Common use of Additional Transferors Clause in Contracts

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as a Transferor (“Additional Transferors”) under this Agreement by an amendment hereto pursuant to Section 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor’s Interest evidenced by the Base Certificate as provided in Section 6.01 hereof, then in connection with such designation, the Transferor shall surrender the Base Certificate to the Trustee in exchange for a newly issued Base Certificate modified to reflect such Additional Transferor’s Interest. If the Transferor elects to have its interest in the Transferor’s Interest be uncertificated as provided in Section 6.01, the Transferor shall instruct the Trustee in writing to register the Additional Transferor as the owner of the appropriate interest in the Transferor’s Interest on the books and records of the Trust. Prior to any such designation of an Additional Transferor and, if applicable, exchange of certificates, the conditions set forth in Section 6.03(c) shall have been satisfied.

Additional Transferors. The Transferor may designate Affiliates of the Transferor or of any Account Owner to be included as a Transferor Transferors (each, an “Additional TransferorsTransferor”) under this Agreement by in an amendment hereto pursuant to Section 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor’s Interest evidenced by the Base Certificate as provided in Section 6.01 hereofsubsection 7.1(a) and, then in connection with such designation, such Transferor shall (i) if the Transferor shall Interest is evidenced in uncertificated form, direct the Owner Trustee to register in the books and records of the Trust such Additional Transferor’s interest in the Transferor Interest or (ii) if the Transferor Interest is evidenced in certificated form, surrender the Base Certificate such certificate to the Owner Trustee in exchange for a newly issued Base Certificate certificate modified to reflect such Additional Transferor’s Interest. If the Transferor elects to have its interest in the Transferor’s Interest be uncertificated as provided in Section 6.01Transferor Interest; provided, the however, that each Additional Transferor shall instruct the Trustee agree in writing such amendment hereto to register the Additional Transferor as the owner assume all of the appropriate interest in the Transferor’s Interest on the books duties and records obligations of the Trust. Prior a Transferor hereunder; and provided further that prior to any such designation of and exchange, (i) the Owner Trustee shall have received an Additional Transferor andIssuer Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax Opinion, if applicable, exchange and (iv) any additional conditions to the transfer of certificates, the conditions set forth a Beneficial Interest provided in Section 6.03(c) 3.02 of the Trust Agreement shall have been satisfied.

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as a Transferor Transferors (“"Additional Transferors”") under this Agreement by in an amendment hereto pursuant to Section 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor’s Interest evidenced by the Base Certificate as provided in Section 6.01 hereofsubsection 12.01(a) and, then in connection with such designation, the Transferor shall surrender the Base Transferor Certificate for the applicable Asset Pool to the Owner Trustee in exchange for a newly issued Base Transferor Certificate for such Asset Pool modified to reflect such Additional Transferor’s Interest. If the Transferor elects to have its 's interest in the Transferor’s Transferor Interest be uncertificated as provided of such Asset Pool; provided, however, that each Additional Transferor shall agree in Section 6.01, such amendment hereto to assume all of the duties and obligations of the Transferor shall instruct the Trustee in writing to register the Additional Transferor as the owner of the appropriate interest in the Transferor’s Interest on the books hereunder; and records of the Trust. Prior provided, further, that prior to any such designation and exchange (i) the Owner Trustee shall have received an Issuer Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax Opinion and (iv) any additional conditions to the transfer of an Additional Transferor and, if applicable, exchange of certificates, the conditions set forth a Beneficial Interest provided in Section 6.03(c) 3.02 of the Trust Agreement shall have been satisfied.

