Common use of The Finance Charge and Principal Accounts Clause in Contracts

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC Certificateholder, shall establish and maintain in the name of the Trust with a Qualified Institution, which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002-CC Certificateholder. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC Certificateholder. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC Certificateholder.

Appears in 4 contracts

Sources: Amended and Restated Series Supplement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Bank One Delaware National Association), Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders, shall establish and maintain in the State of New York with the Paying Agent in the name of the Trust with a Qualified Institution, which shall initially be the Paying Agent, two segregated trust accounts Eligible Deposit Accounts (the "Finance Charge Account" and the "Principal Account," ", respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002Investor Certificateholders; provided, however, that each of such accounts may be established as sub-CC Certificateholderaccounts of the Collection Account. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders.

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (Dillard Asset Funding Co), Pooling and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Dillard Asset Funding Co)

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC CertificateholderNoteholders, shall establish and maintain in the name State of New York or in the city in which the Corporate Trust Office is located, with a Qualified Institution, which shall initially be in the Paying Agent, name of the Issuer two non-interest bearing segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), each bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002-CC CertificateholderNoteholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC CertificateholderNoteholders. Pursuant to authority granted to it hereunderhereunder and in the Sale and Servicing Agreement, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or duties under the Trustee's duties hereunderSale and Servicing Agreement. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC CertificateholderNoteholders.

Appears in 1 contract

Sources: Base Indenture (A I Receivables Transfer Corp)

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 20021997-CC Certificateholder5 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified InstitutionInstitution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 20021997-CC Certificateholder5 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 20021997-CC Certificateholder5 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 20021997-CC Certificateholder5 Certificateholders.

Appears in 1 contract

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

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders, shall establish and maintain with a Qualified Institution, which may include the Trustee, in the name of the Trust with a Qualified Institution, which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders.

Appears in 1 contract

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

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders, shall establish and maintain with the Trustee in the name of the Trust with a Qualified Institution, which shall initially be the Paying Agent, Trustee two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control “control” (within the meaning of Sections 8-106 and 9-104 of the UCC as in effect in the applicable jurisdiction) of the Trustee for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's ’s or the Trustee's ’s duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders.

Appears in 1 contract

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

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders, shall establish and maintain in the name State of New York or in the city in which the Corporate Trust Office is located, with a Qualified Institution, which shall initially be in the Paying Agent, name of the Trust two non-interest bearing segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), each bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (A I Receivables Corp)

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders, shall establish and maintain in the State of New York with the Paying Agent in the name of the Trust with a Qualified Institution, which shall initially be the Paying Agent, two segregated trust accounts Eligible Deposit Accounts (the "Finance Charge Account" and the "Principal Account," ”, respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002Investor Certificateholders; provided, however, that each of such accounts may be established as sub-CC Certificateholderaccounts of the Collection Account. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's ’s duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders.

Appears in 1 contract

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

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 20021997-CC Certificateholder3 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified InstitutionInstitution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 20021997-CC Certificateholder3 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 20021997-CC Certificateholder3 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 20021997-CC Certificateholder3 Certificateholders.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Usa Inc)

The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 20021996-CC Certificateholder8 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified InstitutionInstitution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge -------------- Account" and the "Principal Account," respectively), bearing ------- ----------------- a designation clearly indicating that the funds therein are held for the benefit of the Series 20021996-CC Certificateholder8 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 20021996-CC Certificateholder8 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 20021996-CC Certificateholder8 Certificateholders.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Usa Inc)

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders, shall establish and maintain with the Trustee in the name of the Trust with a Qualified Institution, which shall initially be the Paying Agent, Trustee two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control “control” (within the meaning of Sections 8-106 and 9-104 of the UCC as in effect in the applicable jurisdiction) of the Trustee for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's ’s or the Trustee's ’s duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives accurate records reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2002-CC CertificateholderInvestor Certificateholders.

Appears in 1 contract

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

The Finance Charge and Principal Accounts. The Trustee, for the benefit of the Series 20021997-CC Certificateholder4 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified InstitutionInstitution (other than the Transferor), which shall initially be the Paying Agent, two segregated trust accounts (the "Finance Charge Account" and the "Principal Account," respectively), bearing a designation clearly indicating that the funds therein are held for the benefit of the Series 20021997-CC Certificateholder4 Certificateholders. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account and the Principal Account and in all proceeds thereof. The Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 20021997-CC Certificateholder4 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 20021997-CC Certificateholder4 Certificateholders.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Usa Inc)