shall be known as the “"Class B Series 2024Floating Rate Asset-3 5.08% Asset Backed Certificates.” , Series 2003-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 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242003-3 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. A." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2003-A.
(b) Series 20242003-3 A shall be included in Group I and One. Series 2003-A shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242003-3 shall be an Excess Allocation Series. Series 2024-3 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 20242003-3 A shall be the August 2024 April 2003 Distribution Date, and references herein to the Monthly Period relating to the April 2003 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 July 31, 2024of March 2003.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-[ ] Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 2024-3.” 1999-[ ] (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-[ ] (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 2024-3 for all purposes of 1999-[ ] (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 2024-3 1999-[ ] shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 1999-[ ] shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Credit Card 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 "ADVANTA Credit Account Card Master TrustTrust II, Series 20241998-3.” A." The Series 20241998-3 A Certificates shall be issued in two Classes, the . The first of which Class shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 1998-A" and the second of which Class shall be known as the “"Class B Series 2024-3 5.08% 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 2024-3” 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 2024-3 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 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 20241998-3 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 20241998-3 shall be an Excess Allocation Series. Series 2024-3 A shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20241998-3 A shall be the August 2024 April 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 July 31, 2024of March 1998.
(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 Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: 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 "Travelers Bank Credit Account Card Master TrustTrust I, Series 20241998-31.” " The Series 2024-3 of Investor Certificates created hereby shall be issued in two three Classes, the . The first of which Class shall be known as the “"Class A Series 2024-3 4.656.00% Asset Backed Certificates” and , Series 1998-1," the second of which Class shall be known as the “"Class B Series 2024-3 5.08% Asset Backed Certificates.” In addition, there is hereby created a Series 1998-1" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Asset Backed Interests, Series 20241998-3” 1." Except as expressly provided herein, the Class B Certificates and which the Class C Interests shall be deemed to be “"Investor Certificates” " for all purposes under the Agreement and this Supplement other than for purposes and shall be in uncertificated form. Notwithstanding anything to the contrary in the Agreement, (i) none of the definition of Class B Certificateholders or the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Class C Interest Holders shall be considered a Class of Series 2024-3 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 SupplementSeries 1998-1.
(b) Series 20241998-3 1 shall be included in Group I and One. Series 1998-1 shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20241998-3 1 shall be an Excess Allocation SeriesSeries with respect to Group One only. Series 20241998-3 1 shall be entitled to share Excess Transferor Finance Charge Collections and Shared Transferor Principal Collections. Series 1998-1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20241998-3 1 shall be the August 2024 April 15, 1998 Distribution Date, and references herein to the Monthly Period relating to the April 15, 1998 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and end on and include July through March 31, 20241998.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Class B Certificateholders and the Class C Interest Holders, as holders of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) Class B Certificates or the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-B Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242000-3.” B (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-B (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of B (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 B shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 B shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates Securities to be issued pursuant to the Agreement and this Series Supplement to be known generally as “American Express Credit Account Master Trust, the "Series 2024[-3] Securities.” " The Series 2024[-3 Certificates ] Securities shall be issued in two Classes, the first of which shall be known designated generally as the “Floating Rate Asset Backed Securities, Series [-], Class A Series 2024-3 4.65% (the "Class A Securities"), and the Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Securities, Series [-], Class B Series 2024-3 5.08% Asset Backed Certificates.” (the "Class B Securities"). In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Security" for all purposes under the Agreement and this Supplement other than for purposes Series Supplement, except as expressly provided herein, and which shall be known as the Excess Collateral, Series [-] (the "Excess Collateral").
(b) The Excess Collateral Holder, as holder of the definition of the term “Tax Opinion” in Section 1.01 of an "Investor Security" under the Agreement. The Collateral Interest , shall be considered a Class of Series 2024-3 for all purposes entitled to the benefits of the Agreement and this Supplement, including for purposes Series Supplement upon payment by the Excess Collateral Holder of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.
(b) Series 2024-3 shall be included in Group I and shall be a Principal Sharing Series. Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin amount owing on and include the Closing Date as agreed to by the Transferor and end on and include July 31the Excess Collateral Holder. Notwithstanding the foregoing, 2024.
(c) Except except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of the Registered Certificates Securities and the provisions of subsection 6.9(b) of the Agreement with respect to the effect that a newly issued series of Investor Securities will be treated as debt for Federal income tax purposes shall not be applicable to the Excess Collateral Interest, and (ii) the provisions of Section 3.07 3.7 of the Agreement shall not apply to cause the Excess Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsintends and, and together with the Excess Collateral Interest Holder, agree agrees to treat the Excess Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Metris Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-2 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241999-3.” 2 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-2 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241999-3 for all purposes of 2 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241999-3 2 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241999-3 shall be an Excess Allocation Series. Series 2024-3 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20242000-3.” D." The Series 2024-3 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the “"Class A Series 2024Floating Rate Asset-3 4.65% Asset Backed Certificates” , Series 2000-D," and the second of which Class shall be known as the “"Class B Series 2024Floating Rate Asset-3 5.08% Asset Backed Certificates.” , Series 2000-D." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242000-3 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. D." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2000-D.
(b) Series 20242000-3 D shall be included in Group I and One. Series 2000-D shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 D shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242000-3 D shall be the August 2024 January 2001 Distribution Date, and references herein to the Monthly Period relating to the January 2001 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include July 31, 2024of December 2000.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor Seller intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express the "National City Credit Account Card Master Trust, Series 2024-32000-__.” " The Series 2024-3 2000-__ Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2000-__" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2000-__.” " The Class A Certificates and the Class B Certificates shall be substantially in the form of EXHIBITS A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 2024-3 for all purposes of 2000-_ (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement"COLLATERAL INTEREST").
