Common use of Reassignment of Receivables Clause in Contracts

Reassignment of Receivables. In the event (i) any --------------------------- representation or warranty contained in subsection 2.04(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 such breach has a material adverse effect on any Receivable included in the Noteholders' Collateral (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) unless cured within 60 days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee and the Servicer) after the earlier to occur of the discovery thereof by each Transferor which conveyed such Receivables to the Trust or receipt by such Transferor of written notice thereof given by the Owner Trustee, Indenture Trustee or the Servicer, or (ii) it is so provided in subsection 2.07(a) with respect to any Receivables conveyed to the Trust by such Transferor, then such Transferor shall accept reassignment of all Receivables included in the Noteholders' Collateral in the related Account ("Ineligible Receivables") on the terms and conditions set forth in ---------------------- paragraph (b) below.

Reassignment of Receivables. In the event (i) any --------------------------- representation or warranty contained in subsection 2.04(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 such breach has a material adverse effect on any Receivable included in the Noteholders' Collateral Interest in any Receivable (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) unless cured within 60 sixty (60) days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee and the Servicer) after the earlier to occur of the discovery thereof by each the Transferor which conveyed such Receivables to the Trust or receipt by such Transferor of written notice thereof given by the Owner Trustee, the Indenture Trustee or the Servicer, or (ii) it is so provided in subsection 2.07(a) with respect to any Receivables conveyed to the Trust by such Transferor, then such Transferor shall accept reassignment of all Receivables included in the Noteholders' Collateral in the related Account ("Ineligible Receivables") on the terms and conditions set forth in ---------------------- paragraph (b) below.

Reassignment of Receivables. In the event (i) any representation --------------------------- representation or warranty contained in subsection 2.04(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 such breach has a material adverse effect on any Receivable included in the Noteholders' Collateral (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) unless cured within 60 days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee and the Servicer) after the earlier to occur of the discovery thereof by each the Transferor which conveyed such Receivables to the Trust or receipt by such the Transferor of written notice thereof given by the Owner Trustee, the Indenture Trustee or the Servicer, or (ii) it is so provided in subsection 2.07(a) with respect to any Receivables conveyed to the Trust by such Transferor, then such Transferor shall accept reassignment of all Receivables included in the Noteholders' Collateral in the related Account ("Ineligible ---------- Receivables") on the terms and conditions set forth in ---------------------- paragraph (b) below.. -----------

Reassignment of Receivables. In the event (i) any --------------------------- representation or warranty of a Seller contained in subsection 2.04(a)(ii), (iii), (iv), (vivii), (viiviii), (ix) or (viiix) is not true and correct in any material respect as of the date specified therein with respect to any Receivable transferred to the Trust by such Seller or an Account owned by such Seller and as a result of such breach any Receivables in the related Account become Defaulted Receivables or the Trust's rights in, to or under such Receivables or the proceeds of such Receivables are impaired or such proceeds are not available for any reason to the Trust free and such breach has a material adverse effect on clear of any Receivable included in the Noteholders' Collateral (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) Lien, unless cured within 60 days (or such longer period, not in excess of 120 150 days, as may be agreed to by the Indenture Trustee and the ServicerTrustee) after the earlier to occur of the discovery thereof by each Transferor which conveyed such Receivables to the Trust Seller or receipt by such Transferor Seller of written notice thereof given by the Owner Trustee, Indenture Trustee or the Servicer, or (ii) it is so provided in subsection 2.07(a) with respect to any Receivables conveyed transferred to the Trust by such TransferorSeller, then such Transferor Seller shall accept reassignment of all Receivables included in the Noteholders' Collateral in the related Account ("Ineligible Receivables") on the terms and conditions set forth in ---------------------- paragraph (b) below.; provided, however, that such Receivables will not be deemed to be Ineligible Receivables and will not be reassigned to such Seller if, on any day prior to the end of

