Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001-1) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding Dollar Principal Amount of the MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001-1) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2001 1) Terms Document (Mbna Credit Card Master Note Trust)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2003-17) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2003-17) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2003-17) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2003-17) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001-1C(2003- 7) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2003 7) Terms Document (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2003-14) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2003-14) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2003-14) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2003-14) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2003-14) notes minus the amount then on deposit in such sub-Account.
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Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2006-1) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2006-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2006-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2006-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2006-1) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2006 1) Terms Document (Capital One Master Trust)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2002-14) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2002-14) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2002-14) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2002-14) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2002-14) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2002 4) Terms Document (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2003-1) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2003-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2003-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2003-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2003-1) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2003 1) Terms Document (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001-14) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001-14) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001-14) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001-14) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001-14) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2001 4) Terms Document (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2002-1) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding sum of the Initial Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2002-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2002-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2002-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2002-1) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2002 1) Terms Document (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2007-13) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding sum of the Initial Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2007-13) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2007-13) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2007-13) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2007-13) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2007 3) Terms Document (Capital One Funding, LLC)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2003-15) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2003-15) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2003-15) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2003-15) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2003-15) notes minus the amount then on deposit in such sub-Account.
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Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2002-13) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2002-13) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2002-13) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2002-13) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2002-13) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2002 3) Terms Document (Mbna Credit Card Master Note Trust)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2007-1) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding sum of the Initial Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2007-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2007-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2007-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2007-1) notes minus the amount then on deposit in such sub-Account.
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Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2004-12) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2004-12) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2004-12) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2004-12) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2004-12) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2004 2) Terms Document (Capital One Funding LLC)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2002-17) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2002-17) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2002-17) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2002-17) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2002-17) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2002 7) Terms Document (Mbna America Bank National Association)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2006-13) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding sum of the Initial Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2006-13) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2006-13) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2006-13) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2006-13) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2006 3) Terms Document (Capital One Master Trust)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2006-1) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding sum of the Initial Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2006-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2006-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2006-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2006-1) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2006 2) Terms Document (Capital One Funding, LLC)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2005-1) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2005-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2005-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2005-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2005-1) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2005 1) Terms Document (Capital One Funding, LLC)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2002-16) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2002-16) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2002-16) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2002-16) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2002-16) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2002 6) Terms Document (Mbna America Bank National Association)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2004-14) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2004-14) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2004-14) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2004-14) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2004-14) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2007-12) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding sum of the Initial Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2007-12) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2007-12) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2007-12) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2007-12) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2007 2) Terms Document (Capital One Funding, LLC)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2003-16) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2003-16) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2003-16) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2003-16) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2003-16) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2003 6) Terms Document (Mbna America Bank National Association)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2002-15) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2002-15) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2002-15) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2002-15) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2002-15) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2002 5) Terms Document (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2007-14) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted Outstanding sum of the Initial Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2007-14) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2007-14) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2007-14) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2007-14) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Samples: Class C(2007 4) Terms Document (Capital One Funding, LLC)
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2003-13) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2003-13) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2003-13) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2003-13) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2003-13) notes minus the amount then on deposit in such sub-Account.
Appears in 1 contract
Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- sub-Account for the Class C(2001C(2004-1) Notes for any Transfer Distribution Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the MBNAseries each tranche of Outstanding Card Series Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2004-1) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries Card Series as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2004-1) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2004-1) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2004-1) notes minus the amount then on deposit in such sub-Account.
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Targeted Deposit to the Class C Reserve Account. The deposit targeted to be made to the Class C Reserve sub- Account for the Class C(2001C(2003-13) Notes for any Transfer Date will be an amount equal to (i) to the product of (A) Class C Reserve Account Percentage for the related Monthly Period times (B) the Adjusted sum of the Initial Outstanding Dollar Principal Amount Amounts of the each tranche of Outstanding MBNAseries Notes as of the last day of the preceding Monthly Period times (C) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class C(2001C(2003-13) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the Nominal Liquidation Amount of all Class C Notes in the MBNAseries as of the close of business on the last day of the preceding Monthly Period, minus (ii) any amount previously on deposit in the Class C(2001C(2003-13) Reserve sub-Account prior to such targeted deposit; provided however, that if an Early Redemption Event or Event of Default occurs with respect to the Class C(2001C(2003-13) Notes, the deposit targeted will be the Adjusted Outstanding Dollar Principal Amount of the Class C(2001C(2003-13) notes minus the amount then on deposit in such sub-Account.
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Samples: Class C(2003 3) Terms Document (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)