Common use of Early Amortization Events Clause in Contracts

Early Amortization Events. (a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the following events (each, an “Early Amortization Event”) will result in an early amortization event for the CHASEseries Notes: (i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread Percentage; (ii) if (x) the Issuing Entity fails to add additional Collateral to Asset Pool One or (y) the Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; (iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries Noteholders; or (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable Determination Date the Issuing Entity shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount such (1) (I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or (b) In addition, the Terms Document for any Tranche of CHASEseries Notes may list additional events which are “Early Amortization Events” with respect to such Tranche of CHASEseries Notes.

Early Amortization Events. (a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the following events (each, an “Early Amortization Event”) will result in an early amortization event for the CHASEseries Notes: (i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread Percentage; (ii) if (x) the Issuing Entity fails to add additional Collateral to Asset Pool One or (y) the Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; (iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries Noteholders; or (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable Determination Date the Issuing Entity shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount such (1) (I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or. (b) In addition, the Terms Document for any Tranche of CHASEseries Notes may list additional events which are “Early Amortization Events” with respect to such Tranche of CHASEseries Notes.

Early Amortization Events. (a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the following events (each, an “Early Amortization Event”"EARLY AMORTIZATION EVENT") will result in an early amortization event for the CHASEseries ONEseries Notes: (i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread Percentage; (ii) if (x) the Issuing Entity Issuer fails to add additional Collateral to Asset Pool One or (y) the Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; (iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries ONEseries Noteholders; or (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable Determination Date the Issuing Entity Issuer shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount such such that the Asset Pool One Pool Balance equals or exceeds the Asset Pool One Minimum Pool Balance for the 66 Monthly Period in which the Asset Pool One Restriction Event occurred and the Asset Pool One Transferor Amount equals or exceeds the Asset Pool One Required Transferor Amount for the Monthly Period in which the Asset Pool One Restriction Event occurred, each as calculated after giving effect to the reductions specified in clauses (1) (Iy)(1)(I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or. (b) In addition, the Terms Document for any Tranche of CHASEseries ONEseries Notes may list additional events which are “Early Amortization Events” "EARLY AMORTIZATION EVENTS" with respect to such Tranche of CHASEseries ONEseries Notes.. [END OF ARTICLE IV]

Early Amortization Events. (a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the following events (each, an “"Early Amortization Event”") will result in an early amortization event for the CHASEseries Notes: (i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread Percentage; (ii) if (x) the Issuing Entity Issuer fails to add additional Collateral to Asset Pool One or (y) the Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; (iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries Noteholders; or (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable Determination Date the Issuing Entity Issuer shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount suchsuch that the Asset Pool One Pool Balance equals or exceeds the Asset Pool One Minimum Pool Balance for the Monthly Period in which the Asset Pool One Restriction Event occurred and the Asset Pool One Transferor Amount equals or exceeds the Asset Pool One Required Transferor Amount for the Monthly Period in which the Asset Pool One Restriction Event occurred, each as calculated after giving effect to the reductions specified in clauses (y) (1) (I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or. (b) In addition, the Terms Document for any Tranche of CHASEseries Notes may list additional events which are “"Early Amortization Events” " with respect to such Tranche of CHASEseries Notes.. [END OF ARTICLE IV]

Early Amortization Events. (a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the following events (each, an “Early Amortization Event”) will result in an early amortization event for the CHASEseries Notes: (i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread Percentage; (ii) if (x) the Issuing Entity fails to add additional Collateral to Asset Pool One or (y) the Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; (iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries Noteholders; or (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable Determination Date the Issuing Entity shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount such such that the Asset Pool One Pool Balance equals or exceeds the Asset Pool One Minimum Pool Balance for the Monthly Period in which the Asset Pool One Restriction Event or Transfer Restriction Event, as applicable, occurred and the Asset Pool One Transferor Amount equals or exceeds the Asset Pool One Required Transferor Amount for the Monthly Period in which the Asset Pool One Restriction Event or Transfer Restriction Event, as applicable, occurred, each as calculated after giving effect to the reductions specified in clauses (1) (Iy)(1)(I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or (b) In addition, the Terms Document for any Tranche of CHASEseries Notes may list additional events which are “Early Amortization Events” with respect to such Tranche of CHASEseries Notes.

Early Amortization Events. (a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the following events (each, an “"Early Amortization Event”") will result in an early amortization event for the CHASEseries ONEseries Notes: (i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread Percentage; (ii) if (x) the Issuing Entity Issuer fails to add additional Collateral to Asset Pool One or (y) the Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; (iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries ONEseries Noteholders; or (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable Determination Date the Issuing Entity Issuer shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount suchsuch that the Asset Pool One Pool Balance equals or exceeds the Asset Pool One Minimum Pool Balance for the Monthly Period in which the Asset Pool One Restriction Event occurred and the Asset Pool One Transferor Amount equals or exceeds the Asset Pool One Required Transferor Amount for the Monthly Period in which the Asset Pool One Restriction Event occurred, each as calculated after giving effect to the reductions specified in clauses (y) (1) (I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or. (b) In addition, the Terms Document for any Tranche of CHASEseries ONEseries Notes may list additional events which are “"Early Amortization Events” " with respect to such Tranche of CHASEseries ONEseries Notes.. [END OF ARTICLE IV]

Early Amortization Events. (a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the following events (each, an “"Early Amortization Event”") will result in an early amortization event for the CHASEseries ONEseries Notes: (i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread Percentage; (ii) if (x) the Issuing Entity Issuer fails to add additional Collateral to Asset Pool One or (y) the Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; (iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries ONEseries Noteholders; or (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable Determination Date the Issuing Entity Issuer shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount suchsuch that the Asset Pool One Pool Balance equals or exceeds the Asset Pool One Minimum Pool Balance for the (1) (I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or. (b) In addition, the Terms Document for any Tranche of CHASEseries ONEseries Notes may list additional events which are “"Early Amortization Events” " with respect to such Tranche of CHASEseries ONEseries Notes.. [END OF ARTICLE IV]