Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement. (b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply). (c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement. (d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply). (e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds. (f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii), Pooling and Servicing Agreement (Fleet Bank National Association /Ri/), Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Payment Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing Payment Date with respect to the first to occur of Early Amortization Period and on the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date Payment Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing Payment Date with respect to the Class B Principal Commencement Early Amortization Period and on the Expected Final Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B CertificateholderNoteholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date Payment Date to pay principal of the Class B Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 7.03 are subject to the provisions of Sections 2.06, 9.02, 10.01 2.7 and 12.02 Section 4.1 of the Transfer Agreement and Sections 8.1 Section 6.1 of the Servicing Agreement.
(f) Except as provided in Section 13.08 of the Indenture with respect to a final distribution, distributions to Series [•] Noteholders hereunder shall be made by check mailed to each Series [•] Noteholder at such Series [•] Noteholder’s address appearing in the Note Register without presentation or surrender of any Series [•] Note or the making of any notation thereon; provided, however, that with respect to the Class A Notes registered in the name of a clearing agency, such distributions shall be made to such clearing agency in immediately available funds and 8.2 with respect to the Holder of this Supplementany Class B Note if such Holder shall have provided written wire transfer instructions to the Indenture Trustee not less than five Business Days prior to the Payment Date, then the Indenture Trustee shall make distributions to such Holder by wire transfer of immediately available funds.
Appears in 4 contracts
Samples: Indenture Supplements (Barclays Dryrock Issuance Trust), Indenture Supplement (Barclays Dryrock Funding LLC), Indenture Supplement (Barclays Bank Delaware)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder The aggregate amount of record principal of and interest distributable on the related Record Certificates on any Distribution Date (other than as provided in Section 12.02 of shall be equal to the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available Certificate Distribution Amount on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first principal component of such amount being equal to occur the Principal Distribution Amount. Distributions of the Class A Expected Final Payment Date Principal Distribution Amount shall be made in the order and in the first Special Payment Dateamounts as among Classes and Components, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as applicable, as provided in Section 12.02 the Prospectus. All distributions of principal for any such Distribution Date which are made with respect to any Class of Certificates shall be made pro rata among all the Agreement) Certificates of such Class A Certificateholder's pro rata share in proportion to their respective Certificate Balances, with no preference or priority of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date any kind. All distributions made with respect to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount any Certificate on any such date equal Distribution Date shall be applied first to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available interest distributable thereon on such Distribution Date and then to pay the principal thereof. All computations of interest accrued on any Certificate shall be made as if each year consisted of twelve months of thirty days each. Distributions on the Certificates on any Distribution Date shall be made to Holders of record thereof on the previous Record Date. Interest on each interest-bearing Class B of Certificates pursuant to this Supplement.
(d) On for the related Interest Accrual Period at the applicable Interest Rate shall be distributable on each applicable Distribution Date, commencing with . The total amount of interest distributable in respect of any Certificate on any Distribution Date shall be equal to one month’s interest at the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record applicable Interest Rate on the related Record Date Certificate Balance thereof immediately prior to such Distribution Date. During each calendar month, distribution in reduction of the Certificate Balances of the Certificates of any Class (other than as provided the Interest Only Class) shall be made in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum an amount on any such date equal to the Class B Investor Principal Distribution Amount on such date (unless there has been an optional repurchase of and shall be distributed in the Certificateholders' Interest pursuant to Section 10.01 of amounts and in the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as priorities specified in writing by the Collateral Interest Holder, in immediately available fundsProspectus. Xxxxxx Xxx will initially act as Paying Agent for the purpose of making distributions on the Certificates as provided herein.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 3 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class A Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class A Certificates held by such Class A Certificateholder) of the amounts that are allocated and available on such Distribution Date to pay interest on deposit in the Class A Certificates Collection Account pursuant to this SupplementSection 4.10.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class B Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class B Certificates held by such Class B Certificateholder) of the amounts that are allocated and available on deposit in the Collection Account pursuant to Section 4.10.
(c) On the Class A Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record as of the preceding Record Date (other than as provided in Section 12.2 respecting a final distribution) such Distribution Date to pay interest Class A Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class B A Certificates held by such Class A Certificateholder) of the amounts on deposit in the Principal Funding Account as are payable to the Class A Certificateholders pursuant to this SupplementSection 4.10.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class B Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class B Certificates held by such Class B Certificateholder) of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal payable to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest Certificateholders pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)4.10.
(e) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to each Class C Certificateholder of record as of the Collateral Interest Holder preceding Record Date (other than as provided in Section 12.2 respecting a final distribution) such Class C Certificateholder's pro rata share (based on the aggregate amount Undivided Interests represented by Class C Certificates held by such Class C Certificateholder) of Class C Monthly Interest and unpaid Class C Monthly Interest to the extent available from Yield Collections pursuant to Section 4.9(c).
(f) On and after the date on which the Class A Certificateholders and the Class B Certificateholders have been paid in full, the Paying Agent shall distribute to each Class C Certificateholder of record as of the preceding Record Date (other than as provided in Section 12.2 respecting a final distribution) such Class C Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class C Certificates held by such Class C Certificateholder) of the amounts on deposit in the Collection Account as are payable to the Collateral Interest Holder Class C Certificateholders pursuant to Sections 4.5Section 4.10.
(g) Except as provided in Section 12.2 with respect to a final distribution, 4.7 and 4.14 distributions to Certificateholders hereunder shall be made by check mailed to each such Certificateholder at such Certificateholder's address appearing in the Collateral Interest Holder's accountCertificate Register without presentation or surrender of any such Certificate or the making of any notation thereon; provided, as specified however, that with respect to such Certificates registered in writing by the Collateral Interest Holdername of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 3 contracts
Samples: Master Pooling and Servicing Agreement (Yamaha Motor Receivables Corp), Master Pooling and Servicing Agreement (Yamaha Motor Receivables Corp), Master Pooling and Servicing Agreement (Yamaha Motor Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account [(including amounts withdrawn from the Spread Account (at the times and in the amounts specified in Section 4.12))] that are allocated and available on such Distribution Date and that are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder B Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderB Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or [(including amounts withdrawn from the Spread Account (at the times and in the amounts specified in Section 4.12))] that are otherwise allocated and available on such date Distribution Date and that are payable to pay principal of the Class A Certificates B Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts on deposit in the Distribution Account (including amounts withdrawn from the Spread Account (at the times and in the amounts specified in Section 4.12)) that are allocated and available on such Distribution Date and that are payable to pay interest on the Class B Certificates C Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.02 are subject to the provisions of Sections 2.06, 9.02, 10.01 6.01 and 12.02 7.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.02 of the Indenture and 8.2 Section 7.01 of this Indenture Supplement.
(e) Except as provided in Section 11.02 of the Indenture with respect to a final distribution, distributions to [200_-_] Noteholders hereunder shall be made by (i) check mailed to each Series [200_-_] Noteholder (at such Noteholder's address as it appears in the Note Register), except that for any Series [200_-_] Notes registered in the name of the nominee of a Clearing Agency [and for the Class C Notes], such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series [200_-_] Note or the making of any notation thereon.
Appears in 3 contracts
Samples: Indenture Supplement (First Bankcard Master Credit Card Trust), Indenture Supplement (First Bankcard Master Credit Card Trust), Indenture Supplement (First Bankcard Master Credit Card Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Scheduled Payment Date and on each Distribution Date with respect to the first Special Payment DateEarly Amortization Period, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, Date commencing with on the Distribution Date on which the Class B Principal Commencement DateA Invested Amount has been paid in full to the Class A Certificateholders, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (National City Credit Card Master Trust), Pooling and Servicing Agreement (National City Credit Card Master Trust), Series Supplement (National City Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent Trustee shall withdraw from the Certificate Account all Available Funds then on deposit and shall distribute such Available Funds (in each case to the extent of the remaining Available Funds) for the following purposes and in the following order of priority:
(i) to pay to the Holders of the [Class [A]] Certificates the [Class [A]] Interest Amount for such Distribution Date and to pay to the Holders of the [Class [B]] Certificates the [Class [B]] Interest Amount for such Distribution Date, without preference or priority one over the other;
(ii) to pay to the Trustee a pro rata portion of the Trustee's annual fee for services;
(iii) to pay to the Holders of the [Class [A]] Certificates the [Class [A]] Principal Distribution Amount for such Distribution Date and to pay to the Holders of the [Class [B]] Certificates the [Class [B]] Principal Distribution Amount for such Distribution Date, without preference or priority one over the other; and
(iv) to pay to the Trustee any unreimbursed expenses incurred by the Trustee but not covered by the Trustee's annual fee.
