Common use of Conveyance by Seller Clause in Contracts

Conveyance by Seller. (a) In consideration of the Trustee's delivery of the Certificates to or upon the order of the Seller in an aggregate principal amount equal to the aggregate Principal Balance of the Initial Receivables, the Seller does hereby irrevocably sell, assign, and otherwise convey to the Trustee, in trust for the benefit of the Certificateholders, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Initial Receivables identified on Appendix A hereto, all Excess Interest Collections thereon and all other moneys received thereon on and after the Cutoff Date; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by the Obligors pursuant to the Initial Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds and any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Initial Receivables, the Financed Vehicles or the Obligors from the Cutoff Date; (iv) the right of the Seller to realize upon any property (including the right to receive future Liquidation Proceeds) that shall have secured an Initial Receivable and have been repossessed by or on behalf of the Trust; (v) the interest of the Seller in any Dealer Recourse relating to the Initial Receivables; (vi) all right, title and interest of the Seller in and to the Purchase Agreement; and (vii) the proceeds of any and all of the foregoing. (b) [RESERVED]

Conveyance by Seller. (a) In consideration of the Trustee's delivery of the Certificates to or upon the order of the Seller in an aggregate principal amount equal to the aggregate Principal Balance of the Initial Receivables, the Seller does hereby irrevocably sell, assign, and otherwise convey to the Trustee, in trust for the benefit of the Certificateholders, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Initial Receivables identified on Appendix A Appendices A-1 and A-2 hereto, all Excess Interest Collections thereon and all other moneys received thereon on and after the applicable Cutoff DateDates; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by the Obligors pursuant to the Initial Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds and any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Initial Receivables, the Financed Vehicles or the Obligors from the Cutoff Date; (iv) the right of the Seller to realize upon any property (including the right to receive future Liquidation Proceeds) that shall have secured an Initial Receivable and have been repossessed by or on behalf of the Trust; (v) the interest of the Seller in any Dealer Recourse relating to the Initial Receivables; (vi) all right, title and interest of the Seller in and to the Purchase Agreement; and (vii) the proceeds of any and all of the foregoing. (b) [RESERVEDReserved]

Conveyance by Seller. (a) In consideration of the Trustee's delivery of the Certificates to or upon the order of the Seller in an aggregate principal amount equal to the aggregate Principal Balance of the Initial Receivables, the Seller does hereby irrevocably sell, assign, and otherwise convey to the Trustee, in trust for the benefit of the Certificateholders, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Initial Receivables identified on Appendix A hereto, all Excess Interest Collections thereon and all other moneys received thereon on and after the Cutoff Date; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by the Obligors pursuant to the Initial Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds and any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Initial Receivables, the Financed Vehicles or the Obligors from the Cutoff Date; (iv) the right of the Seller to realize upon any property (including the right to receive future Liquidation Proceeds) that shall have secured an Initial a Receivable and have been repossessed by or on behalf of the Trust; (v) the interest of the Seller in any Dealer Recourse relating to the Initial Receivables; (vi) ; all right, title and interest of the Seller in and to the Purchase Agreement; and (vii) and the proceeds of any and all of the foregoing. (b) [RESERVEDReserved]

Conveyance by Seller. (a) In consideration of the Trustee's delivery of the Certificates to or upon the order of the Seller in an aggregate principal amount equal to the aggregate Principal Balance of the Initial Receivables, Receivables [plus the Original Pre-Funded Amount,] the Seller does hereby irrevocably sell, assign, and otherwise convey to the Trustee, in trust for the benefit of the Certificateholders, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Initial Receivables identified on Appendix A hereto, all Excess Interest Collections thereon and all other moneys received thereon on and after the Cutoff Date; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by the Obligors pursuant to the Initial Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds and any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Initial Receivables, the Financed Vehicles or the Obligors from the Cutoff Date; (iv) the right of the Seller to realize upon any property (including the right to receive future Liquidation Proceeds) that shall have secured an Initial Receivable and have been repossessed by or on behalf of the Trust; (v) the interest of the Seller in any Dealer Recourse relating to the Initial Receivables; (vi) all right, title and interest of the Seller in and to the Purchase Agreement; and (vii) the proceeds of any and all of the foregoing. (b) [RESERVED]Subject to the conditions set forth in Section 3.08 of the Amended and Restated Standard Terms incorporated herein, in consideration of the Trustee's delivery on the related Funding Dates to or upon the order of the Seller of all or a portion of the balance in the Funding Account in an amount equal to the aggregate Receivables Cash Purchase Price of the Additional Receivables to be acquired on the Funding Date, the Seller shall on such Funding Date sell, transfer, assign, set over and otherwise convey to the Trustee, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Additional Receivables, all Excess Interest Collections thereon and all other moneys received thereon on and after the related Cutoff Date; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by Obligors pursuant to the Additional Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds or any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Additional Receivables, the Financed Vehicles or the Obligors from the related Cutoff Date;

