Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series 2011-B Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2011-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2011-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2016-B A Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2016-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2016-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Note Trust, World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011-B Noteholders~~20[__]-[_] Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011-B Noteholders~~20[__]-[_] Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York Mellon. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011-B Noteholders~~20[__]-[_] Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee ~~in the name of the Trust~~or an affiliate thereof, on behalf of the Trust, for the benefit of the Series ~~2011~~2023-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2023-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2023-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2017-B Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2017-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2017-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series 2011-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2011-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2011-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2019-B C Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2019-B C Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2019-B C Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2017-B C Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2017-B C Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2017-B C Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2019-B Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2019-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2019-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2019-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2019-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2019-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. ~~(a)~~ The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust~~Servicer, for the benefit of the ~~Series 2011-B Noteholders~~Class A Certificateholders, shall establish and maintain or cause to be established and maintained with a Qualified Trust Institution (other than the Servicer) in the name of the Trustee, on behalf of the Class A Certificateholders, the "Reserve Account", which shall be a segregated trust account (with the ~~“Reserve Account”)~~corporate trust department of such Qualified Trust Institution, and held in trust by such Qualified Trust Institution bearing a designation clearly indicating that the funds deposited therein are held ~~for~~ by the ~~benefit~~ Trustee, on behalf of the ~~Series 2011-B Noteholders~~Class A Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. ~~The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2011-B Noteholders. If~~ If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be ~~an Eligible~~ a Qualified Trust Institution, the ~~Transferor~~ Servicer shall ~~notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall,~~ within ~~ten (10)~~ 20 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with ~~an Eligible Institution,~~ a Qualified Trust Institution and shall transfer any cash or and/or any investments that are on deposit in the existing Reserve Account to such new Reserve Account. From the date such new Reserve Account is established, it shall be the "Reserve Account." The ~~Indenture~~ Trustee, ~~at the direction of~~ acting in accordance with instructions from the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Series Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account pursuant to Section 4.9(f) make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.6(d)(xi).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Reserve Account. (a) ~~The~~ Indenture Trustee shall establish and maintain with ~~an Eligible~~ a Qualified Institution, which may be ~~the~~ Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders. ~~The~~ Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of ~~the~~ Indenture Trustee for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders. If at any time the institution holding the Reserve Account ceases to be ~~an Eligible~~ a Qualified Institution, ~~the~~ Transferor shall notify ~~the~~ Indenture ~~Trustee~~Trustee in writing, and ~~the~~ Indenture Trustee upon being notified (or ~~the~~ Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with ~~an Eligible~~ a Qualified Institution, and shall transfer any cash or and any investments to such new Reserve Account. ~~The~~ Indenture Trustee, at the written direction of ~~the~~ Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(ix).

Appears in 2 contracts

Samples: Master Indenture (First Bankcard Master Credit Card Trust), Master Indenture (First Bankcard Master Credit Card Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2018-B Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2018-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2018-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 2 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust

Reserve Account. (a) The ~~Indenture Trustee shall~~ Servicer may elect, in its sole discretion, to establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the ~~Series 2011-B Noteholders~~Class A Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “"Reserve Account~~”),~~ ") bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the ~~Series 2011-B Noteholders~~Class A Certificateholders. At the time of such election, the Servicer shall notify the Trustee of the percentage to be specified under the definition of Required Reserve Account Amount in Section 2.01(a). The ~~Indenture~~ Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the ~~Series 2011-B Noteholders~~Class A Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency may consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, ~~subsection 4.4(a)(ix~~Section 4.05(a)(xi).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Providian National Bank), Pooling and Servicing Agreement (Providian National Bank)

