Subseries definition
Examples of Subseries in a sentence
Capitalized terms that refer to a Class refer to a Class of the Series or Subseries, if any, established hereby, as applicable, unless the context otherwise clearly requires.
Capitalized terms that refer to a Series refer to the Series established hereby or a Subseries, if any, established in the Series Term Sheet of this Series Supplement specifying that such Subseries is to be treated as a separate Series herein and under the Pooling and Servicing Agreement and all of the other Series Supplements of Discover Card Master Trust I.
Additionally, notwithstanding the foregoing, or any other term or provision herein to the contrary, Pledgor shall have the right, in Pledgor’s sole and absolute discretion, to remove from time to time Collateral from the lien created hereby, and in such event Pledgor shall not be required to supplement, substitute or otherwise add further Collateral hereunder or under any Series or Sub-series.
On the Conversion Date the portion of the Bonds which are being converted shall be redesignated in such a way as to identify a separate Subseries and thereby avoid confusion of such Subseries with any other Subseries.
On each Statement Date, a statement substantially in the form of Exhibit B-1 or Exhibit B-2, as applicable to Subseries 1 or Subseries 2, respectively, and each as prepared by the Trustee (based on information provided by the Master Servicer) setting forth the information listed thereon shall be available from the Trustee, each Paying Agent and, if applicable, the Listing Agent.