Common use of Sale of Receivables for Accelerated Notes Clause in Contracts

Sale of Receivables for Accelerated Notes. In the case of a series, class or tranche of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders of that series, class or tranche of Notes will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) as provided in the related Indenture Supplement.

Sale of Receivables for Accelerated Notes. In the case of a seriesSeries, class Class or tranche Tranche of Notes that has been accelerated following an Event of Default, the Indenture Trustee may, and at the direction of the Majority Holders of not less than 66 2/3% in Outstanding Dollar Principal Amount of that seriesSeries, class Class or tranche Tranche of Notes will, cause the Master Trust to sell Principal Receivables and the related Finance Charge Receivables (or interests therein) as provided in the related Indenture Supplement.