Common use of Account Allocations Clause in Contracts

Account Allocations. In the event that the Bank is unable for any reason to transfer Receivables to HRAC in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 8.02 or any order of any Governmental Authority), then, in any such event, the Bank agrees (except as prohibited by any such order) to allocate and pay to HRAC, after the date of such inability, all amounts that HRAC will be required to allocate and pay to the Company pursuant to Section 5.01 of the Receivables Purchase Agreement between HRAC and the Company.

Appears in 2 contracts

Samples: 4 Receivables Purchase Agreement (Hrsi Funding Inc Ii), Receivables Purchase Agreement (Hrsi Funding Inc Ii)

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Account Allocations. In the event that the Bank is unable for any reason to transfer Receivables to HRAC in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 8.02 7.02 or any order of any Governmental Authority), then, in any such event, the Bank agrees (except as prohibited by any such order) to allocate and pay to HRAC, after the date of such inability, all amounts Collections that HRAC will be required to allocate and pay to the Company pursuant to Section 5.01 6.02 of the Receivables Purchase Agreement between HRAC and the Company.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Saks Credit Card Master Trust)

Account Allocations. In the event that the Bank is unable for any reason to transfer Receivables to HRAC in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 8.02 or any order of any Governmental Authority), then, in any such event, the Bank agrees (except as prohibited by any such order) to allocate and pay to HRAC, after the date of such inability, all amounts Collections that HRAC will be required to allocate and pay to the Company pursuant to Section 5.01 of the Receivables Purchase Agreement between HRAC and the Company.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Hrsi Funding Inc Ii)

Account Allocations. In the event that the Bank HRAC is unable for any reason to transfer Receivables to HRAC the Company in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 8.02 or any order of any Governmental Authority), then, in any such event, the Bank HRAC agrees (except as prohibited by any such order) to allocate and pay to HRACthe Company, after the date of such inability, all amounts that HRAC the Company will be required to allocate and pay to the Company Trust pursuant to Section 5.01 2.4(d) of the Receivables Purchase Agreement between HRAC Master Pooling and the CompanyServicing Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Saks Credit Card Master Trust)

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Account Allocations. In the event that the Bank HRAC is unable for any reason to transfer Receivables to HRAC the Company in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 8.02 or any order of any Governmental Authority), then, in any such event, the Bank HRAC agrees (except as prohibited by any such order) to allocate and pay to HRACthe Company, after the date of such inability, all amounts that HRAC the Company will be required to allocate and pay to the Company Trust pursuant to Section 5.01 2.11 of the Receivables Purchase Agreement between HRAC Transfer and the CompanyServicing Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Hrsi Funding Inc Ii)

Account Allocations. In the event that the Bank HRAC is unable for any reason to transfer Receivables to HRAC the Company in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 8.02 or any order of any Governmental Authority), then, in any such event, the Bank HRAC agrees (except as 18 prohibited by any such order) to allocate and pay to HRACthe Company, after the date of such inability, all amounts that HRAC the Company will be required to allocate and pay to the Company Trust pursuant to Section 5.01 2.11 of the Receivables Purchase Agreement between HRAC Transfer and the CompanyServicing Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Hrsi Funding Inc Ii)

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