Common use of Sale of Receivables Clause in Contracts

Sale of Receivables. (a) (i) If the Series 2008-2 Notes have been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of Series 2008-2 plus any accrued, past due and additional interest on the Series 2008-2 Notes.

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

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Sale of Receivables. (a) (i) If the Series 2008-2 3 Notes have been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of Series 2008-2 3 plus any accrued, past due and additional interest on the Series 2008-2 3 Notes.

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

Sale of Receivables. (a) (i) If the Series 20082005-2 1 Notes have been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of Series 20082005-2 1 plus any accrued, past due and additional interest on the Series 20082005-2 1 Notes.

Appears in 1 contract

Samples: National City Bank /

Sale of Receivables. (a) (i) If the Series 20082006-2 1 Notes have been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of Series 20082006-2 1 plus any accrued, past due and additional interest on the Series 20082006-2 1 Notes.

Appears in 1 contract

Samples: National City Bank /

Sale of Receivables. (a) (i) If the Series 2008-2 2005-[- ] Notes have been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of Series 2008-2 2005-[- ] plus any accrued, past due and additional interest on the Series 2008-2 2005-[- ] Notes.

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

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Sale of Receivables. (a) (i) If the Series 2008-2 1 Notes have been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of Series 2008-2 1 plus any accrued, past due and additional interest on the Series 2008-2 1 Notes.

Appears in 1 contract

Samples: Indenture (National City Credit Card Master Trust)

Sale of Receivables. (a) (i) If the Series 20082007-2 1 Notes have been accelerated pursuant to Section 702 of the Indenture following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount up to the Nominal Liquidation Amount of Series 20082007-2 1 plus any accrued, past due and additional interest on the Series 20082007-2 1 Notes.

Appears in 1 contract

Samples: Indenture (National City Bank /)

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