Distribution of Funds. All funds received by the Trust to the extent not encumbered by the Indenture and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will be distributed to the Beneficiary.
Appears in 16 contracts
Samples: Trust Agreement (BA Master Credit Card Trust II), Trust Agreement, Trust Agreement
Distribution of Funds. All funds received by the Trust to the extent not encumbered by the Indenture and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting benefitting from such encumbrance) will be distributed to applied in the Beneficiary.following order of priority:
Appears in 7 contracts
Samples: Trust Agreement (OneMain Financial Holdings, Inc.), Trust Agreement (OneMain Financial Holdings, Inc.), Trust Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust)
Distribution of Funds. All funds received by the Trust to the extent not encumbered by the Indenture or any Indenture Supplement and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will be distributed to the Beneficiary.
Appears in 7 contracts
Samples: Trust Agreement, Trust Agreement (American Express Receivables Financing Corp VIII LLC), Trust Agreement (American Express Receivables Financing Corp VIII LLC)
Distribution of Funds. (a) All funds received by the Trust to the extent not encumbered by the Indenture or the Sale and Servicing Agreement, and otherwise available for distribution (or or, if encumbered by the IndentureIndenture or the Sale and Servicing Agreement, which such funds have been released by the relevant parties benefiting from such encumbrance) will be distributed to the BeneficiaryHolders of the Seller's Certificates as herein provided.
Appears in 2 contracts
Samples: Trust Agreement (Daimlerchrysler Master Owner Trust), Trust Agreement (Daimlerchrysler Master Owner Trust)
Distribution of Funds. All funds income and capital proceeds received by the Trust to the extent not encumbered by the Indenture or any Indenture Supplement and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will shall be distributed to the Beneficiary.
Appears in 2 contracts
Samples: Trust Agreement (Dryrock Issuance Trust), Trust Agreement (Dryrock Issuance Trust)
Distribution of Funds. All funds received by the Trust --------------------- to the extent not encumbered by the Indenture and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will be distributed to the Beneficiary.
Appears in 1 contract
Samples: Trust Agreement (Mbna Credit Card Master Note Trust)
Distribution of Funds. All funds received by the Trust to the extent not encumbered by the Indenture and otherwise available for distribution (or if encumbered by the Indenture, which have been released by the relevant parties benefiting from such encumbrance) will be distributed to or at the direction of the Beneficiary; provided that the Trust and the Beneficiary may direct the Indenture Trustee or any other paying agent to distribute such funds in accordance with distribution instructions to be provided to the Indenture Trustee or such other paying agent.
Appears in 1 contract
