Common use of Designation Clause in Contracts

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-4.” The Series 2017-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 shall be an Excess Allocation Series. Series 2017-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-43.” The Series 20172023-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-4 1.643 5.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-4 1.823 5.52% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-4 3 shall be an Excess Allocation Series. Series 20172023-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-4 3 shall be the June 2017 October 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-4 3 Certificates by issuing and selling additional Series 20172023-4 3 Certificates. Any additional Series 20172023-4 3 Certificates so issued shall be treated, for all purpose, like the Series 20172023-4 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-4 3 shall be a Repurchase Reporting Series. (f) Series 20172023-4 3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-4 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-43.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-43.” The Series 20172019-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-4 1.643 2.00% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-4 1.823 2.20% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172019-4 3 shall be an Excess Allocation Series. Series 20172019-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-4 3 shall be the June 2017 October 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 30, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-4 3 Certificates by issuing and selling additional Series 20172019-4 3 Certificates. Any additional Series 20172019-4 3 Certificates so issued shall be treated, for all purpose, like the Series 20172019-4 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172019-4 3 shall be a Repurchase Reporting Series. (f) Series 20172019-4 3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172019-4 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172019-43.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20172000-4L Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.646.50% Asset Backed Certificates, Series 2000-L (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates.” , Series 2000-L (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20172000-4 for all purposes of L (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20172000-4 L shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 L shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan Agreement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in Section 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-E Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20171999-4.” E (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-E (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of E (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 E shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 E shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as "American Express Credit Account Master Trust, Series 20172000-4." The Series 20172000-4 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20172000-4 1.64% Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20172000-4 1.82% Floating Rate Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20172000-4" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172000-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172000-4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172000-4 shall be an Excess Allocation Series. Series 20172000-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172000-4 shall be the June 2017 July 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date Date, and end on and include May 31July 24, 20172000. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Centurion Bank)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171999-4B Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.645.90% Asset Backed Certificates, Series 1999-B (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.826.20% Asset Backed Certificates.” , Series 1999-B (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of B (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 B shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 B shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172024-41.” The Series 20172024-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172024-4 1.641 5.23% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172024-4 1.821 5.50% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172024-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172024-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172024-4 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172024-4 1 shall be an Excess Allocation Series. Series 20172024-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172024-4 1 shall be the June 2017 May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31April 30, 20172024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172024-4 1 Certificates by issuing and selling additional Series 20172024-4 1 Certificates. Any additional Series 20172024-4 1 Certificates so issued shall be treated, for all purpose, like the Series 20172024-4 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172024-4 1 shall be a Repurchase Reporting Series. (f) Series 20172024-4 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172024-4 1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172024-41.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172024-42.” The Series 20172024-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172024-4 1.642 5.24% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172024-4 1.822 5.51% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172024-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172024-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172024-4 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172024-4 2 shall be an Excess Allocation Series. Series 20172024-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172024-4 2 shall be the June 2017 May 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31April 30, 20172024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172024-4 2 Certificates by issuing and selling additional Series 20172024-4 2 Certificates. Any additional Series 20172024-4 2 Certificates so issued shall be treated, for all purpose, like the Series 20172024-4 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172024-4 2 shall be a Repurchase Reporting Series. (f) Series 20172024-4 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172024-4 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172024-42.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-41.” The Series 20172018-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.641 2.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.821 2.82% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-4 1 shall be an Excess Allocation Series. Series 20172018-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 1 shall be the June 2017 April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May March 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20172018-4 1 Certificates by issuing and selling additional Series 20172018-4 1 Certificates. Any additional Series 20172018-4 1 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 1 shall be a Repurchase Reporting Series. (f) Series 20172018-4 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-41.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates Notes to be issued pursuant to the Agreement Indenture and this Indenture Supplement to be known as “American Express Credit Account Master Barclays Dryrock Issuance Trust, Series 20172015-42” or the “Series 2015-2 Notes.” The Series 20172015-4 Certificates 2 Notes shall be issued in two (2) Classes, the first of which shall be known as the “Class A Series 20172015-4 1.64% 2 Fixed Rate Asset Backed CertificatesNotes” and the second of which shall be known as the “Class B Series 20172015-4 1.82% 2 Fixed Rate Asset Backed CertificatesNotes.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which The Series 2015-2 Notes shall be known as due and payable on the “Collateral Interest, Series 2017-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementLegal Maturity Date. (b) The Series 20172015-4 2 Notes shall be secured by the Collateral. For the avoidance of doubt, the parties agree that the payment of principal and interest on the Series 2015-2 Notes shall be primarily based on the performance of the Receivables and, except for interest rate or currency mismatches between the Receivables and the Series 2015-2 Notes, shall not be contingent on market or credit events that are independent of such financial assets. (c) Series 2015-2 shall be a Shared Excess Available Finance Charge Collections Series and shall be included in Shared Excess Available Finance Charge Collections Group I One. Series 2015-2 shall be a Shared Excess Available Principal Collections Series and shall be a included in Shared Excess Available Principal Sharing SeriesCollections Group One. Other than as specified in this Section 2.01(c), Series 20172015-4 2 shall not be an Excess Allocation Series. in any other Group. (d) Series 20172015-4 2 shall not be subordinated to any other Series. Series of Notes. (e) Notwithstanding any provision in the Agreement Indenture or in this Indenture Supplement to the contrary, the first Distribution Payment Date with respect to Series 20172015-4 2 shall be the June 2017 Distribution Date July 2015 Payment Date, and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31June 30, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series2015. (f) The Series 20172015-4 2 Notes shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect predominantly sold to any Rating Agency an affiliate (other than Standard & Poor’sa wholly-owned subsidiary consolidated for accounting and capital purposes with BBD) then rating Series 2017-4or insider of BBD.

