Common use of Early Amortization Event Clause in Contracts

Early Amortization Event. Transferor reasonably believes that (A) the removal of the Receivables existing in the Removed Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in a selection of Removed Accounts from among any pools of Accounts of a similar type that would be materially adverse to the interests of the Investor Holders of any Series as of the Removal Date; and

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust), Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust), Pooling and Servicing Agreement (World Financial Network National Bank)

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Early Amortization Event. The Transferor reasonably believes that (A) the removal of the Receivables existing in the Removed Accounts will not, based on the facts known to the Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized believed by the Transferor which would result in a selection of Removed Accounts from among any pools of Accounts of a similar type that would to be materially adverse to the interests of the Investor Holders Certificateholders has been used in removing Removed Accounts from among any pool of any Series Accounts or Participations of a similar type as of the Removal Date; and;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Target Corp), Pooling and Servicing Agreement (Target Receivables Corp)

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Early Amortization Event. Transferor reasonably believes that (A) the removal of the Receivables existing in the Removed Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in a selection of Removed Accounts from among any pools of Accounts of a similar type that would be materially adverse to the interests of the Investor Holders of any Series as of the Removal Date; ;] and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alliance Data Systems Corp)

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