Common use of Early Redemption Events Clause in Contracts

Early Redemption Events. (a) In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if for any month the amount of Excess Available Funds averaged over the three preceding Monthly Periods is less than the Required Excess Available Funds for such month, an “Early Redemption Event” with respect to the BAseries Notes will be deemed to have occurred.

Appears in 3 contracts

Samples: Baseries Indenture Supplement (BA Credit Card Trust), Indenture (BA Master Credit Card Trust II), Baseries Indenture Supplement (BA Credit Card Trust)

AutoNDA by SimpleDocs

Early Redemption Events. (a) In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if for any month the amount of Excess Available Funds averaged over the three preceding Monthly Periods is less than the Required Excess Available Funds for such month, an "Early Redemption Event" with respect to the BAseries Notes will be deemed to have occurred.

Appears in 1 contract

Samples: Baseries Indenture Supplement (BA Master Credit Card Trust II)

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