Common use of Initial Collateral Clause in Contracts

Initial Collateral. The Issuer hereby designates the Initial Collateral Certificate issued pursuant to the Series 2002-CC Supplement to the First USA Credit Card Master Trust Pooling and Servicing Agreement as an Asset Pool One Collateral Certificate. Such Initial Collateral Certificate shall be registered in the name of the Collateral Agent and delivered to the Collateral Agent on the date hereof in accordance with Section 4.14 and, unless written notice has been delivered to the Servicer, the Owner Trustee and the Indenture Trustee, shall be held by the Collateral Agent in the State of New York.

Appears in 2 contracts

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

Initial Collateral. The Issuer hereby designates pledges to the Collateral Agent for the benefit of the Asset Pool One Noteholders and the Collateral Agent, the Initial Collateral Certificate issued pursuant to the Series 2002-CC Supplement to the First USA Credit Card Master Trust Pooling and Servicing Agreement as an Asset Pool One Collateral CertificateAgreement. Such Initial Collateral Certificate shall be registered in the name of the Collateral Agent and delivered to the Collateral Agent on the date hereof in accordance with Section 4.14 and, unless written notice has been delivered to the Servicer, the Owner Trustee and the Indenture Trustee, shall be held by the Collateral Agent in the State of New York.

Appears in 1 contract

Sources: Asset Pool Supplement (First Usa Credit Card Master Trust)