Common use of Securityholders Clause in Contracts

Securityholders. If at any time, the institution holding the Revolving Receivables Reserve Account ceases to be a Qualified Institution, the Trustee shall within 10 Business Days establish a new Revolving Receivables Reserve Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Revolving Receivables Reserve Account. From the date such new Revolving Receivables Reserve Account is established, it shall be the "Revolving Receivables Reserve Account."

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc), Pooling and Servicing Agreement (Federated Department Stores Inc /De/), Pooling and Servicing Agreement (Federated Department Stores Inc /De/)

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