Common use of Payments of Interest; Payments with Respect to Derivative Agreements for Interest, Accretion on Discount Notes Clause in Contracts

Payments of Interest; Payments with Respect to Derivative Agreements for Interest, Accretion on Discount Notes. If the amount on deposit in the Interest Funding sub- Account for any Tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 4.13, on the Transfer Date immediately preceding the date of such payment, an amount equal to that deficiency will be withdrawn from the Class C Reserve sub-Account for such Tranche and deposited into the Interest Funding sub-Account for such Tranche.

Appears in 2 contracts

Samples: Indenture (WF Card Funding LLC), WF Card Issuance Trust

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Payments of Interest; Payments with Respect to Derivative Agreements for Interest, Accretion on Discount Notes. If the amount on deposit in the Interest Funding sub- sub-Account for any Tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 4.133.13, on the Transfer Date immediately preceding the such payment date of such payment, an amount equal to that deficiency will be withdrawn from the Class C Reserve sub-Account for such Tranche of Class C Notes and deposited into the that Interest Funding sub-Account for such TrancheTranche of Class C Notes.

Appears in 2 contracts

Samples: Series Indenture Supplement (Capital One Master Trust), Series Indenture Supplement (Capital One Master Trust)

Payments of Interest; Payments with Respect to Derivative Agreements for Interest, Accretion on Discount Notes. If the amount on deposit in the Interest Funding sub- sub-Account for any Tranche tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 4.133.13, on the Transfer Date immediately preceding the date of such payment, payment an amount equal to that deficiency will be withdrawn from the Class C Reserve sub-Account for such Tranche tranche and deposited into the that Interest Funding sub-Account for such TrancheAccount.

Appears in 2 contracts

Samples: Baseries Indenture Supplement (BA Master Credit Card Trust II), Baseries Indenture Supplement (BA Credit Card Trust)

Payments of Interest; Payments with Respect to Derivative Agreements for Interest, Accretion on Discount Notes. If the amount on deposit in the Interest Funding sub- sub‑ Account for any Tranche tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 4.133.13, on the Transfer Date immediately preceding the date of such payment, payment an amount equal to that deficiency will be withdrawn from the Class C Reserve sub-Account sub‑Account for such Tranche tranche and deposited into the that Interest Funding sub-Account for such Tranchesub‑Account.

Appears in 1 contract

Samples: Indenture (BA Master Credit Card Trust II)

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Payments of Interest; Payments with Respect to Derivative Agreements for Interest, Accretion on Discount Notes. If the amount on deposit in the Interest Funding sub- Account for any Tranche tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 4.133.13, on the Transfer Date immediately preceding the date of such payment, payment an amount equal to that deficiency will be withdrawn from the Class C Reserve sub-Account for such Tranche tranche and deposited into the that Interest Funding sub-Account for such TrancheAccount.

Appears in 1 contract

Samples: Baseries Indenture Supplement (BA Credit Card Trust)

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