The Distribution Account. The Trustee, for the benefit of the ------------------------- Series 1998-8 Certificateholders, shall cause to be established and maintained in the name of the Trust, with an office or branch of a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, a non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly ------------- -------- indicating that the funds deposited therein are held in trust for the benefit of the Series 1998-8 Certificateholders.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
The Distribution Account. The Trustee, for the benefit of the ------------------------- Series ------------------------ 1998-8 1 Certificateholders, shall cause to be established and maintained in the name of the Trust, with an office or branch of a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, a non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly ------------- -------- indicating that the funds deposited therein are held in trust for the benefit of the Series 1998-8 Certificateholders.interest
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
The Distribution Account. The Trustee, for the benefit of the ------------------------- Series 1998-8 7 Certificateholders, shall cause to be established and maintained in the name of the Trust, with an office or branch of a Qualified Institution (other than the Transferor), which shall initially be the Paying Agent, a non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly ------------- -------- -------------------- indicating that the funds deposited therein are held in trust for the benefit of the Series 1998-8 7 Certificateholders.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)