Reserve Account. (a) The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be~~ Seller hereby directs the ~~Indenture Trustee in the name of the Trust, on behalf of the Trust~~Trustee, for the benefit of the Series ~~2011~~1997-~~B Noteholders~~U Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-U Certificateholders, with an Eligible Insti- tution (which initially shall be FNBC) a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~1997-~~B Noteholders~~U Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all ~~funds~~ Eligible Investments or other amounts on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~1997-~~B Noteholders~~U Certificateholders. If If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall,~~ shall within ~~ten (10)~~ 10 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or ~~any investments~~ other amounts to such new Reserve Account. ~~The Indenture Trustee~~Pursuant to the authority granted to the Servicer in subsection 3.01(b), at the ~~direction of~~ Servicer shall have the ~~Servicer~~power, ~~shall~~ revocable by the Trustee (i) to make ~~withdrawals~~ withdrawals, or to instruct the Trustee to make withdrawals, from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth ~~in this Indenture Supplement,~~ herein and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, to make a ~~deposit~~ deposit, or to instruct the Trustee to make a deposit, into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.09 (h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (FCC National Bank)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2017-B A Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2017-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2017-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2002-B 3 Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2002-B 3 Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2002-B 3 Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(x).

Appears in 1 contract

Samples: Household Private Label Credit Card Master Note Trust I

Reserve Account. (a) The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be~~ Seller hereby directs the ~~Indenture Trustee in the name of the Trust, on behalf of the Trust~~Trustee, for the benefit of the Series ~~2011-B Noteholders~~1998- Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1998- Certificateholders, with an Eligible Insti- tution (which initially shall be FNBC) a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B Noteholders~~1998- Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all ~~funds~~ Eligible Investments or other amounts on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011-B Noteholders~~1998- Certificateholders. If If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall,~~ shall within ~~ten (10)~~ 10 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or ~~any investments~~ other amounts to such new Reserve Account. ~~The Indenture Trustee~~Pursuant to the authority granted to the Servicer in subsection 3.01(b), at the ~~direction of~~ Servicer shall have the ~~Servicer~~power, ~~shall~~ revocable by the Trustee (i) to make ~~withdrawals~~ withdrawals, or to instruct the Trustee to make withdrawals, from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth ~~in this Indenture Supplement,~~ herein and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, to make a ~~deposit~~ deposit, or to instruct the Trustee to make a deposit, into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.09 (h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (FCC National Bank)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the ~~Series 2011-B~~ Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds --------------- deposited therein are held for the benefit of the ~~Series 2011-B~~ Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the ~~Series 2011-B~~ Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as the Rating Agency may consent), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(ix).

Appears in 1 contract

Samples: Household Credit Card Master Note Trust I

Reserve Account. (a) The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be~~ Seller hereby directs the ~~Indenture Trustee in the name of the Trust, on behalf of the Trust~~Trustee, for the benefit of the Series ~~2011~~1999-~~B Noteholders~~Y Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1999-Y Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~1999-~~B Noteholders~~Y Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all ~~funds~~ Eligible Investments or other amounts on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~1999-~~B Noteholders~~Y Certificateholders. If If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall,~~ shall within ~~ten (10)~~ 10 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or ~~any investments~~ other amounts to such new Reserve Account. ~~The Indenture Trustee~~Pursuant to the authority granted to the Servicer in subsection 3.01(b), at the ~~direction of~~ Servicer shall have the ~~Servicer~~power, ~~shall~~ revocable by the Trustee (i) to make ~~withdrawals~~ withdrawals, or to instruct the Trustee to make withdrawals, from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth ~~in this Indenture Supplement,~~ herein and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, to make a ~~deposit~~ deposit, or to instruct the Trustee to make a deposit, into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.09 (h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Chicago Master Trust Ii)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2014-B Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2014-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2014-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: WFN Credit Co LLC

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2009-B C Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2009-B C Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2009-B C Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: WFN Credit Co LLC

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the ~~Trust, on behalf of the Trust~~Indenture Trustee, for the benefit of the Series ~~2011~~2003-B 2 Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2003-B 2 Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2003-B 2 Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(viii).

Appears in 1 contract

Samples: Household Affinity Funding Corp Iii

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2003-B Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2003-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2003-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being so notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Payment Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(vii).

