Common use of Assignment of Receivables Clause in Contracts

Assignment of Receivables. The Transferor will take no action inconsistent with the Purchaser's ownership of the Receivables. If a third party, including a potential purchaser of the Receivables, should inquire, the Transferor will promptly indicate that ownership of the Receivables has been absolutely assigned to the Purchaser.

Appears in 6 contracts

Sources: Transfer and Assignment Agreement (Capital One Auto Receivables LLC), Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-C), Transfer and Assignment Agreement (Capital One Auto Receivables LLC)