Common use of Prefunding of the Principal Funding Account of Senior Classes Clause in Contracts

Prefunding of the Principal Funding Account of Senior Classes. If the Issuing Entity determines with respect to any Monthly Period with respect to any Class A Notes or Class B Notes that, after giving effect to all allocations, payments and deposits that will be made on the First Note Transfer Date and each Note Transfer Date occurring in the immediately succeeding Monthly Period, the Prefunding Target Amount of such Class is greater than zero, the targeted deposit to the Principal Funding Sub-Accounts for such Class will be the Prefunding Target Amount for the CHASEseries for such Monthly Period.

Appears in 4 contracts

Samples: Chaseseries Indenture Supplement (Chase Card Funding LLC), Indenture, Chaseseries Indenture Supplement (Chase Issuance Trust)

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Prefunding of the Principal Funding Account of Senior Classes. If the Issuing Entity determines with respect to any Monthly Period with respect to any Class A Notes or Class B Notes that, after giving effect to all allocations, payments and deposits that will be made on the First Note Transfer Date and each Note Transfer Date occurring in the immediately succeeding Monthly Period, the Prefunding Target Amount of such Class is greater than zero, the targeted deposit to the Principal Funding Sub-Accounts for such Class will be the Prefunding Target Amount for the CHASEseries WachoviaSeries for such Monthly Period.

Appears in 1 contract

Samples: Indenture (Wachovia Card Receivables LLC)

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