Common use of Early Redemption Events Clause in Contracts

Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is less than the average Base Rate for such three consecutive Monthly Periods, an “Early Redemption Event” with respect to the Series 2008-2 Notes will be deemed to have occurred. [END OF ARTICLE IV]

Appears in 2 contracts

Samples: Indenture (National City Credit Card Master Trust), Indenture (National City Credit Card Master Note Trust)

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Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is less than the average Base Rate for such three consecutive Monthly Periods, an “Early Redemption Event” with respect to the Series 2008-2 1 Notes will be deemed to have occurred. [END OF ARTICLE IV]

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is reduced to a rate which is less than the average Base Rate for such three consecutive Monthly Periods, an "Early Redemption Event" with respect to the Series 2008-2 2005-[-] Notes will be deemed to have occurred. [END OF ARTICLE IV]

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is less than the average Base Rate for such three consecutive Monthly Periods, an “Early Redemption Event” with respect to the Series 20082007-2 1 Notes will be deemed to have occurred. [END OF ARTICLE IV]

Appears in 1 contract

Samples: Indenture (National City Bank /)

Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is less than the average Base Rate for such three consecutive Monthly Periods, an "Early Redemption Event" with respect to the Series 20082006-2 1 Notes will be deemed to have occurred. [END OF ARTICLE IV]

Appears in 1 contract

Samples: National City Bank /

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Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is less than the average Base Rate for such three consecutive Monthly Periods, an “Early Redemption Event” with respect to the Series 2008-2 3 Notes will be deemed to have occurred. [END OF ARTICLE IV]

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is less than the average Base Rate for such three consecutive Monthly Periods, an "Early Redemption Event" with respect to the Series 20082005-2 1 Notes will be deemed to have occurred. [END OF ARTICLE IV]

Appears in 1 contract

Samples: National City Bank /

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