Appears in 1 contract

Samples: Advanta Business Recievables Corp

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2009-B Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2009-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2009-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: WFN Credit Co LLC

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2015-B A Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2015-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2015-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2017-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2017-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2017-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Trust

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~____-~~B Noteholders~~__ Certificateholders and the Class C Interest Holder, ~~a segregated trust account~~ an Eligible Deposit Account (the “"Reserve Account~~”),~~ ") bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~____-~~B Noteholders~~__ Certificateholders and the Class C Interest Holder. The ~~Indenture~~ Reserve Account shall initially be established with the Trustee. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~____-~~B Noteholders~~__ Certificateholders and the Class C Interest Holder. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency may consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or and/or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time ~~in an amount up to the Available Reserve Account Amount at such time,~~ for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.7(l).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleet Bank National Association /Ri/)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2003-B D Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2003-B D Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2003-B D Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being so notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Payment Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(vii).

Appears in 1 contract

Samples: Advanta Business Receivables Corp

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2001-B A Noteholders, a non-interest bearing segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly --------------- indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2001-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2001-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(vi).. ---------------------

Appears in 1 contract

Samples: Spiegel Inc

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer, for the benefit of the Beneficiaries, shall establish and maintain ~~with an Eligible Institution~~in the United States, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, ~~for the benefit of the Series 2011-B Noteholders,~~ a segregated trust account with an institution which is and continues to be a Qualified Depository Institution (which shall initially be the ~~“Reserve Account”~~Trustee), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the ~~Series 2011-B Noteholders~~Beneficiaries (the "RESERVE ACCOUNT"). The ~~Indenture Trustee~~ Trustee, for the benefit of the Beneficiaries, shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. ~~The~~ Without limiting the rights of the Servicer set forth in Section 3.07(b) below, the Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the ~~Series 2011-B Noteholders~~Beneficiaries. Except as expressly provided in this Agreement, the Servicer agrees that it shall have no right to deduct from any funds held in the Reserve Account for any amount owed to it by the Trustee, the Trust, the Transferor, any Originator or any Certificateholder. If at any time the institution holding the Reserve Account ceases to be ~~an Eligible Institution,~~ a Qualified Depository Institution the Transferor shall notify the ~~Indenture~~ Trustee, and the ~~Indenture Trustee~~ Trustee, upon ~~being notified~~ notice by the Servicer (or the Servicer on its behalf) ~~shall, within ten (10) Business Days,~~ shall promptly establish a new Reserve Account with a Qualified Depository Institution meeting the conditions specified ~~above with an Eligible Institution~~above, and SERIES 1997-1 SUPPLEMENT shall transfer any cash or any investments to such new Reserve Account and, from the date such new Reserve Account is established, it shall be the "Reserve Account. ." The ~~Indenture~~ Trustee, at the written direction of the Servicer, shall ~~(i)~~ make deposits to and withdrawals from the Reserve Account from time to ~~time in an amount up to the Available Reserve Account Amount~~ time, at such ~~time,~~ time and for ~~the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior~~ distributions pursuant to ~~termination~~ Section 3.05 of ~~the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix)~~amounts allocated pursuant to Section 3.03 hereof.

Appears in 1 contract

Samples: Elder Beerman Stores Corp

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2000-B A Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating --------------- that the funds deposited therein are held for the benefit of the Series ~~2011~~2000-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2000-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(vii).. ----------------------

Appears in 1 contract

Samples: Spiegel Master Trust

Reserve Account. (a) ~~The Indenture~~ Upon designation by the Transferor of a Reserve Account Funding Date, the Trustee shall establish and maintain with an Eligible Institution, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011-B Noteholders~~2003-__ Certificateholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B Noteholders~~2003-__ Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011-B Noteholders~~2003-__ Certificateholders. If at any time the institution holding the Reserve Account ceases to be an Eligible ~~Institution,~~ Institution the Transferor shall notify the ~~Indenture~~ Trustee, and the ~~Indenture~~ Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten (10)~~ 10 Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.6(a)(vi).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Target Receivables Corp)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2000-B 1 Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating --------------- that the funds deposited therein are held for the benefit of the Series ~~2011~~2000-B 1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2000-B 1 Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(ix).

