Common use of Interest Payment Clause in Contracts

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003-4) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003-4) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003-4) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003-4) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003-4) Notes on the Issuance Date, (y) 25 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003-4) Notes determined on May 20, 2003. Interest on the Class A(2003-4) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

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Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2004-45) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-45) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2004-45) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003A(2004-45) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-45) Notes on the Issuance Date, (y) 25 42 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2004-45) Notes determined on May 20August 2, 20032004. Interest on the Class A(2003A(2004-45) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (First Usa Credit Card Master Trust)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003C(2002-42) Notes shall be an amount equal to the product of (i)(Ai) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, times (ii) the Outstanding Dollar Principal Amount of the Class A(2003C(2002-42) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003C(2002-42) Notes; provided, however, that for the first Interest Payment Date Date, the amount of interest due with respect to the Class A(2003C(2002-42) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003C(2002-42) Notes on the Issuance Date, (y) 25 38 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003C(2002-42) Notes determined on May 20October 4, 20032002. Interest on the Class A(2003C(2002-42) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003B(2002-43) Notes shall be an amount equal to the product of (i)(Ai) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, times (ii) the Outstanding Dollar Principal Amount of the Class A(2003B(2002-43) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003B(2002-43) Notes; provided, however, that for the first Interest Payment Date Date, the amount of interest due with respect to the Class A(2003B(2002-43) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003B(2002-43) Notes on the Issuance Date, (y) 25 30 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003B(2002-43) Notes determined on May 20December 12, 20032002. Interest on the Class A(2003B(2002-43) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003-46) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003-46) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003-46) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003-46) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003-46) Notes on the Issuance Date, (y) 25 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003-46) Notes determined on May 20June 12, 2003. Interest on the Class A(2003-46) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2004-4) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-4) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2004-4) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003A(2004-4) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-4) Notes on the Issuance Date, (y) 25 21 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2004-4) Notes determined on May 20June 22, 20032004. Interest on the Class A(2003A(2004-4) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (Bank One Issuance Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003-4) 8) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003-4) 8) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003-4) 8) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003-4) 8) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003-4) 8) Notes on the Issuance Date, (y) 25 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003-4) 8) Notes determined on May 20September 12, 2003. Interest on the Class A(2003-4) 8) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (Bank One Delaware National Association)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003-410) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003-410) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003-410) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003-410) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003-410) Notes on the Issuance Date, (y) 25 24 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003-410) Notes determined on May 20October 22, 2003. Interest on the Class A(2003-410) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (Bank One Delaware National Association)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2002-45) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2002-45) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2002-45) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003A(2002-45) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2002-45) Notes on the Issuance Date, (y) 25 40 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2002-45) Notes determined on May 20November 4, 20032002. Interest on the Class A(2003A(2002-45) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003B(2002-42) Notes shall be an amount equal to the product of (i)(Ai) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, times (ii) the Outstanding Dollar Principal Amount of the Class A(2003B(2002-42) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003B(2002-42) Notes; provided, however, that for the first Interest Payment Date Date, the amount of interest due with respect to the Class A(2003B(2002-42) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003B(2002-42) Notes on the Issuance Date, (y) 25 38 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003B(2002-42) Notes determined on May 20October 4, 20032002. Interest on the Class A(2003B(2002-42) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003B(2003-43) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003B(2003-43) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003B(2003-43) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003B(2003-43) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003B(2003-43) Notes on the Issuance Date, (y) 25 28 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003B(2003-43) Notes determined on May 20September 12, 2003. Interest on the Class A(2003B(2003-43) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (Bank One Delaware National Association)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003C(2004-43) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003C(2004-43) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003C(2004-43) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003C(2004-43) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003C(2004-43) Notes on the Issuance Date, (y) 25 36 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003C(2004-43) Notes determined on May 20November 5, 20032004. Interest on the Class A(2003C(2004-43) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Indenture (Chase Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2004-43) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-43) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2004-43) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003A(2004-43) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-43) Notes on the Issuance Date, (y) 25 34 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2004-43) Notes determined on May 2010, 20032004. Interest on the Class A(2003A(2004-43) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (Bank One Issuance Trust)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003C(2002-41) Notes shall be an amount equal to the product of (i)(Ai) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, times (ii) the Outstanding Dollar Principal Amount of the Class A(2003C(2002-41) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003C(2002-41) Notes; provided, however, that for the first Interest Payment Date Date, the amount of interest due with respect to the Class A(2003C(2002-41) Notes shall be an amount equal to the sum of (I) the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003C(2002-41) Notes on the Issuance Date, (y) 25 14 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003C(2002-41) Notes determined on April 29, 2002 and (II) the product of (x) the Outstanding Dollar Principal Amount of the Class C(2002-1) Notes on the Issuance Date, (y) 33 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class C(2002-1) Notes determined on May 2013, 20032002. Interest on the Class A(2003C(2002-41) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: First Usa Credit Card Master Trust

