Common use of Permitted Additions Clause in Contracts

Permitted Additions. (i) If, from time to time, Chase Card Funding elects to designate Additional Accounts and/or Additional Collateral Certificates pursuant to subsection 2.12(b) of the Transfer and Servicing Agreement, then Chase Card Funding may, at its option, give Chase USA written notice thereof on or before the fifth (5th) Business Day prior to the Addition Date therefor, and upon receipt of such notice Chase USA may, but shall not be obligated to, (x) designate from time to time Receivables in Additional Accounts to be included as Chase Card Funding Assets, and/or Additional Collateral Certificates to be included as Chase Card Funding Assets and (y) increase the Invested Amount of a Collateral Certificate previously conveyed to Chase Card Funding. Such additional Collateral shall be transferred to Chase Card Funding on the Addition Date or the Increase Date, as applicable. (ii) On any Business Day, consideration in the form of cash will be applied in connection with any increase in the Chase Card Funding Assets pursuant to Section 2.09 or this Section 2.10, as applicable.

Permitted Additions. (i) If, from time to time, Chase Card Funding elects to designate Additional Accounts and/or Additional Collateral Certificates pursuant to subsection 2.12(b) of the Transfer and Servicing Agreement, then Chase Card Funding may, at its option, give Chase USA JPMCB written notice thereof on or before the fifth (5th) Business Day prior to the Addition Date therefor, and upon receipt of such notice Chase USA JPMCB may, but shall not be obligated to, (x) designate from time to time Receivables in Additional Accounts to be included as Chase Card Funding Assets, and/or Additional Collateral Certificates to be included as Chase Card Funding Assets and (y) increase the Invested Amount of a Collateral Certificate previously conveyed to Chase Card Funding. Such additional Collateral shall be transferred to Chase Card Funding on the Addition Date or the Increase Date, as applicable. (ii) On any Business Day, consideration in the form of cash will be applied in connection with any increase in the Chase Card Funding Assets pursuant to Section 2.09 or this Section 2.10, as applicable.