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

Conditions to Obligation of the Transferor. The obligation of the Transferor to sell the Receivables to the Purchaser on the Closing Date is subject to the satisfaction of the following conditions:

Appears in 6 contracts

Samples: Purchase Agreement (UPFC Auto Receivables Trust 2005-A), Purchase Agreement (UPFC Auto Receivables Trust 2004-A), Purchase Agreement (UPFC Auto Receivables Trust 2005-B)

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Conditions to Obligation of the Transferor. The obligation of the Transferor to sell absolutely assign the Receivables to the Purchaser on the Closing Date or a Funding Date, as the case may be, is subject to the satisfaction of the following conditions:

Appears in 6 contracts

Samples: Transfer and Assignment Agreement (Capital One Auto Receivables Trust 2001-B), Transfer and Assignment Agreement (Capital One Auto Receivables LLC), Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-A)

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