Common use of Optional Removal of Accounts Clause in Contracts

Optional Removal of Accounts. (a) On any Business Day the Depositor shall have the right from time to time (which it may not exercise more than once in any calendar month) as described in this Section 2.8 to require the removal of Accounts and all of the Receivables related to such Accounts from the Pool of Accounts. To so remove Accounts and/or the related Receivables, the Depositor (or the Servicer on its behalf) shall take the following actions and make the following determinations:

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1), Trust Sale and Servicing Agreement (Wholesale Auto Receivables Corp), Trust Sale and Servicing Agreement (SWIFT Master Auto Receivables Trust)

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