Appears in 2 contracts

Sources: Indenture Supplements (Barclays Dryrock Issuance Trust), Indenture Supplement (Barclays Dryrock Issuance Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two Classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171997-41 Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.646.15% Asset Backed Certificates, Series 1997-1 (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.826.35% Asset Backed Certificates.” , Series 1997-1 (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2, respectively. In addition, there is hereby created a third Class of which constitutes an uncertificated interests interest in the Trust which shall be known as the “Collateral InterestTrust, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of Series Supplement, except as expressly provided herein, and shall be known as the definition of Collateral Interest, Series 1997-1 and have the term “Tax Opinion” in Section 1.01 of rights assigned to the Agreement. The Collateral Interest shall be considered a Class of in this Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20171997-4 1 shall be included in Group I and I, which shall be a Reallocation Group in which all Series shall also be Excess Allocation Series. Series 1997-1 shall be a Principal Sharing Series. Series 20171997-4 shall be an Excess Allocation Series. Series 2017-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan Agreement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (First National Bank of Commerce), Pooling and Servicing Agreement (First National Bank of Commerce)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-42.” The Series 20172018-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.642 3.01% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.822 3.18% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-4 2 shall be an Excess Allocation Series. Series 20172018-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 2 shall be the June 2017 April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May March 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20172018-4 2 Certificates by issuing and selling additional Series 20172018-4 2 Certificates. Any additional Series 20172018-4 2 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 2 shall be a Repurchase Reporting Series. (f) Series 20172018-4 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-42.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-41.” The Series 2017-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.641 1.93% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.821 2.10% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 1 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 1 shall be an Excess Allocation Series. Series 2017-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 1 shall be the June March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31February 28, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 1 Certificates by issuing and selling additional Series 2017-4 1 Certificates. Any additional Series 2017-4 1 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 1 shall be a Repurchase Reporting Series. (f) Series 2017-4 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 2017-41.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-43.” The Series 20172025-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-4 1.643 4.51% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-4 1.823 4.83% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-4 3 shall be an Excess Allocation Series. Series 20172025-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172025-4 3 shall be the June 2017 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-4 3 Certificates by issuing and selling additional Series 20172025-4 3 Certificates. Any additional Series 20172025-4 3 Certificates so issued shall be treated, for all purpose, like the Series 20172025-4 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-4 3 shall be a Repurchase Reporting Series. (f) Series 20172025-4 3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-4 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-43.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-42.” The Series 20172023-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-4 1.642 4.80% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-4 1.822 5.12% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-4 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-4 2 shall be an Excess Allocation Series. Series 20172023-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-4 2 shall be the June 2017 July 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31June 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-4 2 Certificates by issuing and selling additional Series 20172023-4 2 Certificates. Any additional Series 20172023-4 2 Certificates so issued shall be treated, for all purpose, like the Series 20172023-4 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-4 2 shall be a Repurchase Reporting Series. . (f) Series 20172023-4 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-4 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-42.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-4.” The Series 20172018-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.642.99% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.823.18% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-4 shall be an Excess Allocation Series. Series 20172018-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 shall be the June 2017 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-4 Certificates by issuing and selling additional Series 20172018-4 Certificates. Any additional Series 20172018-4 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 shall be a Repurchase Reporting Series. (f) Series 20172018-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express the "National City Credit Account Card Master Trust, Series 20172000-41." The Series 20172000-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.64% Floating Rate Asset Backed Certificates, Series 2000-1" and the second of which shall be known as the "Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates, Series 2000-1." The Class A Certificates and the Class B Certificates shall be substantially in the form of EXHIBITS A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer Certificate" for all purposes under the Agreement and this Supplement, except as expressly provided herein, and which shall be known as the Collateral Interest, Series 2000-1 (the "COLLATERAL INTEREST"). (b) Series 20172000-4 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article ARTICLE VI and Article ARTICLE XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in SECTION 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in SECTION 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section SECTION 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant Notwithstanding any provision in the Agreement or in this Supplement to Section 6.03(c) of the Agreementcontrary, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 first Distribution Date with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172000-41 shall be the October 2000 Distribution Date and the first Monthly Period shall be the period from the Closing Date until September 30, 2000.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (National City Credit Card Master Trust), Pooling and Servicing Agreement (National City Credit Card Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171999-4I Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.646.40% Asset Backed Certificates, Series 1999-I (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.826.70% Asset Backed Certificates.” , Series 1999-I (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of I (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 I shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 I shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-49.” The Series 20172018-4 9 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.64% 9 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.82% 9 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-49” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 9 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 9 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-4 9 shall be an Excess Allocation Series. Series 20172018-4 9 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 9 shall be the June 2017 October 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 30, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-4 9 Certificates by issuing and selling additional Series 20172018-4 9 Certificates. Any additional Series 20172018-4 9 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 9 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 9 shall be a Repurchase Reporting Series. (f) Series 20172018-4 9 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 9 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-49.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-41.” The Series 20172023-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-4 1.641 4.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-4 1.821 5.12% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-4 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-4 1 shall be an Excess Allocation Series. Series 20172023-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-4 1 shall be the June 2017 July 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31June 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-4 1 Certificates by issuing and selling additional Series 20172023-4 1 Certificates. Any additional Series 20172023-4 1 Certificates so issued shall be treated, for all purpose, like the Series 20172023-4 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-4 1 shall be a Repurchase Reporting Series. (f) Series 20172023-4 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-4 1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-41.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171999-4M Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.646.60% Asset Backed Certificates, Series 1999-M (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.826.80% Asset Backed Certificates.” , Series 1999-M (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of M (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 M shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 M shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-45.” The Series 20172018-4 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.64% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.82% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-45” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-4 5 shall be an Excess Allocation Series. Series 20172018-4 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 5 shall be the June 2017 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-4 5 Certificates by issuing and selling additional Series 20172018-4 5 Certificates. Any additional Series 20172018-4 5 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 5 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 5 shall be a Repurchase Reporting Series. (f) Series 20172018-4 5 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-45.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-48.” The Series 20172018-4 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.648 3.18% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.828 3.35% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-48” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 8 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 8 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-4 8 shall be an Excess Allocation Series. Series 20172018-4 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 8 shall be the June 2017 October 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 30, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-4 8 Certificates by issuing and selling additional Series 20172018-4 8 Certificates. Any additional Series 20172018-4 8 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 8 shall be a Repurchase Reporting Series. (f) Series 20172018-4 8 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 8 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172018-48.