Common use of New Issuances of CHASEseries Notes Clause in Contracts

New Issuances of CHASEseries Notes. The Issuing Entity may issue new Tranches of CHASEseries Notes (including additional CHASEseries Notes of an Outstanding Tranche), so long as the following conditions precedent are satisfied: (i) on or before the date that the new issuance is to occur, the Issuing Entity will have delivered to the Indenture Trustee and each Note Rating Agency a Terms Document relating to the applicable Tranche of CHASEseries Notes; (ii) if the issuance of CHASEseries Notes results in an increase in the targeted deposit amount for any Class C Reserve Sub-Account for any Tranche of Class C Notes, on such issuance date the Issuing Entity will have funded such increase with a cash deposit to the Class C Reserve Sub-Account for such Tranche of Class C Notes; (iii) the conditions specified in Section 3.10 of the Indenture and Section 2.03 of this Indenture Supplement, as applicable, are satisfied; and (iv) any other conditions specified in the related Terms Document.

Appears in 4 contracts

Samples: Chase Series Indenture Supplement (Chase Card Funding LLC), Chase Series Indenture Supplement (Chase Issuance Trust), Chase Series Indenture Supplement (Chase Issuance Trust)

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New Issuances of CHASEseries Notes. The Issuing Entity Issuer may issue new Tranches of CHASEseries Notes (including additional CHASEseries Notes of an Outstanding Tranche), so long as the following conditions precedent are satisfied: (i) on or before the date that the new issuance is to occur, the Issuing Entity Issuer will have delivered to the Indenture Trustee and each Note Rating Agency a Terms Document relating to the applicable Tranche of CHASEseries Notes; (ii) if the issuance of CHASEseries Notes results in an increase in the targeted deposit amount for any Class C Reserve Sub-Account for any Tranche of Class C Notes, on such issuance date the Issuing Entity Issuer will have funded such increase with a cash deposit to the Class C Reserve Sub-Account for such Tranche of Class C Notes; (iii) the conditions specified in Section 3.10 of the Indenture and Section 2.03 of this Indenture Supplement, as applicable, are satisfied; and (iv) any other conditions specified in the related Terms Document.

Appears in 1 contract

Samples: Chase Series Indenture Supplement (Chase Manhattan Bank Usa)

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