Subordination of Certain Termination Payments. Notwithstanding anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 1997-2 Certificates shall be payable first to the Class A Certificates until paid in full, then to the Class B Certificates until paid in full, then to the Collateral Indebtedness Interest until paid in full and then to the Class D Certificates until paid in full.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Proffitts Credit Card Master Trust), Pooling and Servicing Agreement (Proffitts Credit Card Master Trust), Proffitts Credit Corp
Subordination of Certain Termination Payments. Notwithstanding anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 19971998-2 Certificates shall be payable first to the Class A Certificates until paid in full, then to the Class B Certificates until paid in full, then to the Collateral Indebtedness Interest until paid in full and then to the Class D Certificates until paid in full.. [Signatures on next page]
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Proffitts Credit Corp), And Servicing Agreement (Saks Inc)
Subordination of Certain Termination Payments. Notwithstanding anything contained in Section 12.2(c) of the Agreement, upon the sale of Receivables or interests therein as provided in Section 12.2(c) of the Agreement, the proceeds of any such sale payable in respect of the Series 19971998-2 1 Certificates shall be payable first to the Class A Certificates until paid in full, then to the Class B Certificates until paid in full, then to the Collateral Indebtedness Interest until paid in full and then to the Class D C Certificates until paid in full.
Appears in 1 contract
Samples: Saks Inc
