Excess Spread Percentage shall mean, with respect to any Distribution Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.
Expected Principal Payment Date means July 15, 2024.
Initial Dollar Principal Amount means $1,600,000,000.
Indenture means the Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006, and March 17, 2016, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time.
Indenture Supplement means the Card Series Indenture Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time.
Interest Payment Date means the fifteenth day of each month, commencing in September 2021, or if such fifteenth day is not a Business Day, the next succeeding Business Day.
Interest Period means, with respect to any Interest Payment Date, the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) through the day preceding such Interest Payment Date.
Issuance Date means July 22, 2021.
Legal Maturity Date means July 15, 2026.
Maximum Subordination Amount of Class B Notes means, for the Class A(2021-1) Notes for any date of determination, an amount equal to the product of (a) Adjusted Outstanding Dollar Principal Amount of the Class A(2021-1) Notes on such date of determination and (b) the percentage equivalent of a fraction, the numerator of which is 9 and the denominator of which is 79.00.
Note Interest Rate means a rate per annum equal to 0.55%.
Paying Agent means The Bank of New York Mellon.
Portfolio Yield means, with respect to any Monthly Period, the annualized percentage equivalent of a fraction:
(a) the numerator of which is equal to the sum of: