Discount Notes. The deposit targeted for a Tranche of Outstanding Discount Notes on each Distribution Date is the amount of accretion of principal of that Tranche of Notes from and including the prior Monthly Principal Accrual Date in the related Monthly Period (or in the case of the first Monthly Principal Accrual Date with respect to any Tranche of Discount Notes, from and including the date of issuance of that Tranche of Notes) to but excluding the first Monthly Principal Accrual Date for the next month.
Appears in 4 contracts
Sources: Card Series Indenture Supplement (Capital One Master Trust), Card Series Indenture Supplement (Capital One Master Trust), Indenture Supplement (Capital One Master Trust)