(b) All distributions made with respect to each Class A Certificateholder on each Distribution Date shall be allocated pro rata among the Outstanding Certificates of such Class based upon their respective Percentage Interests in respect of such Class. Payments to the Certificateholders of each Class on each Distribution Date will be made to the Certificateholders of record on the related Record Date (other than as provided in Section 12.02 7.01 with respect to the final distribution). Distributions to any Certificateholder on any Distribution Date shall be made by wire transfer of immediately available funds, at the expense of the Agreement) Certificateholder requesting such Class A Certificateholder's pro rata share wire transfer by deducting a wire transfer fee from the related transfer, to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder shall have so notified the amounts that are allocated and available on such Distribution Date Trustee in writing at least five Business Days prior to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (and such Certificateholder at a bank or other than as provided entity having appropriate facilities therefor, if such Certificateholder shall have so notified the Trustee in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date writing at least five Business Days prior to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than and such Certificateholder shall hold Certificates with an aggregate Certificate Principal Balance as provided in Section 12.02 of the Agreement) Closing Date of at least $1,000,000 or in such Class B other manner as shall be agreed to by the Trustee and such Certificateholder's pro rata share , or otherwise by check mailed by first class mail to the address of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit appearing in the Principal Funding Account (after payments have been Certificate Register. Final distribution on each Certificate will be made to in like manner, but only upon present and surrender of such Certificate at the Class A Certificateholders as provided in (b) above) Corporate Trust Office or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as other location specified in writing by the Collateral Interest Holder, in immediately available fundsnotice to Certificateholders of such final distribution.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 2 contracts
Samples: Deposit Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Deposit Trust Agreement (Gs Mortgage Securities Corp)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-2 Certificateholders hereunder shall be made by check mailed to each Series 2018-2 Certificateholder at such Series 2018-2 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-2 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2019-3 Certificateholders hereunder shall be made by check mailed to each Series 2019-3 Certificateholder at such Series 2019-3 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2019-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2019-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2023-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2023-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2023-4 Certificateholders hereunder shall be made by check mailed to each Series 2023-4 Certificateholder at such Series 2023-4 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2023-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2023-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-6 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-6 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-6 Certificateholders hereunder shall be made by check mailed to each Series 2018-6 Certificateholder at such Series 2018-6 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-6 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-6 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2022-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2022-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2022-4 Certificateholders hereunder shall be made by check mailed to each Series 2022-4 Certificateholder at such Series 2022-4 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2022-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2022-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-4 Certificateholders hereunder shall be made by check mailed to each Series 2018-4 Certificateholder at such Series 2018-4 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2024-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2024-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2024-3 Certificateholders hereunder shall be made by check mailed to each Series 2024-3 Certificateholder at such Series 2024-3 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2024-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2024-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-3 Certificateholders hereunder shall be made by check mailed to each Series 2018-3 Certificateholder at such Series 2018-3 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderM Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2016-C Noteholders hereunder shall be made by (i) check mailed to each Series 2016-C Noteholder (at such Noteholder's address as it appears in the Note Register), except that for any Series 2016-C Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2016-C Note or the making of any notation thereon.
Appears in 2 contracts
Samples: Indenture Supplement (World Financial Network Credit Card Master Note Trust), Indenture Supplement (World Financial Network Credit Card Master Note Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-5 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-5 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-5 Certificateholders hereunder shall be made by check mailed to each Series 2018-5 Certificateholder at such Series 2018-5 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-5 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-5 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-3 Certificateholders hereunder shall be made by check mailed to each Series 2017-3 Certificateholder at such Series 2017-3 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Payment Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing Payment Date with respect to the first to occur of Early Amortization Period and on the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date Payment Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing Payment Date with respect to the Class B Principal Commencement Early Amortization Period and on the Expected Final Payment Date, the Paying Agent shall distribute distribute, based upon the statement delivered by the Servicer pursuant to Section 7.04(b) hereof, to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B CertificateholderNoteholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date Payment Date to pay principal of the Class B Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 7.03 are subject to the provisions of Sections 2.06, 9.02, 10.01 2.7 and 12.02 Section 4.1 of the Transfer Agreement and Sections 8.1 Section 6.1 of the Servicing Agreement.
(f) Except as provided in Section 13.08 of the Indenture with respect to a final distribution, distributions to Series 2015-2 Noteholders hereunder shall be made by check mailed to each Series 2015-2 Noteholder at such Series 2015-2 Noteholder’s address appearing in the Note Register without presentation or surrender of any Series 2015-2 Note or the making of any notation thereon; provided, however, that with respect to the Class A Notes registered in the name of a clearing agency, such distributions shall be made to such clearing agency in immediately available funds and 8.2 with respect to the Holder of this Supplementany Class B Note if such Holder shall have provided written wire transfer instructions to the Indenture Trustee not less than five Business Days prior to the Payment Date, then the Indenture Trustee shall make distributions to such Holder by wire transfer of immediately available funds.
Appears in 2 contracts
Samples: Indenture Supplements (Barclays Dryrock Issuance Trust), Indenture Supplement (Barclays Dryrock Issuance Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-9 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-9 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-9 Certificateholders hereunder shall be made by check mailed to each Series 2018-9 Certificateholder at such Series 2018-9 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-9 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-9 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to including amounts withdrawn from the Class A Certificateholders as provided Spread Account (at the times and in (bthe amounts specified in Section 4.12)) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(f) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2010-A Noteholders hereunder shall be made by (i) check mailed to each Series 2010-A Noteholder (at such Noteholder’s address as it appears in the Note Register), except that for any Series 2010-A Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2010-A Note or the making of any notation thereon.
Appears in 2 contracts
Samples: Indenture Supplement (WFN Credit Co LLC), Indenture Supplement (WFN Credit Co LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2019-2 Certificateholders hereunder shall be made by check mailed to each Series 2019-2 Certificateholder at such Series 2019-2 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2019-2 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2019-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2023-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2023-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2023-3 Certificateholders hereunder shall be made by check mailed to each Series 2023-3 Certificateholder at such Series 2023-3 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2023-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2023-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-6 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-6 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-6 Certificateholders hereunder shall be made by check mailed to each Series 2017-6 Certificateholder at such Series 2017-6 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-6 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-6 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-7 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-7 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-7 Certificateholders hereunder shall be made by check mailed to each Series 2017-7 Certificateholder at such Series 2017-7 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-7 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-7 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2000-4 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2000-4 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2000-4 Certificateholders hereunder shall be made by check mailed to each Series 2000-4 Certificateholder at such Series 2000-4 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2000-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2000-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Centurion Bank)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-8 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-8 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-8 Certificateholders hereunder shall be made by check mailed to each Series 2018-8 Certificateholder at such Series 2018-8 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-8 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-8 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Payment Date, the Paying Agent Issuer shall distribute pay to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Payment Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Issuer shall distribute pay to each Class A Certificateholder B Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's B Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Payment Date and as are payable to pay principal of the Class A Certificates B Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Payment Date, the Paying Agent Issuer shall distribute pay to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Payment Date and as are payable to pay interest on the Class B Certificates C Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Payment Date, the Paying Agent Issuer shall distribute pay to each Class B Certificateholder D Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's D Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to including amounts withdrawn from the Class A Certificateholders as provided Spread Account (at the times and in (bthe amounts specified in Section 4.11)) above) or that are otherwise allocated and available on such date Payment Date and as are payable to pay principal of the Class B Certificates D Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions payments to be made pursuant to this Section 5.1 4.5 are subject to the provisions of Sections 2.06Section 7.1 of this Indenture Supplement.
(f) All payments to Noteholders hereunder shall be made by (i) check mailed to each Series 2017-2 Noteholder (at such Noteholder’s address as it appears in the Note Register), 9.02, 10.01 and 12.02 except that for any Series 2017-2 Notes registered in the name of the Agreement nominee of a Clearing Agency, such payment shall be made by wire transfer of immediately available funds and Sections 8.1 and 8.2 (ii) except as provided in Section 2.7(b) of this Supplementthe Indenture, without presentation or surrender of any Series 2017-2 Note or the making of any notation thereon.
Appears in 2 contracts
Samples: Indenture Supplement (Synchrony Credit Card Master Note Trust), Indenture Supplement (Synchrony Credit Card Master Note Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2022-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2022-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2022-2 Certificateholders hereunder shall be made by check mailed to each Series 2022-2 Certificateholder at such Series 2022-2 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2022-2 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2022-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-4 Certificateholders hereunder shall be made by check mailed to each Series 2017-4 Certificateholder at such Series 2017-4 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata Table of Contents share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-5 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-5 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-5 Certificateholders hereunder shall be made by check mailed to each Series 2017-5 Certificateholder at such Series 2017-5 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-5 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-5 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2024-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2024-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2024-2 Certificateholders hereunder shall be made by check mailed to each Series 2024-2 Certificateholder at such Series 2024-2 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2024-2 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2024-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-1 Certificateholders hereunder shall be made by check mailed to each Series 2018-1 Certificateholder at such Series 2018-1 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderM Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to including amounts withdrawn from the Class A Certificateholders as provided Spread Account (at the times and in (bthe amounts specified in Section 4.11)) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2016-A Noteholders hereunder shall be made by (i) check mailed to each Series 2016-A Noteholder (at such Noteholder's address as it appears in the Note Register), except that for any Series 2016-A Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2016-A Note or the making of any notation thereon.
Appears in 2 contracts
Samples: Indenture Supplement (World Financial Network Credit Card Master Note Trust), Indenture Supplement (World Financial Network Credit Card Master Note Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2019-4 Certificateholders hereunder shall be made by check mailed to each Series 2019-4 Certificateholder at such Series 2019-4 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2019-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2019-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2022-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2022-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2022-3 Certificateholders hereunder shall be made by check mailed to each Series 2022-3 Certificateholder at such Series 2022-3 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2022-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2022-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2000-3 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2000-3 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2000-3 Certificateholders hereunder shall be made by check mailed to each Series 2000-3 Certificateholder at such Series 2000-3 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2000-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2000-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Centurion Bank)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-8 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-8 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-8 Certificateholders hereunder shall be made by check mailed to each Series 2017-8 Certificateholder at such Series 2017-8 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-8 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-8 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 20[__]-[_] Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 20[__]-[_] Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 20[__]-[_] Certificateholders hereunder shall be made by check mailed to each Series 20[__]-[_] Certificateholder at such Series 20[__]-[_] Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 20[__]-[_] Certificate or the making of any notation thereon; provided, however, that with respect to Series 20[__]-[_] Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 12.2 of the Agreement) such Class A Certificateholder's pro rata share of the amounts on deposit in the Collection Account or otherwise held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Monthly Interest and any Class A Additional Interest pursuant to this Supplementsubsection 4.5(a)(i).
