Common use of Withdrawal of Excess Amounts Clause in Contracts

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exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in the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: Chaseseries Indenture Supplement (Chase Card Funding LLC), Indenture, Chaseseries Indenture Supplement (Chase Issuance Trust)

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Withdrawal of Excess Amounts. If on any Note Transfer Date for a Tranche of Class C D Notes with respect to which no Class C D Notes have been accelerated, the aggregate amount on deposit in any Class C D Reserve Sub-Account exceeds the amount required to be on deposit in such Class C D Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C D Reserve Sub-Account and first, allocated among and deposited to the other Class C D Reserve Sub-Accounts of the Tranches of Class C D Notes in the manner, order and priority set forth in subsection 3.24(cSection 3.23(c), and then, paid to the Issuing EntityIssuer. Upon payment in full of any Tranche of Class C D Notes, any amount on deposit in the applicable Class C D Reserve Sub-Account will be applied in accordance with the preceding sentence.

Appears in 3 contracts

Samples: Master Indenture (Synchrony Card Issuance Trust), Master Indenture (Synchrony Card Issuance Trust), Master Indenture (Synchrony Card 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exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in the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: Indenture (Bank One Delaware National Association), 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 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: Indenture (Chase Manhattan Bank Usa)

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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: Indenture (First Usa Credit Card Master Trust)

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