Common use of Principal Payment Date Clause in Contracts

Principal Payment Date. With respect to the Monthly Period immediately preceding any Principal Payment Date, the deposit targeted for that Tranche of CHASEseries Notes, unless otherwise specified in the applicable Terms Document, will be equal to the Nominal Liquidation Amount of that Tranche of CHASEseries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately following Monthly Period).

Principal Payment Date. With respect to the Monthly Period immediately preceding any Principal Payment Date, the deposit targeted for that such Tranche of CHASEseries SynchronySeries Notes, unless otherwise specified in the applicable Terms Document, will be equal to the Nominal Liquidation Amount of that such Tranche of CHASEseries SynchronySeries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries SynchronySeries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries SynchronySeries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries SynchronySeries Notes as a result of reimbursements thereof pursuant to subsection 3.02(dclause (d) of Section 3.02 to be made on the First Note Transfer Date in the immediately following Monthly Period).