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Scheduled Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 12.2 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement subsections 4.5(e)(i) or 4.5(f)(i) up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 1997-1 Certificateholders' Interest pursuant to Section 10.01 10.1 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 12.2 of the Agreement) such Class B Certificateholder's pro rata share of the amounts on deposit in the Collection Account or otherwise held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplementsubsection 4.5(b)(i).
(d) On each Distribution Date, commencing with the Class B Principal Commencement Scheduled Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 12.2 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement subsections 4.5(e)(i) or 4.5(f)(ii) up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 1997-1 Certificateholders' Interest pursuant to Section 10.01 10.1 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.062.6, 9.029.1, 10.01 10.1 and 12.02 12.2 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
(f) Except as provided in Section 12.2 of the Agreement with respect to a final distribution, distributions to Series 1997-1 Certificateholders hereunder shall be made by check mailed to each Series 1997-1 Certificateholder at such Series 1997-1 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 1997-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 1997-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Credit Card Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Receivables Funding Corp)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-7 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2018-7 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2018-7 Certificateholders hereunder shall be made by check mailed to each Series 2018-7 Certificateholder at such Series 2018-7 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2018-7 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2018-7 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2019-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2019-1 Certificateholders hereunder shall be made by check mailed to each Series 2019-1 Certificateholder at such Series 2019-1 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2019-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2019-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to including amounts withdrawn from the Class A Certificateholders as provided Spread Account (at the times and in (bthe amounts specified in Section 4.12)) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(f) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2011-B Noteholders hereunder shall be made by (i) check mailed to each Series 2011-B Noteholder (at such Noteholder’s address as it appears in the Note Register), except that for any Series 2011-B Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2011-B Note or the making of any notation thereon.
Appears in 2 contracts
Samples: Indenture Supplement (World Financial Network Credit Card Master Trust), Indenture Supplement (World Financial Network Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderM Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2016-B Noteholders hereunder shall be made by (i) check mailed to each Series 2016-B Noteholder (at such Noteholder's address as it appears in the Note Register), except that for any Series 2016-B Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2016-B Note or the making of any notation thereon.
Appears in 2 contracts
Samples: Indenture Supplement (World Financial Network Credit Card Master Note Trust), Indenture Supplement (World Financial Network Credit Card Master Note Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2021-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2021-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2021-1 Certificateholders hereunder shall be made by check mailed to each Series 2021-1 Certificateholder at such Series 2021-1 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2021-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2021-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Determination Date, the Servicer shall deliver to the Trustee and Paying Agent a certificate substantially in the form of Exhibit B prepared by the Servicer. The Trustee shall be under no duty to recalculate, verify or recompute the information on such certificate.
(b) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this SupplementAgreement.
(bc) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first each Special Payment Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(cd) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this SupplementAgreement.
(de) On each Distribution Date, commencing with the Class B Principal Commencement Expected Final Distribution Date and each Special Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up Agreement.
(f) On each Distribution Date, the Paying Agent shall distribute to each Class D Certificateholder of record as of the preceding Record Date (other than as provided in Section 12.2 respecting a maximum amount final distribution) such Class D Certificateholder's pro rata share of the amounts that are available on any such date equal Distribution Date to pay interest on the Class B Investor Amount D Certificates pursuant to this Agreement.
(g) On each Distribution Date, the Paying Agent shall distribute to each Class D Certificateholder of record as of the preceding Record Date (other than as provided in Section 12.2 respecting a final distribution) such Class D Certificateholder's pro rata share of the amounts that are available on such date (unless there has been an optional repurchase to pay principal of the Certificateholders' Interest Class D Certificates pursuant to Section 10.01 of the this Agreement, in which event the foregoing limitation will not apply).
(eh) On each Transfer Date, the Trustee shall distribute Except as provided in Section 12.2 with respect to a final distribution and Section 5.3 with respect to payments to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Indebtedness Holder, distributions to Series 1997-2 Certificateholders hereunder shall be made by check mailed to each such Certificateholder at such Certificateholder's address appearing in the Certificate Register without presentation or surrender of any such Series 1997-2 Certificate or the making of any notation thereon; provided, however, that with respect to such Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 2 contracts
Samples: Master Pooling and Servicing Agreement (Proffitts Credit Card Master Trust), Series Supplement to the Master Pooling and Servicing Agreement (Proffitts Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-1 Certificateholders hereunder shall be made by check mailed to each Series 2017-1 Certificateholder at such Series 2017-1 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Scheduled Payment Date and on each Distribution Date with respect to the first Special Payment DateEarly Amortization Period, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, Date commencing with on the Distribution Date on which the Class B Principal Commencement DateA Invested Amount has been paid in full to the Class A Certificateholders, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section SECTION 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(e) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to the Collateral Interest Holder of record on the related Record Date (other than as provided in SECTION 12.02 of the Agreement) the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5SECTIONS 4.05(e)(iii), 4.7 4.05(f)(iii), 4.07(e), 4.07(j) and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds4.12(e).
(f) The distributions to be made pursuant to this Section 5.1 SECTION 5.01 are subject to the provisions of Sections SECTIONS 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 SECTIONS 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in SECTION 12.02 of the Agreement with respect to a final distribution, distributions to Series 2001-1 Certificateholders hereunder shall be made by check mailed to each Series 2001-1 Certificateholder at such Series 2001-1 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2001-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2001-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to the Collateral Interest Holder shall be made by wire transfer upon the instructions of the Collateral Interest Holder.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (National City Credit Card Master Trust), Pooling and Servicing Agreement (National City Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2017-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2017-2 Certificateholders hereunder shall be made by check mailed to each Series 2017-2 Certificateholder at such Series 2017-2 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2017-2 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2017-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2024-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2024-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2024-1 Certificateholders hereunder shall be made by check mailed to each Series 2024-1 Certificateholder at such Series 2024-1 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2024-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2024-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to including amounts withdrawn from the Class A Certificateholders as provided Spread Account (at the times and in (bthe amounts specified in Section 4.12)) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(f) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2011-A Noteholders hereunder shall be made by (i) check mailed to each Series 2011-A Noteholder (at such Noteholder’s address as it appears in the Note Register), except that for any Series 2011-A Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2011-A Note or the making of any notation thereon.
Appears in 2 contracts
Samples: Indenture Supplement (World Financial Network Credit Card Master Trust), Indenture Supplement (World Financial Network Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2001-5 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2001-5 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2001-5 Certificateholders hereunder shall be made by check mailed to each Series 2001-5 Certificateholder at such Series 2001-5 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2001-5 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2001-5 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2002-B Certificateholders hereunder shall be made by check mailed to each Series 2002-B Certificateholder at such Series 2002-B Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2002-B Certificate or the making of any notation thereon; provided, however, that with respect to Series 2002-B Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Series 2002 B Supplement (Fleet Credit Card Master Trust Ii)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Special Payment Date (on or prior to the Class B Principal Commencement Date, commencing with the first to occur of ) and on the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (or otherwise held by the Paying Agent) and that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2000-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will shall not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with Special Payment Date (on or after the Class B Principal Commencement Date), and on the Class B Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (bPaying Agent) above) or and that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2000-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will shall not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Class A Certificateholders and Class B Certificateholders hereunder shall be made by check mailed to each Class A Certificateholder and Class B Certificate holder at such Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Class A Certificate or Class B Certificate or the making of any notation thereon; provided, however, that with respect to Class A Certificates and Class B Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(g) Distributions to the Collateral Interest Holder shall be made in accordance with the terms of the Collateral Agreement, subject to the terms of, and the amounts allocated and available for such purpose under, the Agreement and this Supplement.
(h) Distributions to the Class D Holder hereunder shall be made to or at the direction of the Seller in its capacity as the Class D Holder.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Providian National Bank /New/)
Distributions. (a) On each Distribution DatePayment Date for the ------------- Series 1996-Q Certificates, the Paying Agent shall distribute to each Class A Certificateholder of record on the related preceding Record Date (other than as provided in Section 12.02 of the AgreementAgreement respecting a final distri- bution) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest (based on the aggregate Undivided Interests represented by related Class A Certificates held by such Class A Certificateholder) of the funds on deposit in the Collection Account payable to such Class A Certificateholders pursuant to this Supplementthe Agreement in respect of interest.
(b) On each Distribution Date, commencing Date with respect to the first to occur of Amortization Period or any Rapid Amortization Period and the Class A Expected Final Termination Payment Date and for the first Special Payment DateSeries 1996-Q Certificates, the Paying Agent shall distribute to each Class A Certificateholder of record on the related preceding Record Date (other than as provided in Section 12.02 of the AgreementAgreement respecting a final distribution) such Class A Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by related Class A Certificates held by such Class A Certificate holder) of the amounts that are funds on deposit in the Principal Funding Collection Account or that are otherwise allocated and available on payable to such date to pay principal of the Class A Certificates Certificateholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase Agreement in respect of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)principal.
