Common use of Required Additions Clause in Contracts

Required Additions. If Purchaser is required, pursuant to Section 2.06 of the Transfer and Servicing Agreement, to designate additional Eligible Accounts as Additional Accounts, Purchaser shall so notify RPA Seller. RPA Seller shall designate such Eligible Accounts as Additional Accounts and shall convey to Purchaser Receivables in such Additional Accounts, subject to the same qualifications and restrictions as are set forth in Section 2.06 of the Transfer and Servicing Agreement, with respect to Purchaser; provided, however, that the failure of RPA Seller to transfer Receivables to Purchaser as provided in this paragraph solely as a result of the unavailability of a sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement; provided further, that any such failure which has not been timely cured will nevertheless result in the occurrence of a Pay Out Event with respect to each Series for which, pursuant to the Indenture Supplement therefor, a failure by Purchaser to convey Receivables in Additional Accounts to the Note Trust by the day on which it is required to convey such Receivables constitutes a Pay Out Event.

Required Additions. If Purchaser is required, pursuant to Section 2.06 of the Pooling and Servicing Agreement or Section 2.06 of the Transfer and Servicing Agreement, to designate additional Eligible Accounts as Additional Accounts, Purchaser shall so notify RPA Seller. RPA Seller shall designate such Eligible Accounts as Additional Accounts and shall convey to Purchaser Receivables in such Additional Accounts, subject to the same qualifications and restrictions as are set forth in Section 2.06 of the Pooling and Servicing Agreement or Section 2.06 of the Transfer and Servicing Agreement, as applicable, with respect to Purchaser; provided, however, that the failure of RPA Seller to transfer Receivables to Purchaser as provided in this paragraph solely as a result of the unavailability of a sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement; provided further, that any such failure which has not been timely cured will nevertheless result in the occurrence of a Pay Out Event with respect to each Series for which, pursuant to the Indenture Supplement therefor, a failure by Purchaser to convey Receivables in Additional Accounts to the Note Receivables Trust by the day on which it is required to convey such Receivables constitutes a Pay Out Event.

Required Additions. If In the event the Purchaser is required, pursuant to Section 2.06 2.6(a) of the Transfer Pooling and Servicing Agreement, to designate additional Eligible Accounts as Additional Accounts, the Purchaser shall so notify RPA the Seller. RPA The Seller (if it so elects) shall designate such Eligible Accounts as Additional Accounts and shall convey to the Purchaser Receivables in such Additional Accounts, Accounts subject to the same qualifications and restrictions as are set forth in Section 2.06 2.6 of the Transfer Pooling and Servicing Agreement, Agreement with respect to the Purchaser; provided, however, that the failure of RPA the Seller to transfer Receivables to the Purchaser as provided in this paragraph solely as a result of the unavailability of a sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement; provided further, that any such failure which has not been timely cured will nevertheless result in the occurrence of a Pay Out Series Early Amortization Event with respect to each Series for which, pursuant to the Indenture Supplement therefor, a failure by the Purchaser to convey Receivables in Additional Accounts to the Note Trust by the day on which it is required to convey such Receivables constitutes a Pay Out “Series Early Amortization Event” (as defined in such Supplement).