Common use of Removal of Eligible Accounts Clause in Contracts

Removal of Eligible Accounts. (a) On each Determination Date the Seller shall have the right to remove from the Trust Accounts in the manner prescribed in Section 2.07(b).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)

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Removal of Eligible Accounts. (a) On each Determination Date the 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 from the Trust Accounts in the manner prescribed in Section 2.07(b2.7(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)

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Removal of Eligible Accounts. (a) On each Determination Date the Seller shall have the right to remove from the Trust Eligible Accounts in the manner prescribed in Section 2.07(b2.7(b). The termination of an Account by a Dealer upon such Dealer's payment in full of the Receivables in the related Account shall not be a removal of such Account for purposes of this Section 2.7.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CDF Funding, Inc.)

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