Companion Series definition

Companion Series means (i) each Series which has been paired with another Series (which Series may be prefunded or partially prefunded), such that the reduction of the Invested Amount or Adjusted Invested Amount of such Series results in the increase of the Invested Amount or Adjusted Invested Amount, respectively, of such other Series, as described in the related Supplements, and (ii) such other Series.

Companion Series means (i) each Series which has been paired with another Series (which Series may be prefunded or partially prefunded), such that the reduction of the Investor Interest of such Series results in the increase of the Investor Interest of such other Series, as described in the related Supplements, and (ii) such other Series.

Companion Series shall have the meaning specified in Section 5.10.

Examples of Companion Series in a sentence

• Any such prefunding account will be held for the benefit of such Companion Series and not for the benefit of Certificateholders.

• Companion Series The Series 1998-__ Certificates may be paired with one or more other Series (each a "Companion Series").

• In particular, the denominator of the Fixed Investor Percentage may be increased upon the occurrence of a Pay Out Event with respect to a Companion Series resulting in a possible reduction of the percentage of collections of Principal Receivables allocated to Series 1998-__ if such event allowed the payment of principal at such time to the Companion Series and required reliance by Series 1998-__ on clause (y) of the denominator of the Fixed Investor Percentage for Series 1998-__.

• There can be no assurance, however, that the terms of any Companion Series might not have an impact on the timing or amount of payments received by a Series 1998-__ Certificateholder.

• The issuance of a Companion Series will be subject to the conditions described under "Description of the Certificates-Exchanges" in the attached prospectus.

• In accordance with Section 5.10 of the Agreement, the Company hereby designates this Series 2003-1 as a Companion Series to the Series 1998-1 issued under the Agreement on May 1, 2001.

• Each Companion Series either will be prefunded with an initial deposit to a prefunding account in an amount up to the initial principal balance of such Companion Series, funded primarily from the proceeds for the sale of such Companion Series, or will have a variable principal amount.

More Definitions of Companion Series

Companion Series means (i) each Series which has been paired with another Series (which Series may be prefunded or partially prefunded) such that the reduction of the Investor Interest of such Series results in the increase of the Investor Interest of such other Series, as described in the related Supplements, and (ii) such other Series;

Companion Series means (i) each Series which has been paired with another Series (which Series may be prefunded or partially prefunded), such that the reduction of the outstanding principal balance of the Notes of such Series results in the increase of the outstanding principal balance of the Notes of such other Series, as described in the related Series Supplements, and (ii) such other Series.

Companion Series means (i) each Series which has been paired with another Series (which Series may be prefunded or partially prefunded), such that the reduction of the Certificateholders Ownership Interests of such Series results in the increase of the Certificateholders Ownership Interests of such other Series, as described in the related Supplements, and (ii) such other Series.

Companion Series means (i) each Series which has been paired with another Series (which Series may be prefunded or partially prefunded), such that the reduction of the Invested Amount of such Series results in the increase of the Invested Amount of such other Series, as described in the related Supplements, and (ii) such other Series. "Corporate Trust Office" shall have the meaning specified in Section 11.16. "Coupon" shall have the meaning specified in Section 6.1. "Credit Card Agreement" shall mean, with respect to a revolving credit card account, the agreements between an Account Originator and the Obligor governing the terms and conditions of such account, as such agreements may be amended, modified or otherwise changed from time to time and as distributed (including any amendments and revisions thereto) to holders of such account. "Credit Card Guidelines" shall mean, with respect to any Account and the related Receivables, the respective policies and procedures of the Account Owner (as of any date of determination, as such policies and procedures may be amended from time to time), or of the Account Originator (as of the date of origination of the Account), (a) relating to the operation of its credit card business as of such date, which generally are applicable to its portfolio of revolving credit card accounts or, in the case of an Account Owner that has only a portion of its portfolio subject to a Receivables Purchase Agreement, applicable to such portion of its portfolio, and in each case which are consistent with prudent practice, including the policies and procedures for determining the creditworthiness of credit card customers and the extension of credit to credit card customers, and (b) relating to the maintenance of credit card accounts and collection of credit card receivables. "Date of Processing" shall mean, with respect to any transaction or receipt of Collections, the date on which such transaction is first recorded on the Servicer's computer file of revolving credit card accounts (without regard to the effective date of such recordation). "Defaulted Amount" shall mean, with respect to any Monthly Period, an amount (which shall not be less than zero) equal to (a) the excess, if any, of the amount of Principal Receivables which became

Companion Series shall have the meaning specified in Section 5.10(c).