Appears in 1 contract

Samples: Household Credit Card Master Note Trust I

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011-B~~ 2000-_ Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B~~ 2000-_ Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011-B~~ 2000-_ Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(vii).

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Associates Credit Card Receivables Corp)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2002-B 2 Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2002-B 2 Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2002-B 2 Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(x).

Appears in 1 contract

Samples: Hrsi Funding Inc Ii

Reserve Account. (a) ~~The~~ On or before the Reserve Account Funding Date, the Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the ~~Trust, on behalf of the Trust,~~ Trust for the benefit of the ~~Series 2011-B~~ Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the ~~Series 2011-B~~ Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the ~~Series 2011-B~~ Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten ~~(10)~~ Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Series 2007-1 Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, ~~subsection 4.4(a)(ix~~Section 4.03(a)(viii).

Appears in 1 contract

Samples: Nordstrom Inc

Reserve Account. (a) The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be~~ Seller hereby directs the ~~Indenture Trustee in the name of the Trust, on behalf of the Trust~~Trustee, for the benefit of the Series ~~2011~~1997-~~B Noteholders~~T Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1997-T Certificateholders, with an Eligible Insti- tution (which initially shall be FNBC) a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~1997-~~B Noteholders~~T Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all ~~funds~~ Eligible Investments or other amounts on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~1997-~~B Noteholders~~T Certificateholders. If If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall,~~ shall within ~~ten (10)~~ 10 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or ~~any investments~~ other amounts to such new Reserve Account. ~~The Indenture Trustee~~Pursuant to the authority granted to the Servicer in subsection 3.01(b), at the ~~direction of~~ Servicer shall have the ~~Servicer~~power, ~~shall~~ revocable by the Trustee (i) to make ~~withdrawals~~ withdrawals, or to instruct the Trustee to make withdrawals, from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth ~~in this Indenture Supplement,~~ herein and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, to make a ~~deposit~~ deposit, or to instruct the Trustee to make a deposit, into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.09 (h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (FCC National Bank)

Reserve Account. (a1) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2001-B A Noteholders, a non-interest bearing segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2001-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2001-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(vi).

Appears in 1 contract

Samples: Spiegel Inc

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2009-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2009-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2009-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: WFN Credit Co LLC

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2003-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2003-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2003-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(viii).

Appears in 1 contract

Samples: Transfer and Servicing Agreement (World Financial Network Credit Card Master Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2002-B 1 Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2002-B 1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2002-B 1 Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(x).

Appears in 1 contract

Samples: Hrsi Funding Inc Ii

Reserve Account. (a) ~~The~~ Indenture Trustee shall establish and maintain with ~~an Eligible~~ a Qualified Institution, which may be ~~the~~ Indenture Trustee in the name of the Trust, on behalf of the Trust, for the 24 benefit of the Series ~~2011-B~~ [200_-_] Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders. ~~The~~ Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of ~~the~~ Indenture Trustee for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders. If at any time the institution holding the Reserve Account ceases to be ~~an Eligible~~ a Qualified Institution, ~~the~~ Transferor shall notify ~~the~~ Indenture Trustee, and ~~the~~ Indenture Trustee upon being notified (or ~~the~~ Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with ~~an Eligible~~ a Qualified Institution, and shall transfer any cash or any investments to such new Reserve Account. ~~The~~ Indenture Trustee, at the direction of ~~the~~ Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(ix).

Appears in 1 contract

Samples: Master Indenture (First Bankcard Master Credit Card Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2014-B C Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2014-B C Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2014-B C Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Trust

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2008-~~B Noteholders~~2 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2008-~~B Noteholders~~2 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2008-~~B Noteholders~~2 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011-B~~ 20[_]-[_] Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B~~ 20[_]-[_] Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011-B~~ 20[_]-[_] Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(xi).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2002-B A Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2002-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2002-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(viii).

