Securityholders. The Transferor hereby further agrees to execute all such instruments, documents and financing statements and take all such further action requested by the Trustee to evidence and perfect the assignment of the Cap Agreements and the Interest Rate Caps pursuant to this Section 3A. The Transferor agrees that each Interest Rate Cap shall provide for payments to the Trustee and that the Trust's interest in respect of such payments shall be deposited into the Cap Proceeds Account.
Appears in 11 contracts
Sources: Pooling and Servicing Agreement (Metris Master Trust), Series Supplement (Metris Master Trust), Pooling and Servicing Agreement (Metris Receivables Inc)
Securityholders. The Transferor hereby further agrees to execute all such instruments, documents and financing statements and take all such further action requested by the Trustee to evidence and perfect the assignment of the Cap Agreements and Agreements, the Interest Rate Caps and the Cap Proceeds Account pursuant to this Section 3A. The Transferor agrees that each Interest Rate Cap shall provide for payments to the Trustee and that the Trust's interest in respect of such payments shall be deposited into the Cap Proceeds Account.
Appears in 3 contracts
Sources: Series 2001 4 Supplement to Amended and Restated Pooling and Servicing Agreement (Metris Master Trust), Supplement (Metris Master Trust), Supplement (Metris Master Trust)
Securityholders. The Transferor hereby further agrees to execute execute, authorize and file all such instruments, documents and financing statements and take all such further action requested by the Trustee to evidence and perfect the assignment of the Cap Agreements and Agreements, the Interest Rate Caps and the Cap Proceeds Account pursuant to this Section 3A. The Transferor agrees that each Interest Rate Cap shall provide for payments to the Trustee and that the Trust's interest in respect of such payments shall be deposited into the Cap Proceeds Account.
Appears in 3 contracts
Sources: Supplement (Metris Receivables Inc), Series Supplement (Metris Master Trust), Pooling and Servicing Agreement (Metris Master Trust)