Common use of Increases in the Invested Amount of an Existing Collateral Certificate Clause in Contracts

Increases in the Invested Amount of an Existing Collateral Certificate. (a) The Invested Amount of any Collateral Certificate previously conveyed to the Trust and designated for inclusion in Asset Pool One may be increased by the Transferor on any Business Day in connection with: (i) the issuance of an additional Series, Class or Tranche of Notes secured by Asset Pool One; or (ii) the increase of the Transferor Amount. (b) In connection with any increase in the Invested Amount of a Collateral Certificate previously conveyed to the Trust, such increase shall either be funded from the proceeds of the issuance of an additional Series, Class or Tranche of Notes or funded by the Transferor (which funding may be in cash or through an increase in the Transferor Interest). (c) Notwithstanding any other provision of this Agreement, with respect to any Monthly Period, the Invested Amount of a Collateral Certificate previously conveyed to the Trust shall not be increased, including increases pursuant to this Section 2.11, if (i) an Early Amortization Event shall have occurred with respect to any Notes as a result of a failure to add Collateral to the Trust for inclusion in Asset Pool One or a failure to increase the Invested Amount of a Collateral Certificate previously conveyed to the Trust at a time when the Pool Balance for the prior Monthly Period is less than the Minimum Pool Balance for such prior Monthly Period and (ii) increasing the Invested Amount of or reinvesting in a Collateral Certificate previously conveyed to the Trust would result in a reduction in the allocation percentage applicable for principal collections for such Collateral Certificate.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Jpmorgan Chase Bank, National Association), Transfer and Servicing Agreement (Chase Card Funding LLC), Transfer and Servicing Agreement (Chase Issuance Trust)

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Increases in the Invested Amount of an Existing Collateral Certificate. (a) The Invested Amount of any Collateral Certificate previously conveyed to the Trust and designated for inclusion in an Asset Pool One may be increased by the applicable Transferor on any Business Day in connection with: (i) the issuance of an additional Series, Class or Tranche of Notes secured by such Asset Pool OnePool; or (ii) the increase of the Transferor AmountAmount for such Asset Pool. (b) In connection with any increase in the Invested Amount of a Collateral Certificate previously conveyed to the Trust, such increase shall either be funded from the proceeds of the issuance of an additional Series, Class or Tranche of Notes or funded by the applicable Transferor (which funding may be in cash or through an increase in the Transferor InterestInterest for such Asset Pool). (c) Notwithstanding any other provision of this Agreement, with respect to any Monthly Period, the Invested Amount of a Collateral Certificate previously conveyed to the Trust shall not be increased, including increases pursuant to this Section 2.11, if (i) an Early Amortization Event shall have occurred with respect to any Notes as a result of a failure to add Collateral to the Trust for inclusion in a specified Asset Pool One or a failure to increase the Invested Amount of a Collateral Certificate previously conveyed to the Trust at a time when the Pool Balance for such Asset Pool for the prior Monthly Period is less than the Minimum Pool Balance for such Asset Pool for such prior Monthly Period and (ii) increasing the Invested Amount of or reinvesting in a Collateral Certificate previously conveyed to the Trust would result in a reduction in the allocation percentage applicable for principal collections for such Collateral Certificate.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust), Transfer and Servicing Agreement (First Usa Credit Card Master Trust)

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