Common use of Event of Default, Early Amortization Event, Other Optional or Mandatory Redemption Clause in Contracts

Event of Default, Early Amortization Event, Other Optional or Mandatory Redemption. If any Tranche of CHASEseries Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Amortization Event with respect to any Tranche of CHASEseries Notes occurs during such Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of any Tranche of CHASEseries Notes, the deposit targeted for that Tranche of CHASEseries Notes with respect to that Monthly Period and each following Monthly Period will be equal to the Nominal Liquidation Amount of that Tranche of CHASEseries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately succeeding Monthly Period).

Appears in 5 contracts

Samples: Chaseseries Indenture Supplement (Chase Card Funding LLC), Indenture, Chaseseries Indenture Supplement (Chase Issuance Trust)

AutoNDA by SimpleDocs

Event of Default, Early Amortization Event, Other Optional or Mandatory Redemption. If any Tranche of CHASEseries SynchronySeries Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Amortization Event with respect to any Tranche of CHASEseries SynchronySeries Notes occurs during such Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of any Tranche of CHASEseries SynchronySeries Notes, the deposit targeted for that such Tranche of CHASEseries SynchronySeries Notes with respect to that Monthly Period and each following Monthly Period will be equal to the Nominal Liquidation Amount of that such Tranche of CHASEseries SynchronySeries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries SynchronySeries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries SynchronySeries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries SynchronySeries Notes as a result of reimbursements thereof pursuant to subsection 3.02(dclause (d) of Section 3.02 to be made on the First Note Transfer Date in the immediately succeeding Monthly Period).

Appears in 3 contracts

Samples: Master Indenture (Synchrony Card Issuance Trust), Master Indenture (Synchrony Card Issuance Trust), Master Indenture (Synchrony Card Issuance Trust)

Event of Default, Early Amortization Event, Other Optional or Mandatory Redemption. If any Tranche of CHASEseries ONEseries Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Amortization Event with respect to any Tranche of CHASEseries ONEseries Notes occurs during such Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of any Tranche of CHASEseries ONEseries Notes, the deposit targeted for that Tranche of CHASEseries ONEseries Notes with respect to that Monthly Period and each following Monthly Period will be equal to the Nominal Liquidation Amount of that Tranche of CHASEseries ONEseries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries ONEseries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries ONEseries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries ONEseries Notes as a result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately succeeding Monthly Period).

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Event of Default, Early Amortization Event, Other Optional or Mandatory Redemption. If any Tranche of CHASEseries WachoviaSeries Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Amortization Event with respect to any Tranche of CHASEseries WachoviaSeries Notes occurs during such Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of any Tranche of CHASEseries WachoviaSeries Notes, the deposit targeted for that Tranche of CHASEseries WachoviaSeries Notes with respect to that Monthly Period and each following Monthly Period will be equal to the Nominal Liquidation Amount of that Tranche of CHASEseries WachoviaSeries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries WachoviaSeries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries WachoviaSeries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries WachoviaSeries Notes as a result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately succeeding Monthly Period).

Appears in 1 contract

Samples: Indenture (Wachovia Card Receivables LLC)

AutoNDA by SimpleDocs

Event of Default, Early Amortization Event, Other Optional or Mandatory Redemption. If any Tranche of CHASEseries ONEseries Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Amortization Event with respect to any Tranche of CHASEseries ONEseries Notes occurs during such Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption redemp tion of any Tranche of CHASEseries ONEseries Notes, the deposit targeted for that Tranche of CHASEseries ONEseries Notes with respect to that Monthly Period and each following Monthly Period will be equal to the Nominal Liquidation Amount of that Tranche of CHASEseries ONEseries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries ONEseries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries ONEseries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries ONEseries Notes as a result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately succeeding Monthly Period).

Appears in 1 contract

Samples: Indenture (Bank One Delaware National Association)

Time is Money Join Law Insider Premium to draft better contracts faster.