Common use of Contribution of Subsequent Receivables and Trust Property Clause in Contracts

Contribution of Subsequent Receivables and Trust Property. On each Funding Date, the Seller shall contribute and assign to the Owner Trustee, without recourse except as set forth herein, all of the Seller's right, title and interest, whether now or hereafter existing, in and to (i) the Subsequent Receivables identified on a Schedule of Receivables delivered on such Funding Date, and all moneys received thereon (including amounts received on any Extended Service Agreements relating thereto), after the respective Cutoff Date (except for interest accrued as of the related Cutoff Date and actually received subsequent to the related Cutoff Date which shall be withdrawn from the Revenue Fund, to the extent contained therein, and paid to the Transferor); (ii) the security interest of the Seller in the Financed Vehicles granted by the Obligors, related Dealer or Referral Originator to COAF pursuant to such Subsequent Receivables and the certificates of title to such Financed Vehicles; (iii) the interest of the Seller in any proceeds from claims on any physical damage, credit life, risk default, disability or other insurance policies covering the Financed Vehicles or the Obligors or refunds in connection with Extended Service Agreements relating to Defaulted Receivables from the related Cutoff Date; (iv) any property (including the right to receive future Liquidation Proceeds) that shall secure a Subsequent Receivable; (v) all right, title and interest of the Seller in and to any recourse against the Transferor or any Dealer pursuant to the Transfer and Assignment Agreement or the applicable Dealer Agreement, respectively; (vi) the original retail installment contracts and security agreements and/or installment loans evidencing the Subsequent Receivables; and (vii) the proceeds of any and all of the foregoing; provided, however, that Subsequent Receivables may not be acquired by the Seller from the Transferor, contributed and assigned by the Seller to the Owner Trustee and Granted by the Owner Trustee to the Indenture Trustee unless the addition of such Subsequent Receivables to the Receivables Pool meets the requirements set forth in Section 2.16 of the Indenture.

Contribution of Subsequent Receivables and Trust Property. On each Funding Date, the Seller shall contribute and assign to the Owner Trustee, without recourse except as set forth herein, all of the Seller's right, title and interest, whether now or hereafter existing, in and to (i) the Subsequent Receivables identified on a Schedule of Receivables delivered on such Funding Date, and all moneys received thereon (including amounts received on any Extended Service Agreements relating thereto), after the respective Cutoff Date (except for interest accrued as of the related Cutoff Date and actually received subsequent to the related Cutoff Date which shall be withdrawn from the Revenue Fund, to the extent contained therein, and paid to the Transferor); (ii) the security interest of the Seller in the Financed Vehicles granted by the Obligors, related Dealer or Referral Originator to COAF Obligors pursuant to such Subsequent Receivables and the certificates of title to such Financed Vehicles; (iii) the interest of the Seller in any proceeds from claims on any physical damage, credit life, risk default, disability or other insurance policies covering the Financed Vehicles or the Obligors or refunds in connection with Extended Service Agreements relating to Defaulted Receivables from the related Cutoff Date; (iv) any property (including the right to receive future Liquidation Proceeds) that shall secure a Subsequent Receivable; (v) all right, title and interest of the Seller in and to any recourse against the Transferor or any Dealer pursuant to the Transfer and Assignment Agreement or the applicable Dealer Agreement, respectively; (vi) the original retail installment contracts and security agreements and/or installment loans evidencing the Subsequent Receivables; and (vii) the proceeds of any and all of the foregoing; provided, however, that Subsequent Receivables may not be acquired by the Seller from the Transferor, contributed and assigned by the Seller to the Owner Trustee and Granted by the Owner Trustee to the Indenture Trustee unless the addition of such Subsequent Receivables to the Receivables Pool meets the requirements set forth in Section 2.16 of the Indenture.

Contribution of Subsequent Receivables and Trust Property. On each Funding Date, the Seller shall contribute and assign to the Owner Trustee, without recourse except as set forth herein, a 100% interest in (i) all of the Seller's right, title and interest, whether now or hereafter existing, interest of the Seller in and to (i) the Subsequent Receivables identified on a Schedule of Receivables delivered on such Funding Date, and all moneys received thereon (including amounts received on any Extended Service Agreements relating thereto), after the respective Cutoff Date (except for interest accrued as of the related Cutoff Date and actually received subsequent to the related Cutoff Date which shall be withdrawn from the Revenue Fund, to the extent contained therein, and paid to the Transferor); (ii) the security interest of the Seller in the Financed Vehicles granted by the Obligors, related Dealer or Referral Originator to COAF Obligors pursuant to such Subsequent Receivables and the certificates of title to such Financed Vehicles; (iii) the interest of the Seller in any proceeds from claims on any physical damage, credit life, risk default, disability or other insurance policies covering the Financed Vehicles or the Obligors or refunds in connection with Extended Service Agreements relating to Defaulted Receivables from the related Cutoff Date; (iv) any property (including the right to receive future Liquidation Proceeds) that shall secure a Subsequent Receivable; (v) all right, title and interest of the Seller in and to any recourse against the Transferor or any Dealer pursuant to the Transfer and Assignment Agreement or the applicable Dealer Agreement, respectively; (vi) the original retail installment contracts and security agreements and/or installment loans evidencing the Subsequent Receivables; and (vii) the proceeds of any and all of the foregoing; provided, however, that Subsequent Receivables may not be acquired by the Seller from the Transferor, contributed and assigned by the Seller to the Owner Trustee and Granted by the Owner Trustee to the Indenture Trustee unless the addition of such Subsequent Receivables to the Receivables Pool meets the requirements set forth in Section 2.16 of the Indenture.