Reduction in Portfolio Yield. Citibank (South Dakota), in its capacity as a Seller, and each Additional Seller hereby covenant that upon receipt of notice by the Issuer or the Indenture Trustee of the occurrence of an Early Redemption Event described in Section 1201(e) of the Indenture, except as is otherwise required by any Requirements of Law, it will not reduce the Periodic Rate Finance Charge applicable to any Account to a rate that would result in the weighted average of the Periodic Rate Finance Charges applicable to all the Accounts as of the last day of any Due Period being less than the sum of
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Citibank Credit Card Master Trust I), Pooling and Servicing Agreement (Citibank Credit Card Issuance Trust)
Reduction in Portfolio Yield. Citibank (South Dakota)Citibank, in its capacity as a Seller, and each Additional Seller hereby covenant that upon receipt of notice by the Issuer or the Indenture Trustee of the occurrence of an Early Redemption Event described in Section 1201(e) of the Indenture, except as is otherwise required by any Requirements of Law, it will not reduce the Periodic Rate Finance Charge applicable to any Account to a rate that would result in the weighted average of the Periodic Rate Finance Charges applicable to all the Accounts as of the last day of any Due Period being less than the sum of
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust), Pooling and Servicing Agreement
