Common use of Required Additions Clause in Contracts

Required Additions. (i) If, from time to time, Chase Card Funding becomes obligated to designate Additional Accounts or Additional Collateral Certificates pursuant to subsection 2.12(a)(i) of the Transfer and Servicing Agreement, then Chase Card Funding may, at its option, give Chase USA written notice thereof on or before the third (3rd) Business Day prior to the Addition Date therefor, and, upon receipt of such notice, Chase USA shall on or before the Addition Date, (1) designate Receivables in additional Accounts to be transferred to Chase Card Funding (each, an “Additional Account”), (2) designate one or more additional Collateral Certificates to be transferred to Chase Card Funding (each, an “Additional Collateral Certificate”) or (3) increase the Invested Amount of one or more Collateral Certificates previously conveyed to Chase Card Funding. (ii) Any Receivables in Additional Accounts or Additional Collateral Certificates designated to be included as Chase Card Funding Assets pursuant to clause (i) above may only be so included if the applicable conditions specified in subsection (c) below have been satisfied.

Required Additions. (i) If, from time to time, Chase Card Funding becomes obligated to designate Additional Accounts or Additional Collateral Certificates pursuant to subsection 2.12(a)(i) of the Transfer and Servicing Agreement, then Chase Card Funding may, at its option, give Chase USA JPMCB written notice thereof on or before the third (3rd) Business Day prior to the Addition Date therefor, and, upon receipt of such notice, Chase USA JPMCB shall on or before the Addition Date, (1) designate Receivables in additional Accounts to be transferred to Chase Card Funding (each, an “Additional Account”), (2) designate one or more additional Collateral Certificates to be transferred to Chase Card Funding (each, an “Additional Collateral Certificate”) or (3) increase the Invested Amount of one or more Collateral Certificates previously conveyed to Chase Card Funding. (ii) Any Receivables in Additional Accounts or Additional Collateral Certificates designated to be included as Chase Card Funding Assets pursuant to clause (i) above may only be so included if the applicable conditions specified in subsection (c) below have been satisfied.