Common use of Loan Clause in Contracts

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 6 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

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Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)39,473,700, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 6 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)$ , receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 3 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Bank), Credit Enhancement Agreement (Discover Bank)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)94,736,850, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 3 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)59,210,550, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by upon the agreement of the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 3 contracts

Samples: Credit Enhancement Agreement (Discover Bank), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Bank)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)59,210,550, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 3 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 59,210,550 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 3 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)63,157,950, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)71,052,675, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)118,421,100, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)55,263,225, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)86,842,125, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)39,473,700, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by upon the agreement of the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Bank)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)47,368,425, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by upon the agreement of the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Bank), Credit Enhancement Agreement (Discover Bank)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)28,947,380, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)98,684,250, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)78,947,400, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 2 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)31,578,960, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

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Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)67,105,275, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 42,105,280 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 39,473,700 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)51,315,825, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 51,315,825 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)25,263,225, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by upon the agreement of the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Bank)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)118,421,100, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by upon the agreement of the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)86,842,125, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by upon the agreement of the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)42,105,280, receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 27,631,650 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Card Master Trust I)

Loan. The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount)[ ], receipt of which is hereby acknowledged by the Trustee. The amount of such Loan shall be increased by the amount of any additional loan made by upon the agreement of the Credit Enhancement Provider pursuant to Section 8 hereof.

Appears in 1 contract

Samples: Credit Enhancement Agreement (Discover Bank)

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