Glossary of Defined Terms
“Account Owner” means JPMorgan Chase Bank (as successor by merger to Chase Bank USA, National Association) or any affiliate which is the issuer of the credit card relating to an account pursuant to a credit card agreement.
“Asset Pool One” means the collateral granted to the Collateral Agent pursuant to the Asset Pool One Supplement.
“Asset Pool One Notes” means the notes designated in an indenture supplement as being secured by the collateral of Asset Pool One.
“Asset Pool One Supplement” means the Third Amended and Restated Asset Pool Supplement, to the Fourth Amended and Restated Indenture, dated as of January 20, 2016, by and between the issuing entity and the Indenture Trustee and Collateral Agent, for the benefit of the parties listed in the granting clause of the Asset Pool One Supplement.
“Business Day” means, unless otherwise indicated, any day other than a Saturday, a Sunday or a day on which banking institutions in New York, New York, Wilmington, Delaware or Minneapolis, Minnesota are authorized or obligated by law, executive order or governmental decree to be closed.
“Collateral Agent” means Wells Fargo Bank, National Association, a national banking association.
“Collateral Certificate Principal Shortfall Payments” means remaining excess principal collections received on collateral certificates designated for inclusion in the issuing entity in respect of remaining shortfalls in Principal Collections for series of notes after application of shared excess available principal collections.
“Default Amount” means, for any month, the sum of:
| • | | with respect to credit card receivables in the issuing entity, an amount, which may not be less than zero, equal to (1) the aggregate amount of principal receivables, other than Ineligible Receivables, in each Defaulted Account that became a Defaulted Account during that month, on the day that revolving credit card account became a Defaulted Account, minus (2) the aggregate amount of Recoveries received in that month, and |
| • | | with respect to any collateral certificate in the issuing entity, the investor default amount or similar amount allocated to the holder of the collateral certificate for that month. |
“Defaulted Accounts” means revolving credit card accounts, the credit card receivables of which have been written off as uncollectible by the applicable servicer.
“Finance Charge Collections” means, for any month, the sum of (1) with respect to credit card receivables designated for inclusion in the issuing entity, all collections received by the servicer on behalf of the issuing entity of finance charge receivables (including collections of discount receivables and Recoveries received for that month to the extent those Recoveries exceed the aggregate amount of principal receivables (other than Ineligible Receivables) in Defaulted Accounts that became Defaulted Accounts with respect to that month), (2) with respect to any collateral certificate designated for inclusion in the issuing entity, collections of finance charge receivables allocated to the holder of the collateral certificate for that month and (3) any amounts received by the issuing entity which are designated as Finance Charge Collections. Finance Charge Collections with respect to any month will include the amount of Interchange (if any) deposited into the applicable collection account on the First Note Transfer Date following that month.
“First Note Transfer Date” means, for any month, the initial Note Transfer Date for any series, class or tranche of notes in that month.
“Indenture Trustee” means Wells Fargo Bank, National Association, a national banking association.
“Ineligible Receivable” means a credit card receivable which has been transferred to the issuing entity which fails to meet one or more of the representations or warranties contained in the transfer and servicing agreement.