Addition of New Accounts. Upon the mutual agreement of the Purchaser and the Seller, subject to compliance by the Purchaser with the conditions specified in subsections 2.9(d) and (e) of the Pooling and Servicing Agreement and compliance by the Seller with subsection 2.3(b), the Seller may designate newly originated Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. The Seller shall take all actions necessary to comply, or to enable the Purchaser to comply, with the requirements of Section 2.9 of the Pooling and Servicing Agreement and shall cooperate with the Purchaser to enable it to perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.9(d) and (e) of the Pooling and Servicing Agreement.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Partners First Receivables Funding Corp), Receivables Purchase Agreement (Partners First Credit Card Master Trust)