Common use of Dividing or Combining Receivable Interests Clause in Contracts

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Agent may, upon notice to and consent by the other received at least three Business Days prior to the end of a Tranche Period for any Receivable Interest, take any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, a Receivable Interest of FALCON may not be -------- ---- combined with a Receivable Interest of the Investors.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Agent may, upon notice to and consent by the other received at least three Business Days not later than the applicable time required under SECTION 1.3(A) prior to the end of a Tranche Period for any Receivable Interest, take any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, PROVIDED THAT a Receivable Interest of FALCON may not be -------- ---- combined with a Receivable Interest of the Investors.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Agent may, upon notice to and consent by the other received at least three Business Days prior to the end of a Tranche Period for any Receivable Interest, take any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided thatPROVIDED THAT, a Receivable Interest of FALCON Falcon may not be -------- ---- combined with a Receivable Interest of the Investors.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the any Managing Agent may, upon notice to and consent by the other received at least three Business Days prior to the end of a Tranche Period for any Receivable Interest, take any of the following actions with respect to such any related Receivable Interest: (i) divide the such Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the such Receivable Interest with another Receivable Interest with a Tranche Period ending on the same dayday and owned by the related Conduit, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such a related Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, a Receivable Interest of FALCON a Conduit may not be -------- ---- combined with a Receivable Interest of the Investorsany Investor.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Agent may, upon notice to and consent by the other received at least three Business Days prior to not later than the end of a Tranche Period Required Notice Time for any Receivable Interest, take any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, that a Receivable Interest of FALCON Falcon may not be -------- ---- combined with a Receivable Interest of the Investors.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Agent may, upon notice to and consent by the other received at least three Business Days prior to the end of time a Tranche Period for any Receivable Interestand Discount Rate is selected pursuant to Section 1.3(a), take -------------- any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined combined, or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, that a Receivable Interest of FALCON PREFCO may not be -------- ---- combined with a Receivable Interest of the Investors.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Administrative Agent may, upon notice to and consent by the other received at least three Business Days prior to the end of a Tranche Period for any Receivable Interest, take any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, a Receivable Interest of FALCON Falcon may not be -------- ---- combined with a Receivable Interest of the InvestorsInvestors and a Receivable Interest that shall have arisen from a Dollar Purchase shall not be combined with a Receivable Interest that shall have arisen from a DM Purchase.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the any Managing Agent may, upon notice to and consent by the other received at least three Business Days prior to the end of a Tranche Period for any Receivable InterestInterest funded by an Investor, take any of the following actions with respect to such any related Receivable Interest: (i) divide the such Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the such Receivable Interest with another Receivable Interest with a Tranche Period ending on the same dayday and owned by the related ConduitInvestor, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchasera related PurchaserInvestor, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, a Receivable Interest of FALCON a Conduit may not be -------- ---- combined with a Receivable Interest of the Investorsany Investor.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Agent may, upon notice to and consent by the other Purchaser received at least three not later than two (2) Business Days prior to the end of a Tranche Period for any Receivable Interest, take any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, that a Receivable Interest of FALCON to which the CP Rate is applicable may not be -------- ---- combined with a Receivable Interest of to which the InvestorsLIBO Rate is applicable.

Dividing or Combining Receivable Interests. The Seller ------------------------------------------ or the Agent may, upon notice to and consent by the other received at least three Business Days prior to the end of a Tranche Period for any Receivable Interest, take any of the following actions with respect to such Receivable Interest: (i) divide the Receivable Interest into two or more Receivable Interests having aggregate Capital equal to the Capital of such divided Receivable Interest, (ii) combine the Receivable Interest with another Receivable Interest with a Tranche Period ending on the same day, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined or (iii) combine the Receivable Interest with a Receivable Interest to be purchased on such day by such Purchaser, creating a new Receivable Interest having Capital equal to the Capital of the two Receivable Interests combined, provided that, a Receivable Interest of FALCON Falcon may not be -------- ---- combined with a Receivable Interest of the Investors.