Withdrawal of Reserve Account Surplus. If the Reserve Account ------------------------------------- Surplus for any Transfer Date, after giving effect to all deposits to and withdrawals from the Reserve Account with respect to such Transfer Date, is greater than zero, the Trustee, acting in accordance with the instructions of the Servicer, shall withdraw from the Reserve Account not later than 1:00 p.m. (New York City time) on such Transfer Date an amount equal to the Reserve Account Surplus and pay such amount in accordance with the Loan Agreement.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank)
Withdrawal of Reserve Account Surplus. If the Reserve Account ------------------------------------- Surplus for any Transfer Date, after giving effect to all deposits to and withdrawals from the Reserve Account with respect to such Transfer Date, is greater than zero, the Trustee, acting in accordance with the instructions of the Servicer, shall withdraw from the Reserve Account not later than 1:00 p.m. (New York City time) on such Transfer Date an amount equal to the Reserve Account Surplus and pay such amount in accordance with the Loan Agreement.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)
Withdrawal of Reserve Account Surplus. If the Reserve Account Surplus ------------------------------------- Surplus for any Transfer Date, after giving effect to all deposits to and withdrawals from the Reserve Account with respect to such Transfer Date, is greater than zero, the Trustee, acting in accordance with the instructions of the Servicer, shall withdraw from the Reserve Account not later than 1:00 p.m. (New York City time) on such Transfer Date an amount equal to the Reserve Account Surplus and pay such amount in accordance with the Loan Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)
Withdrawal of Reserve Account Surplus. If the Reserve ------------------------------------- Account ------------------------------------- Surplus for any Transfer Date, after giving effect to all deposits to and withdrawals from the Reserve Account with respect to such Transfer Date, is greater than zero, the Trustee, acting in accordance with the instructions of the Servicer, shall withdraw from the Reserve Account not later than 1:00 p.m. (New York City time) on such Transfer Date an amount equal to the Reserve Account Surplus and pay such amount in accordance with the Loan Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)
