Common use of Shared Excess Clause in Contracts

Shared Excess. Available Finance Charge Collection Groups and Other Groups. The Issuer shall reallocate and redistribute certain excess Finance Charge Collections allocated to any Series to cover Series Available Finance Charge Collections Shortfalls incurred by Series belonging to any particular Shared Excess Available Finance Charge Collections Group to the extent and as specified in the related Indenture Supplements. The Issuer may also establish other Groups for purposes of reallocating other amounts initially allocated to designated Series to the extent and as specified in the related Indenture Supplements. [END OF ARTICLE III]

Appears in 3 contracts

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

Shared Excess. Available Finance Charge Collection Groups and Other Groups. Groups The Issuer shall reallocate and redistribute certain excess Finance Charge Collections allocated to any Series to cover Series Available Finance Charge Collections Shortfalls incurred by Series belonging to any particular Shared Excess Available Finance Charge Collections Group to the extent and as specified in the related Indenture Supplements. The Issuer may also establish other Groups for purposes of reallocating other amounts initially allocated to designated Series to the extent and as specified in the related Indenture Supplements. [END OF ARTICLE III].

Appears in 1 contract

Sources: Indenture (Chase Manhattan Bank Usa)