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exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in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exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in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exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in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

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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, 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)

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