Common use of Investor Certificates Clause in Contracts

Investor Certificates. The Series 1999-1 Termination Date shall be deemed to have occurred on the Repurchase Date as long as such amount was deposited in full into the Distribution Account on such Transfer Date. If the Trustee or the Series 1999-1 Investor Certificateholders give notice directing the Transferor to purchase the Series 1999-1 Investor Certificates as provided above, the obligation of the Transferor to purchase the Series 1999-1 Investor Certificates and to pay the reassignment deposit amount pursuant to this Section 15 shall constitute the sole remedy respecting a breach of the representations and warranties referenced in Section 12(a)(ii) hereof available to the Series 1999-1 Investor Certificateholders or the Trustee on behalf of the Series 1999-1 Investor Certificateholders.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank)

AutoNDA by SimpleDocs

Investor Certificates. The Series 19991998-1 Termination Date shall be deemed to have occurred on the Repurchase Date as long as such amount was deposited in full into the Distribution Account on such Transfer Date. If the Trustee or the Series 19991998-1 Investor Certificateholders give notice directing the Transferor to purchase the Series 19991998-1 Investor Certificates as provided above, the obligation of the Transferor to purchase the Series 19991998-1 Investor Certificates and to pay the reassignment deposit amount pursuant to this Section 15 shall constitute the sole remedy respecting a breach of the representations and warranties referenced in Section 12(a)(ii) hereof available to the Series 1999-1 Investor Certificateholders or the Trustee on behalf of the Series 1999-1 Investor Certificateholders.to

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

AutoNDA by SimpleDocs

Investor Certificates. The Series 19991998-1 Termination Date shall be deemed to have occurred on the Repurchase Date as long as such amount was deposited in full into the Distribution Account on such Transfer Date. If the Trustee or the Series 19991998-1 Investor Certificateholders give notice directing the Transferor to purchase the Series 19991998-1 Investor Certificates as provided above, the obligation of the Transferor to purchase the Series 19991998-1 Investor Certificates and to pay the reassignment deposit amount pursuant to this Section 15 shall constitute the sole remedy respecting a breach of the representations and warranties referenced in Section 12(a)(ii) hereof available to the Series 19991998-1 Investor Certificateholders or the Trustee on behalf of the Series 19991998-1 Investor Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!