Reassignment of Receivables. Fleet (RI) agrees that upon the execution and delivery of Amendment Number 3, under the terms of the Agreement, it shall be and is deemed to be the Seller which transferred all Receivables to the Trust and agrees to accept the reassignment of Receivables as provided in Sections 2.05 and 2.06 notwithstanding the fact that a Receivable may have been transferred to the Trust prior to the date of this Assignment Agreement and after the date of this Assignment Agreement no such assignment shall be made to Advanta and any amounts required to be deposited as a result of such reassignment shall be the obligation of Fleet (RI).
Appears in 3 contracts
Sources: Assignment and Assumption Agreement (Advanta Credit Card Master Trust Ii), Assignment and Assumption Agreement (Advanta Credit Card Master Trust Ii), Assignment and Assumption Agreement (Fleet Bank National Association /Ri/)