Addition of Additional Accounts. (a) If from time to time, ------------------------------- Buyer becomes obligated to designate Additional Accounts pursuant to Section ------- 2.6(a) ------ of the Servicing Agreement (or any other provision thereof calling for compliance with the procedures set forth in such Section 2.6(a)), then Buyer -------------- shall give RPA Seller written notice thereof on or before the Notice Date prior to the Addition Date therefor and RPA Seller shall on or before the Addition Date designate sufficient Eligible Accounts to be included as Additional Accounts so that after the inclusion thereof Buyer will be in compliance with the requirements of said Section 2.6(a). Additionally, subject to the ------------- limitations, if any, on Buyer's ability to add Additional Accounts under Section ------- 2.6(b) of the Servicing Agreement, from time to time Eligible Accounts may be ----- designated to be included as Additional Accounts, upon the mutual agreement of Buyer and RPA Seller. In either event, RPA Seller shall have responsibility for selecting the Additional Accounts and shall on or prior to the Addition Date therefore execute and deliver a Supplemental Conveyance identifying the Additional Accounts by account number and Receivables balance and Principal Receivables balance as of the Addition Date, which Supplemental Conveyance shall be effective upon receipt by Buyer.
Appears in 1 contract
Sources: Receivables Purchase Agreement (First Consumers Master Trust)
Addition of Additional Accounts. (a) If from time to time, ------------------------------- Buyer becomes obligated to require Seller to designate Additional Accounts pursuant to Section ------- 2.6(a) ------ of the Servicing Agreement (or any other provision thereof calling for compliance with the procedures set forth in such Section 2.6(a))Agreement, then Buyer -------------- shall give RPA Seller written notice thereof on or before the fifth Business Day (the "Notice Date Date") prior to the ___________ Addition Date therefor and RPA Seller shall on or before the Addition Date designate sufficient Eligible Accounts to be included as Additional Accounts so that after the inclusion thereof Buyer will be in compliance with the requirements of said Section 2.6(a). Additionally, subject to the ------------- limitations, if any, on Buyer's ability to add Additional Accounts under Section ------- 2.6(b) of the Servicing Agreement, from time to time Eligible Accounts may be ----- designated to be included as Additional Accounts, upon the mutual agreement of Buyer and RPA Seller. In either event, RPA Seller shall have sole responsibility for selecting select- ing the Additional Accounts and shall on or prior to the Addition Date therefore therefor execute and deliver a Supplemental Conveyance identifying the Additional Accounts by account number and Receivables balance and Principal Receivables balance as of the Addition Date, which Supplemental Conveyance shall then be effective upon receipt by Buyer.
Appears in 1 contract
Sources: Master Pooling and Servicing Agreement (JCP Receivables Inc)