Acknowledgment and Agreement of Seller. By execution below, Seller expressly acknowledges and agrees that all of HARC’s right, title, and interest in, to, and under this Agreement, including, without limitation, all of HARC’s right title, and interest in and to the Receivables purchased pursuant to this Agreement, shall be assigned by HARC to an Issuer specified in a Master Sale and Servicing Agreement and by such Issuer to the related Indenture Trustee for the benefit of the related Secured Parties, and Seller consents to such assignment. Additionally, Seller agrees for the benefit of such Indenture Trustee that any amounts payable by Seller to HARC hereunder which are to be paid by HARC to such Indenture Trustee for the benefit of the related Secured Parties shall be paid by Seller, on behalf of HARC, directly to such Indenture Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 10 contracts
Samples: Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-3)
Acknowledgment and Agreement of Seller. By execution below, Seller expressly acknowledges and agrees that all of HARC’s 's right, title, and interest in, to, and under this Agreement, including, without limitation, all of HARC’s 's right title, and interest in and to the Receivables purchased pursuant to this Agreement, shall be assigned by HARC to an the Issuer specified in a Master Sale and Servicing Agreement and by such the Issuer to the related Indenture Trustee for the benefit of the related Secured Parties, and Seller consents to such assignment. Additionally, Seller agrees for the benefit of such the Indenture Trustee that any amounts payable by Seller to HARC hereunder which are to be paid by HARC to such the Indenture Trustee for the benefit of the related Secured Parties shall be paid by Seller, on behalf of HARC, directly to such the Indenture Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 7 contracts
Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp)
Acknowledgment and Agreement of Seller. By execution below, Seller expressly acknowledges and agrees that all of HARC’s right, title, and interest in, to, and under this Agreement, including, without limitation, all of HARC’s right title, and interest in and to the Receivables purchased pursuant to this Agreement, shall be assigned by HARC to an the Issuer specified in a Master Sale and Servicing Agreement and by such the Issuer to the related Indenture Trustee for the benefit of the related Secured Parties, and Seller consents to such assignment. Additionally, Seller agrees for the benefit of such the Indenture Trustee that any amounts payable by Seller to HARC hereunder which are to be paid by HARC to such the Indenture Trustee for the benefit of the related Secured Parties shall be paid by Seller, on behalf of HARC, directly to such the Indenture Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 6 contracts
Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Automotive Trust 2004-1), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1)
Acknowledgment and Agreement of Seller. By execution below, Seller expressly acknowledges and agrees that all of HARC’s 's right, title, and interest in, to, and under this Agreement, including, without limitation, all of HARC’s 's right title, and interest in and to the Receivables purchased pursuant to this Agreement, shall be assigned by HARC to an Issuer specified in a Master Sale and Servicing Agreement and by such Issuer to the related Indenture Trustee for the benefit of the related Secured PartiesNoteholders, and Seller consents to such assignment. Additionally, Seller agrees for the benefit of such Indenture Trustee that any amounts payable by Seller to HARC hereunder which are to be paid by HARC to such Indenture Trustee for the benefit of the related Secured Parties Noteholders shall be paid by Seller, on behalf of HARC, directly to such Indenture Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 2 contracts
Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp)
Acknowledgment and Agreement of Seller. By execution below, Seller expressly acknowledges and agrees that all of HARC’s 's right, title, and interest in, to, and under this Agreement, including, without limitation, all of HARC’s 's right title, and interest in and to the Receivables purchased pursuant to this Agreement, shall be assigned by HARC to an Issuer specified in a Master Sale and Servicing Agreement and by such Issuer to the related Indenture Trustee for the benefit of the related Secured Parties, and Seller consents to such assignment. Additionally, Seller agrees for the benefit of such Indenture Trustee that any amounts payable by Seller to HARC hereunder which are to be paid by HARC to such Indenture Trustee for the benefit of the related Secured Parties shall be paid by Seller, on behalf of HARC, directly to such Indenture Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 2 contracts
Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp)
Acknowledgment and Agreement of Seller. By execution below, Seller expressly acknowledges and agrees that all of HARC’s right, title, and interest in, to, and under this Agreement, including, without limitation, all of HARC’s right title, and interest in and to the Receivables purchased pursuant to this Agreement, shall be assigned by HARC to an Issuer specified in a Master Sale and Servicing Agreement and by such Issuer to the related Indenture Trustee for the benefit of the related Secured Parties, and Seller consents to such assignment. Additionally, Seller agrees for the benefit of such Indenture Trustee that any amounts payable by Seller to HARC hereunder which are to be paid by HARC to such Indenture Trustee for the benefit of the related Secured Parties shall be paid by Seller, on behalf of HARC, directly to such Indenture Trustee. Any payment required to be made on or before a specified date in same-day funds may be made on the prior business day in next-day funds.
Appears in 2 contracts
Samples: Master Receivables Purchase Agreement (HSBC Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Auto Receivables Corp)