Common use of Withdrawals for Discount Notes Clause in Contracts

Withdrawals for Discount Notes. On each applicable Principal Payment Date, with respect to each Tranche of Discount Notes, an amount equal to the amount of the accretion of principal of that Tranche of Notes from the prior Principal Payment Date (or, in the case of the first Principal Payment Date, the date of issuance of that Tranche) to but excluding the applicable Principal Payment Date will be withdrawn from that Interest Funding sub-Account and invested in the Invested Amount of any Collateral Certificate in Asset Pool 1 pursuant to Section 3.17.

Appears in 3 contracts

Samples: Series Indenture Supplement (Capital One Master Trust), Series Indenture Supplement (Capital One Master Trust), Indenture (Capital One Master Trust)

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Withdrawals for Discount Notes. On each applicable Principal Payment Date, with respect to each Tranche tranche of Discount Notes, an amount equal to the amount of the accretion of principal of that Tranche tranche of Notes from the prior Principal Payment Date (or, in the case of the first Principal Payment Date, the date of issuance of that Tranchetranche) to but excluding the applicable Principal Payment Date will be withdrawn from that Interest Funding sub-Account and invested in the Invested Amount Investor Interest of any the Collateral Certificate in Asset Pool 1 pursuant to Section 3.17.

Appears in 3 contracts

Samples: Baseries Indenture Supplement (BA Credit Card Trust), Baseries Indenture Supplement (BA Master Credit Card Trust II), Baseries Indenture Supplement (BA Credit Card Trust)

Withdrawals for Discount Notes. On each applicable Monthly Principal Payment Date, with respect to each Tranche tranche of Discount Notes, an amount equal to the amount of the accretion of principal of that Tranche tranche of Notes from the prior Monthly Principal Payment Date (or, or in the case of the first Monthly Principal Payment Date, Date the date of issuance of that Tranchetranche) to but excluding the applicable Monthly Principal Payment Date (plus any accretions of principal from prior Due Periods for which no withdrawal was made) will be withdrawn from that Interest Funding sub-Account and invested in the Invested Amount of any Collateral Certificate in Asset Pool 1 pursuant to Section 3.17520(a).

Appears in 2 contracts

Samples: Indenture, Citibank Credit Card Issuance Trust

Withdrawals for Discount Notes. On each applicable Principal Payment Date, with respect to each Tranche of Discount Notes, an amount equal to the amount of the accretion of principal of that Tranche of Notes from the prior Principal Payment Date (or, in the case of the first Principal Payment Date, the date of issuance of that Tranche) to but excluding the applicable Principal Payment Date will be withdrawn from that Interest Funding sub-Account and invested in the Invested Amount of any Collateral Certificate in Asset Pool 1 Principal Receivables pursuant to Section 3.174.17.

Appears in 2 contracts

Samples: Indenture (WF Card Funding LLC), WF Card Issuance Trust

Withdrawals for Discount Notes. On each applicable Principal Payment Date, with respect to each Tranche tranche of Discount Notes, an amount equal to the amount of the accretion of principal of that Tranche tranche of Notes from the prior Principal Payment Date (or, in the case of the first Principal Payment Date, the date of issuance of that Tranchetranche) to but excluding the applicable Principal Payment Date will be withdrawn from that Interest Funding sub-Account and invested in the Invested Amount Investor Interest of any the Collateral Certificate in Asset Pool 1 pursuant to Section 3.17.. (d)

Appears in 1 contract

Samples: Mbna Credit Card Master Note Trust

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Withdrawals for Discount Notes. On each applicable Principal Payment Date, with respect to each Tranche tranche of Discount Notes, an amount equal to the amount of the accretion of principal of that Tranche tranche of Notes from the prior Principal Payment Date (or, in the case of the first Principal Payment Date, the date of issuance of that Tranchetranche) to but excluding the applicable Principal Payment Date will be withdrawn from that Interest Funding sub-Account sub‑Account and invested in the Invested Amount Investor Interest of any the Collateral Certificate in Asset Pool 1 pursuant to Section 3.17.

Appears in 1 contract

Samples: Indenture (BA Master Credit Card Trust II)

Withdrawals for Discount Notes. On each applicable Principal Payment Date, with respect to each Tranche of Discount Notes, an amount equal to the amount of the accretion of principal of that Tranche of Notes from the prior Principal Payment Date (or, in the case of the first Principal Payment Date, the date of issuance of that Tranche) to but excluding the applicable Principal Payment Date will be withdrawn from that Interest Funding sub-Account and invested in the Invested Amount of any Collateral Certificate in the Asset Pool 1 One pursuant to Section 3.17.

Appears in 1 contract

Samples: Indenture (Capital One Master Trust)

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