Common use of Addition of Accounts Clause in Contracts

Addition of Accounts. (a) If (i) RFC III is required, pursuant to Section 2.09(a) of the Pooling and Servicing Agreement, to designate additional accounts to the Trust, or (ii) RFC III elects, pursuant to Section 2.09(b) of the Pooling and Servicing Agreement, to designate additional accounts to the Trust, then in either case RFC III, at its option, may give written notice thereof to Centurion; provided, however, that such notice shall be provided on or before the eighth (8th) Business Day immediately preceding the related addition date. Upon receipt of such notice and on or prior to such addition date, Centurion shall designate sufficient Eligible Accounts as Aggregate Addition Accounts and shall sell to RFC III the Purchased Assets related to such Aggregate Addition Accounts. In addition, at its option and with the consent of RFC III, Centurion may designate Eligible Accounts as Aggregate Addition Accounts and sell to RFC III the Purchased Assets related to such Aggregate Addition Accounts.

Addition of Accounts. (a) If (i) RFC III IV is required, pursuant to Section 2.09(a) of the Pooling and Servicing Agreement, to designate additional accounts to the Trust, or (ii) RFC III IV elects, pursuant to Section 2.09(b) of the Pooling and Servicing Agreement, to designate additional accounts to the Trust, then in either case RFC IIIIV, at its option, may give written notice thereof to CenturionFSB; provided, however, that such notice shall be provided on or before the eighth (8th) Business Day immediately preceding the related addition date. Upon receipt of such notice and on or prior to such addition date, Centurion FSB shall designate sufficient Eligible Accounts as Aggregate Addition Accounts and shall sell to RFC III IV the Purchased Assets related to such Aggregate Addition Accounts. In addition, at its option and with the consent of RFC IIIIV, Centurion FSB may designate Eligible Accounts as Aggregate Addition Accounts and sell to RFC III IV the Purchased Assets related to such Aggregate Addition Accounts.