Common use of Determination of Monthly Principal Clause in Contracts

Determination of Monthly Principal. (a) The amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from the ------------------------- Principal Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 14 contracts

Samples: Pooling and Servicing Agreement (First Usa Inc), Pooling and Servicing Agreement (First Usa Credit Card Master Trust), Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

AutoNDA by SimpleDocs

Determination of Monthly Principal. (a) The ---------------------------------- amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from ------------------------- the ------------------------- Principal Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 3 contracts

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

Determination of Monthly Principal. (a) The ----------------------------------- amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from ------ - ------- ---------- the ------------------------- Principal Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.Adjusted

Appears in 2 contracts

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

Determination of Monthly Principal. (a) The amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from the ------------------------- Principal Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Princi- pal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 1 contract

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

Determination of Monthly Principal. (a) The amount of ---------------------------------- ----------------------------------- monthly principal (the "Class A Monthly Principal") distributable from the ------------------------- Principal Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Princi- pal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Inc)

Determination of Monthly Principal. (a) The amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from the ------------------------- Principal 42 Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 1 contract

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

Determination of Monthly Principal. (a) The amount of ---------------------------------- --------------------------------- monthly principal (the "Class A Monthly Principal") distributable from the ------------------------- Principal Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Bank National Association)

AutoNDA by SimpleDocs

Determination of Monthly Principal. (a) The amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from the ------------------------- Principal Account with respect to the Class A Certificates on each 37 42 Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 1 contract

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

Determination of Monthly Principal. (a) The ----------------------------------- amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from --------------------------- the ------------------------- Principal Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 1 contract

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

Determination of Monthly Principal. (a) The amount of ---------------------------------- monthly principal (the "Class A Monthly Principal") distributable from the ------------------------- Principal 37 Account with respect to the Class A Certificates on each Transfer Date beginning with the Transfer Date in the month following the month in which the Accumulation Period or, if earlier, the Rapid Amortization Period begins shall be equal to the least of (i) the Available Investor Principal Collections on deposit in the Principal Account with respect to such Transfer Date, (ii) for each Transfer Date with respect to the Accumulation Period prior to the Class A Scheduled Payment Date, the Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on such Transfer Date prior to any deposit into the Principal Funding Account to be made on such day.

Appears in 1 contract

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

Time is Money Join Law Insider Premium to draft better contracts faster.