Reassignment of Receivables. In the event (i) any --------------------------- representation or warranty contained in subsection 2.04(a)(ii), (iii), (iv), (vi), (vii), (viii),(ix) (xvi) or (viiixvii) 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 such breach has a material adverse effect on any Receivable included in the Noteholders' Collateral (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) unless cured within 60 sixty (60) days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee and the ServicerServicer in writing) after the earlier to occur of the discovery thereof by each the Transferor which conveyed such Receivables to the Trust or receipt by such Transferor of written notice thereof given by the Owner Trustee, the Indenture Trustee or the Servicer, (ii) any representation or warranty contained in subsection 2.04(a)(iii) is not true and correct in any material respect as of the date specified therein with respect to any Receivable and such breach has a material adverse effect on any Receivable (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) or (iiiii) it is so provided in subsection 2.07(a) with respect to any Receivables conveyed to the Trust by such Transferor, then such Transferor shall accept reassignment of all Receivables included in the Noteholders' Collateral in the related Account ("“Ineligible Receivables"”) on the terms and conditions set forth in ---------------------- paragraph (b) below.

Reassignment of Receivables. In the event (i) any --------------------------- representation or warranty contained in subsection 2.04(a)(ii), (iii), (iv), (vi), (vii), (viii),(ix), (x), (xvi) or (viiixvii) 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 such breach has a material adverse effect on any Receivable included in the Noteholders' Collateral (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) unless cured within 60 sixty (60) days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee and the ServicerServicer in writing) after the earlier to occur of the discovery thereof by each the Transferor which conveyed such Receivables to the Trust or receipt by such Transferor of written notice thereof given by the Owner Trustee, the Indenture Trustee or the Servicer, (ii) any representation or warranty contained in subsection 2.04(a)(iii) is not true and correct in any material respect as of the date specified therein with respect to any Receivable and such breach has a material adverse effect on any Receivable (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) or (iiiii) it is so provided in subsection 2.07(a) with respect to any Receivables conveyed to the Trust by such Transferor, then such Transferor shall accept reassignment of all Receivables included in the Noteholders' Collateral in the related Account ("“Ineligible Receivables"”) on the terms and conditions set forth in ---------------------- paragraph (b) below.

Reassignment of Receivables. In the event (i) any --------------------------- representation or warranty contained in subsection 2.04(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 such breach has a material adverse effect on the Certificateholders' Interest in any Receivable included in the Noteholders' Collateral (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) unless cured within 60 days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee and the Servicer) after the earlier to occur of the discovery thereof by each the Transferor which or the Predecessor Transferor of which conveyed such Receivables to the Trust or receipt by such Transferor of written notice thereof given by the Owner Trustee, Indenture Trustee or the Servicer, or (ii) it is so provided in subsection 2.07(a) or 2.09(d)(iii) with respect to any Receivables conveyed to the Trust by such Transferor, then such Transferor shall accept reassignment of the Certificateholders' Interest in all Receivables included in the Noteholders' Collateral in the related Account ("Ineligible Receivables") on the terms and conditions set forth in ---------------------- paragraph (b) below.

Reassignment of Receivables. In the event (i) any --------------------------- representation or warranty contained in subsection 2.04(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 such breach has a material adverse effect on any Receivable included the interest of the Noteholders in the Noteholders' Collateral Receivables (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement) unless cured within 60 sixty (60) days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee and the Servicer) after the earlier to occur of the discovery thereof by each the Transferor which conveyed such Receivables to the Trust or receipt by such Transferor of written notice thereof given by the Owner Trustee, the Indenture Trustee or the Servicer, or (ii) it is so provided in subsection 2.07(a) with respect to any Receivables conveyed to the Trust by such Transferor, then such Transferor shall accept reassignment of all Receivables included in the Noteholders' Collateral in the related Account ("Ineligible Receivables") on the terms and conditions set forth in ---------------------- paragraph (b) below.