Common use of Removal of Accounts Clause in Contracts

Removal of Accounts. Purchaser may remove Accounts from the Note Trust in accordance with Section 2.07 of the Transfer and Servicing Agreement. On each day on which Accounts are so removed from the Note Trust pursuant to Section 2.07 of the Transfer and Servicing Agreement, RPA Seller and Purchaser may, but shall not be required to, by mutual agreement, remove Accounts from the operation of this Agreement. RPA Seller agrees to provide to Purchaser such information, certificates, financing statements, opinions and other materials as are reasonably necessary to enable Purchaser to satisfy its obligations under Section 2.07 of the Transfer and Servicing Agreement with respect to the removal of Accounts.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (First National Master Note Trust)

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Removal of Accounts. Purchaser may remove Accounts from the Note Trust in accordance with Section 2.07 2.9 of the Transfer Pooling and Servicing Agreement. On each day on which Accounts are so removed from the Note Trust pursuant to Section 2.07 2.9 of the Transfer Pooling and Servicing Agreement, RPA Seller and Purchaser may, but shall not be required to, by mutual agreement, remove Accounts from the operation of this Agreement. RPA Seller agrees to provide to Purchaser such information, certificates, financing statementsstatement, opinions and other materials as are reasonably necessary to enable Purchaser to satisfy its obligations under Section 2.07 2.9 of the Transfer Pooling and Servicing Agreement with respect to the removal of Accounts.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Alliance Data Systems Corp)

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Removal of Accounts. Purchaser may remove Accounts from the Note Trust in accordance with Section 2.07 2.7 of the Transfer and Servicing Agreement. On each day on which Accounts are so removed from the Note Trust pursuant to Section 2.07 2.7 of the Transfer and Servicing Agreement, RPA Seller and Purchaser may, but shall not be required to, by mutual agreement, remove Accounts from the operation of this Agreement. RPA Seller agrees to provide to Purchaser such information, certificates, financing statementsstatement, opinions and other materials as are reasonably necessary to enable Purchaser to satisfy its obligations under Section 2.07 2.7 of the Transfer and Servicing Agreement with respect to the removal of Accounts.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Alliance Data Systems Corp)

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