(c) Distributions to Class A Certificate holders hereunder shall be made by check mailed to each Class A Certificateholder, except that with respect to Class A Certificates registered in the name of a Clearing Agency, such distribution shall be made in immediately available funds.
(d) On each Distribution DatePayment Date for the Series 1996-Q Certificates, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available Collateral Interest Holder on such Distribution Payment Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are funds on deposit in the Principal Funding Collection Account (after payments have been made payable to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute with respect to the Collateral Interest Holder for application pursuant to the aggregate amount payable terms of the Loan Agreement. Distributions to be made hereunder to or with respect to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to shall be made in immediately available funds at the direction of the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement Supplement (FCC National Bank)
Distributions. (a) On each Determination Date, the Servicer shall deliver to the Trustee and Paying Agent a certificate substantially in the form of Exhibit B prepared by the Servicer. The Trustee shall be under no duty to recalculate, verify or recompute the information on such certificate.
(b) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this SupplementAgreement.
(bc) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first each Special Payment Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(cd) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this SupplementAgreement.
(de) On each Distribution Date, commencing with the Class B Principal Commencement Expected Final Distribution Date and each Special Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on as of the related preceding Record Date (other than as provided in Section 12.02 of the Agreement12.2 respecting a final distribution) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up Agreement.
(f) On each Distribution Date, the Paying Agent shall distribute to each Class D Certificateholder of record as of the preceding Record Date (other than as provided in Section 12.2 respecting a maximum amount final distribution) such Class D Certificateholder's pro rata share of the amounts that are available on any such date equal Distribution Date to pay interest on the Class B Investor Amount D Certificates pursuant to this Agreement.
(g) On each Distribution Date, the Paying Agent shall distribute to each Class D Certificateholder of record as of the preceding Record Date (other than as provided in Section 12.2 respecting a final distribution) such Class D Certificateholder's pro rata share of the amounts that are available on such date (unless there has been an optional repurchase to pay principal of the Certificateholders' Interest Class D Certificates pursuant to Section 10.01 of the this Agreement, in which event the foregoing limitation will not apply).
(eh) On each Transfer Date, the Trustee shall distribute Except as provided in Section 12.2 with respect to a final distribution and Section 5.3 with respect to payments to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Indebtedness Holder, distributions to Series 1998-2 Certificateholders hereunder shall be made by check mailed to each such Certificateholder at such Certificateholder's address appearing in the Certificate Register without presentation or surrender of any such Series 1998-2 Certificate or the making of any notation thereon; provided, however, that with respect to such Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
Appears in 1 contract
Samples: Supplement to the Master Pooling and Servicing Agreement (Saks Inc)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2007-8 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on (in accordance with the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing Certificate delivered by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made Servicer pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.to
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro --- rata share of the amounts that are allocated and available on such Distribution Payment Date ---- to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on --- ---- deposit in the Principal Funding Account (in an amount not to exceed the Class A Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-5 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro --- rata share of the amounts that are allocated and available on such Payment Date ---- to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Special Payment Date, if any, commencing on the first Special Payment Date on which the Class A Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata --- ---- share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to in excess of the Class A Certificateholders as provided Invested Amount (in (b) abovean amount not to exceed the Class B Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-5 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Payment Date, the Trustee Paying Agent shall distribute to the each Collateral Interest Holder of record on the aggregate amount payable to related Record Date (other than as provided in Section 12.02 of the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Agreement) such Collateral Interest Holder's account, as specified in writing by pro rata share of the amounts that are allocated and available on such Payment --- ---- Date to pay interest on the Collateral Interest Holder, in immediately available fundspursuant to this Supplement.
(f) On each Special Payment Date, if any, commencing on the first Special Payment Date on which the Class B Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Collateral Interest Holder of record on the related Record Date such Collateral Interest Holder's pro rata share of the amounts on deposit in the Principal --- ---- Funding Account in excess of the sum of the Class A Invested Amount and the Class B Invested Amount (in an amount not to exceed the Collateral Invested Amount), held by the Paying Agent or otherwise allocated and available on such date to pay principal of the Collateral Interest pursuant to this Supplement up to a maximum amount on any such date equal to the Collateral Invested Amount (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-5 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(g) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(h) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to each Series 2000-5 Certificateholder hereunder shall be made by check mailed to each Series 2000-5 Certificateholder at such Series 2000-5 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2000-5 Certificate or the making of any notation thereon; provided, however, that with respect to the -------- ------- Series 2000-5 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to each Collateral Interest Holder hereunder shall be made (i) by wire transfer in same day funds to an account at a bank or other depository institution located within the United States as shall have been designated by such Collateral Interest Holder by notice in writing on or before the related Payment Date or (ii) in the absence of such designation, by check mailed to each Collateral Interest Holder at the address appearing in the Transfer Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Capital One Master Trust)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (in an amount not to exceed the Class A Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 1999-2 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, if any, commencing with on the first Special Payment Date on which the Class B Principal Commencement A Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to in excess of the Class A Certificateholders as provided Invested Amount (in (b) abovean amount not to exceed the Class B Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 1999-2 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Special Payment Date, if any, commencing on the first Special Payment Date on which the Class B Invested Amount is paid in full and on the Expected Final Payment Date, the Trustee Paying Agent shall distribute to the each Collateral Interest Holder of record on the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the related Record Date such Collateral Interest Holder's accountpro rata share of the amounts on deposit in the Principal Funding Account in excess of the sum of the Class A Invested Amount and the Class B Invested Amount (in an amount not to exceed the Collateral Invested Amount), as specified in writing held by the Paying Agent or otherwise allocated and available on such date to pay principal of the Collateral Interest Holderpursuant to this Supplement up to a maximum amount on any such date equal to the Collateral Invested Amount (unless there has been an optional repurchase of the Series 1999-2 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in immediately available fundswhich event the foregoing limitation will not apply).
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to each Series 1999-2 Certificateholder hereunder shall be made by check mailed to each Series 1999-2 Certificateholder at such Series 1999-2 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 1999-2 Certificate or the making of any notation thereon; provided, however, that with -------- ------- respect to the Series 1999-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to each Collateral Interest Holder hereunder shall be made (i) by wire transfer in same day funds to an account at a bank or other depository institution located within the United States as shall have been designated by such Collateral Interest Holder by notice in writing on or before the related Payment Date or (ii) in the absence of such designation, by check mailed to each Collateral Interest Holder at the address appearing in the Transfer Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Capital One Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's pro rata share Noteholder’s portion (determined in accordance with Article V) of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, if a shortfall in the Trustee amount of Available Finance Charge Collections available for distribution in accordance any payment priority in clauses 5.4(a)(i), (ii) and (xi) exists, the Available Finance Charge Collections for such payment priority shall distribute be allocated (a) ratably to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder each Ownership Group based on its respective Ownership Group Percentage and (b) any Available Finance Charge Collections allocated pursuant to Sections 4.5clause (a) to any Ownership Group in excess of the amount owed to such Ownership Group for the related payment priority shall be reallocated to each Ownership Group that has a remaining shortfall in the Available Finance Charge Collections allocated to it pursuant to clause (a) in order to cover the amount owed to such Ownership Group for the related payment priority, 4.7 and 4.14 to which reallocation shall be made ratably in accordance with the Collateral Interest Holder's account, as specified in writing portion of the Note Principal Balances of all remaining Ownership Groups represented by the Collateral Interest Holder, in immediately available fundsNote Principal Balance of each such remaining Ownership Group.
(f) The distributions to be made pursuant to this Section 5.1 6.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) All payments set forth herein shall be made by wire transfer of immediately available funds, provided that the Paying Agent, not less than five Business Days prior to the Record Date relating to the first distribution to such Series 2009-VFN Noteholder, has been furnished with appropriate wiring instructions in writing.
Appears in 1 contract
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata -------- share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on -------- deposit in the Principal Funding Account (in an amount not to exceed the Class A Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-4 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata -------- share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, if any, commencing with on the first Special Payment Date on which the Class B Principal Commencement A Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata -------- share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to in excess of the Class A Certificateholders as provided Invested Amount (in (b) abovean amount not to exceed the Class B Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-4 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Payment Date, the Trustee Paying Agent shall distribute to the each Collateral Interest Holder of record on the aggregate amount payable to related Record Date (other than as provided in Section 12.02 of the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Agreement) such Collateral Interest Holder's account, as specified in writing by pro rata share of the amounts that are allocated and available on such Payment -------- Date to pay interest on the Collateral Interest Holder, in immediately available fundspursuant to this Supplement.
