Optional Addition Sample Clauses
Optional Addition. The Depositor may from time to time, at its sole discretion, designate additional Eligible Accounts as Additional Accounts and sell to the Issuer the Sold Receivables and the Related Security originated in such Additional Accounts. In addition to the conditions specified in Section 2.6(c), any additional Eligible Accounts designated by the Depositor pursuant to this Section 2.6(b) will be subject to the satisfaction of the Rating Agency Condition if, as a result of such addition, either:
(i) the aggregate number of Additional Accounts designated pursuant to this Section 2.6(b) and any similar provision in any other Sale and Servicing Agreement in any calendar quarter or the aggregate principal amount of Receivables originated in such Additional Accounts as of the related Additional Cutoff Dates in such calendar quarter exceeds 10% of the number of all Accounts or 10% of the Pool Balance, respectively, on the first day of such calendar quarter; or
(ii) the aggregate number of Additional Accounts designated pursuant to this Section 2.6(b) and any similar provision in any other Sale and Servicing Agreement in any calendar year or the aggregate principal amount of Receivables originated in such Additional Accounts as of the related Additional Cutoff Dates in such calendar year exceeds 20% of the number of all Accounts or 20% of the Pool Balance, respectively, on the first day of such calendar year.
Optional Addition. The Transferor may from time to time, at its sole discretion, subject to the conditions specified in Section 2.06(d), designate additional Eligible Accounts as Additional Accounts and transfer to the Issuer the Transferred Receivables and the Related Security arising in connection with such Additional Accounts or transfer to the Issuer Interests in Other Floorplan Assets. In addition to the conditions specified in Section 2.06(d), any additional Eligible Accounts designated by the Transferor, at its sole discretion, pursuant to this Section 2.06(b) will be subject to the satisfaction of the Rating Agency Condition if, as a result of such addition, either:
(i) the aggregate number of Additional Accounts and Other Floorplan Accounts designated pursuant to this Section 2.06(b) in any calendar quarter or the aggregate amount of Principal Receivables arising in connection with such Additional Accounts and Other Floorplan Accounts as of the related Additional Cut-Off Dates in such calendar quarter exceeds __% of the number of all Accounts or __% of the Pool Balance, respectively, as of the first day of such calendar quarter; or
(ii) the aggregate number of Additional Accounts and Other Floorplan Accounts designated pursuant to this Section 2.06(b) in any twelve-month period commencing on July 1 of each year or the aggregate amount of Principal Receivables arising in connection with such Additional Accounts and Other Floorplan Accounts as of the related Additional Cut-Off Dates in such twelve-month period exceeds __% of the number of all Accounts or __% of the Pool Balance, respectively, as of the first day of such twelve-month period.
Optional Addition. The Transferor may from time to time, at its sole discretion, subject to the conditions specified in Section 2.06(d), designate additional Eligible Accounts as Additional Accounts and transfer to the Issuer the Receivables (and the Related Security) arising in connection with such Additional Accounts. In addition to the conditions specified in Section 2.06(d), any additional Eligible Accounts designated by the Transferor, at its sole discretion, pursuant to this Section 2.06(b) will be subject to the satisfaction of the Rating Agency Condition if, as a result of such addition, either:
(i) the aggregate number of Additional Accounts designated pursuant to this Section 2.06(b) in any calendar quarter or the aggregate amount of Principal Receivables arising in connection with such Additional Accounts as of the related Additional Cut-Off Dates in such calendar quarter exceeds 10% of the number of all Accounts or 10% of the Pool Balance, respectively, as of the first day of such calendar quarter; or
(ii) the aggregate number of Additional Accounts designated pursuant to this Section 2.06(b) in any twelve-month period commencing on July 1 of each year or the aggregate amount of Principal Receivables arising in connection with such Additional Accounts as of the related Additional Cut-Off Dates in such twelve-month period exceeds 20% of the number of all Accounts or 20% of the Pool Balance, respectively, as of the first day of such twelve-month period.
Optional Addition. The Transferor may from time to time, at its sole discretion, subject to the conditions specified in Section 2.06(e), designate additional Eligible Accounts as Additional Accounts and transfer to the Issuer the Receivables (and the Related Security) arising in connection with such Additional Accounts.
Optional Addition. The Transferor may from time to time, at its sole discretion, subject to the conditions specified in Section 2.06(e), designate additional Eligible Accounts as Additional Accounts and transfer to the Issuer the Receivables (and the Related Security) arising in connection with such Additional Accounts. If (i) the aggregate number of Additional Accounts designated by the Transferor in any calendar quarter or the aggregate amount of Principal Receivables arising in connection with such Additional Accounts as of the related Additional Cut-Off Dates in such calendar quarter exceeds 10% of the number of all designated Accounts or 10% of the Outstanding Principal Balance of all Receivables, respectively, as of the first day of such calendar quarter, or (ii) the aggregate number of Additional Accounts designated by the Transferor in any calendar year or the aggregate amount of Principal Receivables arising in connection with such Additional Accounts as of the related Additional Cut-Off Dates in such calendar year exceeds 20% of the number of all designated Accounts or 20% of the Outstanding Principal Balance of all Receivables, respectively, as of the first day of such calendar year, then such designations of Additional Accounts will be subject to satisfaction of the Rating Agency Condition.