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20172000-4E Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.647.80% Asset Backed Certificates, Series 2000-E (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.828.15% Asset Backed Certificates.” , Series 2000-E (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20172000-4 for all purposes of E (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20172000-4 E shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 E shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172022-4.” The Series 20172022-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172022-4 1.644.95% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172022-4 1.825.23% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172022-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172022-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172022-4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172022-4 shall be an Excess Allocation Series. Series 20172022-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172022-4 shall be the June 2017 December 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May November 31, 20172022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172022-4 Certificates by issuing and selling additional Series 20172022-4 Certificates. Any additional Series 20172022-4 Certificates so issued shall be treated, for all purpose, like the Series 20172022-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172022-4 shall be a Repurchase Reporting Series. (f) Series 20172022-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172022-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172022-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172024-43.” The Series 20172024-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172024-4 1.643 4.65% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172024-4 1.823 5.08% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172024-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172024-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172024-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172024-4 3 shall be an Excess Allocation Series. Series 20172024-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172024-4 3 shall be the June 2017 August 2024 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May July 31, 20172024. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172024-4 3 Certificates by issuing and selling additional Series 20172024-4 3 Certificates. Any additional Series 20172024-4 3 Certificates so issued shall be treated, for all purpose, like the Series 20172024-4 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172024-4 3 shall be a Repurchase Reporting Series. (f) Series 20172024-4 3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172024-4 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172024-43.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172021-41.” The Series 20172021-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172021-4 1.641 0.90% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172021-4 1.821 1.10% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172021-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172021-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172021-4 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172021-4 1 shall be an Excess Allocation Series. Series 20172021-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172021-4 1 shall be the June 2017 December 2021 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31November 30, 20172021. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172021-4 1 Certificates by issuing and selling additional Series 20172021-4 1 Certificates. Any additional Series 20172021-4 1 Certificates so issued shall be treated, for all purpose, like the Series 20172021-4 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172021-4 1 shall be a Repurchase Reporting Series. (f) Series 20172021-4 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172021-4 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172021-41.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171999-4G Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.646.35% Asset Backed Certificates, Series 1999-G (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.826.60% Asset Backed Certificates.” , Series 1999-G (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of G (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 G shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 G shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-42.” The Series 2017-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.64% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 2017-4 2 shall be an Excess Allocation Series. Series 2017-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 2 shall be the June March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31February 28, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 2 Certificates by issuing and selling additional Series 2017-4 2 Certificates. Any additional Series 2017-4 2 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 2 shall be a Repurchase Reporting Series. (f) Series 2017-4 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 2 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 2017-42.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172022-43.” The Series 20172022-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172022-4 1.643 3.75% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172022-4 1.823 4.07% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172022-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172022-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172022-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172022-4 3 shall be an Excess Allocation Series. Series 20172022-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172022-4 3 shall be the June 2017 September 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May August 31, 20172022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172022-4 3 Certificates by issuing and selling additional Series 20172022-4 3 Certificates. Any additional Series 20172022-4 3 Certificates so issued shall be treated, for all purpose, like the Series 20172022-4 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172022-4 3 shall be a Repurchase Reporting Series. (f) Series 20172022-4 3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172022-4 3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172022-43.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series consisting of an Investor Certificates Certificate to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20172002-4CC." The Series 20172002-4 Certificates shall be issued in two Classes, the first of which CC Certificate shall be known as the “Class A Series 2017-4 1.64% "Asset Backed Certificates” Certificate, Series 2002-CC." The Series 2002-CC Certificate shall constitute a "security" within the meaning of (i) Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the State of New York and (ii) the Uniform Commercial Code of any other applicable jurisdiction that presently or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the second National Conference of which shall be known as Commissioners on Uniform State Laws and approved by the “Class B Series 2017-4 1.82% Asset Backed Certificates.” In additionAmerican Bar Association on February 14, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement1995. (b) Series 20172002-4 CC shall be included in Group I One and shall be a Principal Sharing Series. Series 20172002-4 shall be an Excess Allocation Series. Series 2017-4 CC shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172002-4 CC shall be the June 2017 November 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) This Supplement is the Series 2002-CC Supplement referred to in the Transfer and Administration Agreement, dated as of October 9, 2002, among Capital One Multi-asset Execution Trust, as issuer, the Transferor, as transferor, Capital One Bank, as administrator, and The Bank of New York, as indenture trustee. (e) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest Series 2002-CC Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends and, and together with the Collateral Interest HolderSeries 2002-CC Certificateholder, agree agrees to treat the Collateral Interest Series 2002-CC Certificate for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-H Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20171999-4.” H (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-H (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of H (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 H shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 H shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express the "National City Credit Account Card Master Trust, Series 20172001-41." The Series 20172001-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.64% Floating Rate Asset Backed Certificates, Series 2001-1" and the second of which shall be known as the "Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates, Series 2001-1." The Class A Certificates and the Class B Certificates shall be substantially in the form of EXHIBITS A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer Certificate" for all purposes under the Agreement and this Supplement, except as expressly provided herein, and which shall be known as the Collateral Interest, Series 2001-1 (the "COLLATERAL INTEREST"). (b) Series 20172001-4 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172001-4 shall be an Excess Allocation Series. Series 2017-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article ARTICLE VI and Article ARTICLE XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in clauses (a) and (c) of the definition of Tax Opinion in SECTION 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section SECTION 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant Notwithstanding any provision in the Agreement or in this Supplement to Section 6.03(c) of the Agreementcontrary, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 first Distribution Date with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172001-41 shall be the March 2001 Distribution Date and the first Monthly Period shall be the period from the Closing Date until February 28, 2001.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (National City Credit Card Master Trust), Pooling and Servicing Agreement (National City Credit Card Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-D Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20171999-4.” The Series 2017-4 Certificates shall be issued in two Classes, D (the first of which shall be known as the “"Class A Series 2017-4 1.64Certificates") and the Class B 6.50% Asset Backed Certificates, Series 1999-D (the "Class B Certificates"). The Class A Certificates and the second of which Class B Certificates shall be known as substantially in the “Class B Series 2017-4 1.82% Asset Backed Certificates.” form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of D (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 D shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 D shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-41.” The Series 20172025-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-4 1.641 4.56% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-4 1.821 4.96% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-4 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-4 1 shall be an Excess Allocation Series. Series 20172025-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172025-4 1 shall be the June 2017 March 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31February 28, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-4 1 Certificates by issuing and selling additional Series 20172025-4 1 Certificates. Any additional Series 20172025-4 1 Certificates so issued shall be treated, for all purpose, like the Series 20172025-4 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-4 1 shall be a Repurchase Reporting Series. (f) Series 20172025-4 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-4 1 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-41.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-41.” The Series 20172019-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-4 1.641 2.87% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-4 1.821 3.07% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-4 1 shall be included in Group I and shall be a Principal Sharing Series. Series 20172019-4 1 shall be an Excess Allocation Series. Series 20172019-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-4 1 shall be the June 2017 March 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31February 28, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-4 1 Certificates by issuing and selling additional Series 20172019-4 1 Certificates. Any additional Series 20172019-4 1 Certificates so issued shall be treated, for all purpose, like the Series 20172019-4 1 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172019-4 1 shall be a Repurchase Reporting Series. (f) Series 20172019-4 1 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172019-4 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172019-41.