Common use of Additional Transferors Clause in Contracts

Additional Transferors. A Transferor may designate Affiliates of such Transferor to be included as Transferors (“Additional Transferors”) under this Agreement in an amendment hereto pursuant to subsection 13.01(a) and, in connection with such designation, such Transferor shall (i) if the Original Transferor Certificate is certificated, surrender the Original Transferor Certificate to the Trustee in exchange for a newly issued Original Transferor Certificate modified to reflect such Additional Transferor’s interest in the Transferors’ Interest or (ii) if the Original Transferor Certificate is uncertificated, direct the Trustee to register in the books and records of the Trust such Additional Transferor’s interest in the Transferors’ Interest; provided, however, that prior to any such designation of an Additional Transferor, the conditions set forth in clauses (iv) and (vi) of subsection 6.03(b) shall have been satisfied with respect thereto.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

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Additional Transferors. A Transferor may designate Affiliates of such Transferor to be included as Transferors ("Additional Transferors") under this Agreement in an amendment hereto pursuant to subsection 13.01(a) and, in connection with such designation, such Transferor shall (i) if the Original Transferor Certificate is certificated, surrender the Original Transferor Certificate to the Trustee in exchange for a newly issued Original Transferor Certificate modified to reflect such Additional Transferor’s 's interest in the Transferors' Interest or (ii) if the Original Transferor Certificate is uncertificated, direct the Trustee to register in the books and records of the Trust such Additional Transferor’s 's interest in the Transferors' Interest; provided, however, that prior to any such designation of an Additional Transferor, the conditions set forth in clauses (iv) and (vi) of subsection 6.03(b) shall have been satisfied with respect thereto.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)

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Additional Transferors. A The Transferor may designate Affiliates ---------------------- of such the Transferor to be included as Transferors ("Additional Transferors") under ---------------------- this Agreement in an amendment hereto pursuant to subsection 13.01(a9.01(a) and, in connection with such designation, such the Transferor shall (i) if the Original Transferor Certificate is certificated, surrender the Original Transferor Certificate to the Owner Trustee in exchange for a newly issued Original Transferor Certificate modified to reflect such Additional Transferor’s 's interest in the Transferors’ Transferor's Interest or (ii) if the Original Transferor Certificate is uncertificated, direct the Indenture Trustee to register make the appropriate entries in the its books and records of the Trust to reflect such Additional Transferor’s 's interest in the Transferors’ Transferor's Interest; provided, however, that prior to any such designation of an Additional Transferor, and exchange the conditions set forth in clauses (iviii) and (viv) of subsection 6.03(b) 3.06 of the Trust Agreement shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Household Credit Card Master Note Trust I)

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