(f) On each Special Payment Date, if any, commencing on the first Special Payment Date on which the Class B Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Collateral Interest Holder of record on the related Record Date such Collateral Interest Holder's pro rata share of the amounts on deposit in the Principal -------- Funding Account in excess of the sum of the Class A Invested Amount and the Class B Invested Amount (in an amount not to exceed the Collateral Invested Amount), held by the Paying Agent or otherwise allocated and available on such date to pay principal of the Collateral Interest pursuant to this Supplement up to a maximum amount on any such date equal to the Collateral Invested Amount (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-4 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(g) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(h) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to each Series 2002-4 Certificateholder hereunder shall be made by check mailed to each Series 2002-4 Certificateholder at such Series 2002-4 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2002-4 Certificate or the making of any notation thereon; provided, however, that with respect to the -------- ------- Series 2002-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to each Collateral Interest Holder hereunder shall be made (i) by wire transfer in same day funds to an account at a bank or other depository institution located within the United States as shall have been designated by such Collateral Interest Holder by notice in writing on or before the related Payment Date or (ii) in the absence of such designation, by check mailed to each Collateral Interest Holder at the address appearing in the Transfer Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Capital One Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2011-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2011-1 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2011-1 Certificateholders hereunder shall be made by check mailed to each Series 2011-1 Certificateholder at such Series 2011-1 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2011-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2011-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2004-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2004-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2004-1 Certificateholders hereunder shall be made by check mailed to each Series 2004-1 Certificateholder at such Series 2004-1 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2004-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2004-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts [on deposit in the Interest Funding Account or otherwise held by the Paying Agent] that are allocated and available on such Payment Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Special Payment Date [, each Interest Payment Date with Interest pursuant to Section 10.01 of the Agreement, in which respect to the Class A Controlled Amortization Period] and on the Class A Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts [on deposit in the Principal Funding Account or otherwise held by the Paying Agent] that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series [ ] Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts [on deposit in the Interest Funding Account or otherwise held by the Paying Agent] that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing [, each Interest Payment Date with respect to the Class B Principal Commencement Controlled Amortization Period] and on the Class B Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are [on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent] that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series [ ] Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series [ ] Certificateholders hereunder shall be made by check mailed to each Series [ ] Certificateholder at such Series [ ] Certificateholder's address appearing in the Register without presentation or surrender of any Series [ ] Certificate or the making of any notation thereon; PROVIDED, HOWEVER, that with respect to Series [ ] Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ace Securities Corp)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2008-9 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2008-9 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2008-9 Certificateholders hereunder shall be made by check mailed to each Series 2008-9 Certificateholder at such Series 2008-9 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2008-9 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2008-9 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata PRO RATA share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the first Special Payment Date or the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata PRO RATA share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata PRO RATA share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the first to occur of the first Special Payment Date or the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata PRO RATA share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(e) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to the Collateral each Class C Interest Holder of record on the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral related Record Date such Class C Interest Holder's account, as specified in writing by PRO RATA share of the Collateral Interest Holder, in immediately amounts that are allocated and available fundson such Distribution Date to pay interest on the Class C Interests pursuant to this Supplement (including amounts available from any draw on the Spread Account for the purpose of paying such interest).
(f) On each Distribution Date, commencing with the first to occur of the first Special Payment Date or the Class C Expected Final Payment Date, the Paying Agent shall distribute to each Class C Interest Holder of record on the related Record Date such Class C Interest Holder's PRO RATA share of the amounts on deposit in the Principal Funding Account that are allocated and available on such date to pay principal of the Class C Interests pursuant to this Supplement (including amounts available from any draw on the Spread Account for the purpose of paying such principal) up to a maximum amount on any such date equal to the Class C Invested Amount on such date.
(g) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
(h) Except as provided in Section 12.02 of the Agreement with respect to a final distribution in respect of the Class A Certificates or the Class B Certificates, distributions to Series 1996-C Holders hereunder shall be made by check mailed to each Series 1996-C Holder at such Series 1996-C Holder's address appearing in the Certificate Register or the Book-Entry Register, as applicable, without presentation or surrender of any Series 1996-C Certificate or the making of any notation thereon; PROVIDED, HOWEVER, that with respect to Series 1996-C Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds; PROVIDED FURTHER that with respect to the Class C Interests, such distributions shall be made by wire transfer of immediately available funds in accordance with wire instructions provided in writing to the Paying Agent by the record holder of such Class C Interests at least five days prior to the date on which the applicable payment is to be made.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chevy Chase Bank FSB)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account [(including amounts withdrawn from the Spread Account (after payments have been made to at the Class A Certificateholders as provided times and in (b) above) or the amounts specified in Section 4.12)] that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) [On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.]
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 20[_]-[_] Noteholders hereunder shall be made by (i) check mailed to each Series 20[_]-[_] Noteholder (at such Noteholder’s address as it appears in the Note Register), except that for any Series 20[_]-[_] Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 20[_]-[_] Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (World Financial Network Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 12.2 of the Agreement) such Class A Certificateholder's pro rata PRO RATA share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and on each Distribution Date thereafter, and on each Distribution Date with respect to the first Special Payment DateEarly Amortization Period, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 12.2 of the Agreement) such Class A Certificateholder's pro rata PRO RATA share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) date. On each Distribution DateDate on and after the Distribution Date on which the Class A Invested Amount is paid in full, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 12.2 of the Agreement) such Class B Certificateholder's pro rata PRO RATA share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(fc) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.062.6, 9.029.2, 10.01 10.1 and 12.02 12.2 of the Agreement and Sections 8.1 and 8.2 8.2.
(d) Except as provided in Section 12.2 of this Supplementthe Agreement with respect to a final distribution, distributions to Series 1998-1 Certificateholders hereunder shall be made by check mailed to each Series 1998-1 Certificateholder at such Series 1998-1 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 1998-1 Certificate or the making of any notation thereon; PROVIDED, HOWEVER, that with respect to Series 1998-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds; PROVIDED, FURTHER, that the final payment in retirement of the Class A Certificates will be made only upon presentation and surrender of the Class A Certificates at the offices specified in the notice of such final distribution delivered by the Trustee pursuant to Section 12.2 of the Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Dayton Hudson Receivables Corp)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to including amounts withdrawn from the Class A Certificateholders as provided Spread Account (at the times and in (bthe amounts specified in Section 4.11)) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2012-A Noteholders hereunder shall be made by (i) check mailed to each Series 2012-A Noteholder (at such Noteholder’s address as it appears in the Note Register), except that for any Series 2012-A Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2012-A Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (World Financial Network Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2008-6 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2008-6 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2008-6 Certificateholders hereunder shall be made by check mailed to each Series 2008-6 Certificateholder at such Series 2008-6 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2008-6 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2008-6 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderM Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2014-C Noteholders hereunder shall be made by (i) check mailed to each Series 2014-C Noteholder (at such Noteholder's address as it appears in the Note Register), except that for any Series 2014-C Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2014-C Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (World Financial Network Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class B Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest O/C Holder, in immediately available funds, the amounts held by the Paying Agent that are allocated and available on such Distribution Date to reduce the O/C Amount pursuant to this Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.02 are subject to the provisions of Sections 2.06, 9.02, 10.01 6.01 and 12.02 7.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.02 of the Indenture and 8.2 Section 7.01 of this Indenture Supplement.
(g) Except as provided in Section 11.02 of the Indenture with respect to a final distribution, distributions to Series 2000-1 Noteholders hereunder shall be made by (i) check mailed to each Series 2000-1 Noteholder (at such Noteholder's address as it appears in the Note Register), except that with respect to any Series 2000-1 Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds and (ii) without presentation or surrender of any Series 2000-1 Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (Household Credit Card Master Note Trust I)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 and 8.2 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution in respect of the Class A Certificates or the Class B Certificates, distributions to Series [__________] Holders hereunder shall be made by check mailed to each Series [__________] Holder at such Series [__________] Holder's address appearing in the Certificate Register or the Book-Entry Register, as applicable, without presentation or surrender of any Series [__________] Certificate or the making of any notation thereon; provided, however, that with respect to Series [__________] Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (in an amount not to exceed the Class A Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-4 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, if any, commencing with on the first Special Payment Date on which the Class B Principal Commencement A Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to in excess of the Class A Certificateholders as provided Invested Amount (in (b) abovean amount not to exceed the Class B Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-4 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Payment Date, the Trustee Paying Agent shall distribute to the each Collateral Interest Holder of record on the aggregate amount payable to related Record Date (other than as provided in Section 12.02 of the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Agreement) such Collateral Interest Holder's account, as specified in writing by pro rata share of the amounts that are allocated and available on such Payment Date to pay interest on the Collateral Interest Holder, in immediately available fundspursuant to this Supplement.
(f) On each Special Payment Date, if any, commencing on the first Special Payment Date on which the Class B Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Collateral Interest Holder of record on the related Record Date such Collateral Interest Holder's pro rata share of the amounts on deposit in the Principal Funding Account in excess of the sum of the Class A Invested Amount and the Class B Invested Amount (in an amount not to exceed the Collateral Invested Amount), held by the Paying Agent or otherwise allocated and available on such date to pay principal of the Collateral Interest pursuant to this Supplement up to a maximum amount on any such date equal to the Collateral Invested Amount (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-4 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(g) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(h) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to each Series 2000-4 Certificateholder hereunder shall be made by check mailed to each Series 2000-4 Certificateholder at such Series 2000-4 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2000-4 Certificate or the making of any notation thereon; provided, however, that with respect to the Series 2000-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to each Collateral Interest Holder hereunder shall be made (i) by wire transfer in same day funds to an account at a bank or other depository institution located within the United States as shall have been designated by such Collateral Interest Holder by notice in writing on or before the related Payment Date or (ii) in the absence of such designation, by check mailed to each Collateral Interest Holder at the address appearing in the Transfer Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Capital One Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Paying Agent shall distribute to each Class B Noteholder of record on the related Record Date such Class B Noteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay principal of the Class B Principal Commencement Notes pursuant to this Indenture Supplement.
(e) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts held by the Paying Agent (including amounts held by the Paying Agent with respect to amounts withdrawn from the Spread Account (at the times and in the amounts specified in Section 4.11)) that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay interest on the Class C Notes pursuant to this Indenture Supplement.