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20172000-4A Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.647.35% Asset Backed Certificates, Series 2000-A (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.827.55% Asset Backed Certificates.” , Series 2000-A (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20172000-4 for all purposes of A (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20172000-4 A shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 A shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171998-4D Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.645.80% Asset Backed Certificates, Series 1998-D (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates.” , Series 1998-D (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171998-4 for all purposes of D (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171998-4 D shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171998-4 shall be an Excess Allocation Series. Series 2017-4 D shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series consisting of an Investor Certificates Certificate to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Capital One Master Trust, Series 20172002-4CC.” The Series 20172002-4 Certificates shall be issued in two Classes, the first of which CC Certificate shall be known as the “Class A Series 2017-4 1.64% Asset Backed CertificatesCertificate, Series 2002-CC.The Series 2002-CC Certificate shall constitute a “security” within the meaning of (i) Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the State of New York and (ii) the Uniform Commercial Code of any other applicable jurisdiction that presently or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the second National Conference of which shall be known as Commissioners on Uniform State Laws and approved by the “Class B Series 2017-4 1.82% Asset Backed Certificates.” In additionAmerican Bar Association on February 14, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement1995. (b) Series 20172002-4 CC shall be included in Group I One and shall be a Principal Sharing Series. Series 20172002-4 shall be an Excess Allocation Series. Series 2017-4 CC shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172002-4 CC shall be the June 2017 November 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) This Supplement is the Series 2002-CC Supplement referred to in the Transfer and Administration Agreement, dated as of October 9, 2002, among Capital One Multi-asset Execution Trust, as issuer, the Transferor, as transferor, Capital One Bank (USA), National Association, as administrator, and The Bank of New York Mellon, as indenture trustee. (e) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest Series 2002-CC Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends and, and together with the Collateral Interest HolderSeries 2002-CC Certificateholder, agree agrees to treat the Collateral Interest Series 2002-CC Certificate for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20171998-4.” 1". The Series 20171998-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.646.310% Asset Backed Certificates, Series 1998-1" and the second of which shall be known as the "Class B Series 2017-4 1.826.356% Asset Backed Certificates.” , Series 1998-1". In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a known as the "Floating Rate Class of C Asset Backed Interests, Series 20171998-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement1". (b) Series 20171998-4 1 shall be included in Group I One and shall be a Principal Sharing Series and a Subordinated Excess Principal Series. Series 20171998-4 shall be an Excess Allocation Series. Series 2017-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171998-4 1 shall be the June 2017 May 1998 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Class C Interest Holders, as holders of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement (including the Class C Supplemental Agreement). Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) Class C Interests. The Class C Interests shall be deemed to arise upon the provisions of Section 3.07 payment of the Agreement shall not cause amounts due on the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject Closing Date pursuant to the terms of the Agreement and this SupplementClass C Purchase Agreement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Financial Corp)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171999-4J Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.647.00% Asset Backed Certificates, Series 1999-J (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.827.40% Asset Backed Certificates.” , Series 1999-J (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of J (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 J shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 J shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-42.” The Series 20172019-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-4 1.642 2.67% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-4 1.822 2.86% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-4 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172019-4 2 shall be an Excess Allocation Series. Series 20172019-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-4 2 shall be the June 2017 May 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31April 30, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-4 2 Certificates by issuing and selling additional Series 20172019-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.2

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-43.” The Series 2017-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.643 1.77% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.823 1.92% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 3 shall be an Excess Allocation Series. Series 2017-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 3 shall be the June March 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31April 30, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 3 Certificates by issuing and selling additional Series 2017-4 3 Certificates. Any additional Series 2017-4 3 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 3 shall be a Repurchase Reporting Series. (f) Series 2017-4 3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-43.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-43.” The Series 20172018-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.64% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.82% 3 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-4 3 shall be an Excess Allocation Series. Series 20172018-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 3 shall be the June 2017 April 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May March 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 20172018-4 3 Certificates by issuing and selling additional Series 20172018-4 3 Certificates. Any additional Series 20172018-4 3 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 3 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 3 shall be a Repurchase Reporting Series. (f) Series 20172018-4 3 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-43.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-48.” The Series 2017-4 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.64% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% 8 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-48” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 8 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 2017-4 8 shall be an Excess Allocation Series. Series 2017-4 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 8 shall be the June November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May October 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 8 Certificates by issuing and selling additional Series 2017-4 8 Certificates. Any additional Series 2017-4 8 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 8 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 8 shall be a Repurchase Reporting Series. (f) Series 2017-4 8 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 8 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-48.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172019-4.” The Series 20172019-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172019-4 1.64% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172019-4 1.82% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172019-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172019-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172019-4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172019-4 shall be an Excess Allocation Series. Series 20172019-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172019-4 shall be the June 2017 October 2019 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 30, 20172019. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172019-4 Certificates by issuing and selling additional Series 20172019-4 Certificates. Any additional Series 20172019-4 Certificates so issued shall be treated, for all purpose, like the Series 20172019-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172019-4 shall be a Repurchase Reporting Series. (f) Series 20172019-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172019-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172019-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172022-42.” The Series 20172022-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172022-4 1.642 3.39% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172022-4 1.822 3.61% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172022-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172022-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172022-4 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172022-4 2 shall be an Excess Allocation Series. Series 20172022-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172022-4 2 shall be the June 2017 2022 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 20172022. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172022-4 2 Certificates by issuing and selling additional Series 20172022-4 2 Certificates. Any additional Series 20172022-4 2 Certificates so issued shall be treated, for all purpose, like the Series 20172022-4 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172022-4 2 shall be a Repurchase Reporting Series. (f) Series 20172022-4 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172022-4 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172022-42.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-47.” The Series 20172018-4 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.64% 7 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.82% 7 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-47” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 7 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 7 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172018-4 7 shall be an Excess Allocation Series. Series 20172018-4 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 7 shall be the June 2017 August 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May July 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-4 7 Certificates by issuing and selling additional Series 20172018-4 7 Certificates. Any additional Series 20172018-4 7 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 7 shall be a Repurchase Reporting Series. (f) Series 20172018-4 7 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 7 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-47.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-42.” The Series 20172025-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-4 1.642 4.28% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-4 1.822 4.59% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-4 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-4 2 shall be an Excess Allocation Series. Series 20172025-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172025-4 2 shall be the June 2017 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-4 2 Certificates by issuing and selling additional Series 20172025-4 2 Certificates. Any additional Series 20172025-4 2 Certificates so issued shall be treated, for all purpose, like the Series 20172025-4 2 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-4 2 shall be a Repurchase Reporting Series. . (f) Series 20172025-4 2 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-4 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-42.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-47.” The Series 2017-4 7 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.647 2.35% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.827 2.54% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-47” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 7 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 7 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 7 shall be an Excess Allocation Series. Series 2017-4 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 7 shall be the June November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May October 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 7 Certificates by issuing and selling additional Series 2017-4 7 Certificates. Any additional Series 2017-4 7 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 7 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 7 shall be a Repurchase Reporting Series. (f) Series 2017-4 7 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 7 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-47.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172018-46.” The Series 20172018-4 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172018-4 1.646 3.06% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172018-4 1.826 3.25% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172018-46” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172018-4 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172018-4 6 shall be included in Group I and shall be a Principal Sharing Series. Series 20172018-4 6 shall be an Excess Allocation Series. Series 20172018-4 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172018-4 6 shall be the June 2017 August 2018 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May July 31, 20172018. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172018-4 6 Certificates by issuing and selling additional Series 20172018-4 6 Certificates. Any additional Series 20172018-4 6 Certificates so issued shall be treated, for all purpose, like the Series 20172018-4 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172018-4 6 shall be a Repurchase Reporting Series. (f) Series 20172018-4 6 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172018-4 6 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172018-46.