Common use of Series Yield Factor Clause in Contracts

Series Yield Factor. The Series Yield Factor for the Series established hereby shall initially be the Series Yield Factor set forth in the Series Term Sheet. The Master Servicer may change the Series Yield Factor upon 20 days prior written notice to the Trustee, Discover Bank on behalf of the Holder of the Seller Certificate, the Credit Enhancement Provider and the Rating Agencies, provided that the following conditions are satisfied: (i) the Series Yield Factor may not be reduced below the initial Series Yield Factor or increased to more than a total of 0.05; (ii) the Master Servicer shall have delivered to the Trustee a certificate to the effect that the Master Servicer reasonably believes that the change in the Series Yield Factor would not (x) result in any delay in the payment of principal to the Investor Certificateholders of any Series then outstanding, or (y) cause an Amortization Event or an Early Accumulation Event to occur with respect to any Series then outstanding; and (iii) Standard & Poor's shall have advised the Master Servicer and Discover Bank on behalf of the Holder of the Seller Certificate that such change in the Series Yield Factor would not cause the rating of any Class of any Series then outstanding to be lowered or withdrawn. Any such change shall be effective as of the first day of the Due Period specified in the notice of the Master Servicer.

Series Yield Factor. The Series Yield Factor for the Series established hereby shall initially be the Series Yield Factor set forth in the Series Term Sheet. The Master Servicer may change the Series Yield Factor upon 20 days prior written notice to the Trustee, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate, the Credit Enhancement Provider and the Rating Agencies, provided that the following conditions are satisfied: (i) the Series Yield Factor may not be reduced below the initial Series Yield Factor or increased to more than a total of 0.05; (ii) the Master Servicer shall have delivered to the Trustee a certificate to the effect that the Master Servicer reasonably believes that the change in the Series Yield Factor would not (x) result in any delay in the payment of principal to the Investor Certificateholders of any Series then outstanding, or (y) cause an Amortization Event or an Early Accumulation Event to occur with respect to any Series then outstanding; and (iii) Standard & Poor's shall have advised the Master Servicer and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate that such change in the Series Yield Factor would not cause the rating of any Class of any Series then outstanding to be lowered or withdrawn. Any such change shall be effective as of the first day of the Due Period specified in the notice of the Master Servicer.

Series Yield Factor. The Series Yield Factor for the Series established hereby shall initially be the Series Yield Factor set forth in the Series Term Sheet. The Master Servicer may change the Series Yield Factor upon 20 days prior written notice to the Trustee, Discover Bank on behalf of the Holder of the Seller Certificate, the Credit Enhancement Provider and the Rating Agencies, provided that the following conditions are satisfied: (i) the Series Yield Factor may not be reduced below the initial Series Yield Factor or increased to more than a total of 0.05; (ii) the Master Servicer shall have delivered to the Trustee a certificate to the effect that the Master Servicer reasonably believes that the change in the Series Yield Factor would not (x) result in any delay in the payment of principal to the Investor Certificateholders of any Series then outstanding, or (y) cause an Amortization Event or an Early Accumulation Event to occur with respect to any Series then outstanding; and (iii) Standard & Poor's ’s shall have advised the Master Servicer and Discover Bank on behalf of the Holder of the Seller Certificate that such change in the Series Yield Factor would not cause the rating of any Class of any Series then outstanding to be lowered or withdrawn. Any such change shall be effective as of the first day of the Due Period specified in the notice of the Master Servicer.

Series Yield Factor. The Series Yield Factor for the Series established hereby shall initially be the Series Yield Factor set forth in the Series Term Sheet. The Master Servicer may change the Series Yield Factor upon 20 days prior written notice to the Trustee, Discover Bank on behalf of the Holder of the Seller Certificate, the Credit Enhancement Provider 56 67 and the Rating Agencies, provided that the following conditions are satisfied: (i) the Series Yield Factor may not be reduced below the initial Series Yield Factor or increased to more than a total of 0.05; (ii) the Master Servicer shall have delivered to the Trustee a certificate to the effect that the Master Servicer reasonably believes that the change in the Series Yield Factor would not (x) result in any delay in the payment of principal to the Investor Certificateholders of any Series then outstanding, or (y) cause an Amortization Event or an Early Accumulation Event to occur with respect to any Series then outstanding; and (iii) Standard & Poor's shall have advised the Master Servicer and Discover Bank on behalf of the Holder of the Seller Certificate that such change in the Series Yield Factor would not cause the rating of any Class of any Series then outstanding to be lowered or withdrawn. Any such change shall be effective as of the first day of the Due Period specified in the notice of the Master Servicer.

Series Yield Factor. The Series Yield Factor for the Series established hereby shall initially be the Series Yield Factor set forth in the Series Term Sheet. The Master Servicer may change the Series Yield Factor upon 20 days prior written notice to the Trustee, Discover Bank on behalf of the Holder of the Seller Certificate, the Credit Enhancement Provider and the Rating Agencies, provided that the following conditions are satisfied: (i) the Series Yield Factor may not be reduced below the initial Series Yield Factor or increased to more than a total of 0.05; (ii) the Master Servicer shall have delivered to the Trustee a certificate to the effect that the Master Servicer reasonably believes that the change in the Series Yield Factor would not (x) result in any delay in the payment of principal to the Investor Certificateholders of any Series then outstanding, or (y) cause an Amortization Event or an Early Accumulation Event to occur with respect to any Series then outstanding; and (iii) Standard & Poor's shall have advised the Master Servicer and Discover Bank on behalf of the Holder of the Seller Certificate that such change in the Series Yield Factor would not cause the rating of any Class of any Series then 57 69 outstanding to be lowered or withdrawn. Any such change shall be effective as of the first day of the Due Period specified in the notice of the Master Servicer.

Series Yield Factor. The Series Yield Factor for the Series established hereby shall initially be the Series Yield Factor set forth in the Series Term Sheet. The Master Servicer may change the Series Yield Factor upon 20 days prior written notice to the Trustee, Discover Bank on behalf of the Holder of the Seller Certificate, the Credit Enhancement Provider and the Rating Agencies, provided that the following conditions are satisfied: (i) the Series Yield Factor may not be reduced below the initial Series Yield Factor or increased to more 55 than a total of 0.05; (ii) the Master Servicer shall have delivered to the Trustee a certificate to the effect that the Master Servicer reasonably believes that the change in the Series Yield Factor would not (x) result in any delay in the payment of principal to the Investor Certificateholders of any Series then outstanding, or (y) cause an Amortization Event or an Early Accumulation Event to occur with respect to any Series then outstanding; and (iii) Standard & Poor's shall have advised the Master Servicer and Discover Bank on behalf of the Holder of the Seller Certificate that such change in the Series Yield Factor would not cause the rating of any Class of any Series then outstanding to be lowered or withdrawn. Any such change shall be effective as of the first day of the Due Period specified in the notice of the Master Servicer.