Common use of Additional Transferors Clause in Contracts

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as Transferors ( “Additional Transferors” ) under this Agreement in an amendment hereto pursuant to subsection 9.01(a) and, in connection with such designation, the Transferor shall (i) surrender the Transferor Certificate to the Owner Trustee in exchange for a newly issued Transferor Certificate modified to reflect such Additional Transferor’s interest in the Transferor Certificate or (ii) if the Transferor Certificate is uncertificated, direct the Indenture Trustee to make the appropriate entries in its books and records to reflect such Additional Transferor’s interest in the Transferor Certificate; provided, however, that prior to any such designation and exchange the conditions set forth in clauses (iii) and (v) of subsection 3.06 of the Trust Agreement shall have been satisfied with respect thereto.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Transfer and Servicing Agreement (HSBC Credit Card Master Note Trust (Usa) I)

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Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as Transferors ( “("Additional Transferors") under this Agreement in an amendment hereto pursuant to subsection 9.01(a) and, in connection with such designation, the Transferor shall (i) surrender the Transferor Certificate to the Owner Trustee in exchange for a newly issued Transferor Certificate modified to reflect such Additional Transferor’s 's interest in the Transferor Certificate or (ii) if the Transferor Certificate is uncertificated, direct the Indenture Owner Trustee to make the appropriate entries in its books and records to reflect such Additional Transferor’s 's interest in the Transferor Certificate; provided, however, that prior to any such designation and exchange the conditions set forth in clauses (iii) and (v) of subsection 3.06 of the Trust Agreement shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Household Affinity Funding Corp Iii)

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as Transferors ( “Additional Transferors” ("ADDITIONAL TRANSFERORS") under this Agreement in an amendment hereto pursuant to subsection 9.01(a) and, in connection with such designation, the Transferor shall (i) surrender the Transferor Certificate to the Owner Trustee in exchange for a newly issued Transferor Certificate modified to reflect such Additional Transferor’s 's interest in the Transferor Certificate or (ii) if the Transferor Certificate is uncertificated, direct the Indenture Trustee to make the appropriate entries in its books and records to reflect such Additional Transferor’s 's interest in the Transferor Certificate; provided, however, that prior to any such designation and exchange the conditions set forth in clauses (iii) and (v) of subsection 3.06 3.06(b) of the Trust Agreement shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Household Consumer Loan Corp Ii)

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as Transferors ( “Additional Transferors” ("ADDITIONAL TRANSFERORS") under this Agreement in an amendment hereto pursuant to subsection 9.01(a) and, in connection with such designation, the Transferor shall (i) surrender the Transferor Certificate to the Owner Trustee in exchange for a newly issued Transferor Certificate modified to reflect such Additional Transferor’s 's interest in the Transferor Certificate or (ii) if the Transferor Certificate is uncertificated, direct the Indenture Trustee to make the appropriate entries in its books and records to reflect such Additional Transferor’s 's interest in the Transferor Certificate; provided, however, that prior to any such designation and exchange the conditions set forth in clauses (iii) and (v) of subsection 3.06 of the Trust Agreement shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Hrsi Funding Inc Ii)

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Additional Transferors. The Transferor may designate Affiliates ---------------------- of the Transferor to be included as Transferors ( “("Additional Transferors") under ---------------------- this Agreement in an amendment hereto pursuant to subsection 9.01(a) and, in connection with such designation, the Transferor shall (i) surrender the Transferor Certificate to the Owner Trustee in exchange for a newly issued Transferor Certificate modified to reflect such Additional Transferor’s 's interest in the Transferor Certificate or (ii) if the Transferor Certificate is uncertificated, direct the Indenture Trustee to make the appropriate entries in its books and records to reflect such Additional Transferor’s 's interest in the Transferor Certificate; provided, however, that prior to any such designation and exchange the conditions set forth in clauses (iii) and (v) of subsection 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)

Additional Transferors. The Transferor may designate Affiliates of the Transferor to be included as Transferors ( “("Additional Transferors") under this Agreement in an amendment hereto pursuant to subsection 9.01(a) and, in connection with such designation, the Transferor shall (i) surrender the Transferor Certificate to the Owner Trustee in exchange for a newly issued Transferor Certificate modified to reflect such Additional Transferor’s 's interest in the Transferor Certificate or (ii) if the Transferor Certificate is uncertificated, direct the Indenture Trustee to make the appropriate entries in its books and records to reflect such Additional Transferor’s 's interest in the Transferor Certificate; provided, however, that prior to any such designation and exchange the conditions set forth in clauses (iii) and (v) of subsection 3.06 of the Trust Agreement shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Household Affinity Funding Corp Iii)

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