Required Subordinated Amount Conditions to Issuance of a Tranche of a Senior Class of CHASEseries Notes. (a) Class A Required Subordinated Amount of Class B Notes. On the issuance date of a Tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class B Notes for such Tranche of Class A Notes must be at least equal to the Class A Required Subordinated Amount of Class B Notes for such Tranche of Class A Notes. For purposes of this Section 2.03, the available subordinated amount of Class B Notes for such Tranche of Class A Notes as of any date means:
Appears in 4 contracts
Samples: Chaseseries Indenture Supplement (Chase Card Funding LLC), Chaseseries Indenture Supplement (Chase Issuance Trust), Chaseseries Indenture Supplement (Chase Issuance Trust)