Appears in 1 contract

Samples: WFN Credit Co LLC

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2014-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2014-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2014-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2001-B A Noteholders, a non- interest bearing segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly --------------- indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2001-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2001-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(vii).. ----------------------

Appears in 1 contract

Samples: First Consumers Master Trust

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2008-~~B Noteholders~~5 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2008-~~B Noteholders~~5 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2008-~~B Noteholders~~5 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2008-~~B Noteholders~~6 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2008-~~B Noteholders~~6 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York Mellon. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2008-~~B Noteholders~~6 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011-B~~ 201[•]-[•] Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B~~ 201[•]-[•] Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011-B~~ 201[•]-[•] Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(xi).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Trust

Reserve Account. ~~(a)~~ The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust~~Servicer, for the benefit of the ~~Series 2011-B Noteholders~~Class --------------- A Certificateholders, shall establish and maintain or cause to be established and maintained with a Qualified Trust Institution (other than the Servicer) in the name of the Trustee, on behalf of the Class A Certificateholders, the "Reserve Account", which shall be a segregated trust account (with the ~~“Reserve Account”)~~corporate trust department of such Qualified Trust Institution, and held in trust by such Qualified Trust Institution bearing a designation clearly indicating that the funds deposited therein are held ~~for~~ by the ~~benefit~~ Trustee, on behalf of the ~~Series 2011-B Noteholders~~Class A Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. ~~The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2011-B Noteholders. If~~ If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be ~~an Eligible~~ a Qualified Trust Institution, the ~~Transferor~~ Servicer shall ~~notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall,~~ within ~~ten (10)~~ 20 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with ~~an Eligible Institution,~~ a Qualified Trust Institution and shall transfer any cash or and/or any investments that are on deposit in the existing Reserve Account to such new Reserve Account. From the date such new Reserve Account is established, it shall be the "Reserve Account." The ~~Indenture~~ Trustee, ~~at the direction of~~ acting in accordance with instructions from the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Series Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account pursuant to Section 4.9(f) make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.6(d)(xi).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011-B Noteholders~~20[__]-[__] Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “"Reserve Account~~”),~~ ") bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011-B Noteholders~~20[__]-[__] Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011-B Noteholders~~20[__]-[__] Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2015-B Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2015-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2015-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2007-~~B Noteholders~~8 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2007-~~B Noteholders~~8 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2007-~~B Noteholders~~8 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2004-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2004-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2004-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(viii).

Appears in 1 contract

Samples: Transfer and Servicing Agreement (World Financial Network Credit Card Master Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2012-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2012-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2012-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2003-B A Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2003-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2003-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being so notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Payment Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(vii).

Appears in 1 contract

Samples: Advanta Business Recievables Corp

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2000-B A Noteholders, a non- interest bearing segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly --------------- indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2000-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2000-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(vii).. ----------------------

Appears in 1 contract

Samples: Spiegel Master Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2008-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2008-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2008-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: WFN Credit Co LLC

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2008-~~B Noteholders~~4 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2008-~~B Noteholders~~4 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2008-~~B Noteholders~~4 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reserve Account. (a) The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be~~ Seller hereby directs the ~~Indenture Trustee in the name of the Trust, on behalf of the Trust~~Trustee, for the benefit of the Series ~~2011~~1999-~~B Noteholders~~X Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1999-X Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~1999-~~B Noteholders~~X Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all ~~funds~~ Eligible Investments or other amounts on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~1999-~~B Noteholders~~X Certificateholders. If If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be an Eligible ~~Institution~~Institu- tion, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall,~~ shall within ~~ten (10)~~ 10 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or ~~any investments~~ other amounts to such new Reserve Account. ~~The Indenture Trustee~~Pursuant to the authority granted to the Servicer in subsection 3.01(b), at the ~~direction of~~ Servicer shall have the ~~Servicer~~power, ~~shall~~ revocable by the Trustee (i) to make ~~withdrawals~~ withdrawals, or to instruct the Trustee to make withdrawals, from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth ~~in this Indenture Supplement,~~ herein and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, to make a ~~deposit~~ deposit, or to instruct the Trustee to make a deposit, into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.09 (h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Chicago Master Trust Ii)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2001-B A Noteholders, a segregated trust account (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2001-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2001-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, ~~subsection 4.4(a)(ix~~SUBSECTION 4.4(a)(viii).

