Common use of Payment of Series Monthly Servicing Fee Clause in Contracts

Payment of Series Monthly Servicing Fee. An amount equal to the lesser of (A) the sum of the Series Monthly Servicing Fee and all accrued but unpaid Series Monthly Servicing Fees as of the prior Distribution Date and

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Master Trust Variable Funding Certificates (Sears Credit Account Master Trust Ii)

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Payment of Series Monthly Servicing Fee. An amount equal to the lesser of (A) the sum of the Series Monthly Servicing Fee and all accrued but unpaid Series Monthly Servicing Fees as of the prior Distribution Date andand (B) the amount on deposit in respect of the Series Monthly Servicing Fee in the Series Distribution Account on such Distribution Date pursuant to Section 8

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)

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