Common use of Purchase of Receivables Clause in Contracts

Purchase of Receivables. If any covenants of the Servicer under Section 3.04(a)(viii), (ix) or (x) has not been complied with in all material respects with respect to any Eligible Receivable or Account in the Pool of Accounts and such noncompliance has a material adverse effect on the interests of Securityholders or any other Interested Parties in such Receivable or such Account, the Servicer shall purchase such Receivable (or, in the case of a breach affecting less than the entire principal amount of a Receivable, to the extent of the breach) or all Eligible Receivables under such Account (each, an "Administrative Receivable") from the Issuer, on the terms and conditions set forth in this Section 3.04.

Purchase of Receivables. If any covenants of the Servicer under Section 3.04(a)(viiiSections 3.04(a)(vii), (viii), (ix) or (x) has not been complied with in all material respects with respect to any Eligible Receivable or Account in the Pool of Accounts and such noncompliance has a material adverse effect on the interests of Securityholders or any other Interested Parties in such Receivable or such Account, the Servicer shall purchase such Receivable (or, in the case of a breach affecting less than the entire principal amount of a Receivable, to the extent of the breach) or all Eligible Receivables under such Account (each, an "“Administrative Receivable"”) from the Issuer, on the terms and conditions set forth in this Section 3.04.

Purchase of Receivables. If any covenants of the Servicer under Section 3.04(a)(viiiSections 3.04(a)(vii), (viii), (ix) or (x) has not been complied with in all material respects with respect to any Eligible Receivable or Scheduled Account in the Pool of Accounts and such noncompliance has a material adverse effect on the interests of Securityholders or any other Interested Parties in such Receivable or such Account, the Servicer shall purchase such Receivable (or, in the case of a breach affecting less than the entire principal amount of a Receivable, to the extent of the breach) or all Eligible Receivables under such Account (each, an "Administrative Receivable") from the IssuerIssuing Entity, on the terms and conditions set forth in this Section 3.04.

Purchase of Receivables. If any covenants of the Servicer under Section 3.04(a)(viiiSections 3.04(a)(vii), (viii), (ix) or (x) has not been complied with in all material respects with respect to any Eligible Receivable or Account in the Pool of Accounts and such noncompliance has a material adverse effect on the interests of Securityholders or any other Interested Parties in such Receivable or such Account, the Servicer shall purchase such Receivable (or, in the case of a breach affecting less than the entire principal amount of a Receivable, to the extent of the breach) or all Eligible Receivables under such Account (each, an "“Administrative Receivable"”) from the IssuerIssuing Entity, on the terms and conditions set forth in this Section 3.04.

Purchase of Receivables. If any covenants of the Servicer under Section 3.04(a)(viiiSECTION 3.04(A)(VIII), (ixIX) or OR (xX) has not been complied with in all material respects with respect to any Eligible Receivable or Account in the Pool of Accounts and such noncompliance has a material adverse effect on the interests of Securityholders or any other Interested Parties in such Receivable or such Account, the Servicer shall purchase such Receivable (or, in the case of a breach affecting less than the entire principal amount of a Receivable, to the extent of the breach) or all Eligible Receivables under such Account (each, an "Administrative ReceivableADMINISTRATIVE RECEIVABLE") from the Issuer, on the terms and conditions set forth in this Section SECTION 3.04.