Common use of Removal of Accounts Clause in Contracts

Removal of Accounts. (a) Subject to the conditions set forth below, after the FCMT Termination Date, Seller may designate from time to time Accounts no longer to be designated for inclusion in the Issuer (the "Removed Accounts"); provided, however, that ---------------- -------- ------- Seller shall not make more than one such designation in any Monthly Period. On or before the fifth Business Day (the "Removal Notice Date") prior to the date ------------------- on which Removed Accounts shall be designated (the "Removal Date"), Seller shall ------------ give the Owner Trustee, the Servicer and each Enhancement Provider written notice that the Receivables from such Removed Accounts are to be retransferred to Seller.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Spiegel Inc), Transfer and Servicing Agreement (First Consumers Master Trust), Transfer and Servicing Agreement (First Consumers Master Trust)

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Removal of Accounts. (a) Subject to the conditions set forth below, after the FCMT SMT Termination Date, Seller may designate from time to time Accounts no longer to be designated for inclusion in the Issuer (the "Removed Accounts"); ---------------- provided, however, that ---------------- -------- ------- Seller shall not make more than one such -------- ------- designation in any Monthly Period. On or before the fifth Business Day (the "Removal Notice Date") prior to the date ------------------- on which Removed Accounts shall be ------------------- designated (the "Removal Date"), Seller shall ------------ give the Owner Trustee, the ------------ Servicer and each Enhancement Provider written notice that the Receivables from such Removed Accounts are to be retransferred to Seller.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Spiegel Master Trust)

Removal of Accounts. (a) Subject to the conditions set forth below, after the FCMT SMT Termination Date, Seller may designate from time to time Accounts no longer to be designated for inclusion in the Issuer (the "Removed Accounts"); provided, however, that ---------------- -------- ------- Seller shall not make more than one such designation in any Monthly Period. On or before the fifth Business Day (the "Removal Notice Date") prior to the date ------------------- on which Removed Accounts shall be designated (the "Removal Date"), Seller shall ------------ give the Owner Trustee, the Servicer and each Enhancement Provider written notice that the Receivables from such Removed Accounts are to be retransferred to Seller.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Spiegel Master Trust)

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Removal of Accounts. (a) Subject to the conditions set forth below, after the FCMT Termination Date, Seller may designate from time to time Accounts no longer to be designated for inclusion in the Issuer (the "Removed Accounts"); provided, ---------------- -------- however, that ---------------- -------- ------- Seller shall not make more than one such designation in any ------- Monthly Period. On or before the fifth Business Day (the "Removal Notice Date") ------------------- prior to the date ------------------- on which Removed Accounts shall be designated (the "Removal ------- Date"), Seller shall ------------ give the Owner Trustee, the Servicer and each Enhancement ---- Provider written notice that the Receivables from such Removed Accounts are to be retransferred to Seller.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (First Consumers Master Trust)

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