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

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 2008-2 Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 2008-2 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 the Series 2008-2 Notes, the deposit targeted with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of the Series 2008-2 Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any applications, payments or deposits on the following Distribution Date).

Appears in 2 contracts

Samples: Indenture (National City Credit Card Master Note Trust), Indenture (National City Credit Card Master Trust)

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Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 2008-2 1 Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 2008-2 1 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 the Series 2008-2 1 Notes, the deposit targeted with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of the Series 2008-2 1 Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any applications, payments or deposits on the following Distribution Date).

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 20082006-2 1 Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 20082006-2 1 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 the Series 20082006-2 1 Notes, the deposit targeted with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of the Series 20082006-2 1 Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any applications, payments or deposits on the following Distribution Date).

Appears in 1 contract

Samples: National City Bank /

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 2008-2 3 Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 2008-2 3 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 the Series 2008-2 3 Notes, the deposit targeted with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of the Series 2008-2 3 Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any applications, payments or deposits on the following Distribution Date).

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

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Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 20082007-2 1 Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 20082007-2 1 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 the Series 20082007-2 1 Notes, the deposit targeted with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of the Series 20082007-2 1 Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any applications, payments or deposits on the following Distribution Date).

Appears in 1 contract

Samples: Indenture (National City Bank /)

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 20082005-2 1 Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 20082005-2 1 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 the Series 20082005-2 1 Notes, the deposit targeted with respect to that Monthly Period and each following Monthly Period is equal to Nominal Liquidation Amount of the Series 20082005-2 1 Notes as of the close of business on the last day of the preceding Monthly Period (after taking into account any applications, payments or deposits on the following Distribution Date).

Appears in 1 contract

Samples: National City Bank /

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