Common use of Additional Sellers Clause in Contracts

Additional Sellers. The Depositor and the Depositor Loan Trustee agree that, subject to the satisfaction of the conditions set forth below, any Affiliate of OneMain Financial may be added as a party to this Agreement (an “Accession”) as a “Seller” (each such Person, an “Additional Seller”), upon the Depositor’s and the Depositor Loan Trustee’s receipt of a written request from OneMain Financial requesting that such Additional Seller be added to this Agreement as a Seller at least five (5) days prior to the first proposed sale of Eligible Loans by such Additional Seller: (a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially in the form of Exhibit C hereto with respect to such Additional Seller; (b) notice of any Accession and the related Additional Seller shall have been provided to each Rating Agency; (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of OneMain Financial stating that such Accession is not reasonably expected to result in an Adverse Effect; (d) the duties and obligations of the Additional Seller under this Agreement shall be fully guaranteed by the Performance Support Provider pursuant to the Performance Support Agreement; and (e) as of the effective date of such Accession, the conditions precedent applicable to such Additional Seller as set forth in Exhibit D shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Seller as a “Seller” hereunder.

Additional Sellers. The Depositor and the Depositor Loan Trustee agree that, subject to the satisfaction of the conditions set forth below, any Affiliate of OneMain Financial may be added as a party to this Agreement (an “Accession”) as a “Seller” (each such Person, an “Additional Seller”), upon the Depositor’s and the Depositor Loan Trustee’s receipt of a written request from OneMain Financial requesting that such Additional Seller be added to this Agreement as a Seller at least five (5) days prior to the first proposed sale of Eligible Loans by such Additional Seller: (a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially in the form of Exhibit C hereto with respect to such Additional Seller; (bSeller;(b) notice of any Accession and the related Additional Seller shall have been provided to each Rating Agency; (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of OneMain Financial stating that such Accession is not reasonably expected to result in an Adverse Effect; (d) the duties and obligations of the Additional Seller under this Agreement shall be fully guaranteed by the Performance Support Provider pursuant to the Performance Support Agreement; and (e) as of the effective date of such Accession, the conditions precedent applicable to such Additional Seller as set forth in Exhibit D shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Seller as a “Seller” hereunder.