Common use of Asset Pools Purchased by Borrower From Parent or Purchase Affiliate Clause in Contracts

Asset Pools Purchased by Borrower From Parent or Purchase Affiliate. The Borrower may from time to time purchase an Asset Pool from the Parent or a Purchase Affiliate if: (i) the Parent or Purchase Affiliate, as applicable, has complied with the applicable provisions therefor contained in the Exclusivity Agreement, (ii) the Borrower has submitted a Borrowing Request to the Lender in connection therewith in accordance with this Section 2.1, which Borrowing Request shall detail the assignment of a Purchase Agreement and/or other security documents to the Borrower in connection with the Parent's or Purchase Affiliate's, as applicable, purchase of the accounts or other assets constituting such Asset Pool from another Person (who shall not be an Affiliated Party) and such other information as the Lender shall require, and (iii) such Borrowing Request has been accepted by the Lender in accordance with this Section 2.1.

Asset Pools Purchased by Borrower From Parent or Purchase Affiliate. The Borrower may from time to time purchase an Asset Pool from the Parent or a Purchase Affiliate if: (i) the Parent or Purchase Affiliate, as applicable, has complied with the applicable provisions therefor contained in the Exclusivity Agreement, (ii) the Borrower has submitted a Borrowing Request to the Lender in connection therewith in accordance with this Section 2.1, which Borrowing Request shall detail the assignment of a Purchase Agreement and/or other security documents to the Borrower in connection with the Parent's ’s or Purchase Affiliate's’s, as applicable, purchase of the accounts or other assets constituting such Asset Pool from another Person (who shall not be an Affiliated Party) and such other information as the Lender shall require, and (iii) such Borrowing Request has been accepted by the Lender in accordance with this Section 2.1.