Common use of Excess Amounts Clause in Contracts

Excess Amounts. After payment in full of any Tranche of CHASEseries Notes, any amount remaining on deposit in the applicable Interest Funding Sub-Account will be first, to the extent needed, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.04(b), second, to the extent needed, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.13(b), and third, paid to the Transferor. If the aggregate amount available for withdrawal from an Interest Funding Sub-Account for any Tranche of CHASEseries Notes in a Monthly Period is less than all withdrawals required to be made from that Interest Funding Sub-Account for that Tranche in a Monthly Period after giving effect to all deposits, then the amounts on deposit in that Interest Funding Sub-Account will be withdrawn and, if payable to more than one Person, applied pro rata based on the amount of each of the withdrawals required to be made.

Appears in 4 contracts

Sources: Chase Series Indenture Supplement (Chase Card Funding LLC), Chaseseries Indenture Supplement, Chase Series Indenture Supplement (Chase Issuance Trust)

Excess Amounts. After Upon payment in full of any Tranche of CHASEseries Notes, any remaining amount remaining on deposit in the applicable Interest Principal Funding Sub-Account will be first, to the extent needed, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.04(b), second, to the extent needed, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.13(b), and third, paid to the Transferor. If the aggregate amount available for withdrawal from an Interest a Principal Funding Sub-Account for any Tranche of CHASEseries Notes in a Monthly Period is less than all withdrawals required to be made from that Interest Principal Funding Sub-Account for that Tranche in with respect to a Monthly Period Period, after giving effect to all depositsdeposits to be made with respect to such Monthly Period, then the amounts on deposit in that Interest Funding Sub-Account will be withdrawn and, if payable to more than one Person, applied pro rata based on the amount of each amounts of the withdrawals required to be made.

Appears in 4 contracts

Sources: Chase Series Indenture Supplement (Chase Card Funding LLC), Chaseseries Indenture Supplement, Chase Series Indenture Supplement (Chase Issuance Trust)

Excess Amounts. After Upon payment in full of any Tranche of CHASEseries ONEseries Notes, any remaining amount remaining on deposit in the applicable Interest Principal Funding Sub-Account will be first, to the extent needed, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries ONEseries Notes in the manner, order and priority set forth in subsection 3.04(b), second, to the extent needed, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries ONEseries Notes in the manner, order and priority set forth in subsection 3.13(b), and third, paid to the applicable Transferor. If the aggregate amount available for withdrawal from an Interest a Principal Funding Sub-Account for any Tranche of CHASEseries ONEseries Notes in a Monthly Period is less than all withdrawals required to be made from that Interest Principal Funding Sub-Account for that Tranche in with respect to a Monthly Period Period, after giving effect to all depositsdeposits to be made with respect to such Monthly Period, then the amounts on deposit in that Interest Funding Sub-Account will be withdrawn and, if payable to more than one Person, applied pro rata based on the amount of each amounts of the withdrawals required to be made.

Appears in 2 contracts

Sources: Indenture Supplement (First Usa Credit Card Master Trust), Oneseries Indenture Supplement (Bank One Delaware National Association)

Excess Amounts. After Upon payment in full of any Tranche of CHASEseries Notes, any remaining amount remaining on deposit in the applicable Interest Principal Funding Sub-Account will be first, to the extent needed, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.04(b), second, to the extent needed, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.13(b), and third, paid to the applicable Transferor. If the aggregate amount available for withdrawal from an Interest a Principal Funding Sub-Account for any Tranche of CHASEseries Notes in a Monthly Period is less than all withdrawals required to be made from that Interest Principal Funding Sub-Account for that Tranche in with respect to a Monthly Period Period, after giving effect to all depositsdeposits to be made with respect to such Monthly Period, then the amounts on deposit in that Interest Funding Sub-Account will be withdrawn and, if payable to more than one Person, applied pro rata based on the amount of each amounts of the withdrawals required to be made.

Appears in 1 contract

Sources: Chase Series Indenture Supplement (Chase Manhattan Bank Usa)

Excess Amounts. After Upon payment in full of any Tranche of CHASEseries WachoviaSeries Notes, any remaining amount remaining on deposit in the applicable Interest Principal Funding Sub-Account will be first, to the extent needed, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries WachoviaSeries Notes in the manner, order and priority set forth in subsection 3.04(b), second, to the extent needed, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries WachoviaSeries Notes in the manner, order and priority set forth in subsection 3.13(b), and third, paid to the Transferorholder of the Transferor Certificate. If the aggregate amount available for withdrawal from an Interest a Principal Funding Sub-Account for any Tranche of CHASEseries WachoviaSeries Notes in a Monthly Period is less than all withdrawals required to be made from that Interest Principal Funding Sub-Account for that Tranche in with respect to a Monthly Period Period, after giving effect to all depositsdeposits to be made with respect to such Monthly Period, then the amounts on deposit in that Interest Funding Sub-Account will be withdrawn and, if payable to more than one Person, applied pro rata based on the amount of each amounts of the withdrawals required to be made.

Appears in 1 contract

Sources: Wachovia Series Indenture Supplement (Wachovia Card Receivables LLC)

Excess Amounts. After Upon payment in full of any Tranche of CHASEseries ONEseries Notes, any remaining amount remaining on deposit in the applicable Interest Principal Funding Sub-Account will be first, to the extent neededFIRST, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries ONEseries Notes in the manner, order and priority set forth in subsection 3.04(b), second, to the extent neededSECOND, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries ONEseries Notes in the manner, order and priority set forth in subsection 3.13(b), and thirdTHIRD, paid to the applicable Transferor. If the aggregate amount available for withdrawal from an Interest a Principal Funding Sub-Account for any Tranche of CHASEseries ONEseries Notes in a Monthly Period is less than all withdrawals required to be made from that Interest Principal Funding Sub-Account for that Tranche in with respect to a Monthly Period Period, after giving effect to all depositsdeposits to be made with respect to such Monthly Period, then the amounts on deposit in that Interest Funding Sub-Account will be withdrawn and, if payable to more than one Person, applied pro rata PRO RATA based on the amount of each amounts of the withdrawals required to be made.

Appears in 1 contract

Sources: Oneseries Indenture Supplement (First Usa Credit Card Master Trust)