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-46.” The Series 2017-4 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.646 2.04% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.826 2.20% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-46” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 6 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 6 shall be an Excess Allocation Series. Series 2017-4 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 6 shall be the June November 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May October 31, 2017. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 6 Certificates by issuing and selling additional Series 2017-4 6 Certificates. Any additional Series 2017-4 6 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 6 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 6 shall be a Repurchase Reporting Series. (f) Series 2017-4 6 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 6 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-46.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20172000-4I Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.646.90% Asset Backed Certificates, Series 2000-I (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.827.15% Asset Backed Certificates.” , Series 2000-I (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20172000-4 for all purposes of I (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20172000-4 I shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 I shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172023-4.” The Series 20172023-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172023-4 1.645.15% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172023-4 1.825.46% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172023-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172023-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172023-4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172023-4 shall be an Excess Allocation Series. Series 20172023-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172023-4 shall be the June 2017 October 2023 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 30, 20172023. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172023-4 Certificates by issuing and selling additional Series 20172023-4 Certificates. Any additional Series 20172023-4 Certificates so issued shall be treated, for all purpose, like the Series 20172023-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172023-4 shall be a Repurchase Reporting Series. . (f) Series 20172023-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172023-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172023-4.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171997-45 Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, designated the first of which shall be known as the “Class A Series 2017-4 1.646.194% Asset Backed Certificates, Series 1997-5 (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.826.388% Asset Backed Certificates.” , Series 1997-5 (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171997-4 for all purposes of 5 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171997-4 5 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171997-4 shall be an Excess Allocation Series. Series 2017-4 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan Agreement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferors intend, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Supplement (Chase Manhattan Bank Usa)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trust, the "Series 20171998-43 Certificates." The Series 2017-4 Certificates two classes shall be issued in two Classes, desig nated the first of which shall be known as the “Class A Series 2017-4 1.646.00% Asset Backed Certificates, Series 1998-3 (the "Class A Certificates") and the second of which shall be known as the “Class B Series 2017-4 1.826.15% Asset Backed Certificates.” , Series 1998-3 (the "Class B Certificates"). The Class A Certificates and the Class B Certificates shall be substantially in the form of Exhibits A-1 and A-2 hereto, respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171998-4 for all purposes of 3 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171998-4 3 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171998-4 shall be an Excess Allocation Series. Series 2017-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan Agreement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferors intend, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20171999-4.” C." The Series 2017-4 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the "Class A Series 2017-4 1.646.90% Asset Backed Certificates, Series 1999-C," and the second of which Class shall be known as the "Class B Series 2017-4 1.827.20% Asset Backed Certificates.” , Series 1999-C." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20171999-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. C." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 1999-C. (b) Series 20171999-4 C shall be included in Group I and One. Series 1999-C shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 C shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171999-4 C shall be the June 2017 December 15, 1999 Distribution Date, and references herein to the Monthly Period relating to the December 15, 1999 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include May 31, 2017of November 1999. (cd) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Bank National Association /Ri/)

Designation. (a) There is hereby created a Series of Investor ----------- Certificates to be issued pursuant to the Agreement and this Series Supplement to be known generally as “American Express Credit Account Master Trust, the "Series 20171999-4A Certificates." The Series 20171999-4 A -------------------------- Certificates shall be issued in two ClassesClasses which shall be designated generally as (i) the Class A Variable Funding Asset Backed Certificates, Series 1999-A (the first of "Class A Certificates") and (ii) the Class B Variable Funding Asset Backed -------------------- Certificates, Series 1999-A (the "Class B Certificates"). In addition, there is -------------------- hereby created a third Class which constitutes an uncertificated interest in the Trust, which shall be deemed to be an "Investor Certificate" for all purposes -------------------- under the Agreement and this Series Supplement, except as expressly provided herein, and which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20171999-4” and which shall be deemed A, with such rights as are assigned to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of in this Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 The Collateral Interest Holder, as holder of an "Investor Certificate" -------------------- under the Agreement, shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 shall be an Excess Allocation Series. Series 2017-4 shall not be subordinated entitled to any other Series. Notwithstanding any provision in the benefits of the Agreement or in and this Series Supplement to upon payment by the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin Collateral Interest Holder of amounts owing on and include the Closing Date and end on and include May 31pursuant to the Loan Agreement. Notwithstanding the foregoing, 2017. (c) Except except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (iithe requirement of subsection 6.09(b) with respect to the provisions delivery of Section 3.07 an Opinion of Counsel that the Agreement shall not cause the Collateral Interest to Investor Certificates be treated as debt for federal, state and local Federal income and franchise tax purposes, but rather the Transferors intend, and together with purposes will not be applicable to the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustInterest. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Providian Master Trust, Asset Backed Certificates, Series 20171997-4.” The " Series 20171997-4 Certificates shall be issued in two Classesconsist of three Classes of Investor Certificates, the first of which shall be in certificated form and shall be known as the “"Providian Master Trust, 6.25% Class A Series 2017Asset-4 1.64% Asset Backed Certificates” and , Series 1997-4" (the "Class A Certificates"), the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which certificated form and shall be known as "Providian Master Trust, 6.45% Class B Asset Backed Certificates, Series 1997-4" (the "Class B Certificates") and the third of which shall be in uncertificated form and shall be known as "Providian Master Trust, Collateral Interest, Series 20171997-4” and which " (the "Collateral Interest"). In connection with the issuance of the Collateral Interest, the Trustee is hereby directed to enter into the Collateral Agreement. (b) Series 1997-4 shall be deemed included in Group One. Notwithstanding any other provision to the contrary in the Agreement or in this Supplement, the first Distribution Date with respect to Series 1997-4 shall be the December 1997 Distribution Date. (c) The Class A Certificates and the Class B Certificates are "Investor Certificates" and the Class A Certificateholders and the Class B Certificateholders are "Investor Certificateholders" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the AgreementSupplement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of deemed to be an "Investor Certificate" and the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be an "Investor Certificateholder" for all purposes under the Agreement and this Supplement, except where expressly stated to the contrary. The Class A Certificates, the Class B Certificates and the Collateral Interest together shall constitute the "Certificateholders' Interest" with respect to Series Enhancer 1997-4 for all purposes under the Agreement and this Supplement. (bd) Series 2017-4 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 shall be an Excess Allocation Series. Series 2017-4 shall not be subordinated to In the event that any other Series. Notwithstanding any term or provision contained herein or in the Collateral Agreement shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement to or the contraryCollateral Agreement, as the first Distribution Date with respect to Series 2017-4 case may be, shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017govern. (ce) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates contained in Article VI and Article XII of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Providian National Bank)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20172001-46." The Series 20172001-4 6 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.64% Floating Rate Asset Backed Certificates, Series 2001-6" and the second of which shall be known as the "Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates, Series 2001-6." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20172001-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement6." (b) Series 20172001-4 6 shall be included in Group I One and shall be a Principal Sharing Series. Series 20172001-4 shall be an Excess Allocation Series. Series 2017-4 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172001-4 6 shall be the June 2017 October 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-43.” The Series 20172012-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-4 1.64% 3 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-4 1.82% 3 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-4 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172012-4 3 shall be an Excess Allocation Series. Series 20172012-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-4 3 shall be the June 2017 September 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31August 25, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-4 3 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-4.3

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 2017-420[__]-[_].” The Series 2017-4 20[__]-[_] Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 2017-4 1.64% 20[__]-[_] [Floating Rate][___]% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% 20[__]-[_] [Floating Rate][___]% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 2017-420[__]-[_]” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 20[__]-[_] for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 2017-4 20[__]-[_] shall be included in Group I [I][II] and shall be a Principal Sharing Series. Series 2017-4 20[__]-[_] shall be an Excess Allocation Series. Series 2017-4 20[__]-[_] shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 20[__]-[_] shall be the June 2017 December 2021 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31[______] [__], 201720[__]. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 2017-4 20[__]-[_] Certificates by issuing and selling additional Series 2017-4 20[__]-[_] Certificates. Any additional Series 2017-4 20[__]-[_] Certificates so issued shall be treated, for all purpose, like the Series 2017-4 20[__]-[_] Certificates subject to the terms of the Agreement and this Supplement. (e) [Series 2017-4 20[__]-[_] shall be a Repurchase Reporting Series.] (f) [Series 2017-4 20[__]-[_] shall be an Investor Communication Reporting Series.] (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 20[__]-[_] with respect to any Rating Agency (other than Standard & Poor’s[__]) then rating Series 2017-420[__]-[_].

