Common use of Contribution and Sale of Loans Clause in Contracts

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Date, CAC does hereby convey, assign, sell, contribute and transfer to Funding, without recourse, except as set forth herein, all of its right, title and interest in, to and under the Initial Conveyed Property.

Appears in 19 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

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Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Date, CAC does hereby convey, assign, sell, contribute sell and transfer to Funding, without recourse, except as set forth herein, all of its right, title and interest in, in and to and under the Initial Conveyed Property.

Appears in 10 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Date, CAC does hereby convey, assign, sell, contribute and transfer to Funding, without recourse, except as set forth herein, all of its right, title and interest in, to and under the Initial Conveyed Property.

Appears in 5 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Initial Funding Date, CAC shall and hereby does hereby convey, assign, sell, contribute and transfer to Funding, Funding without recourse, except as set forth herein, and Funding shall and hereby does accept and purchase, all of its CAC’s right, title and interest in, to and under (whether now owned or hereafter acquired or arising and wherever located) the Initial Conveyed Property.

Appears in 4 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Initial Funding Date, CAC does hereby did convey, assign, sell, contribute sell and transfer to Funding, without recourse, except as set forth herein, to Funding all of its right, title and interest in, in and to and under the Initial Conveyed Contributed Property.

Appears in 4 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Fourth Amended and Restated Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Initial Funding Date, CAC did and hereby does hereby contribute, convey, assign, sell, contribute sell and transfer to Funding, Funding without recourse, except as set forth herein, to Funding all of its right, title and interest in, in and to (whether now owned or hereafter acquired or arising and under wherever located) the Initial Conveyed Contributed Property.

Appears in 2 contracts

Samples: Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corporation)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Initial Funding Date, CAC did and hereby does hereby contribute, convey, assign, sell, contribute sell and transfer to Funding, Funding without recourse, except as set forth herein, to Funding all of its right, title and interest in, in and to (whether now owned or hereafter acquired or arising and under wherever located) the Initial Conveyed Property.

Appears in 2 contracts

Samples: Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

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Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Date, CAC does hereby convey, assign, sell, contribute sell and transfer to Funding, without recourse, except as set forth herein, all of its right, title and interest in, in and to and under the Initial Conveyed Contributed Property.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corporation)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Initial Funding Date, CAC does hereby did convey, assign, sell, contribute sell and transfer to Funding, without recourse, except as set forth herein, to Funding all of its right, title and interest in, in and to and under the Initial Conveyed Property.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Initial Funding Date, CAC shall and hereby does hereby contribute, convey, assign, sell, contribute sell and transfer to Funding, without recourse, except as set forth herein, to Funding, and Funding shall and hereby does accept and purchase, all of its CAC’s right, title and interest in, in and to (whether now owned or hereafter acquired or arising and under wherever located) the Initial Conveyed Property.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

Contribution and Sale of Loans. (a) In consideration of the payments described in Section 3.1, effective as of the Closing Initial Funding Date, CAC does hereby convey, assign, sell, contribute sell and transfer to Funding, without recourse, except as set forth herein, to Funding all of its right, title and interest in, in and to and under the Initial Conveyed Contributed Property.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corporation)

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