Common use of Required Additions of Supplemental Accounts Clause in Contracts

Required Additions of Supplemental Accounts. Subject to the second following sentence, if during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”) to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-day period, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject to the following sentence, if on any Business Day the Aggregate Principal Balance is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate Principal Balance will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer on or before the tenth Business Day following such thirty-day period or Business Day (the “Required Designation Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“Participation Interests”). Any addition of Participation Interests to Issuer (whether pursuant to this paragraph (b) or paragraph (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection 9.1(a).

Required Additions of Supplemental Accounts. Subject to the second following sentence, if If during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”) to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-day periodAmount, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer the Trust during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject to the following sentenceIn addition, if on any Business Day Record Date the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer the Trust on or before the tenth Business Day following such thirty-day period or Business Day (the “Required Designation Record Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer the Trust participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor Credit Card Originator or any of its Affiliates and collections thereon (“Participation Interests”). Any addition of Participation Interests to Issuer the Trust (whether pursuant to this paragraph (b) or paragraph (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection 9.1(a13.1(a).

Required Additions of Supplemental Accounts. Subject to the second following sentence, if If during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“"Supplemental Accounts”") to be included as Accounts in a sufficient amount such that the average of the Transferor Amount as a percentage of the average amount of Principal Receivables for such 30-day period, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer the Trust during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject to the following sentenceIn addition, if on any Business Day Record Date the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer the Trust on or before the tenth Business Day following such thirty-day period or Business Day (the “Required Designation Record Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer the Trust participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“"Participation Interests”"). Any addition of Participation Interests to Issuer the Trust (whether pursuant to this paragraph (b) or paragraph (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection 9.1(a13.1(a).

Required Additions of Supplemental Accounts. Subject to On or after the second following sentenceCertificate Trust Termination Date, if during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”"SUPPLEMENTAL ACCOUNTS") to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-day period, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer the Trust during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject For purposes of the preceding sentence, the terms "Transferor Amount" and "Minimum Transferor Amount" shall have the meanings ascribed to such terms as set forth in the Pooling and Servicing Agreement with respect to any day falling in the period prior to the following sentenceCertificate Trust Termination Date. In addition, if on any Business Day on or after the Certificate Trust Termination Date, the Aggregate Principal Balance is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate Principal Balance will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer the Trust on or before the tenth fifth Business Day following such thirty-day period or Business Day (the “Required Designation Date”)Day, as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer the Trust participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“Participation Interests”"PARTICIPATION INTERESTS"). Any addition of Participation Interests to Issuer the Trust (whether pursuant to this paragraph PARAGRAPH (b) or paragraph PARAGRAPH (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection SUBSECTION 9.1(a).

Required Additions of Supplemental Accounts. Subject to the second third following sentence, if during as of the last day of any period of thirty consecutive daysMonthly Period, the Transferor Amount averaged over that period Monthly Period is less than the Minimum Transferor Amount for that periodMonthly Period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”) to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-Monthly Period as of the last day periodof such Monthly Period, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer during each day of such 30-day periodMonthly Period, is at least equal to the Minimum Transferor Amount. Subject to the second following sentence, if if, on the last day of any Business Day Monthly Period, the Aggregate Principal Balance is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate Principal Balance will be equal to or greater than the Required Principal Balance. Subject to the following sentence, if on the last day of any Monthly Period, the Seller’s Interest is less than the Required Seller’s Interest, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate Principal Balance will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer on or before the tenth Business Day following the end of such thirty-day period or Business Day Monthly Period (the “Required Designation Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two three sentences if the Transferor Amount would otherwise be equal to or greater than the Minimum Transferor Amount and Amount, the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance and the Seller’s Interest would otherwise be equal to or greater than the Required Seller’s Interest on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“Participation Interests”). Any addition of Participation Interests to Issuer (whether pursuant to this paragraph (b) or paragraph (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection 9.1(a6.1(a).

Required Additions of Supplemental Accounts. Subject to On or after the second following sentenceCertificate Trust Termination Date, if during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”"SUPPLEMENTAL ACCOUNTS") to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-day period, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer the Trust during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject For purposes of the preceding sentence, the terms "Transferor Amount" and "Minimum Transferor Amount" shall have the meanings ascribed to such terms as set forth in the Pooling and Servicing Agreement with respect to any day falling in the period prior to the following sentenceCertificate Trust Termination Date. In addition, if on any Business Day Record Date on or after the Certificate Trust Termination Date, the Aggregate Principal Balance is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate Principal Balance will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer the Trust on or before the tenth Business Day following such thirty-day period or Business Day (the “Required Designation Record Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer the Trust participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“Participation Interests”"PARTICIPATION INTERESTS"). Any addition of Participation Interests to Issuer the Trust (whether pursuant to this paragraph PARAGRAPH (b) or paragraph PARAGRAPH (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection SUBSECTION 9.1(a).

Required Additions of Supplemental Accounts. Subject to the second following sentence, if If during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”"SUPPLEMENTAL ACCOUNTS") to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-day periodAmount, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer the Trust during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject to the following sentenceIn addition, if on any Business Day the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account is less than the Required Principal Balance, Transferor 35 shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer the Trust on or before the tenth fifth Business Day following such thirty-day period or Business Day (the “Required Designation Date”)Day, as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer the Trust participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“Participation Interests”"PARTICIPATION INTERESTS"). Any addition of Participation Interests to Issuer the Trust (whether pursuant to this paragraph PARAGRAPH (b) or paragraph PARAGRAPH (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection 9.1(aSUBSECTION 13.1(a).

