The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 2001-3 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (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 2001-3 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
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Bank National Association)
The Finance Charge and Principal Accounts. The Trustee, for the ----------------------------------------- benefit of the Series 2001-3 2 Certificateholders, shall establish and maintain in the name of the Trust with a Qualified Institution (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 2001-3 2 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
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)