Removal of Eligible Accounts. (a) On each Determination Date, the Transferor shall have the right to remove Accounts, including all amounts then held by the Trust or thereafter received by the Trust in respect of the Accounts being removed, from the Trust in the manner prescribed in Section 2.7(b). The termination of an Account by a Dealer upon such Dealer's payment in full of the related Account shall not be a removal of such Account under this Section 2.7.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)
Removal of Eligible Accounts. (a) On each Determination Date, Date the Transferor shall have the right to remove Accounts, including all amounts then held by the Trust or thereafter received by the Trust in respect of the Accounts being removed, from the Trust in the manner prescribed in Section 2.7(b). The termination of an Account by a Dealer upon such Dealer's payment in full of the related Account shall not be a removal of such Account under this Section 2.7.
Appears in 2 contracts
Samples: Trust Sale and Servicing Agreement (Wodfi LLC), Trust Sale and Servicing Agreement (Wodfi LLC)
Removal of Eligible Accounts. (a) On each Determination Date, Date the Transferor Seller shall have the right to remove Accounts, including all amounts then held by the Trust or thereafter received by the Trust Eligible Accounts in respect of the Accounts being removed, removed from the Trust in the manner prescribed in Section 2.7(b). The Notwithstanding any other provision of this Agreement, the termination of an Account by a Dealer upon such Dealer's payment in full of the related Account shall not be a result in automatic removal of such Account under this Section 2.7without the need to take any action.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust)
Removal of Eligible Accounts. (a) On each ------------------------------ Determination Date, Date the Transferor shall have the right to remove Accounts, including all amounts then held by the Trust or thereafter received by the Trust in respect of the Accounts being removed, from the Trust in the manner prescribed in Section 2.7(b2.07(b). The termination of an Account by a Dealer upon such Dealer's payment in full of the related Account shall not be a removal of such Account under this Section 2.7.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ford Credit Auto Receivables LLC)
Removal of Eligible Accounts. (a) On each Determination Date, ---------------------------- Date the Transferor Seller shall have the right to remove Accounts, including all amounts then held by the Trust or thereafter received by the Trust in respect of the Accounts being removed, removed from the Trust in the manner prescribed in Section 2.7(b). The termination of an Account by a Dealer upon such Dealer's payment in full of the related Account shall not be a removal of such Account under this Section 2.7.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