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-4.” The Series 20172012-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-4 1.64% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-4 1.82% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172012-4 shall be an Excess Allocation Series. Series 20172012-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-4 shall be the June 2017 December 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31November 24, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series ----------- of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1997-1 Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20171997-4.” 1 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1997-1 (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171997-4 for all purposes of 1 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171997-4 1 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171997-4 shall be an Excess Allocation Series. Series 2017-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan Agreement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Coun- sel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferors intend, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Supplement to Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-K Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20172000-4.” K (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-K (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20172000-4 for all purposes of K (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20172000-4 K shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 K shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-43.” The Series 20172014-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-4 1.643 1.49% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-4 1.823 1.73% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172014-4 3 shall be an Excess Allocation Series. Series 20172014-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-4 3 shall be the June 2017 October 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 24, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-E Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20171998-4.” E (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-E (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171998-4 for all purposes of E (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171998-4 E shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171998-4 shall be an Excess Allocation Series. Series 2017-4 E shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Series Supplement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-A Certificates." The two classes shall be designated the Class A Floating Rate Asset-Backed Certificates, Series 20171999-4.” A (the "Class A Certificates") and the Class B Floating Rate Asset- Backed Certificates, Series 1999-A (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of which constitutes an uncertificated interests interest in the Trust which shall be known as the “Collateral InterestTrust, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” Series Supplement, except as expressly provided in Section 1.01 1(c) of this Series Supplement, and shall be designated as the AgreementClass C Floating Rate Asset-Backed Interests, Series 1999-A (the "Class C Interests") and have the rights assigned to the Class C Interests in this Series Supplement. The Collateral Class C Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder Holders shall be deemed to be the Series Enhancer "Investor Holders" for all purposes under the Agreement and this Series Supplement, except as expressly provided in Section 1(c) of this Series Supplement. (b) Series 20171999-4 A shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 A shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Class C Interest Holders, as holders of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (World Financial Network National Bank)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-45.” The Series 20172014-4 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-4 1.64% 5 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-4 1.82% 5 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-45” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-4 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-4 5 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172014-4 5 shall be an Excess Allocation Series. Series 20172014-4 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-4 5 shall be the June 2017 December 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31November 24, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172014-41.” The Series 20172014-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172014-4 1.64% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172014-4 1.82% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172014-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172014-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172014-4 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172014-4 1 shall be an Excess Allocation Series. Series 20172014-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172014-4 1 shall be the June 2017 2014 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 3125, 20172014. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172014-4 1 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172014-41.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as "American Express Credit Account Master Trust, Series 20171999-43." The Series 20171999-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 20171999-4 1.64% 3 Floating Rate Asset Backed Certificates" and the second of which shall be known as the "Class B Series 20171999-4 1.82% 3 Floating Rate Asset Backed Certificates." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the "Collateral Interest, Series 20171999-4” 3" and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term "Tax Opinion" in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20171999-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20171999-4 3 shall be included in Group I II and shall be a Principal Sharing Series. Series 20171999-4 3 shall be an Excess Allocation Series. Series 20171999-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171999-4 3 shall be the June 2017 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date May 19, 1999, and end on and include May 3125, 20171999. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20172002-43." The Series 20172002-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.64% Floating Rate Asset Backed Certificates, Series 2002-3" and the second of which shall be known as the "Class B Series 2017-4 1.824.55% Asset Backed Certificates, Series 2002-3." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20172002-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement3." (b) Series 20172002-4 3 shall be included in Group I One and shall be a Principal Sharing Series. Series 20172002-4 shall be an Excess Allocation Series. Series 2017-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172002-4 3 shall be the June 2017 2002 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20172000-42." The Series 20172000-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.647.20% Asset Backed Certificates, Series 2000-2" and the second of which shall be known as the "Class B Series 2017-4 1.827.35% Asset Backed Certificates, Series 2000-2." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20172000-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement2." (b) Series 20172000-4 2 shall be included in Group I One and shall be a Principal Sharing Series. Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172000-4 2 shall be the June 2017 August 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Supplement to Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-F Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20172000-4.” F (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-F (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20172000-4 for all purposes of F (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20172000-4 F shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 F shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-45.” The Series 20172012-4 5 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-4 1.645 0.59% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-4 1.825 0.77% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-45” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-4 5 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-4 5 shall be included in Group I and shall be a Principal Sharing Series. Series 20172012-4 5 shall be an Excess Allocation Series. Series 20172012-4 5 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-4 5 shall be the June 2017 December 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31November 24, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-4 5 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-45.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20172002-4.” A." The Series 2017-4 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the "Class A Series 2017Floating Rate Asset-4 1.64% Asset Backed Certificates, Series 2002-A," and the second of which Class shall be known as the "Class B Series 2017Floating Rate Asset-4 1.82% Asset Backed Certificates.” , Series 2002-A." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20172002-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. A." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2002-A. (b) Series 20172002-4 A shall be included in Group I and One. Series 2002-A shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20172002-4 shall be an Excess Allocation Series. Series 2017-4 A shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172002-4 A shall be the June 2017 July 2002 Distribution Date, and references herein to the Monthly Period relating to the July 2002 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include May 31, 2017of June 2002. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20171999-4.” 3". The Series 20171999-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.64% Floating Rate Asset Backed Certificates, Series 1999-3" and the second of which shall be known as the "Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates, Series 1999-3." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20171999-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement3." (b) Series 20171999-4 3 shall be included in Group I One and shall be a Principal Sharing Series. Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171999-4 3 shall be the June 2017 August 1999 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172013-43.” The Series 20172013-4 3 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172013-4 1.643 0.98% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172013-4 1.823 1.28% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172013-43” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172013-4 3 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172013-4 3 shall be included in Group I and shall be a Principal Sharing Series. Series 20172013-4 3 shall be an Excess Allocation Series. Series 20172013-4 3 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172013-4 3 shall be the June 2017 December 2013 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31November 24, 20172013. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172013-4 3 with respect to any Rating Agency (other than Standard & PoorMoody’s) then rating Series 20172013-43.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-F Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20171998-4.” F (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-F (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171998-4 for all purposes of F (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171998-4 F shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171998-4 shall be an Excess Allocation Series. Series 2017-4 F shall not be subordinated to any other Series. Notwithstanding any provision in . (a) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement or in and this Series Supplement to upon payment by the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin Collateral Interest Holder of amounts owing on and include the Closing Date as agreed to by the Seller and end on and include May 31the Collateral Interest Holder. Notwithstanding the foregoing, 2017. (c) Except except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-48.” The Series 20172008-4 8 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-4 1.64% 8 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-4 1.82% 8 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-48” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-4 8 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-4 8 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-4 8 shall be an Excess Allocation Series. Series 20172008-4 8 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-4 8 shall be the June 2017 October 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172011-41.” The Series 20172011-4 1 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172011-4 1.64% 1 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172011-4 1.82% 1 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172011-41” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172011-4 1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172011-4 1 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172011-4 1 shall be an Excess Allocation Series. Series 20172011-4 1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172011-4 1 shall be the June 2017 November 2011 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31October 25, 20172011. