Netting of Deposits and Payments. The Servicer, on behalf of the Issuing Entity, may, in its sole discretion, make all deposits to Interest Funding Sub-Accounts and Principal Funding Sub-Accounts pursuant to Sections 3.03 and 3.12 with respect to any Monthly Period net of, and after giving effect to, (a) all reallocations to be made pursuant to Section 3.09 and (b) all payments to be made to Derivative Counterparties pursuant to Sections 3.15 and 3.16.
Appears in 5 contracts
Samples: Chase Series Indenture Supplement (Chase Card Funding LLC), Chase Series Indenture Supplement (Chase Issuance Trust), Chase Series Indenture Supplement (Chase Issuance Trust)
Netting of Deposits and Payments. The Servicer, on behalf of the Issuing EntityIssuer, may, in its sole discretion, make all deposits to Interest Funding Sub-Accounts and Principal Funding Sub-Accounts pursuant to Sections 3.03 and 3.12 with respect to any Monthly Period net of, and after giving effect to, (a) all reallocations to be made pursuant to Section 3.09 and (b) all payments to be made to Derivative Counterparties pursuant to Sections 3.15 3.14 and 3.163.15.
Appears in 3 contracts
Samples: Indenture Supplement (Synchrony Card Issuance Trust), Indenture Supplement (Synchrony Card Issuance Trust), Indenture Supplement (Synchrony Card Issuance Trust)
Netting of Deposits and Payments. The Servicer, on behalf of the Issuing EntityIssuer, may, in its sole discretion, make all deposits to Interest Funding Sub-Accounts and Principal Funding Sub-Accounts pursuant to Sections 3.03 and 3.12 with respect to any Monthly Period net of, and after giving effect to, (a) all reallocations to be made pursuant to Section 3.09 and (b) all payments to be made to Derivative Counterparties pursuant to Sections 3.15 and 3.16.
Appears in 1 contract
Samples: Chase Series Indenture Supplement (Chase Manhattan Bank Usa)
