Reassignment of Ineligible Receivables. (i) Reassignment of Receivables. In the event any representation or --------------------------- warranty contained in Section 2.4(b) is not true and correct in any material -------------- respect as of the date specified therein with respect to any Receivable or the related Account unless cured within sixty (60) days (or such longer period, not in excess of 120 days, as may be agreed to by the Indenture Trustee) after the earlier to occur of the discovery thereof by Seller or receipt by Seller of written notice thereof given by the Owner Trustee, the Indenture Trustee or the Servicer, then Seller shall accept reassignment of all Receivables in the related Account ("Ineligible Receivables") on the terms and conditions set forth ---------------------- in paragraph (ii) below. Notwithstanding anything contained in this Section ------- 2.4
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Sources: Transfer and Servicing Agreement (First Consumers Master Trust), Transfer and Servicing Agreement (First Consumers Master Trust)