Addition of New Accounts Sample Clauses

Addition of New Accounts. (a) Upon the mutual agreement of Centurion and TRS, subject to compliance by Centurion with Subsection 2.03(b), Centurion may designate newly originated Eligible Accounts to be included as New Accounts and sell to TRS the Purchased Assets related to such New Accounts. Centurion shall cooperate with TRS to enable TRS to comply with the requirements of Subsections 2.03(a) and (b) of the TRS-RFC VIII Receivables Purchase Agreement and shall cooperate with TRS to enable TRS to perform with respect to the Receivables in such New Accounts all actions specified in Subsections 2.03(a) and (b) of the TRS-RFC VIII Receivables Purchase Agreement.
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Addition of New Accounts. (a) Upon the mutual agreement of TRS and RFC VIII, subject to compliance by TRS with Subsection 2.03(b), TRS may designate newly originated Eligible Accounts to be included as New Accounts and sell to RFC VIII the Purchased Assets related to such New Accounts. TRS shall cooperate with RFC VIII to enable RFC VIII to comply with the requirements of Subsections 2.13(d) and (e) of the Transfer Agreement and shall cooperate with RFC VIII to enable RFC VIII to perform with respect to the Receivables in such New Accounts all actions specified in Subsections 2.13(d) and (e) of the Transfer Agreement.
Addition of New Accounts. (a) Upon the mutual agreement of FSB and TRS, subject to compliance by FSB with Subsection 2.03(b), FSB may designate newly originated Eligible Accounts to be included as New Accounts and sell to TRS the Purchased Assets related to such New Accounts. FSB shall cooperate with TRS to enable TRS to comply with the requirements of Subsections 2.03(a) and (b) of the TRS-RFC VIII Receivables Purchase Agreement and shall cooperate with TRS to enable TRS to perform with respect to the Receivables in such New Accounts all actions specified in Subsections 2.03(a) and (b) of the TRS-RFC VIII Receivables Purchase Agreement.
Addition of New Accounts. (a) Upon the mutual agreement of the Company and HRAC, subject to compliance with the conditions specified in subsections 2.09(d) and (e) of the Transfer and Servicing Agreement and compliance with subsection 2.03(b), HRAC may designate newly originated Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. HRAC shall cooperate with the Company to enable the Company to comply with the requirements of Section 2.09 of the Transfer and Servicing Agreement and shall cooperate with the Company to enable it to perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.09(d) and (e) of the Transfer and Servicing Agreement.
Addition of New Accounts. (a) Upon the mutual agreement of [ ] and the Seller, subject to compliance by [ ] with the conditions specified in subsections 2.09(d) and (e) of the Pooling and Servicing Agreement and compliance by the Seller with subsection 2.03(b) hereof, the Seller may designate newly originated Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. The Seller shall take all actions necessary to comply, or to enable [ ] to comply, with the requirements of Section 2.09 of the Pooling and Servicing Agreement and shall perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.09(d) and (e) of the Pooling and Servicing Agreement required to be performed by [ ], as Depositor, under the Pooling and Servicing Agreement.
Addition of New Accounts. (a) Upon the mutual agreement of the Purchaser and the Seller, subject to compliance by the Purchaser with the conditions specified in subsections 2.9(d) and (e) of the Pooling and Servicing Agreement and compliance by the Seller with subsection 2.3(b), the Seller may designate newly originated Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. The Seller shall take all actions necessary to comply, or to enable the Purchaser to comply, with the requirements of Section 2.9 of the Pooling and Servicing Agreement and shall cooperate with the Purchaser to enable it to perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.9(d) and (e) of the Pooling and Servicing Agreement. (b) On the Addition Date with respect to any New Accounts, the Purchaser shall purchase the Seller's right, title and interest in, to and under the Receivables in New Accounts (and such New Accounts shall be deemed to be Accounts for purposes of this Agreement) as of the close of business on the applicable Additional Cut-Off Date, subject to the satisfaction of the following conditions: (i) the New Accounts shall all be Eligible Accounts; (ii) the Seller shall have delivered to the Purchaser copies of UCC-1 financing statements covering such New Accounts, if necessary to perfect the Purchaser's interest in the Receivables arising therein; (iii) to the extent required of the Purchaser by Section 4.3 of the Pooling and Servicing Agreement, the Seller shall have deposited in the Collection Account all Collections with respect to such New Accounts since the Additional Cut-Off Date; (iv) as of each of the Additional Cut-Off Date and the Addition Date, no Insolvency Event with respect to the Seller or the related Account Owner shall have occurred nor shall the transfer of the Receivables arising in the New Accounts to the Purchaser have been made in contemplation of the occurrence thereof; and (v) the transfer of the Receivables arising in the New Accounts to the Purchaser and by the Purchaser to the Trust will not result in the occurrence of a Pay Out Event or a Reinvestment Event. Section 2.4.
Addition of New Accounts. (a) Upon the mutual agreement of HRF and the Bank, subject to compliance by HRF with the conditions specified in subsections 2.09(d) and (e) of the Transfer and Servicing Agreement and compliance by the Bank with subsection 2.03(b), the Bank may designate newly originated Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. The Bank shall take all actions necessary to comply, or to enable HRF to comply, with the requirements of Section 2.09 of the Transfer and Servicing Agreement and shall cooperate with HRF to enable it to perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.09(d) and (e) of the Transfer and Servicing Agreement.
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Addition of New Accounts. (a) Upon the mutual agreement of ACCR and ACCS, subject to compliance by ACCS with subsection 2.03(b), ACCS may designate newly originated Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. ACCS shall cooperate with ACCR to enable ACCR to comply with the requirements of Section 2.09 of the Transfer and Servicing Agreement and shall cooperate with ACCR to enable ACCR to perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.09(d) and (e) of the Transfer and Servicing Agreement.
Addition of New Accounts. (a) Upon the mutual agreement of ABSC and the Seller, subject to compliance by ABSC with the conditions specified in subsections 2.09(d) and (e) of the Pooling and Servicing Agreement and compliance by the Seller with subsection 2.03(b), the Seller may designate newly originated Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. The Seller shall take all actions necessary to comply, or to enable ABSC to comply, with the requirements of Section 2.09 of the Pooling and Servicing Agreement and shall cooperate with ABSC to enable it to perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.09(d) and (e) of the Pooling and Servicing Agreement.
Addition of New Accounts. Upon the mutual agreement of CFC and Finance Corp., subject to compliance with the conditions specified in subsections 2.09(d) and (e) of the Transfer and Servicing Agreement and compliance with subsection 2.03(b), Finance Corp. may designate Eligible Accounts to be included as New Accounts. Upon such designation, such New Accounts shall be deemed to be Accounts hereunder. Finance Corp. shall cooperate with CFC to enable CFC to comply with the requirements of Section 2.09 of the Transfer and Servicing Agreement and shall cooperate with CFC to enable it to perform with respect to the Receivables in such New Accounts all actions specified in subsections 2.09(d) and (e) of the Transfer and Servicing Agreement.
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