Appears in 1 contract

Samples: Transfer and Servicing Agreement (World Financial Network Credit Card Master Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2012-B Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2012-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2012-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2001-B A Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2001-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2001-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Transferors shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Payment Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(x).

Appears in 1 contract

Samples: Conseco Finance Credit Card Funding Corp

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders, a segregated trust account (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011-B~~ [200_-_] Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, ~~subsection 4.4(a)(ix~~SUBSECTION 4.4(a)(viii).

Appears in 1 contract

Samples: Transfer and Servicing Agreement (World Financial Network Credit Card Master Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2013-B Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2013-B Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2013-B Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be~~ Seller hereby directs the ~~Indenture Trustee in the name of the Trust, on behalf of the Trust~~Trustee, for the benefit of the Series ~~2011~~1998-~~B Noteholders~~V Certificateholders, to establish and maintain or cause to be established and maintained in the name of the Trustee, on behalf of the Series 1998-V Certificateholders, with an Eligible Institution (which initially shall be FNBC) a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~1998-~~B Noteholders~~V Certificateholders. The ~~Indenture~~ Trustee shall possess all right, title and interest in all ~~funds~~ Eligible Investments or other amounts on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~1998-~~B Noteholders~~V Certificateholders. If If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall,~~ shall within ~~ten (10)~~ 10 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash and/or any Eligible Investments or ~~any investments~~ other amounts to such new Reserve Account. ~~The Indenture Trustee~~Pursuant to the authority granted to the Servicer in subsection 3.01(b), at the ~~direction of~~ Servicer shall have the ~~Servicer~~power, ~~shall~~ revocable by the Trustee (i) to make ~~withdrawals~~ withdrawals, or to instruct the Trustee to make withdrawals, from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth ~~in this Indenture Supplement,~~ herein and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, to make a ~~deposit~~ deposit, or to instruct the Trustee to make a deposit, into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.09 (h).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (FCC National Bank)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2012-B D Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2012-B D Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2012-B D Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2015-B C Noteholders, a segregated trust account (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2015-B C Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2015-B C Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Note Trust

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2006-B A Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2006-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2006-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(x).

Appears in 1 contract

Samples: Alliance Data Systems Corp

Reserve Account. (a) ~~The Indenture~~ Upon designation by the Transferor of a Reserve Account Funding Date, the Trustee shall establish and maintain with an Eligible Institution, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the ~~Series 2011-B Noteholders~~Collateral Certificateholder, a segregated trust account with the corporate trust department of such Eligible Institution (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the ~~Series 2011-B Noteholders~~Collateral Certificateholder. The ~~Indenture~~ Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the ~~Series 2011-B Noteholders~~Collateral Certificateholder. If at any time the institution holding the Reserve Account ceases to be an Eligible ~~Institution,~~ Institution the Transferor shall notify the ~~Indenture~~ Trustee, and the ~~Indenture~~ Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten (10)~~ 10 Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Series Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.6(a)(vi).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Target Credit Card Owner Trust 2005-1)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2002-B A Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the ~~“Reserve Account”~~"RESERVE ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2002-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2002-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being so notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Payment Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(vii).