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Fleet Credit Account Card Master TrustTrust II, Series 20172002-4.” B." The Series 2017-4 of Investor Certificates created hereby shall be issued in two Classes, the . The first of which Class shall be known as the "Class A Series 2017Floating Rate Asset-4 1.64% Asset Backed Certificates, Series 2002-B," and the second of which Class shall be known as the "Class B Series 2017Floating Rate Asset-4 1.82% Asset Backed Certificates.” , Series 2002-B." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and shall be considered a Class of in uncertificated form and which shall be known as the "Collateral Interest, Series 20172002-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. B." The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement.Series 2002-B. (b) Series 20172002-4 B shall be included in Group I and One. Series 2002-B shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20172002-4 shall be an Excess Allocation Series. Series 2017-4 B shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172002-4 B shall be the June 2017 December 2002 Distribution Date, and references herein to the Monthly Period relating to the December 2002 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and through the end on and include May 31, 2017of November 2002. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registrationexecution, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Series 2002 B Supplement (Fleet Credit Card Master Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-42.” The Series 20172008-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-4 1.64% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-4 1.82% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-4 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-4 2 shall be an Excess Allocation Series. Series 20172008-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-4 2 shall be the June 2017 March 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31February 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Providian Master Trust, Asset Backed Certificates, Series 20171997-41.” The " Series 20171997-4 Certificates 1 shall be issued in two Classesconsist of three Classes of Investor Certificates, the first of which shall be in certificated form and shall be known as the “"Providian Master Trust, Floating Rate Class A Series 2017Asset-4 1.64% Asset Backed Certificates” and , Series 1997-1" (the "Class A Certificates"), the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which certificated form and shall be known as "Providian Master Trust, Floating Rate Class B Asset Backed Certificates, Series 1997-1" (the "Class B Certificates") and the third of which shall be in uncertificated form and shall be known as "Providian Master Trust, Collateral Interest, Series 20171997-4” and which 1" (the "Collateral Interest"). In connection with the issuance of the Collateral Interest, the Trustee is hereby directed to enter into the Collateral Agreement. (b) Series 1997-1 shall be deemed included in Group One. Notwithstanding any other provision to the contrary in the Agreement or in this Supplement, the first Distribution Date with respect to Series 1997-1 shall be the April 1997 Distribution Date. (c) The Class A Certificates and the Class B Certificates are "Investor Certificates" and the Class A Certificateholders and the Class B Certificateholders are "Investor Certificateholders" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the AgreementSupplement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of deemed to be an "Investor Certificate" and the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be an "Investor Certificateholder" for all purposes under the Agreement and this Supplement, except where expressly stated to the contrary. The Class A Certificates, the Class B Certificates and the Collateral Interest together shall constitute the "Certificateholders' Interest" with respect to Series Enhancer 1997-1 for all purposes under the Agreement and this Supplement. (bd) Series 2017-4 shall be included in Group I and shall be a Principal Sharing Series. Series 2017-4 shall be an Excess Allocation Series. Series 2017-4 shall not be subordinated to In the event that any other Series. Notwithstanding any term or provision contained herein or in the Collateral Agreement shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement to or the contraryCollateral Agreement, as the first Distribution Date with respect to Series 2017-4 case may be, shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017govern. (ce) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates contained in Article VI and Article XII of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Supplement (Providian National Bank)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172008-4.” The Series 20172008-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172008-4 1.64% Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172008-4 1.82% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172008-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172008-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172008-4 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172008-4 shall be an Excess Allocation Series. Series 20172008-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172008-4 shall be the June 2017 May 2008 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31April 24, 20172008. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express "Travelers Bank Credit Account Card Master TrustTrust I, Series 20171998-41." The Series 2017-4 of Investor Certificates created hereby shall be issued in two three Classes, the . The first of which Class shall be known as the "Class A Series 2017-4 1.646.00% Asset Backed Certificates” and , Series 1998-1," the second of which Class shall be known as the "Class B Series 2017-4 1.82% Asset Backed Certificates.” In addition, there is hereby created a Series 1998-1" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Asset Backed Interests, Series 20171998-4” 1." Except as expressly provided herein, the Class B Certificates and which the Class C Interests shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Supplement other than for purposes and shall be in uncertificated form. Notwithstanding anything to the contrary in the Agreement, (i) none of the definition of Class B Certificateholders or the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Class C Interest Holders shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementSeries 1998-1. (b) Series 20171998-4 1 shall be included in Group I and One. Series 1998-1 shall be a Principal Sharing SeriesSeries with respect to Group One only. Series 20171998-4 1 shall be an Excess Allocation SeriesSeries with respect to Group One only. Series 20171998-4 1 shall be entitled to share Excess Transferor Finance Charge Collections and Shared Transferor Principal Collections. Series 1998-1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171998-4 1 shall be the June 2017 April 15, 1998 Distribution Date, and references herein to the Monthly Period relating to the April 15, 1998 Distribution Date and shall mean the first Monthly Period shall begin on and include period from the Closing Date and end on and include May through March 31, 20171998. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Class B Certificateholders and the Class C Interest Holders, as holders of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) Class B Certificates or the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1998-2 Certificates." The two classes shall be desig nated the Class A Floating Rate Asset Backed Certificates, Series 20171998- 2 (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1998-4.” 2 (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171998-4 for all purposes of 2 (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171998-4 2 shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171998-4 shall be an Excess Allocation Series. Series 2017-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan Agreement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferors intend, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20172000-4." The Series 20172000-4 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.64% Floating Rate Asset Backed Certificates, Series 2000-4" and the second of which shall be known as the "Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates, Series 2000-4." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20172000-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement4." (b) Series 20172000-4 shall be included in Group I One and shall be a Principal Sharing Series. Series 2017-4 shall be an Excess Allocation Series. Series 20172000-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172000-4 shall be the June 2017 November 2000 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 2000-G Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20172000-4.” G (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 2000-G (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20172000-4 for all purposes of G (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20172000-4 G shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20172000-4 shall be an Excess Allocation Series. Series 2017-4 G shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-L Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 20171999-4.” L (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-L (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 20171999-4 for all purposes of L (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 20171999-4 L shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 20171999-4 shall be an Excess Allocation Series. Series 2017-4 L shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date as agreed to by the Seller and the Collateral Interest Holder. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSeller intends and, and together with the Collateral Interest Holder, agree agrees to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Series Supplement to be known designated as “American Express "Household Affinity Credit Account Card Master TrustTrust I, Series 20171998-4.” 1". The Series 20171998-4 1 Certificates shall be issued in two certificated Classes, the first of which shall be known as the "Floating Rate Class A Credit Card Participation Certificates, Series 20171998-4 1.64% Asset Backed Certificates” 1", and the second of which shall be known as the "Floating Rate Class B Credit Card Participation Certificates, Series 20171998-4 1.82% Asset Backed Certificates.” 1". In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" for all purposes under the Agreement and this Series Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20171998-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement1". The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Series Supplement. (b) The Series 20171998-4 1 Certificates shall be included in Group I Three and shall be a Principal Sharing Series. deemed to be "Investor Certificates" for all purposes under the Agreement and this Series 2017-4 shall be an Excess Allocation Series. Series 2017-4 shall not be subordinated to any other SeriesSupplement. Notwithstanding any provision in the Agreement or in this Supplement to the contrarySeries Supplement, the first Distribution Date with respect to Series 20171998-4 1 shall be the June 2017 [____________], 1998 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and in no event shall clause (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(cc) of the Agreement, the Transferors may, from time to time, increase the amount definition of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall "Tax Opinion" set forth in Section 19 hereof be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 operative with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4the Collateral Interest.