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: Chaseseries Indenture Supplement (Chase Card Funding LLC), Indenture, Chaseseries 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: Master Indenture (Synchrony Card Issuance Trust), Master Indenture (Synchrony Card Issuance Trust), Master Indenture (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: Indenture (Chase Manhattan Bank Usa)
