Legal Maturity. The Series 201[_]-[_] Notes shall be considered to be paid in full, the Holders of such Series 201[_]-[_] Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 201[_]-[_] Notes on the earliest to occur of (i) the date on which the Series 201[_]-[_] Stated Principal Amount, and all Monthly Interest on such Series 201[_]-[_] 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 201[_]-[__]-[__] Notes shall be considered to be paid in full, the Holders of such Series 201[_]-[__]-[__] Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 201[_]-[__]-[__] Notes on the earliest to occur of (i) the date on which the Outstanding Dollar Principal Amount with respect to Series 201[_]-[_] Stated Principal Amount_]-[__], and all Monthly Interest on such Series 201[_]-[__]-[__] 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 7.08 of the Indenture and Section 4.14, 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 datein connection therewith.
Section 7.01 Form of Delivery for the Series [__]-[__] Notes;
Appears in 1 contract
Samples: Indenture Supplement (Barclays Dryrock Funding LLC)
Legal Maturity. The Series 201[_]-20[_]-[_] Notes shall be considered to be paid in full, the Holders of such Series 201[_]-20[_]-[_] Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 201[_]-20[_]-[_] Notes on the earliest to occur of (i) the date on which the Series 201[_]-20[_]-[_] Stated Principal Amount, and all Monthly Interest on such Series 201[_]-20[_]-[_] 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 201[_]-[__]-[__] Notes shall be considered to be paid in full, the Holders of such Series 201[_]-[__]-[__] Notes shall have no further right or claim, and the Issuer shall have no further obligation or liability with respect to such Series 201[_]-[__]-[__] Notes on the earliest to occur of (i) the date on which the Outstanding Dollar Principal Amount with respect to Series 201[_]-[_] Stated Principal Amount_]-[__], and all Monthly Interest on such Series 201[_]-[__]-[__] 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 7.08 of the Indenture and Section 4.14, 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 datein connection therewith.
Appears in 1 contract
Samples: Indenture Supplement (Barclays Dryrock Funding LLC)