Common use of Agreement to Sell and Contribute Clause in Contracts

Agreement to Sell and Contribute. On the terms and subject to the conditions set forth in this Agreement, on the date hereof, the Seller hereby: (a) transfers, assigns, sets over, sells and otherwise conveys to the Buyer, and the Buyer hereby purchases from the Seller, all of the Seller’s right, title and interest in, to and under the Transaction SUBI Certificate and the related beneficial interest in the Included Units and the Transaction SUBI, including, but not limited to, all Collections thereunder after the Cut-Off Date; and (b) directs the UTI Trustee and the Servicer to identify from the Origination Trust Assets allocable to the UTI Portfolio, and to allocate to the Transaction SUBI Portfolio represented by the Transaction SUBI Certificate, the Transaction SUBI Assets identified in Section 11.1 of the Transaction SUBI Supplement. 2 SUBI Sale Agreement (2019-A)

Appears in 2 contracts

Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Agreement to Sell and Contribute. On the terms and subject to the conditions set forth in this Agreement, on the date hereof, the Seller hereby: (a) transfers, assigns, sets over, sells and otherwise conveys to the Buyer, and the Buyer hereby purchases from the Seller, all of the Seller’s right, title and interest in, to and under the Transaction SUBI Certificate and the related beneficial interest in the Included Units and the Transaction SUBI, including, but not limited to, all Collections thereunder after the Cut-Off Date; and (b) directs the UTI Trustee and the Servicer to identify from the Origination Trust Assets allocable to the UTI Portfolio, and to allocate to the Transaction SUBI Portfolio represented by the Transaction SUBI Certificate, the Transaction SUBI Assets identified in Section 11.1 of the Transaction SUBI Supplement. 2 SUBI Sale Agreement (20192020-A)

Appears in 2 contracts

Samples: Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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