(b) Series 2024-3 2000-__ shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 2024-3 shall be an Excess Allocation Series. Series 2024-3 2000-__ shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article ARTICLE VI and Article ARTICLE XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in SECTION 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in SECTION 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section SECTION 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant Notwithstanding any provision in the Agreement or in this Supplement to Section 6.03(c) of the Agreementcontrary, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 first Distribution Date with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-32000-__ shall be the __________ 2000 Distribution Date and the first Monthly Period shall be the period from the Closing Date until __________ __, 2000.
Appears in 1 contract
Sources: Series Supplement (National City Credit Card Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-C Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242000-3.” C (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-C (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of C (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 C shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 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 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-D Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20242000-3.” D (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-D (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20242000-3 for all purposes of D (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20242000-3 D shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20242000-3 shall be an Excess Allocation Series. Series 2024-3 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 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Capital One Master Trust, Series 20242001-35.” The Series 20242001-3 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2024-3 4.655.30% Asset Backed Certificates, Series 2001-5” and the second of which shall be known as the “Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-5.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which, except as expressly provided herein, shall be deemed to be “Investor Certificates” (and the Collateral Interest Holder shall be deemed to be an “Investor Certificateholder”) for all purposes under the Agreement and this Supplement and which shall be known as the “Collateral Interest, Series 20242001-3” 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 2024-3 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 Supplement5.”
(b) Series 20242001-3 5 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 5 shall be the August 2024 September 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an “Investor Certificate” shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of “Tax Opinion” in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20242001-36.” " The Series 20242001-3 6 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 2001-6" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 2001-6.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20242001-3 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 Supplement6."
(b) Series 20242001-3 6 shall be included in Group I One and shall be a Principal Sharing Series. Series 20242001-3 shall be an Excess Allocation Series. Series 2024-3 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20242001-3 6 shall be the August 2024 October 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20241997-35 Certificates.” " The Series 2024-3 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2024-3 4.656.194% Asset Backed Certificates” , Series 1997-5 (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.086.388% Asset Backed Certificates.” , Series 1997-5 (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241997-3 for all purposes of 5 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241997-3 5 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241997-3 shall be an Excess Allocation Series. Series 2024-3 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 2024-3.” The Series 20241998-3 Certificates Certificates." The two classes shall be issued in two Classes, desig nated the first of which shall be known as the “Class A Series 2024-3 4.656.00% Asset Backed Certificates” , Series 1998-3 (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2024-3 5.086.15% Asset Backed Certificates.” , Series 1998-3 (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 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 SupplementInterest").
(b) Series 20241998-3 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 2024-3 shall be an Excess Allocation Series. Series 20241998-3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1996-4 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241996-3.” 4 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1996-4 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241996-3 for all purposes of 4 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241996-3 4 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241996-3 shall be an Excess Allocation Series. Series 2024-3 4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There is hereby created a Series ----------- of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1997-1 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241997-3.” 1 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1997-1 (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241997-3 for all purposes of 1 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241997-3 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241997-3 shall be an Excess Allocation Series. Series 2024-3 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan 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, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Coun- sel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferor intends, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Supplement to Pooling and Servicing Agreement (Chase Manhattan Bank Usa)
Designation. (a) There 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 20242002-3.” A." The Series 2024-3 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the “"Class A Series 2024Floating Rate Asset-3 4.65% Asset Backed Certificates” , Series 2002-A," and the second of which Class shall be known as the “"Class B Series 2024Floating Rate Asset-3 5.08% Asset Backed Certificates.” , Series 2002-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 2024-3” 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 and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20242002-3 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. A." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2002-A.
(b) Series 20242002-3 A shall be included in Group I and One. Series 2002-A shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20242002-3 shall be an Excess Allocation Series. Series 2024-3 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 20242002-3 A shall be the August 2024 July 2002 Distribution Date, and references herein to the Monthly Period relating to the July 2002 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 July 31, 2024of June 2002.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20241999-3.” ". The Series 20241999-3 Certificates shall be issued in two Classes, the first of which shall be known as the “"Class A Series 2024-3 4.65% Floating Rate Asset Backed Certificates” , Series 1999-3" and the second of which shall be known as the “"Class B Series 2024-3 5.08% Floating Rate Asset Backed Certificates, Series 1999-3.” " In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2024-3” and which shall be deemed to be “"Investor Certificates” " for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20241999-3 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 Supplement3."
(b) Series 20241999-3 shall be included in Group I One and shall be a Principal Sharing Series. Series 2024-3 shall be an Excess Allocation Series. Series 20241999-3 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 20241999-3 shall be the August 2024 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024Date.
(c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern.
(d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in
Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital One Master Trust)
Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-C Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20241998-3.” C (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-C (the "Class B Certificates"). The Series 2024-3 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2024-3 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2024-3 5.08% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2024-3” and which shall be deemed to be “an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20241998-3 for all purposes of C (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest").
(b) Series 20241998-3 C shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20241998-3 shall be an Excess Allocation Series. Series 2024-3 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 2024-3 shall be the August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include July 31, 2024.
(c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferor intendsSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust.
(d) Pursuant to Section 6.03(c) of the Agreement, the Transferor may, from time to time, increase the amount of the Series 2024-3 Certificates by issuing and selling additional Series 2024-3 Certificates. Any additional Series 2024-3 Certificates so issued shall be treated, for all purpose, like the Series 2024-3 Certificates subject to the terms of the Agreement and this Supplement.
(e) Series 2024-3 shall be a Repurchase Reporting Series.
(f) Series 2024-3 shall be an Investor Communication Reporting Series.
(g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2024-3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2024-3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)