Common use of Voluntary Addition Clause in Contracts

Voluntary Addition. The Depositor may from time to time, in its sole discretion, subject to the conditions specified in Section 2.7(c) below, designate one or more Accounts as Additional Accounts by giving (or causing the Servicer to give on its behalf) an Addition Notice to the Indenture Trustee, the Owner Trustee and the Rating Agencies on or before the third Business Day but not more than the thirtieth day prior to the related Addition Date. If Additional Accounts are to be included in the Schedule of Accounts, effective as of the related Addition Date, the Depositor shall transfer and assign to the Issuing Entity, and the Issuing Entity shall acquire from the Depositor, all of the Depositor’s right, title and interest in, to and under the Eligible Receivables in the Additional Accounts and the related Collateral Security, as more fully described in the assignment referred to in Section 2.7(c)(ii) below. In addition to the conditions specified in Section 2.7(c), any Additional Accounts designated by the Depositor, at its sole discretion pursuant to this Section 2.7(b) will be subject to the satisfaction of the Rating Agency Condition, if as a result of such addition, either:

Voluntary Addition. The Depositor may from time to time, in its sole discretion, subject to the conditions specified in Section 2.7(c) below, designate one or more Accounts as Additional Accounts by giving (or causing the Servicer to give on its behalf) an Addition Notice to the Indenture Trustee, the Owner Trustee and the Rating Agencies on or before the third fifth Business Day but not more than the thirtieth day prior to the related Addition Date. If Additional Accounts are to be included in the Schedule of Accounts, effective as of the related Addition Date, the Depositor shall transfer and assign to the Issuing Entity, and the Issuing Entity shall acquire from the Depositor, all of the Depositor’s 's right, title and interest in, to and under the Eligible Receivables in the Additional Accounts and the related Collateral Security, as more fully described in the assignment referred to in Section 2.7(c)(ii) below. In addition to the conditions specified in Section 2.7(c), any Additional Accounts designated by the Depositor, at its sole discretion pursuant to this Section 2.7(b) will be subject to the satisfaction of the Rating Agency Condition, if as a result of such addition, either: