Examples of Chase Card Funding in a sentence
This subsection 3(a) does not constitute and is not intended to result in the creation or assumption by Chase Card Funding of any obligation of JPMCB or any other Person in connection with the Accounts or the Receivables or under any agreement or instrument relating thereto, including any obligation to Obligors, merchant banks, merchants clearance systems, VISA®, MasterCard® or insurers.
On or prior to the third Business Day following the end of each Monthly Period, JPMCB shall notify Chase Card Funding of the amount of Recoveries, in respect of Defaulted Accounts, to be included as Collections with respect to the preceding Monthly Period.
On or prior to the Addition Date, (i) JPMCB has delivered to Chase Card Funding the Assignment, and (ii) JPMCB has indicated in its computer files that the Receivables created in connection with the Additional Accounts have been transferred to Chase Card Funding.
This Agreement and the respective obligations and responsibilities of JPMCB and Chase Card Funding under this Agreement shall terminate (i) on the Chase Card Funding Termination Date or (ii) by mutual agreement of the parties, provided that such termination shall not, as evidenced by an Officer’s Certificate from JPMCB, have an Adverse Effect under and within the meaning of the Indenture.
JPMCB does hereby grant to Chase Card Funding a non-exclusive license to use the name “JPMorgan Chase Bank, National Association” and all related identifying trade or service marks, signs, symbols, logos, designs, servicing software, customer lists and other intangibles in connection with the servicing of the Receivables purchased hereunder.
To the fullest extent permitted by applicable law, JPMCB, by entering into this Agreement, agrees that it will not at any time institute against Chase Card Funding, or join in any institution against Chase Card Funding of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to this Agreement.
Upon discovery by JPMCB or the Indenture Trustee of a breach of any of the representations and warranties set forth in Section 2.03 or this Section 2.04, the party discovering such breach shall give prompt written notice to Chase Card Funding following such discovery.
With respect to such maintenance of the computer files and other records on behalf of Chase Card Funding, Chase Card Funding acknowledges and agrees that JPMCB is acting solely in the capacity of an arm’s length contractual counterparty in consideration of the mutual terms and conditions contained in this Agreement, the receipt and sufficiency of which are evidenced by the execution of this Agreement by each of Chase Card Funding and JPMCB.
Chase Card Funding shall be under no obligation whatsoever to file such financing or continuation statements or to make any other filing under the UCC in connection with such sale and assignment.
JPMCB agrees to maintain the computer files and other records of the Accounts and Receivables arising in the Accounts on behalf of Chase Card Funding in a manner consistent with the provisions in this Agreement and the Transfer and Servicing Agreement.