Common use of Due Period Clause in Contracts

Due Period. The definition of "Due Period" is amended and restated in its entirety to read as follows: "Due Period" shall mean the monthly period beginning on the first day of any calendar month and ending on the last day of such calendar month. When used with respect to any Distribution Date occurring on and after February 15, 2001, the Due Period shall be the calendar month preceding the calendar month in which such Distribution Date occurs and shall be referred to herein as a "related Due Period." E. "Insurance Proceeds." The definition of "Insurance Proceeds" is hereby redefined as "Coverage Proceeds", and the term "Coverage Proceeds" shall be substituted for each and every occurrence of the term "Insurance Proceeds" in the Agreement; further, the definition of "Coverage Proceeds" shall be restated in its entirety to read as follows: "Coverage Proceeds" shall mean (a) any amounts recovered pursuant to any credit life insurance policies covering any Obligor with respect to Receivables under such Obligor's Account, and (b) any amounts received pursuant to any debt cancellation agreement covering any Obligor with respect to Receivables under such Obligor's Account. 3