Reassignment and Transfer Terms. (a) If the Servicer purchases, redeems or prepays any Note Series pursuant to an optional redemption provision under the related Indenture Supplement, then the related Collateral Series shall be deemed to have been retired. Upon the termination of any Note Series pursuant to the Indenture, the related Collateral Series shall also terminate.
Appears in 5 contracts
Samples: Collateral Series Supplement (Alliance Data Systems Corp), Pooling and Servicing Agreement (First Bankcard Master Credit Card Trust), Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust)
Reassignment and Transfer Terms. (a) If the Servicer Transferor purchases, redeems or prepays any Note Series pursuant to an optional redemption provision under the related Indenture Supplement, then the related Collateral Series shall be deemed to have been retired. Upon the termination of any Note Series pursuant to the Indenture, the related Collateral Series shall also terminate.
Appears in 2 contracts
Samples: And Servicing Agreement (Fnanb Credit Card Master Trust), Collateral Series Supplement (Dc Funding International Inc)
