Common use of Legal Maturity Clause in Contracts

Legal Maturity. The Series 2007-2 Notes shall be considered to be paid in full, the Holders of such Series 2007-2 Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 2007-2 Notes on the earliest to occur of (i) the date on which the Series 2007-2 Stated Principal Amount, and all Monthly Interest on such Series 2007-2 Notes, is paid in full, (ii) the date on which Collateral is sold and the proceeds in respect thereof applied in accordance with Section 4.16 and (iii) the seventh Business Day following the Legal Maturity Date, in each case after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust)

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Legal Maturity. The Series 20072013-2 1 Notes shall be considered to be paid in full, the Holders of such Series 20072013-2 1 Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 20072013-2 1 Notes on the earliest to occur of (i) the date on which the Series 20072013-2 1 Stated Principal Amount, and all Monthly Interest on such Series 20072013-2 1 Notes, is paid in full, (ii) the date on which Collateral is sold and the proceeds in respect thereof applied in accordance with Section 4.16 and (iii) the seventh Business Day following the Legal Maturity Date, in each case after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date.

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing Corp VIII LLC)

Legal Maturity. The Series 20072013-2 Notes shall be considered to be paid in full, the Holders of such Series 20072013-2 Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 20072013-2 Notes on the earliest to occur of (i) the date on which the Series 20072013-2 Stated Principal Amount, and all Monthly Interest on such Series 20072013-2 Notes, is paid in full, (ii) the date on which Collateral is sold and the proceeds in respect thereof applied in accordance with Section 4.16 and (iii) the seventh Business Day following the Legal Maturity Date, in each case after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust II)

Legal Maturity. The Series 20072008-2 1 Notes shall be considered to be paid in full, the Holders of such Series 20072008-2 1 Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 20072008-2 1 Notes on the earliest to occur of (i) the date on which the Series 20072008-2 1 Stated Principal Amount, and all Monthly Interest on such Series 20072008-2 1 Notes, is paid in full, (ii) the date on which Collateral is sold and the proceeds in respect thereof applied in accordance with Section 4.16 and (iii) the seventh Business Day following the Legal Maturity Date, in each case after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date.

Appears in 1 contract

Samples: Indenture Supplement (American Express Receivables Financing CORP v LLC)

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Legal Maturity. The Series 2007-2 1 Notes shall be considered to be paid in full, the Holders of such Series 2007-2 1 Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 2007-2 1 Notes on the earliest to occur of (i) the date on which the Series 2007-2 1 Stated Principal Amount, and all Monthly Interest on such Series 2007-2 1 Notes, is paid in full, (ii) the date on which Collateral is sold and the proceeds in respect thereof applied in accordance with Section 4.16 and (iii) the seventh Business Day following the Legal Maturity Date, in each case after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust)

Legal Maturity. The Series 20072008-2 Notes shall be considered to be paid in full, the Holders of such Series 20072008-2 Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 20072008-2 Notes on the earliest to occur of (i) the date on which the Series 20072008-2 Stated Principal Amount, and all Monthly Interest on such Series 20072008-2 Notes, is paid in full, (ii) the date on which Collateral is sold and the proceeds in respect thereof applied in accordance with Section 4.16 and (iii) the seventh Business Day following the Legal Maturity Date, in each case after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date.

Appears in 1 contract

Samples: Indenture Supplement (American Express Issuance Trust)

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