Common use of No Pay Out Event Clause in Contracts

No Pay Out Event. The removal of the Accounts hereby removed shall ---------------- not, in the reasonable belief of the Seller, cause a Pay Out Event to occur or cause the Transferor Interest to be less than the Minimum Transferor Interest;

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Greentree Floorplan Funding Corp), Receivables Purchase Agreement (Greentree Floorplan Funding Corp)

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No Pay Out Event. The removal of the Accounts hereby removed shall ---------------- not, in the reasonable belief of the Seller, cause a Pay Out Event to occur or cause the Transferor Interest Pool Balance to be less than the Minimum Transferor InterestAggregate Principal Receivables;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

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No Pay Out Event. The removal of the Accounts hereby removed shall ---------------- not, in the reasonable belief of the Seller, cause a Pay Out Event to occur or cause the Transferor Interest Pool Balance to be less than the Minimum Transferor InterestAggregate Principal Receivables;

Appears in 1 contract

Samples: Receivables Purchase Agreement (Green Tree Financial Corp)

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