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as a Transferor Transferors (“each, an "Additional Transferors”Transferor") under this Agreement by in an amendment hereto pursuant to Section 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor’s Interest evidenced by the Base Certificate as provided in Section 6.01 hereofsubsection 12.1(a) and, then in connection with such designation, such Transferor shall (i) if the Transferor shall Interest is evidenced in uncertificated form, direct the Owner Trustee to register in the books and records of the Trust such Additional Transferor's interest in the Transferor Interest or (ii) if the Transferor Interest is evidenced in certificated form, surrender the Base Certificate such certificate to the Owner Trustee in exchange for a newly issued Base Certificate certificate modified to reflect such Additional Transferor’s Interest. If the Transferor elects to have its 's interest in the Transferor’s Interest be uncertificated as provided in Section 6.01Transferor Interest; provided, the however, that each Additional Transferor shall instruct the Trustee agree in writing such amendment hereto to register the Additional Transferor as the owner assume all of the appropriate interest in the Transferor’s Interest on the books duties and records obligations of the Trust. Prior a Transferor hereunder; and provided further that prior to any such designation of and exchange, (i) the Owner Trustee shall have received an Additional Transferor andIssuer Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax Opinion, if applicable, exchange and (iv) any additional conditions to the transfer of certificates, the conditions set forth a Beneficial Interest provided in Section 6.03(c) 3.02 of the Trust Agreement shall have been satisfied.

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as a Transferor Transferors (“Additional Transferors”) under this Agreement by in an amendment hereto pursuant to Section 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor’s Interest evidenced by the Base Certificate as provided in Section 6.01 hereofsubsection 12.01(a) and, then in connection with such designation, the Transferor shall surrender the Base Transferor Certificate for the applicable Asset Pool to the Owner Trustee in exchange for a newly issued Base Transferor Certificate for such Asset Pool modified to reflect such Additional Transferor’s Interest. If the Transferor elects to have its interest in the Transferor’s Transferor Interest be uncertificated as provided of such Asset Pool; provided, however, that each Additional Transferor shall agree in Section 6.01, such amendment hereto to assume all of the duties and obligations of the Transferor shall instruct the Trustee in writing to register the Additional Transferor as the owner of the appropriate interest in the Transferor’s Interest on the books hereunder; and records of the Trust. Prior provided, further, that prior to any such designation and exchange (i) the Owner Trustee shall have received an Issuing Entity Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax Opinion and (iv) any additional conditions to the transfer of an Additional Transferor and, if applicable, exchange of certificates, the conditions set forth a Beneficial Interest provided in Section 6.03(c) 3.02 of the Trust Agreement shall have been satisfied.

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as a Transferor Transferors (each, an “Additional TransferorsTransferor”) under this Agreement by in an amendment hereto pursuant to Section 13.01(a). Any Additional Transferor may cease to transfer newly arising Receivables to the Trustee so long as each Rating Agency provides written notice that such cessation will not have a Ratings Effect. If any Transferor elects to have all or a portion of its interest in the Transferor’s Interest evidenced by the Base Certificate as provided in Section 6.01 hereofsubsection 12.1(a) and, then in connection with such designation, such Transferor shall (i) if the Transferor shall Interest is evidenced in uncertificated form, direct the Owner Trustee to register in the books and records of the Trust such Additional Transferor’s interest in the Transferor Interest or (ii) if the Transferor Interest is evidenced in certificated form, surrender the Base Certificate such certificate to the Owner Trustee in exchange for a newly issued Base Certificate certificate modified to reflect such Additional Transferor’s Interest. If the Transferor elects to have its interest in the Transferor’s Interest be uncertificated as provided in Section 6.01Transferor Interest; provided, the however, that each Additional Transferor shall instruct the Trustee agree in writing such amendment hereto to register the Additional Transferor as the owner assume all of the appropriate interest in the Transferor’s Interest on the books duties and records obligations of the Trust. Prior a Transferor hereunder; and provided further that prior to any such designation of and exchange, (i) the Owner Trustee shall have received an Additional Transferor andIssuer Tax Opinion, (ii) the Note Rating Agency Condition shall have been satisfied, (iii) the Master Trust Trustee shall have received the Master Trust Tax Opinion, if applicable, exchange and (iv) any additional conditions to the transfer of certificates, the conditions set forth a Beneficial Interest provided in Section 6.03(c) 3.02 of the Trust Agreement shall have been satisfied.