Common use of Optional Accumulation Period Commencement Clause in Contracts

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover Bank, on behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth in this Section 24; provided, however, that the Accumulation Period shall commence no later than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover BankGreenwood, on behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth in this Section 2425; provided, however, that the Accumulation Period shall commence no later than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover BankGreenwood, on behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth in this Section 24; provided, however, that the Accumulation Period shall commence no later than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover BankGreenwood, on 66 81 behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth in this Section 2425; provided, however, that the Accumulation Period shall commence no later than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early 62 Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover Bank, on behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth in this Section 24; provided, however, that the Accumulation Period shall commence no later than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover Bank, on behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth 61 in this Section 24; provided, however, that the Accumulation Period shall commence no later than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover Bank, on behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth in this Section 24; provided, however, that the Accumulation Period shall commence no later than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.. 57

Optional Accumulation Period Commencement. If the Series Term Sheet for the Series established hereby so provides, unless the Amortization Period or the Early Accumulation Period shall have commenced prior thereto, the Master Servicer may elect to commence the Accumulation Period by delivering written notice to the Trustee, Discover BankGreenwood, on behalf of the Holder of the Seller Certificate and the Credit Enhancement Provider at least 5 Business Days prior to the Accumulation Commencement Date subject to the conditions set forth in this Section 24; provided, however, that the Accumulation Period shall commence no later 53 64 than the first day of the following Due Period. Such written notice shall set forth the Accumulation Amount for each Distribution Date relating to the Accumulation Period.