Common use of Automatic Account Additions Clause in Contracts

Automatic Account Additions. (i) Each Transferor may from time to time, at its sole discretion, subject to and in compliance with the limitations specified in clause (ii) below and the applicable conditions specified in clauses (iii) through (vii) below, designate Eligible Accounts ("Automatic Additional Accounts") to be included as Accounts as of the applicable Addition Date. For purposes of this paragraph, Eligible Accounts shall be deemed to include only consumer revolving credit card accounts of the same nature as those included as Initial Accounts.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I), Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)

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Automatic Account Additions. (i) Each Transferor may from time to time, at its sole discretion, subject to and in compliance with the limitations specified in clause (ii) below and the applicable conditions specified in clauses (iii) through (vii) below, designate Eligible Accounts ("Automatic Additional Accounts") to be included as Accounts as of the applicable Addition Date. For purposes of this paragraph, Eligible Accounts shall be deemed to include only consumer revolving credit card accounts of the same nature as those included as Initial Accounts.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nextcard Inc)

Automatic Account Additions. (i) Each Transferor may from time to time, at its sole discretion, subject to and in compliance with the limitations specified in clause (ii) below and the applicable conditions specified in clauses clause (iii) through (viiv) below, designate Eligible Accounts ("Automatic Additional which Accounts may be Included Accounts") to be included as Accounts as of the applicable Addition DateDate (the "Automatic Additional Designated Assets"). For purposes of this paragraph, Eligible Accounts shall be deemed to include only consumer revolving credit card accounts of the same nature as those included as Initial Accounts.this

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Corp)

Automatic Account Additions. (i) Each Transferor may from time to time, at its sole discretion, subject to and in compliance with the limitations specified in clause (ii) below and the applicable conditions specified in clauses (iii) through (vii) below, designate Eligible Accounts ("Automatic Additional Accounts") to be included as Accounts as of the applicable Addition Date. For purposes of this paragraph, Eligible Accounts shall be deemed to include only consumer revolving credit card accounts which are originated by a Transferor or any Affiliate of the same nature as those included as Initial Accountsa Transferor.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

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Automatic Account Additions. (i) Each Transferor may from time to time, at its sole discretion, subject to and in compliance with the limitations specified in clause (ii) below and the applicable conditions specified in clauses paragraph (iii) through (viie) below, voluntarily designate additional Eligible Accounts ("Automatic Additional Accounts") to be included as Accounts as of the applicable Addition DateAutomatic Additional Accounts. For purposes of this paragraph, Eligible Accounts shall be deemed to include only consumer revolving credit card accounts of originated under the same nature Merchant Agreement or Conseco Developed Program as those Accounts which were included as Initial AccountsAccounts or were previously added as Additional Accounts after satisfying the Rating Agency Condition.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Conseco Finance Credit Card Funding Corp)

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