Appears in 1 contract

Samples: Advanta Business Recievables Corp

Reserve Account. ~~(a)~~ The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust~~Servicer, for the benefit of the ~~Series 2011-B Noteholders~~Class A --------------- Certificateholders, shall establish and maintain or cause to be established and maintained with a Qualified Trust Institution (other than the Servicer) in the name of the Trustee, on behalf of the Class A Certificateholders, the "Reserve Account", which shall be a segregated trust account (with the ~~“Reserve Account”)~~corporate trust department of such Qualified Trust Institution, and held in trust by such Qualified Trust Institution bearing a designation clearly indicating that the funds deposited therein are held ~~for~~ by the ~~benefit~~ Trustee, on behalf of the ~~Series 2011-B Noteholders~~Class A Certificateholders, and the Servicer shall establish any and all subaccounts or administrative subaccounts to the Reserve Account specified in the Loan Agreement. The ~~Indenture~~ Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. ~~The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series 2011-B Noteholders. If~~ If, at any ~~time~~ time, the institution holding the Reserve Account ceases to be ~~an Eligible~~ a Qualified Trust Institution, the ~~Transferor~~ Servicer shall ~~notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall,~~ within ~~ten (10)~~ 20 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with ~~an Eligible Institution,~~ a Qualified Trust Institution and shall transfer any cash or and/or any investments to such new Reserve Account. From the date such new Reserve Account is established, it shall be the "Reserve Account." The ~~Indenture~~ Trustee, ~~at the direction of~~ acting in accordance with instructions from the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Series Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account pursuant to Section 4.9(f) make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.6(d)(xi).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the ~~Trust, on behalf of the Trust~~Indenture Trustee, for the benefit of the Series ~~2011~~2002-B 1 Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2002-B 1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2002-B 1 Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(ix).

Appears in 1 contract

Samples: Household Receivables Funding Inc Iii

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2001-B A Noteholders, a non- interest bearing segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating --------------- that the funds deposited therein are held for the benefit of the Series ~~2011~~2001-B A Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2001-B A Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture ~~Trustee~~Trustee in writing, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the written direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(vi).. ---------------------

Appears in 1 contract

Samples: Spiegel Credit Corp Iii

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2008-~~B Noteholders~~1 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2008-~~B Noteholders~~1 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2008-~~B Noteholders~~1 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2008-~~B Noteholders~~3 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2008-~~B Noteholders~~3 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2008-~~B Noteholders~~3 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

Reserve Account. (a) The ~~Indenture Trustee~~ Servicer shall establish and ~~maintain with an Eligible Institution~~maintain, ~~which may be the Indenture Trustee~~ in the name of the ~~Trust~~Trustee, on behalf of the Trust, for the benefit of the Series ~~2011~~2007-~~B Noteholders~~5 Certificateholders, ~~a segregated trust account~~ an Eligible Deposit Account (the “Reserve Account”), ) bearing a designation clearly indicating that the funds deposited therein and the property credited thereto are held for the benefit of the Series ~~2011~~2007-~~B Noteholders~~5 Certificateholders. The ~~Indenture~~ Reserve Account shall initially be established with The Bank of New York. The Trustee shall possess all right, title and interest in all funds ~~on deposit~~ and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2007-~~B Noteholders~~5 Certificateholders. If at any time ~~the institution holding~~ the Reserve Account ceases to be an Eligible ~~Institution~~Deposit Account, the ~~Transferor shall notify the Indenture Trustee, and the Indenture~~ Trustee ~~upon being notified~~ (or the Servicer on its behalf) ~~shall~~shall within 10 Business Days (or such longer period, ~~within ten (10~~not to exceed 30 calendar days, as to which each Rating Agency shall consent) ~~Business Days,~~ establish a new Reserve Account meeting the conditions specified above ~~with~~ as an Eligible ~~Institution~~Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The ~~Indenture~~ Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this ~~Indenture~~ Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve ~~Account,~~ Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.07(j).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii)

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011~~2009-B D Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2009-B D Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2009-B D Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix).

