Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(c) of the Indenture.
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Samples: Servicing Agreement (Barclays Dryrock Issuance Trust), Servicing Agreement (Barclays Dryrock Funding LLC), Servicing Agreement (Barclays Bank Delaware)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Indenture Trustee and the Series [•__]-[__] Noteholders in accordance with Section 5.02(c) of the Indenture.
Appears in 2 contracts
Samples: Servicing Agreement (Barclays Dryrock Funding LLC), Servicing Agreement (Barclays Dryrock Funding LLC)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2008-2 Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the IndentureIndenture .
Appears in 1 contract
Samples: American Express Issuance Trust (American Express Issuance Trust)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Indenture Trustee and the Series [•] 2014-1 Noteholders in accordance with Section 5.02(c) of the Indenture.
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Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2013-1 Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the IndentureIndenture .
Appears in 1 contract
Samples: Indenture (American Express Receivables Financing Corp VIII LLC)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “"Principal Funding Account”"), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2005-[__] Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the IndentureIndenture .
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Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2013-2 Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the Indenture.
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Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 20[_]-[_] Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the IndentureIndenture .
Appears in 1 contract
Samples: Indenture (American Express Receivables Financing Corp VIII LLC)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Indenture Trustee and the Series [•] 2015-2 Noteholders in accordance with Section 5.02(c) of the Indenture.
Appears in 1 contract
Samples: Servicing Agreement (Barclays Dryrock Issuance Trust)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2007-2 Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the IndentureIndenture .
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Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Indenture Trustee and the Series [•] 2013-1 Noteholders in accordance with Section 5.02(c) of the Indenture.
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Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2007-1 Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the Indenture.
Appears in 1 contract
Samples: American Express Issuance Trust (American Express Issuance Trust)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 201[_]-[_] Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the Indenture.
Appears in 1 contract
Samples: American Express Receivables Financing Corp VIII LLC
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 201[ ]-[ ] Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the IndentureIndenture .
Appears in 1 contract
Samples: Indenture (American Express Receivables Financing Corp VIII LLC)
Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2012-2 Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(c) of the Indenture.
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Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Indenture Trustee and the Series [•] Noteholders Noteholders. The Principal Funding Account shall be held by the Indenture Trustee in accordance with Section 5.02(c) of the Indenture.
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Principal Funding Account; Controlled Accumulation Period. (a) (i) The Issuer shall cause to be established and maintained maintained, in the name of the Indenture Trustee, an Eligible Deposit Account (the “Principal Funding Account”), bearing a designation clearly indicating that the funds and other property credited thereto are held for the benefit of the Series 2008-1 Noteholders. The Principal Funding Account shall be held by the Indenture Trustee and the Series [•] Noteholders in accordance with Section 5.02(csubsection 5.03(c) of the IndentureIndenture .
Appears in 1 contract
Samples: American Express Issuance Trust (American Express Receivables Financing CORP v LLC)