Required Additions of Supplemental Accounts. Subject to the second following sentence, if If during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”"SUPPLEMENTAL ACCOUNTS") to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-day periodAmount, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer the Trust during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject to the following sentenceIn addition, if on any Business Day Record Date the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer the Trust on or before the tenth Business Day following such thirty-day period or Business Day (the “Required Designation Record Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer the Trust participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“Participation Interests”"PARTICIPATION INTERESTS"). Any addition of Participation Interests to Issuer the Trust (whether pursuant to this paragraph PARAGRAPH (b) or paragraph PARAGRAPH (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection 9.1(aSUBSECTION 13.1(a).

Required Additions of Supplemental Accounts. Subject to On and after the second following sentenceCertificate Trust Termination Date, if during any period of thirty consecutive daysa Required Addition Event occurs, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”) to be included as Accounts in a sufficient amount such that the average of the Transferor Amount for such 30-day period, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer during each day of such 30-day period, is at least equal on or prior to the Minimum Transferor Amount. Subject to close of business on the following sentence, if on any Business Day the Aggregate Principal Balance is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate Principal Balance will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer on or before the tenth 10th Business Day following the occurrence of such thirty-day period or Business Day Required Addition Event (the “Required Designation Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if unless the Transferor Amount would be equal to or greater than exceeds the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal Adjusted Transferor Amount equals or exceeds zero, as applicable, in each case as of the close of business on any day after the occurrence of such Required Addition Event and prior to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental designate additional Eligible Accounts to be included as Accounts as required above, Transferor may convey to Issuer participations of the Required Designation Date or trust certificates representing undivided legal or beneficial interests any earlier date in a pool sufficient amount such that after giving effect to such addition, the Transferor Amount as of assets primarily consisting the close of receivables arising under revolving credit card accounts or other revolving credit accounts owned by business on the Addition Date is at least equal to the Minimum Transferor or Amount and the Adjusted Transferor Amount as of the close of business on the Addition Date is at least equal to zero on such date. The failure of any of its Affiliates and collections thereon (“Participation Interests”). Any addition of Participation Interests to Issuer (whether pursuant to this paragraph (b) or condition set forth in paragraph (c) belowor (d) below as the case may be, shall be effected by not relieve the Transferor of its obligation pursuant to this paragraph; provided, however, that the failure of the Transferor to transfer Receivables to the Issuer as provided in this paragraph solely as a result of the unavailability of a sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement; provided further, that any such failure which has not been timely cured will nevertheless result in the occurrence of an amendment hereto, dated the applicable Addition DateEarly Amortization Event with respect to each Series for which, pursuant to subsection 9.1(athe Indenture Supplement therefor, a failure by the Transferor to convey Receivables in Additional Accounts to the Issuer by the day on which it is required to convey such Receivables constitutes an “Early Amortization Event” (as defined in such Indenture Supplement).

Required Additions of Supplemental Accounts. Subject to the second following sentence, if If during any period of thirty consecutive days, the Transferor Amount averaged over that period is less than the Minimum Transferor Amount for that period, Transferor shall designate additional Eligible Accounts (“Supplemental Accounts”"SUPPLEMENTAL ACCOUNTS") to be included as Accounts in a sufficient amount such that the average of the Transferor Amount as a percentage of the average amount of Principal Receivables for such 30-day period, computed by assuming that the amount of the Principal Receivables of such Supplemental Accounts shall be deemed to be outstanding in Issuer the Trust during each day of such 30-day period, is at least equal to the Minimum Transferor Amount. Subject to the following sentenceIn addition, if on any Business Day Record Date the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account is less than the Required Principal Balance, Transferor shall designate Supplemental Accounts from any Approved Portfolio to be included as Accounts in a sufficient amount such that the Aggregate aggregate amount of Principal Balance Receivables plus amounts on deposit in the Excess Funding Account will be equal to or greater than the Required Principal Balance. Receivables from all such Supplemental Accounts shall be transferred to Issuer the Trust on or before the tenth Business Day following such thirty-day period or Business Day (the “Required Designation Record Date”), as the case may be; provided that no designation of Supplemental Accounts shall be required pursuant to the preceding two sentences if the Transferor Amount would be equal to or greater than the Minimum Transferor Amount and the Aggregate Principal Balance would otherwise be equal to or greater than the Required Principal Balance on the Required Designation Date. In lieu of, or in addition to, designating Supplemental Accounts as required above, Transferor may convey to Issuer the Trust participations or trust certificates representing undivided legal or beneficial interests in a pool of assets primarily consisting of receivables arising under revolving credit card accounts or other revolving credit accounts owned by Transferor or any of its Affiliates and collections thereon (“Participation Interests”"PARTICIPATION INTERESTS"). Any addition of Participation Interests to Issuer the Trust (whether pursuant to this paragraph PARAGRAPH (b) or paragraph PARAGRAPH (c) below) shall be effected by an amendment hereto, dated the applicable Addition Date, pursuant to subsection 9.1(aSUBSECTION 13.1(a).