(f) On each Distribution Date, the Paying Agent shall distribute to each Class C Noteholder of record on the related Record Date such Class C Noteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay principal of the Class B Certificates C Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(fg) The distributions to be made pursuant to this Section 5.1 5.02 are subject to the provisions of Sections 2.06, 9.02, 10.01 6.01 and 12.02 7.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.02 of the Indenture and 8.2 Section 7.01 of this Indenture Supplement.
(h) Except as provided in Section 11.02 of the Indenture with respect to a final distribution, distributions to Series 2000-_ Noteholders hereunder shall be made by (i) check mailed to each Series 2000-_ Noteholder (at such Noteholder's address as it appears in the Note Register), except that with respect to any Series 2000-_ Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds and (ii) without presentation or surrender of any Series 2000-_ Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (Associates Credit Card Receivables Corp)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class B Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest O/C Holder, in immediately available funds, the amounts held by the Paying Agent that are allocated and available on such Distribution Date to reduce the O/C Amount pursuant to this Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.02 are subject to the provisions of Sections 2.06, 9.02, 10.01 6.01 and 12.02 7.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.02 of the Indenture and 8.2 Section 7.01 of this Indenture Supplement.
(g) Except as provided in Section 11.02 of the Indenture with respect to a final distribution, distributions to Series 2003-[ ] Noteholders hereunder shall be made by (i) check mailed to each Series 2003-[ ] Noteholder (at such Noteholder's address as it appears in the Note Register), except that with respect to any Series 2003-[ ] Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds and (ii) without presentation or surrender of any Series 2003-[ ] Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (Household Consumer Loan Corp Ii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Paying Agent shall distribute to each Class B Noteholder of record on the related Record Date such Class B Noteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay principal of the Class B Principal Commencement Notes pursuant to this Indenture Supplement.
(e) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay interest on the Class C Notes pursuant to this Indenture Supplement.
(f) On each Distribution Date, the Paying Agent shall distribute to each Class C Noteholder of record on the related Record Date such Class C Noteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay principal of the Class B Certificates C Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(eg) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest O/C Holder, in immediately available funds, the amounts held by the Paying Agent that are allocated and available on such Distribution Date to reduce the O/C Amount pursuant to this Indenture Supplement.
(fh) The distributions to be made pursuant to this Section 5.1 5.02 are subject to the provisions of Sections 2.06, 9.02, 10.01 6.01 and 12.02 7.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.02 of the Indenture and 8.2 Section 7.01 of this Indenture Supplement.
(i) Except as provided in Section 11.02 of the Indenture with respect to a final distribution, distributions to Series 2002-3 Noteholders hereunder shall be made by (i) check mailed to each Series 2002-3 Noteholder (at such Noteholder's address as it appears in the Note Register), except that with respect to any Series 2002-3 Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds and (ii) without presentation or surrender of any Series 2002-3 Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (Household Private Label Credit Card Master Note Trust I)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2001-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2001-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2001-1 Certificateholders hereunder shall be made by check mailed to each Series 2001-1 Certificateholder at such Series 2001-1 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2001-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2001-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)
Distributions. On each Distribution Date, the Servicer ------------- shall deliver to the Trustee and the Paying Agent a certificate in substantially the form of Exhibit B hereto prepared by the Servicer. ----------
(a) On each Distribution Date, the Paying Agent shall distribute to each Senior Class A Certificateholder of record on the related Record Date Agent (other than as provided in Section 12.02 12.2 of the AgreementAgreement respecting a final distribution) such for the account of the Certificateholders of the related Senior Class A Certificateholder's pro rata share of the amounts that are allocated and available distributable on such Distribution Date to pay interest on the in respect of Carrying Costs for such Senior Class A Certificates pursuant to this Series Supplement.
(b) On each Distribution Date, commencing Date with respect to the first Amortization Period and on each Distribution Date during the Revolving Period on which principal is to occur of the Class A Expected Final Payment Date and the first Special Payment Datebe distributed pursuant to subsection 4.5(a)(i), the Paying Agent shall distribute to each Senior Class A Certificateholder of record on the related Record Date Agent (other than as provided in Section 12.02 12.2 of the AgreementAgreement respecting a final distribution) such for the account of the Certificateholders of the related Senior Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or that are otherwise allocated and available distributable on such date to pay Distribution Date in respect of principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Series Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder holder of record on of a Subordinate Class Certificate as of the related preceding Record Date (other than as provided in Section 12.02 12.2 of the AgreementAgreement respecting a final distribution) such Class B Certificateholderholder's pro rata share of the amounts that are allocated and --- ---- available on such Distribution Date to pay interest be distributed on the Subordinate Class B Certificates pursuant to this Series Supplement.
(d) On each Distribution Date, commencing Date with respect to the Amortization Period on or after the Subordinate Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder holder of record on of a Subordinate Class Certificate as of the related preceding Record Date (other than as provided in Section 12.02 12.2 of the AgreementAgreement respecting a final distribution) such Class B Certificateholderholder's pro rata --- ---- share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay principal of the Subordinate Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Series Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, Except as specified provided in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 12.2 of the Agreement and Sections 8.1 and 8.2 with respect to a final distribution, distributions to any Senior Class Agent or any Series 2001-1 Certificateholder hereunder shall be made by wire transfer of this Supplementimmediately available funds to such Senior Class Agent or such Certificateholder's account so long as the Paying Agent was notified of such account at least five Business Days prior to such Distribution Date, without presentation or surrender of any such Series 2001-1 Certificate or the making of any notation thereon.
Appears in 1 contract
Samples: Series Supplement to Master Pooling and Servicing Agreement (Saks Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2002-5 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2002-5 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2002-5 Certificateholders hereunder shall be made by check mailed to each Series 2002-5 Certificateholder at such Series 2002-5 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2002-5 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2002-5 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2003-3 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2003-3 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement. (Series 2003-3 Supplement) 29
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2003-3 Certificateholders hereunder shall be made by check mailed to each Series 2003-3 Certificateholder at such Series 2003-3 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2003-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2003-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata -------- share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on -------- deposit in the Principal Funding Account (in an amount not to exceed the Class A Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-2 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata -------- share of the amounts that are allocated and available on such Distribution Payment Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, if any, commencing with on the first Special Payment Date on which the Class B Principal Commencement A Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata -------- share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to in excess of the Class A Certificateholders as provided Invested Amount (in (b) abovean amount not to exceed the Class B Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-2 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Payment Date, the Trustee Paying Agent shall distribute to the each Collateral Interest Holder of record on the aggregate amount payable to related Record Date (other than as provided in Section 12.02 of the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Agreement) such Collateral Interest Holder's account, as specified in writing by pro rata share of the amounts that are allocated and available on such Payment -------- Date to pay interest on the Collateral Interest Holder, in immediately available fundspursuant to this Supplement.
(f) On each Special Payment Date, if any, commencing on the first Special Payment Date on which the Class B Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Collateral Interest Holder of record on the related Record Date such Collateral Interest Holder's pro rata share of the amounts on deposit in the Principal -------- Funding Account in excess of the sum of the Class A Invested Amount and the Class B Invested Amount (in an amount not to exceed the Collateral Invested Amount), held by the Paying Agent or otherwise allocated and available on such date to pay principal of the Collateral Interest pursuant to this Supplement up to a maximum amount on any such date equal to the Collateral Invested Amount (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2000-2 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(g) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(h) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to each Series 2000-2 Certificateholder hereunder shall be made by check mailed to each Series 2000-2 Certificateholder at such Series 2000-2 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2000-2 Certificate or the making of any notation thereon; provided, however, that with respect to the -------- ------- Series 2000-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to each Collateral Interest Holder hereunder shall be made (i) by wire transfer in same day funds to an account at a bank or other depository institution located within the United States as shall have been designated by such Collateral Interest Holder by notice in writing on or before the related Payment Date or (ii) in the absence of such designation, by check mailed to each Collateral Interest Holder at the address appearing in the Transfer Agreement.
Appears in 1 contract
Samples: Supplement to Pooling and Servicing Agreement (Capital One Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-2 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2014-2 Certificateholders hereunder shall be made by check mailed to each Series 2014-2 Certificateholder at such Series 2014-2 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2014-2 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2014-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2008-7 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2008-7 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2008-7 Certificateholders hereunder shall be made by check mailed to each Series 2008-7 Certificateholder at such Series 2008-7 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2008-7 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2008-7 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement Supplement (American Express Credit Account Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderM Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder's pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2014-B Noteholders hereunder shall be made by (i) check mailed to each Series 2014-B Noteholder (at such Noteholder's address as it appears in the Note Register), except that for any Series 2014-B Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2014-B Note or the making of any notation thereon.
Appears in 1 contract
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro --- rata share of the amounts that are allocated and available on such Distribution Payment Date ---- to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on -------- deposit in the Principal Funding Account (in an amount not to exceed the Class A Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-2 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro --- rata share of the amounts that are allocated and available on such Payment Date ---- to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Special Payment Date, if any, commencing on the first Special Payment Date on which the Class A Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata -------- share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to in excess of the Class A Certificateholders as provided Invested Amount (in (b) abovean amount not to exceed the Class B Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-2 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) allocated and available on such Payment Date to pay interest on the Collateral Interest pursuant to this Supplement.
