Common use of NOTATION OF ADJUSTMENTS Clause in Contracts

NOTATION OF ADJUSTMENTS. Each Class A Certificateholder shall and is hereby authorized to record on the grid attached to its Class A Certificate (or, at such Class A Certificateholder's option, in its internal books and records) the date and amount of any Class A Increase Amount purchased by it and the Class A Adjusted Amount, and each repayment of the Class A Interest (including payments effecting a reduction pursuant to subsection 4.16(a) or (b) above), provided that failure to make any such recordation on such grid or any error in such grid shall not adversely affect such Class A Certificateholder's rights with respect to its Class A Interest and its right to receive Class A Monthly Interest Payment on such Class A Adjusted Amount. The Trustee shall not be responsible for the accuracy of any information on any such Class A Certificate grid or with respect to the Certificateholder's notations in its internal books and records.

Appears in 1 contract

Sources: VFC Series 1998 Supplement (Dillard Asset Funding Co)

NOTATION OF ADJUSTMENTS. Each Class A Certificateholder shall shall, and is hereby authorized to to, record on the grid attached to its Class A Certificate (or, at such Class A Certificateholder's option, in its internal books and records) the date and amount of any Class A portion of any Increase Amount purchased by it and its portion of the Class A related Adjusted Amount, and each repayment of the its Class A Interest Certificate (including payments effecting a reduction pursuant to subsection 4.16(a4.11(a) or (b) above), provided that failure to make any such recordation on such grid or any error in such grid shall not adversely affect such Class A Certificateholder's rights with respect to its Class A Interest and or its right to receive Class A Monthly Interest Payment on such Class A Adjusted AmountPayments. The Trustee shall not be responsible for the accuracy of any information on any such Class A Certificate grid or with respect to the Certificateholder's notations in its internal books and records.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Bankcard Master Credit Card Trust)