Removal of Accounts and Participation Interests. On any day of any Monthly Period, each Transferor shall have the right to require the reassignment to it or its designee of all the Trust’s right, title and interest in, to and under the Receivables then existing and thereafter created, all monies due or to become due and all amounts received thereafter with respect thereto and all proceeds thereof in or with respect to the Accounts specified herein (the “Removed Accounts”) or Participation Interests conveyed to the Trust by such Transferor (the “Removed Participation Interests”) (unless otherwise set forth in the applicable Participation Interest Supplement or Series Supplement), and designated for removal by the Transferor, upon satisfaction of the conditions in clauses (i), (iii), (iv) and (v) below:
Appears in 6 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Removal of Accounts and Participation Interests. On any day of any Monthly Period, each Transferor shall have the right to require the reassignment to it or its designee of all the Trust’s 's right, title and interest in, to and under the Receivables then existing and thereafter created, all monies due or to become due and all amounts received thereafter with respect thereto and all proceeds thereof in or with respect to the Accounts specified herein (the “"Removed Accounts”") or Participation Interests conveyed to the Trust by such Transferor (the “"Removed Participation Interests”") (unless otherwise set forth in the applicable Participation Interest Supplement or Series Supplement), and designated for removal by the Transferor, upon satisfaction of the conditions in clauses (i), (iii), (iv) and (v) below:
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii), Pooling and Servicing Agreement (American Express Credit Account Master Trust)
Removal of Accounts and Participation Interests. On any day of any Monthly Period, each Period the Transferor shall have the right to require the reassignment to it or its designee of all the Trust’s 's right, title and interest in, to and under the Receivables then existing and thereafter created, all monies due or to become due and all amounts received thereafter with respect thereto and all proceeds thereof in or with respect to the Accounts specified herein in a Receivables Purchase Agreement (the “"Removed Accounts”") or Participation Interests conveyed to the Trust by such the Transferor (the “"Removed Participation Interests”") (unless otherwise set forth in the applicable Participation Interest Supplement or Series Supplement), ) and designated for removal by the Transferor, upon satisfaction of the conditions in clauses (i), (iii), (iv) and (v) below:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Credit Card Receivables Funding Corp)
Removal of Accounts and Participation Interests. On ----------------------------------------------- any day of any Monthly Period, each Period the Transferor shall have the right to require the reassignment to it or its designee of all the Trust’s 's right, title and interest in, to and under the Receivables then existing and thereafter created, all monies due or to become due and all amounts received thereafter with respect thereto and all proceeds thereof in or with respect to the certain designated Accounts specified herein (the “"Removed Accounts”") or Participation Interests conveyed to the Trust by such the Transferor (the “"Removed Participation Interests”") (unless otherwise set forth in the applicable Participation Interest Supplement or Series Supplement), ) and designated for removal by the Transferor, upon satisfaction of the conditions in clauses (i), (iii), (iv), (v) and (vvi) below:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First National Bank of Atlanta)