Conveyance by Seller. (a) In consideration of the Trustee's delivery of the Certificates to or upon the order of the Seller in an aggregate principal amount equal to the aggregate Principal Balance of the Initial Receivables, the Seller does hereby irrevocably sell, assign, and otherwise convey to the Trustee, in trust for the benefit of the Certificateholders, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Initial Receivables identified on Appendix A hereto, all monies constituting Excess Interest Collections thereon with respect thereto and all other moneys received thereon on and after the Cutoff Date; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by the Obligors pursuant to the Initial Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds and any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Initial Receivables, the Financed Vehicles or the Obligors from the Cutoff Date; (iv) the right of the Seller to realize upon any property (including the right to receive future Liquidation Proceeds) that shall have secured an Initial a Receivable and have been repossessed by or on behalf of the TrustTrustee; (v) the interest of the Seller in any Dealer Recourse relating to the Initial Receivables; (vi) all right, title and interest of the Seller in and to the Purchase Agreement; and (vii) the proceeds of any and all of the foregoing. (b) [RESERVED]

Conveyance by Seller. (a) In consideration of the Trustee's delivery of the Certificates to or upon the order of the Seller in an aggregate principal amount equal to the aggregate Principal Balance of the Initial Receivables, Receivables [plus the Original Pre- Funded Amount,] the Seller does hereby irrevocably sell, assign, and otherwise convey to the Trustee, in trust for the benefit of the Certificateholders, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Initial Receivables identified on Appendix A hereto, all Excess Interest Collections thereon and all other moneys received thereon on and after the Cutoff Date; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by the Obligors pursuant to the Initial Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds and any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Initial Receivables, the Financed Vehicles or the Obligors from the Cutoff Date; (iv) all right, title and interest of the Seller in and to the Funding Account and all moneys and investments from time to time on deposit therein; (v) the right of the Seller to realize upon any property (including the right to receive future Liquidation Proceeds) that shall have secured an Initial Receivable and have been repossessed by or on behalf of the TrustTrustee; (vvi) the interest of the Seller in any Dealer Recourse relating to the Initial Receivables; (vivii) all right, title and interest of the Seller in and to the Purchase Agreement; and (viiviii) the proceeds of any and all of the foregoing. (b) [RESERVED]Subject to the conditions set forth in Section 3.08 of the Standard Terms incorporated herein, in consideration of the Trustee's delivery on the related Funding Dates to or upon the order of the Seller of all or a portion of the balance in the Funding Account in an amount equal to the aggregate Receivables Cash Purchase Price of the Additional Receivables to be acquired on the Funding Date, the Seller shall on such Funding Date sell, transfer, assign, set over and otherwise convey to the Trustee, without recourse (subject to the obligations herein): (i) all right, title and interest of the Seller in and to the Additional Receivables, all Excess Interest Collections thereon and all other moneys received thereon on and after the related Cutoff Date; (ii) the interest of the Seller in the security interests in the Financed Vehicles granted by Obligors pursuant to the Additional Receivables; (iii) the interest of the Seller in any Risk Default Insurance Proceeds or any proceeds from claims on any Insurance Policies (including the VSI Insurance Policy) covering the Additional Receivables, the Financed Vehicles or the Obligors from the related Cutoff Date;