Common use of Removal of Accounts and Participation Interests Clause in Contracts

Removal of Accounts and Participation Interests. (a) Once per 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 Recoveries related thereto after the Removal Date, all monies due or to become due and all amounts received or receivable with respect thereto, and all proceeds thereof in or with respect to certain specified Accounts (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 Indenture Supplement) and designated for removal by the Transferor, upon satisfaction of the following conditions:

Removal of Accounts and Participation Interests. (a) Once per On any day of any Monthly Period, 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 Recoveries related thereto after the Removal Date, all monies due or to become due and all amounts received or receivable with respect thereto, and all proceeds thereof in or with respect to certain specified the Accounts (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 Indenture Supplement) and designated for removal by the Transferor, upon satisfaction of the following conditionsconditions in clauses (i) through (vi) below: