Common use of Investor Exchange Clause in Contracts

Investor Exchange. Pursuant to subsection ------------------------------- 6.9(b) of the Agreement, the Series 1999-1 Investor Certificateholders may tender their Series 1999-1 Investor Certificates, and the Holders of the Exchangeable Seller Certificate may tender the Exchangeable Seller Certificate, in exchange for (i) one or more newly issued Series of Series 1999-1 Investor Certificates and (ii) a reissued Exchangeable Seller Certificate in accordance with the terms and conditions contained in a notice of exchange delivered to the Series 1999-1 Investor Certificateholders. Such notice of exchange will specify, among other things: (a) the amount of Series 1999-1 Investor Certificates that may be tendered, (b) the Certificate Rate with respect to the new Series, (c) the term of the Series, (d) the method of computing the investor percentage, (e) the manner of Enhancement, if any, with respect to the Series and (f) the time and the manner in which -70- the tender and cancellation of the Series 1999-1 Investor Certificates and the issuance of the new Series of Certificates will be effectuated. Upon satisfaction of the conditions contained in subsections 6.9(b) and 6.9(c) of the Agreement, and the receipt by the Trustee of the Exchange Notice and the related Supplement, the Trustee shall cancel the existing Exchangeable Seller Certificate and the applicable Series 1999-1 Investor Certificates, and shall issue such Series of Series 1999-1 Investor Certificates and a new Exchangeable Seller Certificate, each dated the Exchange Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank)

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Investor Exchange. Pursuant to subsection ------------------------------- 6.9(b) of the Agreement, the Series 1999-1 Investor Certificateholders may tender their Series 1999-1 Investor Certificates, and the Holders of the Exchangeable Seller Certificate may tender the Exchangeable Seller Certificate, in exchange for (i) one or more newly issued Series of Series 1999-1 Investor Certificates and (ii) a reissued Exchangeable Seller Certificate in accordance with the terms and conditions contained in a notice of exchange delivered to the Series 1999-1 Investor Certificateholders. Such notice of exchange will specify, among other things: (a) the amount of Series 1999-1 Investor Certificates that may be tendered, (b) the Certificate Rate with respect to the new Series, (c) the term of the Series, (d) the method of computing the investor percentage, (e) the manner of Enhancement, if any, with respect to the Series and (f) the time and the manner in which -70- the tender and cancellation of the Series 1999-1 Investor Certificates and the issuance of the new Series of Certificates will be effectuated. Upon satisfaction of the conditions contained in subsections 6.9(b) and 6.9(c) of the Agreement, and the receipt by the Trustee of the Exchange Notice and the related Supplement, the Trustee shall cancel the existing Exchangeable Seller Certificate and the applicable Series 1999-1 Investor Certificates, and shall issue such Series of Series 1999-1 Investor Certificates and a new Exchangeable Seller Certificate, each dated the Exchange Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank)

Investor Exchange. Pursuant to subsection ------------------------------- 6.9(b) of the Agreement, the Series 19991997-1 Investor Certificateholders may tender their Series 19991997-1 Investor Certificates, and the Holders of the Exchangeable Seller Certificate may tender the Exchangeable Seller Certificate, in exchange for (i) one or more newly issued Series of Series 19991997-1 Investor Certificates and (ii) a reissued Exchangeable Seller Certificate in accordance with the terms and conditions contained in a notice of exchange delivered to the Series 19991997-1 Investor Certificateholders. Such notice of exchange will specify, among other things: (a) the amount of Series 19991997-1 Investor Certificates that may be tendered, (b) the Certificate Rate with respect to the new Series, (c) the term of the Series, (d) the method of computing the investor percentage, (e) the manner of Enhancement, if any, with respect to the Series and (f) the time and the manner in which -70- of the tender and cancellation of the Series 19991997-1 Investor Certificates and the issuance of the new Series of Certificates will be effectuated. Upon satisfaction of the conditions contained in subsections 6.9(b) and 6.9(c) of the Agreement, and the receipt by the Trustee of the Exchange Notice and the related Supplement, the Trustee shall cancel the existing Exchangeable Seller Certificate and the applicable Series 19991997-1 Investor Certificates, and shall issue such Series of Series 19991997-1 Investor Certificates and a new Exchangeable Seller CertificateCertificates, each dated the Exchange Date.

