Common use of Removal of Accounts Clause in Contracts

Removal of Accounts. (a) Subject to the conditions set forth below, the Transferor may, but shall not be obligated to, designate Receivables from certain Accounts (the “Removed Accounts”) for removal from the Trust. On or before the fifth Business Day (the “Removal Notice Date”) prior to the date on which the Receivables from the designated Removed Accounts will be reassigned to the Transferor (the “Removal Date”), the Issuing Entity shall give the Owner Trustee, the Indenture Trustee, the Servicer, the Collateral Agent and each Note Rating Agency written notice that the Receivables from such Removed Accounts are to be reassigned to the Transferor.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Chase Card Funding LLC), Transfer and Servicing Agreement, Transfer and Servicing Agreement (Chase Issuance Trust)

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Removal of Accounts. (a) Subject to the conditions set forth below, the each Transferor may, but shall not be obligated to, designate Receivables from certain Accounts (the “Removed Accounts”) for removal from the TrustTrust (the "Removed Accounts"). On or before the fifth Business Day (the "Removal Notice Date") prior to the date on which the Receivables from the designated Removed Accounts will be reassigned to the applicable Transferor (the "Removal Date"), the Issuing Entity Issuer shall give the Owner Trustee, the Indenture Trustee, the Servicer, the applicable Collateral Agent and each Note Rating Agency written notice that the Receivables from such Removed Accounts are to be reassigned to the applicable Transferor.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust), Transfer and Servicing Agreement (Chase Manhattan Bank Usa), Transfer and Servicing Agreement (Bank One Delaware National Association)

Removal of Accounts. (a) Subject to the conditions set forth below, the each Transferor may, but shall not be obligated to, designate Receivables from certain Accounts (the “Removed Accounts”) for removal from the TrustTrust (the "REMOVED ACCOUNTS"). On or before the fifth Business Day (the “Removal Notice Date”"REMOVAL NOTICE DATE") prior to the date on which the Receivables from the designated Removed Accounts will be reassigned to the applicable Transferor (the “Removal Date”"REMOVAL DATE"), the Issuing Entity Issuer shall give the Owner Trustee, the Indenture Trustee, the Servicer, the applicable Collateral Agent and each Note Rating Agency written notice that the Receivables from such Removed Accounts are to be reassigned to the applicable Transferor.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust)

Removal of Accounts. (a) Subject to the conditions set forth below, the Transferor may, but shall not be obligated to, designate Receivables from certain Accounts (the “Removed Accounts”) for removal from the TrustIssuing Entity. On or before the fifth Business Day (the “Removal Notice Date”) prior to the date on which the Receivables from the designated Removed Accounts will be reassigned to the Transferor (the “Removal Date”), the Issuing Entity shall give the Owner Trustee, the Indenture Trustee, the Servicer, the Collateral Agent Servicer and each Note Rating Agency written notice that the Receivables from such Removed Accounts are to be reassigned to the Transferor.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Wachovia Card Receivables LLC)

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Removal of Accounts. (a) Subject to the conditions set forth below, the each Transferor may, but shall not be obligated to, designate Receivables for removal from certain Accounts the Trust (the “Removed Accounts”) for removal from the Trust). On or before the fifth Business Day (the “Removal Notice Date”) prior to the date on which the Receivables from the designated Removed Accounts will be reassigned to the applicable Transferor (the “Removal Date”), the Issuing Entity shall give the Owner Trustee, the Indenture Trustee, the Servicer, the applicable Collateral Agent and each Note Rating Agency written notice that the Receivables from such Removed Accounts are to be reassigned to the applicable Transferor.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust)

Removal of Accounts. (a) Subject to the conditions set forth below, the each Transferor may, but shall not be obligated to, designate Receivables from certain Accounts (the “Removed Accounts”) for removal from the Trust. On or before the fifth Business Day (the “Removal Notice Date”) prior to the date on which the Receivables from the designated Removed Accounts will be reassigned to the applicable Transferor (the “Removal Date”), the Issuing Entity shall give the Owner Trustee, the Indenture Trustee, the Servicer, the applicable Collateral Agent and each Note Rating Agency written notice that the Receivables from such Removed Accounts are to be reassigned to the applicable Transferor.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust)

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