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Household Affinity Funding Corp)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account "Capital One Master Trust, Series 20172001-47." The Series 20172001-4 7 Certificates shall be issued in two Classes, the first of which shall be known as the "Class A Series 2017-4 1.643.85% Asset Backed Certificates, Series 2001-7" and the second of which shall be known as the "Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates, Series 2001-7." In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known which, except as the “Collateral Interestexpressly provided herein, Series 2017-4” and which shall be deemed to be "Investor Certificates" (and the Collateral Interest Holder shall be deemed to be an "Investor Certificateholder") for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest and which shall be considered a Class of known as the "Collateral Interest, Series 20172001-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement7." (b) Series 20172001-4 7 shall be included in Group I One and shall be a Principal Sharing Series. Series 20172001-4 shall be an Excess Allocation Series. Series 2017-4 7 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172001-4 7 shall be the June 2017 November 2001 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017Date. (c) Except In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Agreement, the terms and provisions of this Supplement shall govern. (d) The Collateral Interest Holder, as holder of an "Investor Certificate" shall be entitled to the benefits of the Agreement and this Supplement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates and clauses (a) and (c) of the definition of "Tax Opinion" in Section 1.01 of the Agreement shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not apply to cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendSellers intend and, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital One Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-46.” The Series 20172007-4 6 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-4 1.64% 6 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-4 1.82% 6 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-46” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-4 6 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-4 6 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-4 6 shall be an Excess Allocation Series. Series 20172007-4 6 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-4 6 shall be the June 2017 August 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31July 24, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172025-4.” The Series 20172025-4 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172025-4 1.644.30% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172025-4 1.824.69% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172025-4” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172025-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172025-4 shall be included in Group I and shall be a Principal Sharing Series. Series 20172025-4 shall be an Excess Allocation Series. Series 20172025-4 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date after the Closing Date with respect to Series 20172025-4 shall be the June 2017 August 2025 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May July 31, 20172025. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intendTransferor intends, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors Transferor may, from time to time, increase the amount of the Series 20172025-4 Certificates by issuing and selling additional Series 20172025-4 Certificates. Any additional Series 20172025-4 Certificates so issued shall be treated, for all purpose, like the Series 20172025-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 20172025-4 shall be a Repurchase Reporting Series. . (f) Series 20172025-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172025-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172025-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172007-42.” The Series 20172007-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172007-4 1.64% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172007-4 1.82% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172007-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172007-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172007-4 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172007-4 2 shall be an Excess Allocation Series. Series 20172007-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172007-4 2 shall be the June 2017 March 2007 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31February 24, 20172007. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172009-42.” The Series 20172009-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172009-4 1.64% 2 Floating Rate Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172009-4 1.82% 2 Floating Rate Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172009-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172009-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172009-4 2 shall be included in Group I II and shall be a Principal Sharing Series. Series 20172009-4 2 shall be an Excess Allocation Series. Series 20172009-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172009-4 2 shall be the June 2017 October 2009 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31September 24, 20172009. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express the "Chevy Chase Master Credit Account Master TrustCard Trust II, Series 20171996-4.” C." The Series 2017-4 of Investor Certificates created hereby shall be issued in two three Classes, the first of which shall be known as the "Class A Series 2017-4 1.64% Floating Rate Asset Backed Certificates” and , Series 1996-C," the second of which shall be known as the "Class B Series 2017-4 1.82% Floating Rate Asset Backed Certificates.” In addition, there is hereby created a Series 1996-C" and the third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest"Class C Floating Rate Asset Backed Interests, Series 20171996-4” and which C." Except as expressly provided herein, the Class C Interests shall be deemed to be "Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 2017-4 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer " for all purposes under the Agreement and this Supplement. The Class C Interests shall be issued in uncertificated form. Notwithstanding anything to the contrary in the Agreement, (i) none of the Class B Certificateholders or the Class C Interest Holders shall be deemed to be a Series Enhancer for Series 1996-C and (ii) the Cash Collateral Depositor or the Spread Account Residual Interest Holder shall be deemed to be a Series Enhancer only if such Person is not a Transferor, the Servicer or an Affiliate thereof. (b) Series 20171996-4 C shall be included in Group I and shall be a Principal Sharing Series. Series 20171996-4 shall be an Excess Allocation Series. Series 2017-4 C shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20171996-4 C shall be the June 2017 February 1997 Distribution Date and the first Monthly Period shall begin on and include be the period from the Closing Date and end on and include May until January 31, 20171997. (c) Except The Class C Interest Holders, as holders of "Investor Certificates" under the Agreement, shall be entitled to the benefits of the Agreement and this Supplement (including the Class C Supplemental Agreement). Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, form, execution, authentication, delivery, presentation, cancellation cancellation, exchange, disposal and surrender of Registered Certificates shall not be applicable apply to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustClass C Interests. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chevy Chase Bank FSB)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued in two classes pursuant to the Agreement and this Series Supplement and to be known together as “American Express Credit Account Master Trustthe "Series 1999-[ ] Certificates." The two classes shall be designated the Class A Floating Rate Asset Backed Certificates, Series 2017-4.” 1999-[ ] (the "Class A Certificates") and the Class B Floating Rate Asset Backed Certificates, Series 1999-[ ] (the "Class B Certificates"). The Series 2017-4 Class A Certificates and the Class B Certificates shall be issued substantially in two Classesthe form of Exhibits A-1 and A-2 hereto, the first of which shall be known as the “Class A Series 2017-4 1.64% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 2017-4 1.82% Asset Backed Certificates.” respectively. In addition, there is hereby created a third Class of an uncertificated interests interest in the Trust which shall be known as the “Collateral Interest, Series 2017-4” and which shall be deemed to be an "Investor Certificates” Certificate" for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest Series Supplement, except as expressly provided herein, and which shall be considered a Class of known as the Collateral Interest, Series 2017-4 for all purposes of 1999-[ ] (the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The "Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this SupplementInterest"). (b) Series 2017-4 1999-[ ] shall be included in Group I and shall be a Principal Sharing SeriesOne (as defined below). Series 2017-4 shall be an Excess Allocation Series. Series 2017-4 1999-[ ] shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 2017-4 shall be the June 2017 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31, 2017. (c) Except The Collateral Interest Holder, as holder of an "Investor Certificate" under the Agreement, shall be entitled to the benefits of the Agreement and this Series Supplement upon payment by the Collateral Interest Holder of amounts owing on the Closing Date pursuant to the Loan Agreement. Notwithstanding the foregoing, except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions Opinion of Counsel specified in clause (d) of the sixth sentence of Section 3.07 6.9(b) of the Agreement shall not cause be required with respect to the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather (iii) the Transferors intend, and together with Tax Opinion specified in clause (e) of the sixth sentence of Section 6.9(b) of the Agreement shall address the effect of the issuance of the Collateral Interest Holderbut parts (a) and (c) of any such Tax Opinion shall not address, agree or be required to treat the address, any tax consequences that shall result to any Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the TrustHolder. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 2017-4 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 2017-4.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chase Credit Card Master Trust)

Designation. (a) There is hereby created a Series of Investor Certificates to be issued pursuant to the Agreement and this Supplement to be known as “American Express Credit Account Master Trust, Series 20172012-42.” The Series 20172012-4 2 Certificates shall be issued in two Classes, the first of which shall be known as the “Class A Series 20172012-4 1.642 0.68% Asset Backed Certificates” and the second of which shall be known as the “Class B Series 20172012-4 1.822 0.99% Asset Backed Certificates.” In addition, there is hereby created a third Class of uncertificated interests in the Trust which shall be known as the “Collateral Interest, Series 20172012-42” and which shall be deemed to be “Investor Certificates” for all purposes under the Agreement and this Supplement other than for purposes of the definition of the term “Tax Opinion” in Section 1.01 of the Agreement. The Collateral Interest shall be considered a Class of Series 20172012-4 2 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.01 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 20172012-4 2 shall be included in Group I and shall be a Principal Sharing Series. Series 20172012-4 2 shall be an Excess Allocation Series. Series 20172012-4 2 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 20172012-4 2 shall be the June 2017 September 2012 Distribution Date and the first Monthly Period shall begin on and include the Closing Date and end on and include May 31August 25, 20172012. (c) Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered Certificates shall not be applicable to the Collateral Interest, and (ii) the provisions of Section 3.07 of the Agreement shall not cause the Collateral Interest to be treated as debt for federal, state and local income and franchise tax purposes, but rather the Transferors intend, and together with the Collateral Interest Holder, agree to treat the Collateral Interest for federal, state and local income and franchise tax purposes as representing an equity interest in the assets of the Trust. (d) Pursuant to Section 6.03(c) of the Agreement, the Transferors may, from time to time, increase the amount of the Series 2017-4 Certificates by issuing and selling additional Series 2017-4 Certificates. Any additional Series 2017-4 Certificates so issued shall be treated, for all purpose, like the Series 2017-4 Certificates subject to the terms of the Agreement and this Supplement. (e) Series 2017-4 shall be a Repurchase Reporting Series. (f) Series 2017-4 shall be an Investor Communication Reporting Series. (g) In connection with the issuance of any future Series of Investor Certificates, notwithstanding subsection 6.03(b)(iv) of the Agreement, the Rating Agency Condition need not be satisfied for Series 20172012-4 2 with respect to any Rating Agency (other than Standard & Poor’s) then rating Series 20172012-42.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)