Receivables to be Accounts. Except in connection with the enforcement or collection of an Account, Transferor will take no action to cause any Receivable transferred by it to Issuer to be evidenced by any instrument and, if any such Receivable is so evidenced (whether or not in connection with the enforcement or collection of an Account), it shall be deemed to be an Ineligible Receivable in accordance with Section 2.4(d) and shall be reassigned to Transferor in accordance with Section 2.4(d).
Appears in 3 contracts
Sources: Transfer Agreement (Bread Financial Holdings, Inc.), Transfer and Servicing Agreement, Transfer and Servicing Agreement (Alliance Data Systems Corp)
Receivables to be Accounts. Except in connection with the enforcement or collection of an Account, Transferor will take no action to cause any Receivable transferred by it to Issuer the Trust to be evidenced by any instrument and, if any such Receivable is so evidenced (whether or not in connection with the enforcement or collection of an Account), it shall be deemed to be an Ineligible Receivable in accordance with Section SECTION 2.4(d) and shall be reassigned to Transferor in accordance with Section 2.4(dSECTION 2.4(e).
Appears in 1 contract
Sources: Transfer and Servicing Agreement (World Financial Network Credit Card Master Trust)
Receivables to be Accounts. Except in connection with the enforcement or collection of an Account, Transferor will take no action to cause any Receivable transferred by it to Issuer the Trust to be evidenced by any instrument and, if any such Receivable is so evidenced (whether or not in connection with the enforcement or collection of an Account), it shall be deemed to be an Ineligible Receivable in accordance with Section 2.4(dSECTION 2.5(a) and shall be reassigned to Transferor in accordance with Section 2.4(dSECTION 2.5(b).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust)
Receivables to be Accounts. Except in connection with the enforcement or collection of an Account, Transferor will take no action to cause any Receivable transferred by it to Issuer the Trust to be evidenced by any instrument and, if any such Receivable is so evidenced (whether or not in connection with the enforcement or collection of an Account), it shall be deemed to be an Ineligible Receivable in accordance with Section 2.4(d2.5(a) and shall be reassigned to Transferor in accordance with Section 2.4(d2.5(b).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Alliance Data Systems Corp)