Common use of Issuance Proceeds Clause in Contracts

Issuance Proceeds. If any Tranche of CHASEseries Notes remains Outstanding after its Scheduled Principal Payment Date, issuance proceeds received pursuant to the issuance of a new Tranche of CHASEseries Notes will be deposited into the applicable Principal Funding Sub-Account on the date of receipt by the Issuing Entity and applied to pay the Outstanding Dollar Principal Amount of such Tranche of CHASEseries Notes on the next succeeding Principal Payment Date for such Tranche of CHASEseries Notes; provided, that the Servicer may, upon five Business Days’ prior written notice to the Indenture Trustee, specify a special Principal Payment Date and Interest Payment Date which may occur on any Business Day and on which the Outstanding Dollar Principal Amount and all accrued and unpaid interest through such date shall be paid on the Notes.

Issuance Proceeds. If any Tranche of CHASEseries SynchronySeries Notes remains Outstanding after its Scheduled Principal Payment Date, issuance proceeds Issuance Proceeds received pursuant to the issuance of a new Tranche of CHASEseries SynchronySeries Notes will be deposited into the applicable Principal Funding Sub-Account on the date of receipt by the Issuing Entity Issuer and applied to pay the Outstanding Dollar Principal Amount of such Tranche of CHASEseries SynchronySeries Notes on the next succeeding Principal Payment Date for such Tranche of CHASEseries SynchronySeries Notes; provided, that the Servicer may, upon five (5) Business Days’ prior written notice to the Indenture Trustee, specify a special Principal Payment Date and Interest Payment Date which may occur on any Business Day and on which the Outstanding Dollar Principal Amount and all accrued and unpaid interest through such date shall be paid on the Notes.

Issuance Proceeds. If any Tranche of CHASEseries Notes remains Outstanding after its Scheduled Principal Payment Date, issuance proceeds received pursuant to the issuance of a new Tranche of CHASEseries Notes will be deposited into the applicable Principal Funding Sub-Account on the date of receipt by the Issuing Entity Issuer and applied to pay the Outstanding Dollar Principal Amount of such Tranche of CHASEseries Notes on the next succeeding Principal Payment Date for such Tranche of CHASEseries Notes; provided, that the Servicer may, upon five Business Days’ ' prior written notice to the Indenture Trustee, specify a special Principal Payment Date and Interest Payment Date which may occur on any Business Day and on which the Outstanding Dollar Principal Amount and all accrued and unpaid interest through such date shall be paid on the Notes.

Issuance Proceeds. If any Tranche of CHASEseries ONEseries Notes remains Outstanding after its Scheduled Principal Payment Date, issuance proceeds received pursuant to the issuance of a new Tranche of CHASEseries ONEseries Notes will be deposited into the applicable Principal Funding Sub-Account on the date of receipt by the Issuing Entity Issuer and applied to pay the Outstanding Dollar Principal Amount of such Tranche of CHASEseries ONEseries Notes on the next succeeding Principal Payment Date for such Tranche of CHASEseries ONEseries Notes; provided, that the Servicer may, upon five Business Days’ ' prior written notice to the Indenture Trustee, specify a special Principal Payment Date and Interest Payment Date which may occur on any Business Day and on which the Outstanding Dollar Principal Amount and all accrued and unpaid interest through such date shall be paid on the Notes.

Issuance Proceeds. If any Tranche of CHASEseries ONEseries Notes remains Outstanding Outstand ing after its Scheduled Principal Payment Date, issuance proceeds received pursuant to the issuance of a new Tranche of CHASEseries ONEseries Notes will be deposited into the applicable Principal Funding Sub-Account on the date of receipt by the Issuing Entity Issuer and applied to pay the Outstanding Dollar Principal Amount of such Tranche of CHASEseries ONEseries Notes on the next succeeding Principal Payment Date for such Tranche of CHASEseries ONEseries Notes; provided, that the Servicer may, upon five Business Days’ ' prior written notice to the Indenture Trustee, specify a special Principal Payment Date and Interest Payment Date which may occur on any Business Day and on which the Outstanding Dollar Principal Amount and all accrued and unpaid interest through such date shall be paid on the Notes.