(f) On each Transfer Special Payment Date, if any, commencing on the first Special Payment Date on which the Class B Invested Amount is paid in full and on the Expected Final Payment Date, the Trustee Paying Agent shall distribute to the each Collateral Interest Holder of record on the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the related Record Date such Collateral Interest Holder's accountpro rata share of the amounts on deposit in the Principal -------- Funding Account in excess of the sum of the Class A Invested Amount and the Class B Invested Amount (in an amount not to exceed the Collateral Invested Amount), as specified in writing held by the Paying Agent or otherwise allocated and available on such date to pay principal of the Collateral Interest Holderpursuant to this Supplement up to a maximum amount on any such date equal to the Collateral Invested Amount (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-2 pursuant to Section 10.01 of the Agreement, in immediately available fundswhich event the foregoing limitation will not apply).
(fg) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(h) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to each Series 2002-2 Certificateholder hereunder shall be made by check mailed to each Series 2002-2 Certificateholder at such Series 2002-2 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2002-2 Certificate or the making of any notation thereon; provided, however, that with respect to the -------- ------- Series 2002-2 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to each Collateral Interest Holder hereunder shall be made (i) by wire transfer in same day funds to an account at a bank or other depository institution located within the United States as shall have been designated by such Collateral Interest Holder by notice in writing on or before the related Payment Date or (ii) in the absence of such designation, by check mailed to each Collateral Interest Holder at the address appearing in the Transfer Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Capital One Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2002-4 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2002-4 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2002-4 Certificateholders hereunder shall be made by check mailed to each Series 2002-4 Certificateholder at such Series 2002-4 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2002-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2002-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Distributions. (a) On each Distribution Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro --- rata share of the amounts that are allocated and available on such Distribution Payment Date ---- to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on -------- deposit in the Principal Funding Account (in an amount not to exceed the Class A Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-3 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro --- rata share of the amounts that are allocated and available on such Payment Date ---- to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Special Payment Date, if any, commencing on the first Special Payment Date on which the Class A Invested Amount is paid in full and on the Expected Final Payment Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata -------- share of the amounts that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to in excess of the Class A Certificateholders as provided Invested Amount (in (b) abovean amount not to exceed the Class B Invested Amount) or that otherwise held by the Paying Agent and which are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-3 pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) allocated and available on such Payment Date to pay interest on the Collateral Interest pursuant to this Supplement.
(f) On each Transfer Special Payment Date, if any, commencing on the first Special Payment Date on which the Class B Invested Amount is paid in full and on the Expected Final Payment Date, the Trustee Paying Agent shall distribute to the each Collateral Interest Holder of record on the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the related Record Date such Collateral Interest Holder's accountpro rata share of the amounts on deposit in the Principal -------- Funding Account in excess of the sum of the Class A Invested Amount and the Class B Invested Amount (in an amount not to exceed the Collateral Invested Amount), as specified in writing held by the Paying Agent or otherwise allocated and available on such date to pay principal of the Collateral Interest Holderpursuant to this Supplement up to a maximum amount on any such date equal to the Collateral Invested Amount (unless there has been an optional repurchase of the Certificateholders' Interest with respect to Series 2002-3 pursuant to Section 10.01 of the Agreement, in immediately available fundswhich event the foregoing limitation will not apply).
(fg) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(h) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to each Series 2002-3 Certificateholder hereunder shall be made by check mailed to each Series 2002-3 Certificateholder at such Series 2002-3 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2002-3 Certificate or the making of any notation thereon; provided, however, that with respect to the -------- ------- Series 2002-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds. Distributions to each Collateral Interest Holder hereunder shall be made (i) by wire transfer in same day funds to an account at a bank or other depository institution located within the United States as shall have been designated by such Collateral Interest Holder by notice in writing on or before the related Payment Date or (ii) in the absence of such designation, by check mailed to each Collateral Interest Holder at the address appearing in the Transfer Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Capital One Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 2014-A Noteholders hereunder shall be made by (i) check mailed to each Series 2014-A Noteholder (at such Noteholder’s address as it appears in the Note Register), except that for any Series 2014-A Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2014-A Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (World Financial Network Credit Card Master Note Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 1999-5 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 1999-5 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 1999-5 Certificateholders hereunder shall be made by check mailed to each Series 1999-5 Certificateholder at such Series 1999-5 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 1999-5 Certificate or the making of any notation thereon; provided, however, that with respect to Series 1999-5 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class B Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest O/C Holder, in immediately available funds, the amounts held by the Paying Agent that are allocated and available on such Distribution Date to reduce the O/C Amount pursuant to this Indenture Supplement.
(f) The distributions to be made pursuant to this Section 5.1 5.02 are subject to the provisions of Sections 2.06, 9.02, 10.01 6.01 and 12.02 7.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.02 of the Indenture and 8.2 Section 7.01 of this Indenture Supplement.
(g) Except as provided in Section 11.02 of the Indenture with respect to a final distribution, distributions to Series 2003-[*] Noteholders hereunder shall be made by (i) check mailed to each Series 2003-[*] Noteholder (at such Noteholder's address as it appears in the Note Register), except that with respect to any Series 2003-[*] Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds and (ii) without presentation or surrender of any Series 2003-[*] Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (Household Affinity Funding Corp Iii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Paying Agent shall distribute to each Class B Noteholder of record on the related Record Date such Class B Noteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay principal of the Class B Principal Commencement Notes pursuant to this Indenture Supplement.
(e) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.02 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay interest on the Class C Notes pursuant to this Indenture Supplement.
(f) On each Distribution Date, the Paying Agent shall distribute to each Class C Noteholder of record on the related Record Date such Class C Noteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay principal of the Class B Certificates C Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(eg) On each Transfer Distribution Date, the Trustee Paying Agent shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest O/C Holder, in immediately available funds, the amounts held by the Paying Agent that are allocated and available on such Distribution Date to reduce the O/C Amount pursuant to this Indenture Supplement.
(fh) The distributions to be made pursuant to this Section 5.1 5.02 are subject to the provisions of Sections 2.06, 9.02, 10.01 6.01 and 12.02 7.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.02 of the Indenture and 8.2 Section 7.01 of this Indenture Supplement.
(i) Except as provided in Section 11.02 of the Indenture with respect to a final distribution, distributions to Series 2003-1 Noteholders hereunder shall be made by (i) check mailed to each Series 2003-1 Noteholder (at such Noteholder's address as it appears in the Note Register), except that with respect to any Series 2003-1 Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds and (ii) without presentation or surrender of any Series 2003-1 Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (Household Affinity Funding Corp Iii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-3 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2014-3 Certificateholders hereunder shall be made by check mailed to each Series 2014-3 Certificateholder at such Series 2014-3 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2014-3 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2014-3 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-4 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2014-4 Certificateholders hereunder shall be made by check mailed to each Series 2014-4 Certificateholder at such Series 2014-4 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2014-4 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2014-4 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2002-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2002-1 Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(f) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2002-1 Certificateholders hereunder shall be made by check mailed to each Series 2002-1 Certificateholder at such Series 2002-1 Certificateholder's address appearing in the Certificate Register without presentation or surrender of any Series 2002-1 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2002-1 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A CertificateholderNoteholder's pro rata share of ------------ the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates Notes pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A CertificateholderNoteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class A Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderNoteholder's pro rata share of ------------ the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Paying Agent shall distribute to each Class B Noteholder of record on the related Record Date such Class B Noteholder's pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay principal of the Class B Principal Commencement Notes pursuant to this Indenture Supplement.
(e) On each Distribution Date, the Paying Agent shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B CertificateholderC Noteholder's pro rata share of ------------ the amounts held by the Paying Agent (including amounts held by the Paying Agent with respect to amounts withdrawn from the Spread Account (at the times and in the amounts specified in Section 4.11)) that are allocated and available on ------------- such Distribution Date to pay interest on the Class C Notes pursuant to this Indenture Supplement.
(f) On each Distribution Date, the Paying Agent shall distribute to each Class C Noteholder of record on the related Record Date such Class C Noteholder's pro rata share of the amounts held by the Paying Agent that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date Distribution Date to pay principal of the Class B Certificates C Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(fg) The distributions to be made pursuant to this Section 5.1 5.2 are subject ----------- to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing ------------ --- --- Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture ------------ ----------- Supplement.
(h) Except as provided in Section 11.2 of the Indenture with respect to a ------------ final distribution, distributions to Series 2000-A Noteholders hereunder shall be made by (i) check mailed to each Series 2000-A Noteholder (at such Noteholder's address as it appears in the Note Register), except that for any Series 2000-A Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 2000-A Note or the making of any notation thereon.
Appears in 1 contract
Distributions. (a) On each Distribution Date, the Paying Agent Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A Certificateholder of record on the related Record Date A-1 Noteholder (other than as provided in Section 12.02 10.02 of the AgreementIndenture) such Class A Certificateholder's pro rata share of amounts held by the amounts Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this SupplementA-1 Notes.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A Certificateholder A-1 Noteholder of record on the related Record Date (other than as provided in Section 12.02 10.02 of the AgreementIndenture) such Class A Certificateholder's pro rata share of amounts held by the amounts Paying Agent that are on deposit in the Principal Funding Account or that are otherwise allocated and available on such date to pay principal of the Class A Certificates A-1 Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount A-1 Note Principal Balance on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(c) On each Distribution Date, the Paying Agent Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class B Certificateholder A-2 Noteholder (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A-2 Notes.
