Certain Accounting Related Amendments. In addition to being subject to amendment pursuant to any other provisions relating to amendments in either the Agreement or this Supplement, the Agreement or this Supplement may be amended by the Transferors without the consent of the Servicer, the Trustee or any Investor Certificateholder to account for the transfer of assets as sales in accordance with FASB Statement No. 140, including providing for the transfer of receivables from American Express Centurion Bank to a bankruptcy-remote special purpose entity and from that entity to the trust; provided that the Transferors shall have delivered a Tax Opinion on the date of such amendment. Promptly after the effectiveness of any amendment pursuant to this Section 9.04, the Transferors shall deliver a copy of such amendment to each of the Servicer, the Trustee and each Rating Agency.
Appears in 10 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii), Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Certain Accounting Related Amendments. In addition to being subject to amendment pursuant to any other provisions relating to amendments in either the Agreement or this Series Supplement, the Agreement or this Series Supplement may be amended by the Transferors without the consent of the Servicer, the Trustee or any Investor Certificateholder to account for the transfer of assets as sales in accordance with FASB Statement No. 140, including providing for the transfer of receivables from American Express Centurion Bank to a bankruptcy-remote special purpose entity and from that entity to the trustTrustee; provided that the Transferors shall have delivered a Tax Opinion on the date of such amendment. Promptly after the effectiveness of any amendment pursuant to this Section 9.0418, the Transferors shall deliver a copy of such amendment to each of the Servicer, the Trustee and each Rating Agency.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp), Pooling and Servicing Agreement (American Express Master Trust), Pooling and Servicing Agreement (American Express Centurion Bank)
Certain Accounting Related Amendments. In addition to being subject to amendment pursuant to any other provisions relating to amendments in either the Agreement or this Supplement, the Agreement or this Supplement may will be amended by the Transferors without the consent of the Servicer, the Trustee or any Investor Certificateholder to account for the transfer of assets as sales in accordance with FASB Statement No. 140, including providing for the transfer of receivables from American Express Centurion Bank to a bankruptcy-remote special purpose entity and from that entity to the trust; provided that the Transferors shall have delivered a Tax Opinion on the date of such amendment. Promptly after the effectiveness of any amendment pursuant to this Section 9.04, the Transferors shall deliver a copy of such amendment to each of the Servicer, the Trustee and each Rating Agency.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii), Pooling and Servicing Agreement (American Express Centurion Bank)
