Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - ) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - ) Notes in accordance with Sections 3.01 and 3.05
Appears in 3 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2019-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2019-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 3 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC), Indenture Supplement
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2019-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2019-3) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2019-2) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2019-2) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2016-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2016-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2015-4) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2015-4) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2017-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2017-3) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2018-2) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2018-2) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2021-2) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2021-2) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2017-6) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2017-6) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2018-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2018-3) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2017-7) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2017-7) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2017-2) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2017-2) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2023-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2023-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2017-4) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2017-4) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2018-4) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2018-4) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - C(2007-2) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - C(2007-2) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Bank), Indenture Supplement
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2018-5) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2018-5) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class AC( - ) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class AC( - ) Notes in accordance with Sections 3.01 and 3.05
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Execution Note Trust (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2016-4) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2016-4) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2012-6) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2012-6) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2012-5) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2012-5) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - C(2016-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - C(2016-1) Notes in accordance with Sections 3.01 and 3.053.05 of the Indenture Supplement. All payments of interest and principal on the Class C(2016-1) Notes shall be made as set forth in Section 1102 of the Indenture.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2022-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2022-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2013-5) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2013-5) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2014-4) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2014-4) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - ) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - ) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2012-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2012-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2008-4) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2008-4) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2016-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2016-3) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2011-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2011-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Trust Agreement
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2013-4) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2013-4) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2021-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2021-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2013-2) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2013-2) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2017-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2017-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - A(2014-5) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - A(2014-5) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A( - C(2007-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A( - C(2007-1) Notes in accordance with Sections 3.01 and 3.05
Appears in 1 contract
Samples: Indenture Supplement