Common use of Transfer of Ineligible Receivables Clause in Contracts

Transfer of Ineligible Receivables. The Transferor will transfer to the Issuer on each Transfer Date any and all Ineligible Receivables arising in connection with any Account; provided that (i) on the applicable Transfer Date, such Account is an Eligible Account and (ii) the Incremental Subordinated Amount is adjusted in accordance with the related Indenture Supplement.

Transfer of Ineligible Receivables. The Transferor will may, at its sole option, transfer to the Issuer on each Transfer Date all or any and all portion of the Ineligible Receivables arising originated in connection with any Account; provided , provided, however, that (i) on the applicable Transfer Date, such Account is an Eligible Account and (ii) the Incremental Subordinated Amount is adjusted Transferor indicates in accordance with its books and records that the related Indenture SupplementIneligible Receivables were sold to the Issuer on the related Transfer Date.