Common use of Amendment to Section 12 Clause in Contracts

Amendment to Section 12. 04. --------------------------- The first sentence of Section 12.04 is hereby amended and restated in its entirety to read as follows: Upon the termination of the Sellers' obligations and responsibilities with respect to the Trust pursuant to Section 12.01 and the surrender, if applicable, of any certificated Seller Certificate, the Trustee shall sell, assign, and convey to the Holder of the Seller Certificate (without recourse, representation or warranty except for the warranty that since the date of transfer by the Seller under this Agreement the Trustee has not sold, transferred or encumbered any such Receivables or interest therein) all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, and all proceeds thereof and Insurance Proceeds relating thereto except, if applicable, for amounts held by the Trustee pursuant to subsection 12.03(b).

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Discover Card Trust 1993-B), Pooling and Servicing Agreement (Discover Card Trust 1991 F), Pooling and Servicing Agreement (Discover Card Trust 1991 D)

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Amendment to Section 12. 0403. --------------------------- The first sentence of Section 12.04 12.03 is hereby amended and restated in its entirety to read as follows: Upon the termination of the Sellers' obligations and responsibilities with respect to the Trust pursuant to Section 12.01 and the surrender, if applicable, of any certificated Seller Certificate, the Trustee shall sell, assign, and convey to Greenwood on behalf of the Holder of the Seller Certificate (without recourse, representation or warranty except for the warranty that since the date of transfer by the any Seller under this Agreement the Trustee has not sold, transferred or encumbered any such Receivables or interest therein) all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, and all proceeds thereof and Insurance Proceeds relating thereto except, if applicable, for amounts held by the Trustee pursuant to subsection 12.03(bSection 12.02(b).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Discover Card Master Trust I)

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