Termination of Qualified Trust Institution. If the entity with which ------------------------------------------ any of the accounts established pursuant to this Section 4.3 ceases to be a "Qualified Trust Institution," then such entity shall (i) provide the Trustee and the Servicer with prompt written notice that it is no longer a "Qualified Trust Institution" and (ii) transfer the funds deposited in each of the accounts in the manner directed by the Servicer within 10 Business Days of the day on which such entity ceased to be a "Qualified Trust Institution."
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)
Termination of Qualified Trust Institution. If the entity with which ------------------------------------------ any of the accounts established pursuant to this Section 4.3 ceases to be a "Qualified Trust Institution," then such entity shall (i) provide the Trustee and the Servicer with prompt written notice that it is no longer a "Qualified Trust Institution" and (ii) transfer the funds deposited in each of the accounts in the manner directed by the Servicer within 10 Business Days of the day on which such entity ceased to be a "Qualified Trust Institution."
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)
Termination of Qualified Trust Institution. If the entity with ------------------------------------------ which ------------------------------------------ any of the accounts established pursuant to this Section 4.3 ceases to be a "Qualified Trust Institution," then such entity shall (i) provide the Trustee and the Servicer with prompt written notice that it is no longer a "Qualified Trust Institution" and (ii) transfer the funds deposited in each of the accounts in the manner directed by the Servicer within 10 Business Days of the day on which such entity ceased to be a "Qualified Trust Institution."
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank)
Termination of Qualified Trust Institution. If the entity ------------------------------------------ with which ------------------------------------------ any of the accounts established pursuant to this Section 4.3 ceases to be a "Qualified Trust Institution," then such entity shall (i) provide the Trustee and the Servicer with prompt written notice that it is no longer a "Qualified Trust Institution" and (ii) transfer the funds deposited in each of the accounts in the manner directed by the Servicer within 10 Business Days of the day on which such entity ceased to be a "Qualified Trust Institution."
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)