(d) On each Special Payment Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A-2 Noteholder of record on the related Record Date (other than as provided in Section 12.02 10.02 of the AgreementIndenture) such amounts held by the Paying Agent that are allocated and available on such date to pay principal of the Class A-2 Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A-2 Note Principal Balance on such date.
(e) On each Distribution Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A-3 Noteholder (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A-3 Notes.
(f) On each Special Payment Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A-3 Noteholder of record on the related Record Date (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such date to pay principal of the Class A-3 Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A-3 Note Principal Balance on such date.
(g) On each Distribution Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A-4 Noteholder (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A-4 Notes.
(h) On each Special Payment Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A-4 Noteholder of record on the related Record Date (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such date to pay principal of the Class A-4 Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A-4 Note Principal Balance on such date.
(i) On each Distribution Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A-5 Noteholder (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A-5 Notes.
(j) On each Special Payment Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class A-5 Noteholder of record on the related Record Date (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such date to pay principal of the Class A-5 Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class A-5 Note Principal Balance on such date.
(k) On each Distribution Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to the Agent such amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay Services Fees, Target Proceeds Amounts and Class A Costs.
(l) On each Distribution Date, the Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class B Certificateholder's pro rata share Noteholder of record on the related Record Date (other than as provided in Section 10.02 of the Indenture) such amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates Notes pursuant to this Supplement.
(dm) On each Distribution Date, commencing with the Class B Principal Commencement Special Payment Date, the Paying Agent Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 10.02 of the AgreementIndenture) such Class B Certificateholder's pro rata share of amounts held by the amounts Paying Agent that are on deposit in the Principal Funding Account (after payments have been made to the Class A Certificateholders as provided in (b) above) or that are otherwise allocated and available on such date to pay principal of the Class B Certificates Notes pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount Note Principal Balance on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)date.
(en) On each Transfer Distribution Date, the Trustee Paying Agent, solely in accordance with the Monthly Servicer Statement, shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5each Servicer, 4.7 Backup Servicer, Owner Trustee, Indenture Trustee and 4.14 to the Collateral Interest Holder's account, as specified in writing Seller such amounts held by the Collateral Interest HolderPaying Agent that are allocated and available on such Distribution Date to pay the Servicing Fee, in immediately available fundsthe Backup Servicing Fee, the Program Fees, the Program Expenses and the Marketing Fee, respectively.
(fo) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 Section 8.01 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 5.05 of the Indenture and 8.2 Section 8.01 of this Supplement.
(p) Except as provided in Section 10.02 of the Indenture with respect to a final distribution, distributions to Series 2017-One Noteholders hereunder shall be made by wire transfer of same day funds to the account that has been designated by the applicable Noteholders not less than ten Business Days prior to such Distribution Date.
Appears in 1 contract
Distributions. (a) On each Distribution Payment Date, the Paying Agent Issuer shall distribute pay to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Payment Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Issuer shall distribute pay to each Class A Certificateholder B Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's B Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Payment Date and as are payable to pay principal of the Class A Certificates B Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Payment Date, the Paying Agent Issuer shall distribute pay to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Payment Date and as are payable to pay interest on the Class B Certificates C Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Payment Date, the Paying Agent Issuer shall distribute pay to each Class B Certificateholder D Noteholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's D Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account (after payments have been made to including amounts withdrawn from the Class A Certificateholders as provided Spread Account (at the times and in (bthe amounts specified in Section 4.11)) above) or that are otherwise allocated and available on such date Payment Date and as are payable to pay principal of the Class B Certificates D Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) On each Transfer Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions payments to be made pursuant to this Section 5.1 4.5 are subject to the provisions of Sections 2.06Section 7.1 of this Indenture Supplement.
(f) All payments to Noteholders hereunder shall be made by (i) check mailed to each Series 2015-2 Noteholder (at such Noteholder’s address as it appears in the Note Register), 9.02, 10.01 and 12.02 except that for any Series 2015-2 Notes registered in the name of the Agreement nominee of a Clearing Agency, such payment shall be made by wire transfer of immediately available funds and Sections 8.1 and 8.2 (ii) except as provided in Section 2.7(b) of this Supplementthe Indenture, without presentation or surrender of any Series 2015-2 Note or the making of any notation thereon.
Appears in 1 contract
Distributions. (a) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class A Certificates Noteholders pursuant to this Indenture Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Payment Date and the first Special Payment Date, the Paying Agent Indenture Trustee shall distribute to each Class A Certificateholder M Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class A Certificateholder's M Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account or that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class A Certificates M Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(c) On each Distribution Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to pay interest on the Class B Certificates Noteholders pursuant to this Indenture Supplement.
(d) On each Distribution Date, commencing with the Class B Principal Commencement Date, the Paying Agent Indenture Trustee shall distribute to each Class B Certificateholder C Noteholder of record on the related Record Date (other than as provided in Section 12.02 11.2 of the AgreementIndenture) such Class B Certificateholder's C Noteholder’s pro rata share of the amounts that are on deposit in the Principal Funding Distribution Account [(including amounts withdrawn from the Spread Account (after payments have been made to at the Class A Certificateholders as provided times and in (b) above) or the amounts specified in Section 4.12)] that are otherwise allocated and available on such date Distribution Date and as are payable to pay principal of the Class B Certificates C Noteholders pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Amount on such date (unless there has been an optional repurchase of the Certificateholders' Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply)Indenture Supplement.
(e) [On each Transfer Distribution Date, the Indenture Trustee shall distribute to each Class D Noteholder of record on the Collateral Interest Holder related Record Date (other than as provided in Section 11.2 of the aggregate amount Indenture) such Class D Noteholder’s pro rata share of the amounts on deposit in the Distribution Account that are allocated and available on such Distribution Date and as are payable to the Collateral Interest Holder Class D Noteholders pursuant to Sections 4.5, 4.7 and 4.14 to the Collateral Interest Holder's account, as specified in writing by the Collateral Interest Holder, in immediately available fundsthis Indenture Supplement.]
(f) The distributions to be made pursuant to this Section 5.1 5.2 are subject to the provisions of Sections 2.062.6, 9.02, 10.01 6.1 and 12.02 7.1 of the Agreement Transfer and Sections 8.1 Servicing Agreement, Section 11.2 of the Indenture and 8.2 Section 7.1 of this Indenture Supplement.
(g) Except as provided in Section 11.2 of the Indenture with respect to a final distribution, distributions to Series 201[•]-[•] Noteholders hereunder shall be made by (i) check mailed to each Series 201[•]-[•] Noteholder (at such Noteholder’s address as it appears in the Note Register), except that for any Series 201[•]-[•] Notes registered in the name of the nominee of a Clearing Agency, such distribution shall be made by wire transfer of immediately available funds and (ii) without presentation or surrender of any Series 201[•]-[•] Note or the making of any notation thereon.
Appears in 1 contract
Samples: Indenture Supplement (World Financial Network Credit Card Master Trust)
Distributions. (a) On each Distribution Date, the Paying Agent shall distribute to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Certificates pursuant to this Supplement.
(b) On each Distribution Date, commencing with the first to occur of the Class A Expected Final Special Payment Date and on the first Special Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class A Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class A Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account or otherwise held by the Paying Agent that are otherwise allocated and available on such date to pay principal of the Class A Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class A Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-5 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class B Certificates pursuant to this Supplement.
(d) On each Distribution Special Payment Date, commencing with and on the Class B Principal Commencement Expected Final Payment Date, the Paying Agent shall distribute (in accordance with the Certificate delivered by the Servicer pursuant to Section 3.04(b) of the Agreement) to each Class B Certificateholder of record on the related Record Date (other than as provided in Section 12.02 of the Agreement) such Class B Certificateholder's ’s pro rata share of the amounts that are on deposit in the Principal Funding Account (after payments have been made to or otherwise held by the Class A Certificateholders as provided in (b) above) or Paying Agent that are otherwise allocated and available on such date to pay principal of the Class B Certificates pursuant to this Supplement up to a maximum amount on any such date equal to the Class B Investor Invested Amount on such date (unless there has been an optional repurchase of the Series 2014-5 Certificateholders' ’ Interest pursuant to Section 10.01 of the Agreement, in which event the foregoing limitation will not apply).
(e) On each Transfer Distribution Date, the Trustee shall distribute to the Collateral Interest Holder the aggregate amount payable to the Collateral Interest Holder pursuant to Sections 4.54.05, 4.7 4.07, 4.12, 8.01 and 4.14 8.02 to the Collateral Interest Holder's ’s account, as specified in writing by the Collateral Interest Holder, in immediately available funds.
(f) The distributions to be made pursuant to this Section 5.1 5.01 are subject to the provisions of Sections 2.06, 9.02, 10.01 and 12.02 of the Agreement and Sections 8.1 8.01 and 8.2 8.02 of this Supplement.
(g) Except as provided in Section 12.02 of the Agreement with respect to a final distribution, distributions to Series 2014-5 Certificateholders hereunder shall be made by check mailed to each Series 2014-5 Certificateholder at such Series 2014-5 Certificateholder’s address appearing in the Certificate Register without presentation or surrender of any Series 2014-5 Certificate or the making of any notation thereon; provided, however, that with respect to Series 2014-5 Certificates registered in the name of a Clearing Agency, such distributions shall be made to such Clearing Agency in immediately available funds.
(h) The distributions to be made pursuant to this Section 5.01 are to be made pursuant to the written instructions of the Servicer substantially in the form of Exhibit B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
