Common use of Withdrawals from the Class D Reserve Account Clause in Contracts

Withdrawals from the Class D Reserve Account. Withdrawals for any Tranche of Class D Notes will be made from the applicable Class D Reserve sub-Account as specified below. (a) Payments of Interest; Payments with Respect to Derivative Agreements for Interest, Accretion on Discount Notes. If the amount on deposit in the Interest Funding sub- Account for any Tranche of Class D Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 4.13, on the Transfer Date immediately preceding the date of such payment, an amount equal to that deficiency will be withdrawn from the Class D Reserve sub-Account for such Tranche and deposited into the Interest Funding sub-Account for such Tranche.

Appears in 2 contracts

Sources: Wfcardseries Indenture Supplement (WF Card Funding LLC), Indenture Supplement (WF Card Issuance Trust)