Common use of Conditions to Obligation of the Seller Clause in Contracts

Conditions to Obligation of the Seller. The obligation of the Seller to sell the Receivables to Ally Auto hereunder or pursuant to the First Step Receivables Assignment is subject to the satisfaction of the following conditions:

Appears in 87 contracts

Samples: Pooling Agreement (Ally Auto Receivables Trust 2024-2), Pooling Agreement (Ally Auto Receivables Trust 2024-2), Pooling Agreement (Ally Auto Receivables Trust 2024-1)

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Conditions to Obligation of the Seller. The obligation of the Seller to sell the Receivables to Ally Auto hereunder or pursuant to the [related] First Step Receivables Assignment is subject to the satisfaction of the following conditions:

Appears in 6 contracts

Samples: Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Assets LLC)

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