The Distribution Account. The Trustee, for the benefit of the Series 1999-_ 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 1999-_ Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1999-_ Certificateholders."
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Sources: Pooling and Servicing Agreement Supplement (First Usa Credit Card Master Trust)
The Distribution Account. The Trustee, for the benefit of the Series 1999-_ 1997-5 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- 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 1999-_ 1997-5 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1999-_ 1997-5 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 1999-_ 1997-4 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- non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly indicating indi- cating that the funds deposited therein are held in trust for the benefit of the Series 1999-_ 1997-4 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1999-_ 1997-4 Certificateholders."
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The Distribution Account. The Trustee, for the benefit of the Series 1999-_ 1997-3 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- non-interest bearing segregated account (the "Distribution Account") bearing a designation clearly indicating indi- cating that the funds deposited therein are held in trust for the benefit of the Series 1999-_ 1997-3 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Distribution Account and in all proceeds thereof. The Distribution Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 1999-_ 1997-3 Certificateholders."
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