Common use of The Finance Charge and Principal Accounts Clause in Contracts

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 1997-2 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-2 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Inc)

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The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 1998- 5 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the ---------------------- "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly ----------------- indicating that the funds therein are held for the benefit of the Series 19971998-2 5 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-2 5 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 Certificateholders.times

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971996-2 8 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge -------------- Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing ------- ----------------- a designation clearly indicating that the funds therein are held for the benefit of the Series 19971996-2 8 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971996-2 8 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971996-2 8 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Inc)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971998-2 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal ---------------------- --------- Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that ------- the funds therein are held for the benefit of the Series 19971998-2 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-2 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971998-2 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971999-2 1 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the ---------------------- "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly ----------------- indicating that the funds therein are held for the benefit of the Series 19971999-2 1 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971999-2 1 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971999-2 1 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 Investor Certificateholders, shall establish and maintain in the State of New York or in the city in which the Corporate Trust Office is located, with a Qualified Institution, in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two non-interest bearing segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), each bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 1997-2 Investor Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-2 Investor Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 Investor Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (A I Receivables Corp)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 10 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), ----------------------- ----------------- bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 1997-2 10 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-2 10 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 10 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 8 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), ---------------------- ----------------- bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 1997-2 8 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-2 8 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 8 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- --------------------------------------------------------------- benefit of the Series 19971998-2 6 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the ------------------------ "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly -------------------- indicating that the funds therein are held for the benefit of the Series 19971998-2 6 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-2 6 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971998-2 6 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971999-2 3 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 19971999-2 3 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971999-2 3 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971999-2 3 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 6 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 1997-2 6 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-2 6 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 6 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for ----------------------------------------- the ----------------------------------------- benefit of the Series 19971996-2 6 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance ------- Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), -------------- ----------------- bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 19971996-2 6 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971996-2 6 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971996-2 6 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Inc)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- ------------------------------------------ benefit of the Series 19971998-2 7 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the ---------------------- "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly ----------------- indicating that the funds therein are held for the benefit of the Series 19971998-2 7 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-2 7 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971998-2 7 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 7 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 1997-2 7 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-2 7 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 7 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

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The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 1997-2 9 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 1997-2 9 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1997-2 9 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 9 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19972001-2 1 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 19972001-2 1 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19972001-2 1 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19972001-2 1 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971998-2 9 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 19971998-2 9 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-2 9 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971998-2 9 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- ------------------------------------------ benefit of the Series 19971998-2 4 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the ---------------------- "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly ----------------- indicating that the funds therein are held for the benefit of the Series 19971998-2 4 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-2 4 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 Certificateholders.times

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971999-2 4 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 19971999-2 4 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971999-2 4 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971999-2 4 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971998-2 3 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the ---------------------- "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly ----------------- indicating that the funds therein are held for the benefit of the Series 19971998-2 3 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971998-2 3 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 1997-2 Certificateholders.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19971999-2 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the ---------------------- "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly ----------------- indicating that the funds therein are held for the benefit of the Series 19971999-2 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19971999-2 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19971999-2 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 19972001-2 4 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," ---------------------- ----------------- respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 19972001-2 4 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 19972001-2 4 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 19972001-2 4 Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Bank National Association)

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