Common use of Sale of Ineligible Receivables Clause in Contracts

Sale of Ineligible Receivables. The Depositor may, at its sole option, sell to the Issuer on each Sale Date all or any portion of the Ineligible Receivables originated in any Account; provided, however, that the Depositor will not sell to the Issuer any Ineligible Receivables that are ineligible due to a failure to satisfy the condition specified in clause (a)(ii) of the definition of “Eligible Receivable”; and provided, further, that (i) on the applicable Sale Date, such Account is an Eligible Account and (ii) the Incremental Subordinated Amount is adjusted in accordance with the Indenture Supplements.