Common use of Reassignment of Ineligible Receivables Clause in Contracts

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vii), (viii), (ix) or (x) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII is required under Subsection 2.6(a) of the Transfer Agreement to accept reassignment of such Receivables previously sold by TRS to RFC VIII pursuant to this Agreement, TRS shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b).

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (viivi), (viii), (ixvii) or (xviii) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII IV is required under Subsection 2.6(a2.05(a) of the Transfer Pooling and Servicing Agreement to accept reassignment of such Receivables previously sold by TRS FSB to RFC VIII IV pursuant to this Agreement, TRS FSB shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b).

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vii), (viii), (ix) or (x) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII the Depositor is required under Subsection 2.6(a) of the Transfer Agreement to accept reassignment of such Receivables previously sold by TRS TD to RFC VIII the Depositor pursuant to this Agreement, TRS TD shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b).

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vi), (vii), (viii), (ix) or (xix) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII V is required under Subsection 2.6(a) of the Transfer and Servicing Agreement to accept reassignment of such Receivables previously sold by TRS to RFC VIII V pursuant to this Agreement, TRS shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b).