Common use of Additional Transferors Clause in Contracts

Additional Transferors. The Transferor may designate Affiliates of the Transferor or of any Account Owner to be included as Transferors (each, an “Additional Transferor”) under this Agreement in an amendment hereto pursuant to subsection 7.1(a) and, in connection with such designation, such Transferor shall (i) if the Transferor Interest is evidenced in uncertificated form, direct the Owner Trustee to register in the books and records of the Trust such Additional Transferor’s interest in the Transferor Interest or (ii) if the Transferor Interest is evidenced in certificated form, surrender such certificate to the Owner Trustee in exchange for a newly issued certificate modified to reflect such Additional Transferor’s interest in the Transferor Interest; provided, however, that each Additional Transferor shall agree in such amendment hereto to assume all of the duties and obligations of a Transferor hereunder; and provided further that prior to any such designation and exchange, (i) the Owner Trustee shall have received an Issuer Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax Opinion, if applicable, and (iv) any additional conditions to the transfer of a Beneficial Interest provided in Section 3.02 of the Trust Agreement shall have been satisfied.

Additional Transferors. The Transferor may designate Affiliates of the Transferor or of any Account Owner to be included as Transferors a Transferor (each, an “Additional TransferorTransferors”) under this Agreement in by an amendment hereto pursuant to subsection 7.1(a) andSection 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor’s Interest evidenced by the Base Certificate as provided in Section 6.01 hereof, then in connection with such designation, such the Transferor shall (i) if surrender the Transferor Interest is evidenced in uncertificated form, direct the Owner Trustee to register in the books and records of the Trust such Additional Transferor’s interest in the Transferor Interest or (ii) if the Transferor Interest is evidenced in certificated form, surrender such certificate Base Certificate to the Owner Trustee in exchange for a newly issued certificate Base Certificate modified to reflect such Additional Transferor’s Interest. If the Transferor elects to have its interest in the Transferor’s Interest be uncertificated as provided in Section 6.01, the Transferor Interest; provided, however, that each shall instruct the Trustee in writing to register the Additional Transferor shall agree in such amendment hereto to assume all as the owner of the duties appropriate interest in the Transferor’s Interest on the books and obligations records of a Transferor hereunder; and provided further that prior the Trust. Prior to any such designation and exchange, (i) the Owner Trustee shall have received of an Issuer Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax OpinionAdditional Transferor and, if applicable, and (iv) any additional exchange of certificates, the conditions to the transfer of a Beneficial Interest provided set forth in Section 3.02 of the Trust Agreement 6.03(c) shall have been satisfied.

Additional Transferors. The Transferor may designate Affiliates of the Transferor or of any Account Owner to be included as Transferors a Transferor (each, an “"Additional Transferor”Transferors") under this Agreement in by an amendment hereto pursuant to subsection 7.1(a) andSection 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor's Interest evidenced by the Base Certificate as provided in Section 6.01 hereof, then in connection with such designation, such the Transferor shall (i) if surrender the Transferor Interest is evidenced in uncertificated form, direct the Owner Trustee to register in the books and records of the Trust such Additional Transferor’s interest in the Transferor Interest or (ii) if the Transferor Interest is evidenced in certificated form, surrender such certificate Base Certificate to the Owner Trustee in exchange for a newly issued certificate Base Certificate modified to reflect such Additional Transferor’s 's Interest. If the Transferor elects to have its interest in the Transferor's Interest be uncertificated as provided in Section 6.01, the Transferor Interest; provided, however, that each shall instruct the Trustee in writing to register the Additional Transferor shall agree in such amendment hereto to assume all as the owner of the duties appropriate interest in the Transferor's Interest on the books and obligations records of a Transferor hereunder; and provided further that prior the Trust. Prior to any such designation and exchange, (i) the Owner Trustee shall have received of an Issuer Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax OpinionAdditional Transferor and, if applicable, and (iv) any additional exchange of certificates, the conditions to the transfer of a Beneficial Interest provided set forth in Section 3.02 of the Trust Agreement 6.03(c) shall have been satisfied.