Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If any tranche of Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to any tranche of 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 Notes, the deposit targeted for that tranche of Notes with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of that tranche of Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any reallocations, payments or deposits on the following Transfer Date).
Appears in 5 contracts
Samples: Baseries Indenture Supplement (BA Credit Card Trust), Indenture Supplement (BA Master Credit Card Trust II), Indenture Supplement (BA Master Credit Card Trust II)
Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If any tranche Tranche of Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to any tranche Tranche of 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 Tranche of Notes, the deposit targeted for that tranche Tranche of Notes with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of that tranche Tranche of Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any reallocations, payments or deposits occurring on the following Transfer Distribution Date).
Appears in 3 contracts
Samples: Card Series Indenture Supplement (Capital One Master Trust), Card Series Indenture Supplement (Capital One Master Trust), Card Series Indenture Supplement (Capital One Master Trust)
Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If any tranche Tranche of Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to any tranche Tranche of 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 Tranche of Notes, the deposit targeted for that tranche Tranche of Notes with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of that tranche Tranche of Notes as of the close of business on the last day of the preceding Monthly Period (after taking 40 into account any reallocations, payments or deposits occurring on the following Transfer Distribution Date).
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