Common use of Addition of Accounts Clause in Contracts

Addition of Accounts. (a) Offers to Designate Additional Accounts. From time to time, the Seller may, at its option, offer to designate and the Purchaser may, at its option, request the designation of, one or more Eligible Accounts (each, an "Additional Account") to be included in the Schedule of Accounts, subject to the conditions specified in Section 2.03(b) below. If the Purchaser, at its option, elects to accept any such offer by the Seller or if the Seller, at its option, agrees to any such request of the Purchaser, the Seller shall sell and assign to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Seller's right, title and interest in, to and under all of the Eligible Receivables in each such Additional Account, pursuant to Section 2.01(b)(ii), effective as of the Addition Date specified in a written notice provided by the Servicer, on behalf of the Seller, to the Purchaser (the "Seller Addition Notice"). Effective as of each such Addition Date, such Additional Account shall be deemed to be a Scheduled Account and Eligible Receivables arising therein from and after the Additional Cut-Off Date shall be subject to purchase under Section 2.01(b)(ii) above. Each Seller Addition Notice shall specify the related Additional Cut-Off Date and shall be given (with a copy to the Rating Agencies) on or before the fifth Business Day but not more than 30 days prior to the related Addition Date.

Addition of Accounts. (a) Offers to Designate Additional Accounts. From time to time, the Original Seller may, at its option, offer to designate and the Purchaser may, at its option, request the designation of, one or more Eligible Accounts (each, an "Additional Account") to be included as Accounts in the Schedule Pool of Accounts, subject to the conditions specified in Section 2.03(b) below. If the Purchaser, at its option, elects to accept any such offer by the Original Seller or if the Original Seller, at its option, agrees to any such request of the Purchaser, the Original Seller shall sell and assign to the Purchaser, and the Purchaser shall purchase from the Original Seller, all of the Original Seller's right, title and interest in, to and under all of the Eligible Receivables in each such Additional AccountAccount as of the related Additional Cut-Off Date and all monies due or to become due thereon after such date, pursuant to all Collateral Security with respect thereto, all amounts received with respect thereto and all proceeds thereof (including "proceeds" as defined in Section 2.01(b)(ii9-102 of the UCC and Recoveries), effective as of the Addition Date specified in a written notice provided by the Servicer, on behalf of the Original Seller, to the Purchaser (the "the Original Seller Addition Notice"). Effective as of each such Addition Date, such Additional Account shall be deemed to be a Scheduled Account included in the Pool of Accounts and Eligible Receivables arising therein from and after the Additional Cut-Off Date shall be subject to purchase under Section 2.01(b)(ii2.01(b) above. Each the Original Seller Addition Notice shall specify the related Additional Cut-Off Date and shall be given (with a copy to the Rating Agencies) on or before the fifth Business Day but not more than 30 days prior to the related Addition Date.

Addition of Accounts. (a) Offers to Designate Additional AccountsOFFERS TO DESIGNATE ADDITIONAL ACCOUNTS. From time to time, the Seller GMAC may, at its option, offer to designate and the Purchaser may, at its option, request the designation of, one or more Eligible Accounts (each, an "Additional AccountADDITIONAL ACCOUNT") to be included as Accounts in the Schedule Pool of Accounts, subject to the conditions specified in Section 2.03(bSECTION 2.03(B) below. If the Purchaser, at its option, elects to accept any such offer by the Seller GMAC or if the SellerGMAC, at its option, agrees to any such request of the Purchaser, the Seller GMAC shall sell and assign to the Purchaser, and the Purchaser shall purchase from the SellerGMAC, all of the SellerGMAC's right, title and interest in, to and under all of the Eligible Receivables in each such Additional AccountAccount as of the related Additional Cut-Off Date and all monies due or to become due thereon after such date, pursuant to Section 2.01(b)(iiall Collateral Security with respect thereto, all amounts received with respect thereto and all proceeds thereof (including "proceeds" as defined in SECTION 9-306 of the UCC and Recoveries), effective as of the Addition Date specified in a written notice provided by the Servicer, on behalf of the SellerGMAC, to the Purchaser (the "Seller Addition NoticeGMAC ADDITION NOTICE"). Effective as of each such Addition Date, such Additional Account shall be deemed to be a Scheduled Account included in the Pool of Accounts and Eligible Receivables arising therein from and after the Additional Cut-Off Date shall be subject to purchase under Section 2.01(b)(iiSECTION 2.01(B) above. Each Seller GMAC Addition Notice shall specify the related Additional Cut-Cut- Off Date and shall be given (with a copy to the Rating Agencies) on or before the fifth Business Day but not more than 30 days prior to the related Addition Date.

Addition of Accounts. (a) Offers to Designate Additional Accounts. From time to time, the Seller GMAC may, at its option, offer to designate and the Purchaser may, at its option, request the designation of, one or more Eligible Accounts (each, an "Additional Account") to be included as Accounts in the Schedule Pool of Accounts, subject to the conditions specified in Section 2.03(b) below. If the Purchaser, at its option, elects to accept any such offer by the Seller GMAC or if the SellerGMAC, at its option, agrees to any such request of the Purchaser, the Seller GMAC shall sell and assign to the Purchaser, and the Purchaser shall purchase from the SellerGMAC, all of the SellerGMAC's right, title and interest in, to and under all of the Eligible Receivables in each such Additional AccountAccount as of the related Additional Cut-Off Date and all monies due or to become due thereon after such date, pursuant to all Collateral Security with respect thereto, all amounts received with respect thereto and all proceeds thereof (including "proceeds" as defined in Section 2.01(b)(ii9-306 of the UCC and Recoveries), effective as of the Addition Date specified in a written notice provided by the Servicer, on behalf of the SellerGMAC, to the Purchaser (the "Seller GMAC Addition Notice"). Effective as of each such Addition Date, such Additional Account shall be deemed to be a Scheduled Account included in the Pool of Accounts and Eligible Receivables arising therein from and after the Additional Cut-Off Date shall be subject to purchase under Section 2.01(b)(ii2.01(b) above. Each Seller GMAC Addition Notice shall specify the related Additional Cut-Off CutOff Date and shall be given (with a copy to the Rating Agencies) on or before the fifth Business Day but not more than 30 days prior to the related Addition Date.

