Common use of Defaulted Receivables Clause in Contracts

Defaulted Receivables. No selection procedure was utilized by the Transferor with the intent to include a disproportionately higher level of Defaulted Receivables in the Removed Accounts than exist in the Accounts or to remove Accounts for the intended purpose of mitigating losses to the Trust.

Defaulted Receivables. No selection procedure was utilized by the Transferor with the intent to include a disproportionately higher level of Defaulted Receivables in among the Removed Accounts Receivables than exist in the Accounts Receivables or to remove Accounts Receivables for the intended purpose of mitigating losses to the Trust.