Existing Accounts

Existing Accounts. The Successor hereby grants and transfers to the Trust, for the benefit of the Certificateholders, a security interest in all of the Successor's right, title and interest in, to and under the Receivables now existing and hereafter created and arising in connection with the Accounts, all monies due or to become due with respect to such Receivables (including all Finance Charge Receivables and recoveries on any charged-off Receivables), all proceeds of such Receivables, Insurance Proceeds... relating to such Receivables and the proceeds thereof to secure the payment of each Series, to secure a loan in an amount equal to the unpaid principal amount of the Investor Certificates issued under the Pooling and Servicing Agreement and the interest accrued at the related Certificate Rate. View More

Existing Accounts. The Successor, as successor to the Bank, has any rights in the Receivables now existing or hereafter arising in the Accounts (including Additional Accounts) the Receivables of which have been designated for inclusion in the Trust pursuant to the Pooling and Servicing Agreement, including any Assignment of Receivables in Additional Accounts executed on or prior to the date hereof (such Accounts, the "Existing Accounts"),

Existing Accounts. On or after the effective date set forth in the Activation Notice, if requested by the Company, acquire those accounts originated by the Existing Bank in connection with the Fingerhut Program prior to the effective date set forth in the Activation Notice (the "Existing Accounts");

Existing Accounts. The Existing Accounts (as defined in the Program Agreement)