Acknowledgement and Agreement of RPA Seller. (a) RPA Seller expressly acknowledges and agrees that all of Purchaser’s right, title, and interest in, to and under this Agreement, including all of Purchaser’s right, title, and interest in and to the Receivables purchased pursuant to this Agreement, will be assigned by Purchaser to the Certificate Trust Trustee for the benefit of the Holders and after the Certificate Trust Termination Date will be assigned by Purchaser to the Note Trust, and RPA Seller consents to such assignment. Additionally, RPA Seller agrees for the benefit of the Indenture Trustee, the Holders and the Note Trust that any amounts payable by RPA Seller to Purchaser hereunder which are to be paid by Purchaser to Indenture Trustee for the benefit of the Holders shall be paid by RPA Seller, on behalf of Purchaser, directly to Indenture Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (First National Master Note Trust)
Acknowledgement and Agreement of RPA Seller. (a) By execution below, RPA Seller expressly acknowledges and agrees that all of Purchaser’s 's right, title, and interest in, to to, and under this Agreement, including all of Purchaser’s 's right, title, and interest in and to the Receivables purchased pursuant to this Agreement, will be assigned by Purchaser to the Certificate Trust Trustee for the benefit of the Holders and after the Certificate Trust Termination Date will be assigned by Purchaser to the Note Trust, and RPA Seller consents to such assignment. Additionally, RPA Seller agrees for the benefit of the Indenture Certificate Trust Trustee, the Holders and the Note Trust that any amounts payable by RPA Seller to Purchaser hereunder which are to be paid by Purchaser to Indenture Receivables Trust Trustee for the benefit of the Holders shall be paid by RPA Seller, on behalf of Purchaser, directly to Indenture Receivables Trust Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (World Financial Network Credit Card Master Trust), Receivables Purchase Agreement (World Financial Network Credit Card Master Trust)
Acknowledgement and Agreement of RPA Seller. (a) RPA Seller expressly acknowledges and agrees that all of Purchaser’s 's right, title, and interest in, to and under this Agreement, including all of Purchaser’s 's right, title, and interest in and to the Receivables purchased pursuant to this Agreement, will be assigned by Purchaser to the Certificate Trust Trustee for the benefit of the Holders and after the Certificate Trust Termination Date will be assigned by Purchaser to the Note Trust, and RPA Seller consents to such assignment. Additionally, RPA Seller agrees for the benefit of the Indenture Certificate Trust Trustee, the Holders and the Note Trust that any amounts payable by RPA Seller to Purchaser hereunder which are to be paid by Purchaser to Indenture Receivables Trust Trustee for the benefit of the Holders shall be paid by RPA Seller, on behalf of Purchaser, directly to Indenture Receivables Trust Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (First Bankcard Master Credit Card Trust), Receivables Purchase Agreement (First Bankcard Master Credit Card Trust)
