Optional Deposit. Pursuant to the terms of and subject to the ---------------- limitation contained in the Loan Agreement, the Seller, at its option, may at any time prior to the commencement of the Rapid Amortization Period elect to cause one or more additional deposits to be made into the Cash Collateral Account (each, an "Optional Deposit"). The Seller may cause any such deposit to be made on a Distribution Date after forwarding notice of such deposit (including the amount thereof) to the Trustee in accordance with Section 3.04 relating to the furnishing of monthly reports to the Trustee. Any such deposit shall be deemed to be available in the Cash Collateral Account for purposes of calculating any Enhancement Surplus for such related Distribution Date, but shall not be included in the Available Cash Collateral Amount for such Distribution Date, but shall be included in the Available Cash Collateral Amount for the subsequent Distribution Date.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (FCC National Bank), Pooling and Servicing Agreement (FCC National Bank), Pooling and Servicing Agreement (FCC National Bank)
Optional Deposit. Pursuant to the terms of and subject to ---------------- the ---------------- limitation contained in the Loan Agreement, the Seller, at its option, may at any time prior to the commencement of the Rapid Amortization Period elect to cause one or more additional deposits to be made into the Cash Collateral Account (each, an "Optional Deposit"). The Seller may cause any such deposit to be made on a Distribution Distribu- tion Date after forwarding notice of such deposit (including the amount thereof) to the Trustee in accordance with Section 3.04 relating to the furnishing of monthly reports to the Trustee. Any such deposit shall be deemed to be available in the Cash Collateral Account for purposes of calculating any Enhancement Surplus for such related Distribution Date, but shall not be included in the Available Cash Collateral Amount for such Distribution Date, but shall be included in the Available Cash Collateral Amount for the subsequent Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Chicago Master Trust Ii), Pooling and Servicing Agreement (First Chicago Master Trust Ii)
Optional Deposit. Pursuant to the terms of and subject to ---------------- the ---------------- limitation contained in the Loan Agreement, the Seller, at its option, may at any time prior to the commencement of the Rapid Amortization Period elect to cause one or more additional deposits to be made into the Cash Collateral Account (each, an "Optional Deposit"). The Seller may cause any such deposit to be made on a Distribution Date after forwarding notice of such deposit (including the amount thereof) to the Trustee in accordance with Section 3.04 relating to the furnishing of monthly reports to the Trustee. Any such deposit shall be deemed to be available in the Cash Collateral Account for purposes of calculating any Enhancement Surplus for such related Distribution Date, but shall not be included in the Available Cash Collateral Amount for such Distribution Date, but shall be included in the Available Cash Collateral Amount for the subsequent Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (FCC National Bank)