Termination of the Delamare Cards Receivables Trust Sample Clauses

Termination of the Delamare Cards Receivables Trust. Subject to obtaining the written consent of each existing Beneficiary of the Delamare Cards Receivables Trust, on any Business Day on which (a) the Aggregate Investor Interest in respect of each Investor Beneficiary is reduced to zero, (b) there are no Finance Charge Collections or other Trust Property allocated to any Beneficiaries other than the Transferor Beneficiary and (c) there is no commitment on the part of any Beneficiary to make contributions to meet payments in respect of the assignment, assignation or holding on trust of Receivables to or for the Receivables Trustee, then the Transferor Beneficiary may by written notice to the Receivables Trustee direct that the Delamare Cards Receivables Trust be dissolved.
Sample 1
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Related to Termination of the Delamare Cards Receivables Trust

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