Common use of Reassignment of Other Receivables Clause in Contracts

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach TRS is required under Subsection 6.02(b) of the TRS-RFC VIII Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by Centurion to TRS pursuant to this Agreement, Centurion shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b).

Appears in 4 contracts

Samples: Receivables Purchase Agreement (American Express Receivables Financing Corp VIII LLC), Receivables Purchase Agreement (American Express Receivables Financing Corp VIII LLC), Receivables Purchase Agreement

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Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach TRS is required under Subsection 6.02(b) of the TRS-RFC VIII Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by Centurion FSB to TRS pursuant to this Agreement, Centurion FSB shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b).

Appears in 4 contracts

Samples: Receivables Purchase Agreement (American Express Receivables Financing Corp VIII LLC), Receivables Purchase Agreement (American Express Receivables Financing Corp VIII LLC), Receivables Purchase Agreement

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach TRS is required under Subsection 6.02(b) of the TRS-RFC VIII V Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by Centurion FSB to TRS pursuant to this Agreement, Centurion FSB shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b).

Appears in 3 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (American Express Issuance Trust), Receivables Purchase Agreement (American Express Receivables Financing CORP v LLC)

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach TRS is required under Subsection 6.02(b) of the TRS-RFC VIII V Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by Centurion to TRS pursuant to this Agreement, Centurion shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b).

Appears in 3 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (American Express Issuance Trust), Receivables Purchase Agreement (American Express Receivables Financing CORP v LLC)

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Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach TRS is required under Subsection 6.02(b) of the TRS-RFC VIII Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by Centurion the Seller to TRS pursuant to this Agreement, Centurion the Seller shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b).

Appears in 2 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (American Express Receivables Financing Corp VIII LLC)

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