Removal of Eligible Accounts. (a) On each Determination Date on which Accounts are removed from the Trust pursuant to Section 2.07 of the Pooling and Servicing Agreement, the Buyer shall be deemed to have offered to the Seller automatically and without notice to or action by or on behalf of the Buyer, the right to remove Eligible Accounts from the operation of this Agreement in the manner prescribed in Section 2.06(b).
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)
Removal of Eligible Accounts. (a) On each Determination Date on which Accounts Accounts, including all amounts then held by the Trust or thereafter received by the Trust with respect to such Accounts, are removed from the Trust pursuant to Section 2.07 of the Pooling and Servicing Agreement, the Buyer shall be deemed to have offered to the Seller automatically and without notice to or action by or on behalf of the Buyer, the right to remove Eligible Accounts from the operation of this Agreement in the manner prescribed in Section 2.06(b).
Appears in 1 contract
Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables LLC)
