Common use of Reassignment of Ineligible Receivables Clause in Contracts

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii) or (viii) 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 [ ] is required to accept reassignment of Ineligible Receivables previously sold by the Seller to [ ] pursuant to Section 2.05(a) of the Pooling and Servicing Agreement, the Seller shall accept reassignment of [ ]'s interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b).

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Gs Mortgage Securities Corp), Receivables Purchase Agreement (Goldman Sachs Asset Backed Securities Corp)

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Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii), (viii) or (viiiix) is not true and correct in any material respect as of the date specified therein with respect to any Transferred Receivable or the related Account and as a result of such breach [ ] the Purchaser is required to accept reassignment of Ineligible Receivables previously sold by the Seller to [ ] the Purchaser pursuant to Section 2.05(a) of the Pooling Transfer and Servicing Agreement, the Seller shall accept reassignment of [ ]'s interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Nordstrom Credit Inc)

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii) or (viii) 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 [ ] the Purchaser is required to accept reassignment of Ineligible Receivables previously sold by the Seller to [ ] the Purchaser pursuant to Section 2.05(a) of the Pooling Transfer and Servicing Agreement, the Seller shall accept reassignment of [ ]'s interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Nordstrom Inc)

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii), (viii) or (viiiix) 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 [ ] the Company is required to accept reassignment of Ineligible Receivables previously sold by HRAC to the Seller to [ ] Company pursuant to Section 2.05(a) of the Pooling Transfer and Servicing Agreement, the Seller HRAC shall accept reassignment of [ ]the Company's interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Hrsi Funding Inc Ii)

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii), (viii) or (viiiix) 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 [ ] the Purchaser is required to accept reassignment of Ineligible Receivables previously sold by the Seller to [ ] the Purchaser pursuant to Section 2.05(a) of the Pooling Transfer and Servicing Agreement, the Seller shall accept reassignment of [ ]'s interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Nordstrom Inc)

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii) or (viii) 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 [ ] ACE is required to accept reassignment of Ineligible Receivables previously sold by the Seller to [ ] ACE pursuant to Section 2.05(a) of the Pooling and Servicing Agreement, the Seller shall accept reassignment of [ ]ACE's interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ace Securities Corp)

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Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii), (viii) or (viiiix) is not true and correct in any material respect as of the date specified therein with respect to any Transferred Receivable or the related Account and as a result of such breach [ ] the Purchaser is required to accept reassignment of Ineligible Receivables previously sold by the either Seller to [ ] the Purchaser pursuant to Section 2.05(a) of the Pooling Transfer and Servicing Agreement, the applicable Seller shall accept reassignment of [ ]'s interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b).

Appears in 1 contract

Samples: Note Purchase Agreement (Bon Ton Stores Inc)

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii4.2(a)(ii), (iii), (iv), (vi), (vii) or (viii) 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 [ ] the Purchaser is required to accept reassignment of Ineligible Receivables previously sold by the Seller to [ ] the Purchaser pursuant to Section 2.05(a2.5(a) of the Pooling and Servicing Agreement, the Seller shall accept reassignment of [ ]the Purchaser's interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b6.1(b).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Partners First Receivables Funding Corp)

Reassignment of Ineligible Receivables. (a) In the event any representation or warranty under Section 4.02(a)(ii), (iii), (iv), (vi), (vii), (viii) or (viiiix) 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 [ ] the Company is required to accept reassignment of Ineligible Receivables previously sold by the a Seller to [ ] the Company pursuant to Section 2.05(a) of the Pooling Transfer and Servicing Agreement, the applicable Seller shall accept reassignment of [ ]the Company's interest in such Ineligible Receivables on the terms and conditions set forth in Section 6.01(b)) of this Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Household Consumer Loan Corp Ii)

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