Automatic Removal. In the event of a breach with respect to a Receivable of any of the representations and warranties set forth in subsection 2.04(b)(iii) or in the event that a Receivable is not an Eligible Receivable as a result of the failure to satisfy the conditions set forth in clause (iv) of the definition of an Eligible Receivable, and either of the following two conditions is met:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (American Express Centurion Bank), Master Pooling and Servicing Agreement (American Express Centurion Bank), Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Automatic Removal. In the event of a breach with respect to a Receivable of any of the representations and warranties set forth in subsection 2.04(b)(iii) Section 9(b)(iii), or in the event that a Receivable is not an Eligible Receivable as a result of the failure to satisfy the conditions set forth in clause (iv) of the definition of an Eligible Receivable, and either of the following two conditions is met:
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Yamaha Motor Receivables Corp), Receivable Purchase Agreement (American Express Centurion Bank)
Automatic Removal. In the event of If a breach exists with respect to a Receivable of any of the representations and warranties set forth in subsection 2.04(b)(iii) 2.04(a)(i), or in the event that if a Receivable is not an Eligible Receivable as due to a result breach of the failure to satisfy the conditions set forth in clause (ivd) of the definition of an Eligible Receivable, and either any of the following two conditions is metoccurs:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)
Automatic Removal. In the event of a breach with respect to a Receivable of any of the representations and warranties set forth in subsection 2.04(b)(iii2.4(b)(iii) or in the event that a Receivable is not an Eligible Receivable as a result of the failure to satisfy satis- fy the conditions set forth in clause (iv) of the definition of an Eligible Receivable, and either of the following two conditions is met:
Appears in 1 contract
