The Distribution Account. The Trustee, for the benefit of the Series 2002- CC Certificateholder, shall cause to be established and maintained in the name of the Trust, with an office or branch of a Qualified Institution, which shall initially be the Paying Agent, a non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Series 2002-CC Certificateholder. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC Certificate holder."
Appears in 3 contracts
Samples: Amended and Restated Series Supplement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Bank One Delaware National Association), Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
The Distribution Account. The Trustee, for the benefit of the Series 2002- 2002-CC Certificateholder, shall cause to be established and maintained in the name of the Trust, with an office or branch of a Qualified Institution, which shall initially be the Paying Agent, a non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Series 2002-CC Certificateholder. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC Certificate holderCertificateholder."
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
