Withdrawal of Excess Amounts. If on any Note Transfer Date for a Tranche of Class C Notes with respect to which no Class C Notes have been accelerated, the aggregate amount on deposit in any Class C Reserve Sub-Account exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in the manner, order and priority set forth in subsection 3.24(c), and then, paid to the Issuing Entity. Upon payment in full of any Tranche of Class C Notes, any amount on deposit in the applicable Class C Reserve Sub-Account will be applied in accordance with the preceding sentence.
Appears in 5 contracts
Samples: Chase Series Indenture Supplement (Chase Card Funding LLC), Chase Series Indenture Supplement (Chase Issuance Trust), Chase Series Indenture Supplement (Chase Issuance Trust)
Withdrawal of Excess Amounts. If on any Note Transfer Date for a Tranche of Class C Notes with respect to which no Class C Notes have been accelerated, and the aggregate amount on deposit in any Class C Reserve Sub-Account exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in the manner, order and priority set forth in subsection 3.24(c), and then, paid to the Issuing EntityIssuer. Upon payment in full of any Tranche of Class C Notes, any amount on deposit in the applicable Class C Reserve Sub-Account will be applied in accordance with the preceding sentence.
Appears in 2 contracts
Samples: Oneseries Indenture Supplement (Bank One Delaware National Association), Indenture Supplement (First Usa Credit Card Master Trust)
Withdrawal of Excess Amounts. If on any Note Transfer Date for a Tranche of Class C Notes with respect to which no Class C Notes have been accelerated, the aggregate amount on deposit in any Class C Reserve Sub-Account exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in the manner, order and priority set forth in subsection 3.24(c), and then, paid to the Issuing EntityIssuer. Upon payment in full of any Tranche of Class C Notes, any amount on deposit in the applicable Class C Reserve Sub-Account will be applied in accordance with the preceding sentence.
Appears in 1 contract
Samples: Chase Series Indenture Supplement (Chase Manhattan Bank Usa)
Withdrawal of Excess Amounts. If on any Note Transfer Date for a Tranche of Class C Notes with respect to which no Class C Notes have been accelerated, and the aggregate amount on deposit in any Class C Reserve Sub-Account exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in the manner, order 61 and priority set forth in subsection 3.24(c), and then, paid to the Issuing EntityIssuer. Upon payment in full of any Tranche of Class C Notes, any amount on deposit in the applicable Class C Reserve Sub-Account will be applied in accordance with the preceding sentence.
Appears in 1 contract
Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)
Withdrawal of Excess Amounts. If on any Note Transfer Date for a Tranche of Class C Notes with respect to which no Class C Notes have been accelerated, the aggregate amount on deposit in any the Class C Reserve Sub-Account exceeds the amount required to be on deposit in such the Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Subsub-Accounts Account of the Tranches tranches of Class C Notes in the manner, order and priority set forth in subsection 3.24(cSection 3.22(c), and then, paid to the Issuing EntityIssuer. Upon payment in full of any Tranche tranche of Class C Notes, any amount on deposit in the applicable Class C Reserve Subsub-Account will be applied in accordance with the preceding sentence. Section 3.24. DO NOT DELETE Section 3.24. Targeted Deposits to the Accumulation Reserve Account.
Appears in 1 contract
Samples: Indenture Supplement (Mbna Credit Card Master Note Trust)