Pay Out Event. The Transferor reasonably believes that (A) the addition of the Receivables arising in the Additional Accounts will not, based on the facts known to the Transferor, then or thereafter cause a Pay Out Event to occur with respect to any Series and (B) no selection procedure was utilized by the Transferor which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by the Transferor) that would be materially adverse to the interests of the Investor Certificateholders of any Series as of the Addition Date;
Appears in 8 contracts
Samples: American Express Receivables Financing Corp Ii, American Express Receivables Financing Corp Ii, American Express Receivables Financing Corp Ii
Pay Out Event. The Such Transferor reasonably believes that (A) the addition of the Receivables arising in the related Additional Accounts will not, based on the facts known to the such Transferor, then or thereafter cause a Pay Pay-Out Event to occur with respect to any Series and (B) no selection procedure was utilized by the such Transferor which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by the available to such Transferor) that would be materially adverse to the interests of the Investor Certificateholders of any Series as of the Addition Date;
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)
Pay Out Event. The Transferor reasonably believes that (A) the addition of the Receivables arising in the Additional Accounts will not, based on the facts known to the Transferor, then or thereafter cause a Pay Out Event to occur with respect to any Series and (B) no selection procedure was utilized by the Transferor which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by the Transferor) that would be materially adverse to the interests of the Investor Certificateholders Securityholders of any Series as of the Addition Date;; (e)
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Credit Card Master Trust)
Pay Out Event. The Transferor reasonably believes that (Ai) the addition of the Receivables arising in the Additional Accounts will not, based on the facts known to the Transferor, then or thereafter cause a Pay Out Event to occur with respect to any Series and (Bii) no selection procedure was utilized by the Transferor or the Account Owner which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by the TransferorAccount Owners) that would be materially adverse to the interests of the Investor Certificateholders of any Series as of the Addition Date;.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Providian Master Trust), Pooling and Servicing Agreement (Providian Master Trust)
Pay Out Event. The Transferor reasonably believes that (A) the addition of the Receivables arising in the related Additional Accounts will not, based on the facts known to the Transferor, then or thereafter cause a Pay Out Event to occur with respect to any Series and (B) no selection procedure was utilized by the Transferor which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by available to the Transferor) that would be materially adverse to the interests of the Investor Certificateholders of any Series as of the Addition Date;
Appears in 1 contract
Samples: American Express Receivables Financing Corp Iii LLC
Pay Out Event. The Transferor reasonably believes that (Ai) the addition of the Receivables arising in the Additional Accounts will not, based on the facts known to the Transferor, then or thereafter cause a Pay Out Event to occur with respect to any Series and (Bii) no selection procedure was utilized by the Transferor which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by the Transferor) that would be materially adverse to the interests of the Investor Certificateholders of any Series as of the Addition Date;.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (At&t Universal Funding Corp)
Pay Out Event. The Transferor reasonably believes that (A) the addition of the Receivables arising in the Additional Accounts will not, based on the facts known to the Transferor, then or thereafter cause a Pay Out Event to occur with respect to any Series and (B) no selection procedure was utilized by the Transferor which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by the Transferor) that would be materially adverse to the interests of the Investor Certificateholders of any Series as of the Addition Date;; (e)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp)
Pay Out Event. The Transferor reasonably believes that (A) the ------------- addition of the Receivables arising in the Additional Accounts will not, based on the facts known to the Transferor, then or thereafter cause a Pay Out Event to occur with respect to any Series and (B) no selection procedure was utilized by the Transferor which would result in the selection of Additional Accounts (from among the available Eligible Accounts owned by the Transferor) that would be materially adverse to the interests of the Investor Certificateholders Securityholders of any Series as of the Addition Date;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First National Bank of Atlanta)