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003B(2003-42) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003B(2003-42) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003B(2003-42) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003B(2003-42) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003B(2003-42) Notes on the Issuance Date, (y) 25 43 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003B(2003-42) Notes determined on May 20July 1, 2003. Interest on the Class A(2003B(2003-42) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003C(2004-42) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003C(2004-42) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003C(2004-42) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003C(2004-42) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003C(2004-42) Notes on the Issuance Date, (y) 25 15 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003C(2004-42) Notes determined on May 20June 28, 20032004. Interest on the Class A(2003C(2004-42) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (Bank One Issuance Trust)

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Interest Payment. (15) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2004-47) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-47) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2004-47) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003A(2004-47) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-47) Notes on the Issuance Date, (y) 25 24 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2004-47) Notes determined on May 20September 17, 20032004. Interest on the Class A(2003A(2004-47) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (Chase Manhattan Bank Usa, National Association)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003-45) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003-45) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003-45) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003-45) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003-45) Notes on the Issuance Date, (y) 25 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003-45) Notes determined on May 20June 12, 2003. Interest on the Class A(2003-45) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Bank One Issuance Trust (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003C(2003-4) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003C(2003-4) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003C(2003-4) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003C(2003-4) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003C(2003-4) Notes on the Issuance Date, (y) 25 27 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003C(2003-4) Notes determined on May 20June 16, 2003. Interest on the Class A(2003C(2003-4) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003-43) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003-43) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003-43) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003-43) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003-42) Notes on the Issuance Date, (y) 25 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003-43) Notes determined on May 20April 14, 2003. Interest on the Class A(2003-43) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2002-41) Notes shall be an amount equal to the product of (i)(Ai) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, times (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2002-41) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2002-41) Notes; provided, however, that for the first Interest Payment Date Date, the amount of interest due with respect to the Class A(2003A(2002-41) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2002-41) Notes on the Issuance Date, (y) 25 26 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2002-41) Notes determined on May 20, 20032002. Interest on the Class A(2003A(2002-41) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Indenture (First Usa Credit Card Master Trust)

Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003C(2003-42) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003C(2003-42) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003C(2003-42) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003C(2003-42) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003C(2003-42) Notes on the Issuance Date, (y) 25 41 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003C(2003-42) Notes determined on May 202, 2003. Interest on the Class A(2003C(2003-42) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2002-46) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2002-46) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2002-46) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003A(2002-46) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2002-46) Notes on the Issuance Date, (y) 25 38 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2002-46) Notes determined on May 20November 6, 20032002. Interest on the Class A(2003A(2002-46) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2004-410) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-410) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2004-410) Notes; provided, however, that for the first Interest Payment Date Date, the amount of interest due with respect to the Class A(2003A(2004-410) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-410) Notes on the Issuance Date, (y) 25 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2004-410) Notes determined on May 20November 12, 20032004. Interest on the Class A(2003A(2004-410) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Indenture (Chase Issuance Trust)

Interest Payment. (1a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003A(2004-4) 8) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-4) 8) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003A(2004-4) 8) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003A(2004-4) 8) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003A(2004-4) 8) Notes on the Issuance Date, (y) 25 41 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003A(2004-4) 8) Notes determined on May 20November 2, 20032004. Interest on the Class A(2003A(2004-4) 8) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.

Appears in 1 contract

Samples: Indenture (Chase Issuance Trust)

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