Common use of Assignment of Receivables Clause in Contracts

Assignment of Receivables. (a) Fleet (RI) hereby acknowledges that Advanta has transferred to Fleet (RI) Advanta's portfolio of consumer credit card accounts including all of the Initial Accounts designated to the Trust pursuant to the terms of Section 2.01 of the Agreement and each Additional Account designated to the Trust pursuant to Section 2.08 of the Agreement and those Assignments of Receivables in Additional Accounts listed in Schedule III to this Assignment Agreement (the "Account Assignments"). Fleet (RI) acknowledges that, pursuant to the Agreement and to the Account Assignments, Advanta has sold, transferred, assigned and set over and otherwise conveyed to the Trustee, on behalf of the Trust, for the benefit of the Certificateholders, all of Advanta's right, title and interest in and to (i) the Receivables existing at the time of the designation of such Accounts as an Account and the Receivables thereafter created from time to time until the termination of the Trust and arising in connection with the Accounts, (ii) all monies due or to become due and all amounts received with respect to the Receivables (including all Finance Charge Receivables relating thereto), (iii) all proceeds (including "

Assignment of Receivables. (a) Fleet (RI) hereby acknowledges that Advanta has transferred to Fleet (RI) Advanta's portfolio of consumer credit card accounts including all of the Accounts identified as of the Initial Accounts Cut-Off Date and designated to the Trust pursuant to the terms of Section 2.01 of the Agreement and each Additional Account identified as of each Addition Cut-Off Date and designated to the Trust pursuant to the terms of Section 2.08 2.05 of the Agreement and those Assignments of Receivables in Additional Accounts listed in Schedule III to this Assignment Supplemental Agreement (the "Account Assignments"). Fleet (RI) acknowledges that, pursuant to the Agreement and to the Account Assignments, Advanta has sold, transferred, assigned and set over and otherwise conveyed to the Trustee, on behalf of the Trust, for the benefit of the Certificateholders, all of Advanta's right, title and interest in and to (i) the Receivables existing at the time of the designation of such Accounts as an Account and the Receivables thereafter created from time to time until the termination of the Trust and arising in connection with the Accounts, (ii) all monies due or to become due and all amounts received with respect to the Receivables (including all Finance Charge Receivables relating thereto), (iii) all proceeds (including "