Payments to the Investor Certificateholders. On each Distribution Date, after giving effect to deposits and allocations made pursuant to Section 8, the Servicer shall direct the Trustee to make the following additional deposits and withdrawals and to cause the Paying Agent to pay funds from the applicable Investor Account to or for the benefit of each Class of Investor Certificateholders as set forth below (1) Deposits of the Class A Modified Required Amount into the Series Interest Funding Account. An amount equal to the lesser of (A) the Class A Modified Required Amount and
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)
Payments to the Investor Certificateholders. On each Distribution Date, after giving effect to deposits and allocations made pursuant to Section 8, the Servicer shall direct the Trustee to make the following additional deposits and withdrawals and to cause the Paying Agent to pay funds from the applicable Investor Account to or for the benefit of each Class of Investor Certificateholders as set forth below
(1) Deposits of the Class A Modified Required Amount into the Series Interest Funding Account. An amount equal to the lesser of (A) the Class A Modified Required Amount and
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)
Payments to the Investor Certificateholders. On each Distribution Date, after giving effect to deposits and allocations made pursuant to Section 8, the Servicer shall direct the Trustee to make the following additional deposits and withdrawals and to cause the Paying Agent to pay funds from the applicable Investor Account to or for the benefit of each Class of Investor Certificateholders as set forth below
below (1) Deposits of the Class A Modified Required Amount into the Series Interest Funding Account. An amount equal to the lesser of (A) the Class A Modified Required Amount and
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)
Payments to the Investor Certificateholders. On each Distribution Date, after giving effect to deposits and allocations made pursuant to Section 8, the Servicer shall direct the Trustee to make the following additional deposits and withdrawals and to cause the Paying Agent to pay funds from the applicable Investor Account to or for the benefit of each Class of Investor Certificateholders as set forth below
below (1) Deposits of the Class A Modified Required Amount into the Series Interest Funding Account. An amount equal to the lesser of (A) the Class A Modified Required Amount and)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)