Appears in 1 contract

Samples: WFN Credit Co LLC

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the Series ~~2011-B~~ 201[•]-[•] Noteholders, a segregated trust account (the “Reserve Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011-B~~ 201[•]-[•] Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011-B~~ 201[•]-[•] Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten (10) Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.4(a)(x).

Appears in 1 contract

Samples: World Financial Network Credit Card Master Trust

Reserve Account. (a) The ~~Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust~~Servicer, for the benefit of the Series ~~2011~~2004-~~B Noteholders~~1 Certificateholders, shall establish and maintain or cause to be established and maintained with a Qualified Depositary, in the name of the Trustee, on behalf of the Series 2004-1 Certificateholders, the “Reserve Account,” which shall be a segregated trust account (with the ~~“Reserve Account”)~~corporate trust department of such Qualified Depositary, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2004-~~B Noteholders~~I Certificateholders. The ~~Indenture~~ Reserve Account shall be an asset of the Trust, and the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the ~~Indenture~~ Trustee for the benefit of the Series ~~2011~~2004-~~B Noteholders~~1 Certificateholders. If If, at any ~~time~~ time, the depositary institution holding the Reserve Account ceases to be ~~an Eligible Institution~~a Qualified Depositary, the ~~Transferor~~ Trustee shall notify the ~~Indenture Trustee,~~ Rating Agencies and ~~the Indenture Trustee upon being notified (or the Servicer on its behalf) shall,~~ within ~~ten (10)~~ 10 Business ~~Days,~~ Days establish a new Reserve Account meeting the conditions specified above with ~~an Eligible Institution~~a Qualified Depositary, and shall transfer any cash or any investments to such new Reserve Account. From the date such new Reserve Account is established, it shall be the “Reserve Account.” The ~~Indenture~~ Trustee, at the direction of the Servicer, shall ~~(i)~~ make withdrawals from the Reserve Account from time to ~~time in an amount up to the Available Reserve Account Amount at such~~ time, in the amounts and for the purposes set forth in this Indenture Supplement, and (ii) on each Transfer Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.4(a)(ix)Section 4.10.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cabela's Credit Card Master Note Trust)

Reserve Account. (a) ~~The~~ On or before the Reserve Account Funding Date, the Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the Trust, on behalf of the Trust, for the benefit of the ~~Series 2011-B~~ Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the ~~Series 2011-B~~ Offered Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the ~~Series 2011-B~~ Offered Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the ~~Transferor~~ Servicer shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ten ~~(10)~~ Business Days, establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Series 2002-1 Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (~~from and after the~~ frox xxx xxxxx xxx Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, ~~subsection 4.4(a)(ix~~Section 4.03(a)(viii).

Appears in 1 contract

Samples: Nordstrom Inc

Reserve Account. (a) The Indenture Trustee shall establish and maintain with an Eligible Institution, which may be the Indenture Trustee in the name of the ~~Trust, on behalf of the Trust~~Indenture Trustee, for the benefit of the Series ~~2011~~2003-B 1 Noteholders, a segregated trust account with the corporate trust department of such Eligible Institution (the “"Reserve Account”"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series ~~2011~~2003-B 1 Noteholders. The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Series ~~2011~~2003-B 1 Noteholders. If at any time the institution holding the Reserve Account ceases to be an Eligible Institution, the Transferor shall notify the Indenture Trustee, and the Indenture Trustee upon being notified (or the Servicer on its behalf) shall, within ~~ten~~ 10 Business Days (~~10) Business Days~~or such longer period as to which the Rating Agency has consented), establish a new Reserve Account meeting the conditions specified above with an Eligible Institution, and shall transfer any cash or any investments to such new Reserve Account. The Indenture Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Indenture Supplement, and (ii) on each ~~Transfer~~ Distribution Date (from and after the Reserve Account Funding Date) prior to termination of the Reserve Account, make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection ~~4.4(a)(ix~~4.04(a)(viii).

Appears in 1 contract

Samples: Household Affinity Funding Corp Iii

Common use of Reserve Account Clause in Contracts