Appears in 1 contract

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

Investor Exchange. Pursuant to subsection ------------------------------- 6.9(b) of the Agreement, the Series 19991998-1 Investor Certificateholders may tender their Series 19991998-1 Investor Certificates, and the Holders of the Exchangeable Seller Certificate may tender the Exchangeable Seller Certificate, in exchange for (i) one or more newly issued Series of Series 19991998-1 Investor Certificates and (ii) a reissued Exchangeable Seller Certificate in accordance with the terms and conditions contained in a notice of exchange delivered to the Series 19991998-1 Investor Certificateholders. Such notice of exchange will specify, among other things: (a) the amount of Series 19991998-1 Investor Certificates that may be tendered, (b) the Certificate Rate with respect to the new Series, (c) the term of the Series, (d) the method of computing the investor percentage, (e) the manner of Enhancement, if any, with respect to the Series and (f) the time and the manner in which -70- the tender and cancellation of the Series 19991998-1 Investor Certificates and the issuance of the new Series of Certificates will be effectuated. Upon satisfaction of the conditions contained in subsections 6.9(b) and 6.9(c) of the Agreement, and the receipt by the Trustee of the Exchange Notice and the related Supplement, the Trustee shall cancel the existing Exchangeable Seller Certificate and the applicable Series 19991998-1 Investor Certificates, and shall issue such Series of Series 19991998-1 Investor Certificates and a new Exchangeable Seller Certificate, each dated the Exchange Date.

Appears in 1 contract

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

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Investor Exchange. Pursuant to subsection ------------------------------- 6.9(b) of the Agreement, the Series 19991997-1 2 Investor Certificateholders may tender their Series 19991997-1 2 Investor Certificates, and the Holders of the Exchangeable Seller Certificate may tender the Exchangeable Seller Certificate, in exchange for (i) one or more newly issued Series of Series 19991997-1 2 Investor Certificates and (ii) a reissued Exchangeable Seller Certificate in accordance with the terms and conditions contained in a notice of exchange delivered to the Series 19991997-1 2 Investor Certificateholders. Such notice of exchange will specify, among other things: (a) the amount of Series 19991997-1 2 Investor Certificates that may be tendered, (b) the Certificate Rate with respect to the new Series, (c) the term of the Series, (d) the method of computing the investor percentage, (e) the manner of Enhancement, if any, with respect to the Series and (f) the time and the manner in which -70- of the tender and cancellation of the Series 19991997-1 2 Investor Certificates and the issuance of the new Series of Certificates will be effectuated. Upon satisfaction of the conditions contained in subsections 6.9(b) and 6.9(c) of the Agreement, and the receipt by the Trustee of the Exchange Notice and the related Supplement, the Trustee shall cancel the existing Exchangeable Seller Certificate and the applicable Series 19991997-1 2 Investor Certificates, and shall issue such Series of Series 19991997-1 2 Investor Certificates and a new Exchangeable Seller Certificate, each dated the Exchange Date.

Appears in 1 contract

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

Investor Exchange. Pursuant to subsection ------------------------------- 6.9(b) of the Agreement, the Series 19991998-1 Investor Certificateholders may tender their Series 19991998-1 Investor Certificates, and the Holders of the Exchangeable Seller Certificate may tender the Exchangeable Seller Certificate, in exchange for (i) one or more newly issued Series of Series 19991998-1 Investor Certificates and (ii) a reissued Exchangeable Seller Certificate in accordance with the terms and conditions contained in a notice of exchange delivered to the Series 19991998-1 Investor Certificateholders. Such notice of exchange will specify, among other things: (a) the amount of Series 19991998-1 Investor Certificates that may be tendered, (b) the Certificate Rate with respect to the new Series, (c) the term of the Series, (d) the method of computing the investor percentage, (e) the manner of Enhancement, if any, with respect to the Series and (f) the time and the manner in which -70- of the tender and cancellation of the Series 19991998-1 Investor Certificates and the issuance of the new Series of Certificates will be effectuated. Upon satisfaction of the conditions contained in subsections 6.9(b) and 6.9(c) of the Agreement, and the receipt by the Trustee of the Exchange Notice and the related Supplement, the Trustee shall cancel the existing Exchangeable Seller Certificate and the applicable Series 19991998-1 Investor Certificates, and shall issue such Series of Series 19991998-1 Investor Certificates and a new Exchangeable Seller Certificate, each dated the Exchange Date.

Appears in 1 contract

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

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