Addition of Accounts. (a) Offers to Designate Additional Accounts. From time to time, the Seller GMAC may, at its option, offer to designate and the Purchaser may, at its option, request the designation of, one or more Eligible Accounts (each, an "Additional Account") to be included as Accounts in the Schedule Pool of Accounts, subject to the conditions specified in Section 2.03(b) below. If the Purchaser, at its option, elects to accept any such offer by the Seller GMAC or if the SellerGMAC, at its option, agrees to any such request of the Purchaser, the Seller GMAC shall sell and assign to the Purchaser, and the Purchaser shall purchase from the SellerGMAC, all of the SellerGMAC's right, title and interest in, to and under all of the Eligible Receivables in each such Additional AccountAccount as of the related Additional Cut-Off Date and all monies due or to become due thereon after such date, pursuant to Section 2.01(b)(iiall Collateral Security with respect thereto, all amounts received with respect thereto and all proceeds thereof (including "proceeds" as defined in the UCC and Recoveries), effective as of the Addition Date specified in a written notice provided by the Servicer, on behalf of the SellerGMAC, to the Purchaser (the "Seller GMAC Addition Notice"). Effective as of each such Addition Date, such Additional Account shall be deemed to be a Scheduled Account included in the Pool of Accounts and Eligible Receivables arising therein from and after the Additional Cut-Off Date shall be subject to purchase under Section 2.01(b)(ii2.01(b) above. Each Seller GMAC Addition Notice shall specify the related Additional Cut-Off Date and shall be given (with a copy to the Rating Agencies) on or before the fifth Business Day but not more than 30 days prior to the related Addition Date.

Addition of Accounts. (a) Offers to Designate Additional Accounts. From time to time, the Seller GMAC may, at its option, offer to designate and the Purchaser may, at its option, request the designation of, one or more Eligible Accounts (each, an "Additional Account") to be included as Accounts in the Schedule Pool of Accounts, subject to the conditions specified in Section 2.03(b) below. If the Purchaser, at its option, elects to accept any such offer by the Seller GMAC or if the SellerGMAC, at its option, agrees to any such request of the Purchaser, the Seller GMAC shall sell and assign to the Purchaser, and the Purchaser shall purchase from the SellerGMAC, all of the SellerGMAC's right, title and interest in, to and under all of the Eligible Receivables in each such Additional AccountAccount as of the related Additional Cut-Off Date and all monies due or to become due thereon after such date, pursuant to all Collateral Security with respect thereto, all amounts received with respect thereto and all proceeds thereof (including "proceeds" as defined in Section 2.01(b)(ii9-306 of the UCC and Recoveries), effective as of the Addition Date specified in a written notice provided by the Servicer, on behalf of the SellerGMAC, to the Purchaser (the "Seller GMAC Addition Notice"). Effective as of each such Addition Date, such Additional Account shall be deemed to be a Scheduled Account included in the Pool of Accounts and Eligible Receivables arising therein from and after the Additional Cut-Off Date shall be subject to purchase under Section 2.01(b)(ii2.01(b) above. Each Seller GMAC Addition Notice shall specify the related Additional Cut-Off Date and shall be given (with a copy to the Rating Agencies) on or before the fifth Business Day but not more than 30 days prior to the related Addition Date.

Addition of Accounts. (a) Offers to Designate Additional Accounts. From time to time, the Original Seller may, at its option, offer to designate and the Purchaser may, at its option, request the designation of, one or more Eligible Accounts (each, an "Additional Account") to be included as Accounts in the Schedule Pool of Accounts, subject to the conditions specified in Section 2.03(b) below. If the Purchaser, at its option, elects to accept any such offer by the Original Seller or if the Original Seller, at its option, agrees to any such request of the Purchaser, the Original Seller shall sell and assign to the Purchaser, and the Purchaser shall purchase from the Original Seller, all of the Original Seller's right, title and interest in, to and under all of the Eligible Receivables in each such Additional AccountAccount as of the related Additional Cut-Off Date and all monies due or to become due thereon after such date, pursuant to all Collateral Security with respect thereto, all amounts received with respect thereto and all proceeds thereof (including "proceeds" as defined in Section 2.01(b)(ii9-306 of the UCC and Recoveries), effective as of the Addition Date specified in a written notice provided by the Servicer, on behalf of the Original Seller, to the Purchaser (the "the Original Seller Addition Notice"). Effective as of each such Addition Date, such Additional Account shall be deemed to be a Scheduled Account included in the Pool of Accounts and Eligible Receivables arising therein from and after the Additional Cut-Off Date shall be subject to purchase under Section 2.01(b)(ii2.01(b) above. Each the Original Seller Addition Notice shall specify the related Additional Cut-Off Date and shall be given (with a copy to the Rating Agencies) on or before the fifth Business Day but not more than 30 days prior to the related Addition Date.