Common use of Reallocation of Deposits to the Principal Clause in Contracts

Reallocation of Deposits to the Principal. Funding Sub-Account of any Subordinated Class of CHASEseries Notes. If the restrictions of subsection 3.17(a) prevent the deposit of CHASEseries Available Principal Collections into the Principal Funding Sub-Account of any Subordinated Class of CHASEseries Notes, the aggregate amount of CHASEseries Available Principal Collections available to make the targeted deposit for such Subordinated Class will be allocated first, if applicable, to each Tranche of Class A Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for such Tranche of Class A Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for all Tranches of Class A Notes and, second, if applicable, to each Tranche of Class B Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for such Tranche of Class B Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for all Tranches of Class B Notes.

Appears in 3 contracts

Samples: Chaseseries Indenture Supplement (Chase Card Funding LLC), Chaseseries Indenture Supplement (Chase Issuance Trust), Chaseseries Indenture Supplement (Chase Issuance Trust)

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Reallocation of Deposits to the Principal. Funding Sub-Account of any Subordinated Class of CHASEseries Notes. If the restrictions of subsection 3.17(a4.15(a) prevent the deposit of CHASEseries WFCardSeries Available Principal Collections Amounts into the Principal Funding Subsub-Account of any Subordinated Class of CHASEseries Notessubordinated note, the aggregate amount of CHASEseries WFCardSeries Available Principal Collections Amounts available to make the targeted deposit for such Subordinated Class subordinated Tranche will be caused to be allocated by the Issuer first, if applicable, to each Tranche of Class A Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for such Tranche of Class A Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for all Tranches of Class A Notes andNotes, second, if applicable, to each Tranche of Class B Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for such Tranche of Class B Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for all Tranches of Class B Notes, and third, if applicable, to each Tranche of Class C Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of Notes for such Class C Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of Notes for all Class C Notes.

Appears in 2 contracts

Samples: Indenture (WF Card Funding LLC), WF Card Issuance Trust

Reallocation of Deposits to the Principal. Funding Sub-Account of any Subordinated Class Tranche of CHASEseries WachoviaSeries Notes. If the restrictions of subsection 3.17(a) prevent the deposit of CHASEseries WachoviaSeries Available Principal Collections into the Principal Funding Sub-Account of any Subordinated Class Tranche of CHASEseries WachoviaSeries Notes, the aggregate amount of CHASEseries WachoviaSeries Available Principal Collections available to make the targeted deposit for such Subordinated Class Tranche will be allocated first, if applicable, to each Tranche of Class A Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries WachoviaSeries Notes for such Tranche of Class A Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries WachoviaSeries Notes for all Tranches of Class A Notes and, second, if applicable, to each Tranche of Class B Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries WachoviaSeries Notes for such Tranche of Class B Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries WachoviaSeries Notes for all Tranches of Class B Notes.

Appears in 1 contract

Samples: Indenture (Wachovia Card Receivables LLC)

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Reallocation of Deposits to the Principal. Funding Sub-Sub- Account of any Subordinated Class of CHASEseries Notes. If the restrictions of subsection 3.17(a) prevent the deposit of CHASEseries Available Principal Collections into the Principal Funding Sub-Account of any Subordinated Class of CHASEseries Notes, the aggregate amount of CHASEseries Available Principal Collections available to make the targeted deposit for such Subordinated Class will be allocated first, if applicable, to each Tranche of Class A Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for such Tranche of Class A Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for all Tranches of Class A Notes and, second, if applicable, to each Tranche of Class B Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for such Tranche of Class B Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for all Tranches of Class B Notes.

Appears in 1 contract

Samples: Indenture

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