Creation and Designation Clause Samples
Creation and Designation. There is hereby created a Tranche of Class A Notes to be issued pursuant to this Terms Document, the Indenture and the Indenture Supplement to be known as the “DiscoverSeries Class A( - ) Notes.”
Creation and Designation. There is hereby created a tranche of Card Series Class A Notes to be issued pursuant to the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement to be known as the “Card Series Class A(2024-1) Notes.”
Creation and Designation. There is hereby created a Tranche of Class C Notes to be issued pursuant to this Terms Document, the Indenture and the Indenture Supplement to be known as the “DiscoverSeries Class C( - ) Notes.”
Creation and Designation. (a) An Exchange Note that is to be designated and known as the “2016-2 Exchange Note” is hereby created.
(b) The terms of the 2016-2 Exchange Note are as follows:
(i) the “Exchange Note Issuance Date” will be May 18, 2016;
(ii) the “Exchange Note Initial Principal Balance” will be $1,173,000,000;
(iii) the “Cutoff Date” will be the close of business on March 31, 2016;
(iv) the “Exchange Note Interest Rate” will be equal to 2.70%;
(v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on February 22, 2021;
(vi) the 2016-2 Exchange Note will be issued as a single class; and
(vii) the 2016-2 Exchange Note will not be rated.
Creation and Designation. There is hereby created a Tranche of Class B Notes to be issued pursuant to this Terms Document, the Indenture and the Indenture Supplement to be known as the “DiscoverSeries Class B(2020-3) Notes.”
Creation and Designation. This Indenture Supplement creates a Series of Notes to be issued by the Issuer on the Closing Date pursuant to the Indenture and this Indenture Supplement to be known as the “Series 2011-2 Asset Backed Notes” or the “Series 2011-2 Notes.”
Creation and Designation. There is hereby created a tranche of MBNAseries Class C Notes to be issued pursuant to the Indenture and the MBNAseries Indenture Supplement to be known as the "MBNAseries Class C(2002-4) Notes."
Creation and Designation. There is hereby created a Tranche of ONEseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known as the “ONEseries Class A(2002-4) Notes.”
Creation and Designation. There is hereby created an Exchange Note to be issued pursuant to the Basic Collateral Agency Agreement and this 2020-A Exchange Note Supplement to be known as the “2020-A Exchange Note”. The terms of the 2020-A Exchange Note are as follows:
(a) the 2020-A Exchange Note Issuance Date is the 2020-A Closing Date;
(b) the Exchange Note Initial Principal Balance of the 2020-A Exchange Note is $1,682,262,559.59;
Creation and Designation. (a) By this Supplement, there is created an Exchange Note to be issued under the Credit and Security Agreement and this Supplement and to be known as the “2015-A Exchange Note.”
(b) The terms of the 2015-A Exchange Note are as follows:
(i) the Exchange Note Issuance Date is April 28, 2015;
(ii) the Exchange Note Initial Principal Balance for the 2015-A Exchange Note is $1,030,927,835.05;
(iii) the Cutoff Date for the 2015-A Reference Pool is April 1, 2015;
(iv) the Exchange Note Interest Rate for the 2015-A Exchange Note is 1.79%;
(v) the Final Scheduled Payment Date for the 2015-A Exchange Note is November 15, 2019; and
(vi) the 2015-A Exchange Note will be issued as a single class.