Interchange. On or prior to each Determination Date, the Transferor shall notify the Servicer of the amount of Interchange to be included as Collections of Finance Charge Receivables with respect to the preceding Monthly Period, which shall be equal to the amount of Interchange paid to the Transferor pursuant to the Receivables Purchase Agreements with respect to such Monthly Period.
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Samples: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust)
Interchange. On or prior to before each Determination Date, the Transferor shall notify the Servicer of the amount of Interchange to be included as Collections of Finance Charge Receivables Collections with respect to the preceding Monthly Period, which shall be equal to the amount of Interchange paid to the Transferor or its designee pursuant to the Receivables Purchase Agreements Agreement with respect to such Monthly Period. On or before each Transfer Date, the Transferor or its designee shall pay the Servicer the amount of Interchange to be included as Finance Charge Collections allocable to the Investor Securities with respect to the preceding Monthly Period.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Metris Master Trust), Pooling and Servicing Agreement (Metris Master Trust)
Interchange. On With respect to any Distribution Date, on or prior to each the immediately preceding Determination Date, the Transferor Servicer shall notify the Servicer Transferor of the amount of Interchange (if any) required to be included as Collections of Finance Charge Receivables with respect to the preceding such Monthly Period, which amount shall be equal to the amount of Interchange paid transferred to the Transferor pursuant to the Receivables Purchase Agreements with respect to such Monthly Period.
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