Examples of Interchange Amount in a sentence
On each Business Day, CIBC is required to transfer to the Servicer an amount in respect of Interchange Fees attributed to the Accounts which is payable to CIBC equal to the Pool Interchange Amount.
Nothing in this Agreement shall limit the ability of the Seller from time to time in its sole discretion, to voluntarily increase the Pool Interchange Amount.
On or prior to the third Business Day following the end of each Monthly Period, each Account Owner shall notify the Servicer and Chase Card Funding of the Interchange Amount, if any, which is required to be included as Finance Charge Collections with respect to the preceding Monthly Period.
Notwithstanding anything to the contrary in Section 4.1(b) of this Supplement or in the Indenture, Interchange for each Monthly Period equal to the Investor Interchange Amount shall be allocated to the Noteholders of the Series issued pursuant to this Indenture Supplement, and shall be deposited into the Finance Charge Account not later 12:00 noon, New York City time, on the Transfer Date following the related Monthly Period.
On or prior to the third Business Day following the end of each Monthly Period, each Account Owner shall notify the Servicer of the Interchange Amount, if any, which is required to be included as Asset Pool One Finance Charge Collections with respect to the preceding Monthly Period.