Common use of Addition of Accounts Clause in Contracts

Addition of Accounts. (a) The Seller may from time to time offer to voluntarily designate additional Eligible Accounts (including Partial Accounts) to be included as Accounts, subject to the conditions specified in paragraph (b) below. If any such offer is accepted by the Buyer, Receivables and Collateral Security from such Additional Accounts shall be sold to the Buyer effective on a date (the "Addition Date") specified in a written notice provided by the Seller (or the Servicer on its behalf) to the Buyer and any Enhancement Providers specifying the Additional Cut-Off Date and the Addition Date for such Additional Accounts (the "Addition Notice") on or before the fifth Business Day but not more than 30th day prior to the related Addition Date (the `Notice Date"). The Addition Notice shall also specify whether such Additional Accounts are Partial Accounts.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Pooling and Servicing Agreement (Carco Auto Loan Master Trust)

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Addition of Accounts. (a) The Seller may from time to -------------------- time offer to voluntarily designate additional Eligible Accounts (including Partial Accounts) to be included as Accounts, subject to the conditions specified in paragraph (b) below. If any such offer is accepted by the BuyerPurchaser, Receivables and Collateral Security from such Additional Accounts shall be sold to the Buyer Purchaser effective on a date (the "Addition Date") specified in a written notice provided by the Seller (or ------------- the Servicer on its behalf) to the Buyer Purchaser and any Enhancement Providers specifying the Additional Cut-Off Date and the Addition Date for such Additional Accounts (the "Addition Notice") on or before the fifth tenth Business Day but not --------------- more than the 30th day prior to the related Addition Date (the `"Notice Date"). The Addition Notice shall also specify whether such Additional Accounts are Partial Accounts.-----------

Appears in 1 contract

Samples: Receivables Purchase Agreement (Bombardier Receivables Master Trust I)

Addition of Accounts. (a) The Seller may from time to time offer to voluntarily designate additional Eligible Accounts (including Partial Accounts) to be included as Accounts, subject to the conditions specified in paragraph (b) below. If any such offer is accepted by the Buyer, Receivables and Collateral the Related Security from such Additional Accounts shall be sold to the Buyer effective on a date (the "Addition Date") specified in a written notice provided by the Seller (or the Master Servicer on its behalf) to the Buyer and any Enhancement Providers specifying the Additional Cut-Off Date and the Addition Date for such Additional Accounts (the "Addition Notice") on or before the fifth Business Day but not more than the 30th day prior to the related Addition Date (the `"Notice Date"). The Addition Notice shall also specify whether such Additional Accounts are Partial Accounts.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables LLC)

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Addition of Accounts. (a) The Seller may from time to time offer to voluntarily designate additional Eligible Accounts (including Partial Accounts) to be included as Accounts, subject to the conditions specified in paragraph (b) below. If any such offer is accepted by the Buyer, Receivables and Collateral Security from such Additional Accounts shall be sold to the Buyer effective on a date (the "Addition Date") specified in a written notice provided by the Seller (or the Servicer on its behalf) to the Buyer and any Enhancement Providers specifying the Additional Cut-Off Date and the Addition Date for such Additional Accounts (the "Addition Notice") on or before the fifth Business Day but not more than 30th day prior to the related Addition Date (the `"Notice Date"). The Addition Notice shall also specify whether such Additional Accounts are Partial Accounts.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)

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