Principal Funding Account; Controlled Accumulation Period. (a)(i) The Servicer, for the benefit of the Series 1997-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-1 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii), Pooling and Servicing Agreement (At&t Universal Funding Corp), Pooling and Servicing Agreement (At&t Universal Funding Corp)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972017-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-1 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.therein
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972018-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972018-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972023-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972023-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972017-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972017-1 6 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972017-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972017-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972019-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972019-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972017-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972017-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972022-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972022-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Series (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972017-1 8 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972017-1 8 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972024-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972024-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Series (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972018-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972018-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972018-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972018-1 6 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972024-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972024-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972019-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972019-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972021-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972021-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Series (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972022-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972022-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Series 2022 (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972019-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972019-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972000-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972000-1 4 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Agreement (American Express Centurion Bank)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972018-1 9 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972018-1 9 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972017-1 7 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972017-1 7 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i). The Servicer, for the benefit of the Series 19972000-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972000-1 3 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Centurion Bank)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972017-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972017-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972018-1 8 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972018-1 8 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972018-1 7 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972018-1 7 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972024-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972024-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972023-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972023-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972018-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972018-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972003-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972003-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972003-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein (Series 2003-3 Supplement) 17 are held for the benefit of the Series 19972003-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972012-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972012-1 5 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Series 2012 (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972007-1 7 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972007-1 7 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972008-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972008-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972001-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972004-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972004-1 5 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(i) The Servicer, for the benefit of the Series 19971996-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971996-1 3 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (At&t Universal Card Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972012-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972012-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972008-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972008-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19971999-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971999-1 2 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972009-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972009-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(i) The Servicer, for the benefit of the Series 19971996-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-1 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.deposited
Appears in 1 contract
Samples: Pooling and Servicing Agreement (At&t Universal Card Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972001-1 7 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-1 7 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972005-1 7 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972005-1 7 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19971999-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971999-1 5 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972008-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972008-1 6 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972002-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972000-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972000-1 2 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972013-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972013-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972007-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972007-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972023-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972023-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972005-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972005-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19971999-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971999-1 3 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972002-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-1 6 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19971999-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971999-1 6 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972001-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972000-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972000-1 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972014-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972014-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972006-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972006-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972003-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972003-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972013-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972013-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972008-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972008-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972009-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972009-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972007-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972007-1 6 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972002-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19971999-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971999-1 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972000-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972000-1 5 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.. (SERIES 2000-5 SUPPLEMENT) 17
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972022-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972022-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972005-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972005-1 5 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972007-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972007-1 5 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972005-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972005-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972014-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972014-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19971998-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19971998-1 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972010-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972010-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972012-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972012-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972012-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972012-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Series 2012 (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972014-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972014-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972008-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972008-1 5 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972023-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972023-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972007-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972007-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972006-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972006-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972005-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972005-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972007-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972007-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972001-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-1 5 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972001-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972001-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972004-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972004-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972001-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972001-1 6 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972014-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972014-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972013-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972013-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972004-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972004-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972007-1 3 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972007-1 3 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972004-1 4 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972004-1 4 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972011-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972011-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972008-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972008-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972002-1 5 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-1 5 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972005-1 6 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972005-1 6 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972011-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972011-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972008-1 7 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972008-1 7 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972012-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "“Principal Funding Account"”), bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series 19972012-1 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York Mellon.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Principal Funding Account; Controlled Accumulation Period. (a)(ia) (i) The Servicer, for the benefit of the Series 19972002-1 2 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 19972002-1 2 Certificateholders. The Principal Funding Account shall initially be established with the TrusteeThe Bank of New York.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Express Centurion Bank)