Common use of Additional Transferors Clause in Contracts

Additional Transferors. Transferor may designate additional or substitute Persons to be included as Transferors under this Agreement by an amendment to this Agreement (which amendment shall be subject to Section 13.1 and to any applicable restrictions in the Supplement for any outstanding Series); provided that prior to any such designation and issuance the conditions set forth in Section 6.3(b) and the Rating Agency Condition shall have been satisfied.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First National Bank of Commerce), Pooling and Servicing Agreement (First National Bank of Commerce)

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Additional Transferors. Transferor may designate additional or substitute Persons to be included as Transferors under this Agreement by an amendment to this Agreement (which amendment shall be subject to Section SECTION 13.1 and to any applicable restrictions in the Supplement for any outstanding Series)) and, in connection with such designation, the initial Transferor shall transfer a portion of the Transferor Interest to such additional Transferor reflecting such additional Transferor's interest in the Transferor Interest; provided that PROVIDED THAT prior to any such designation and issuance the conditions set forth in Section 6.3(bSECTION 6.3(d) and the Rating Agency Condition shall have been satisfied.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust), Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust)

Additional Transferors. Transferor may designate additional or substitute Persons to be included as Transferors under this Agreement by an amendment to this Agreement (which amendment shall be subject to Section 13.1 and to any applicable restrictions in the Supplement for any outstanding Series)) and, in connection with such designation, the initial Transferor shall surrender the Transferor Certificate to Trustee in exchange for a newly issued Transferor Certificate reflecting such additional Transferor's interest in the Transferor Interest; provided that prior to any such designation and issuance the conditions set forth in Section 6.3(b6.3(c) and the Rating Agency Condition shall have been satisfied.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (World Financial Network National Bank)

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Additional Transferors. Transferor may designate additional or substitute Persons to be included as Transferors under this Agreement by an amendment to this Agreement (which amendment shall be subject to Section 13.1 and to any applicable restrictions in the Supplement for any outstanding Series)) and, in connection with such designation, the initial Transferor shall surrender a portion of the Transferor Interest to such additional Transferor reflecting such additional Transferor’s interest in the Transferor Interest; provided that prior to any such designation and issuance the conditions set forth in Section 6.3(b6.3(d) and the Rating Agency Condition shall have been satisfied.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alliance Data Systems Corp)

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