Conveyance of Additional Loans. (a) The Originator may, at its option (but shall not be obligated to) at any time during the Pre-Funding Period and the Replenishment Period and subject to the conditions set forth in this Section 2.05, sell, transfer, assign set over and otherwise convey to the Trust Depositor (by delivery of a Subsequent Purchase Agreement in the form of Exhibit J to the Transfer and Servicing Agreement), the Originator’s right, title and interest in Additional Loan Assets, which shall become part of the Loan Assets. Upon the acquisition of any Additional Loan Assets pursuant to this Section 2.05, such Additional Loan Assets shall thereupon be conveyed by the Trust Depositor to the Issuer and become part of the Indenture Collateral subject to the Lien of the Indenture. The Originator represents and warrants in connection with the foregoing that it will not cause the Trust Depositor to acquire any Additional Loan pursuant to this Section 2.05 for the primary purpose of recognizing gains or decreasing losses resulting from market value changes.
Conveyance of Additional Loans. (a) With respect to any Additional Loans to be conveyed to the Issuer by the Trust Depositor pursuant to Section 2.07 of the Sale and Servicing Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Trust Depositor, without recourse other than as expressly provided herein (and the Trust Depositor shall purchase through cash payment and/or by exchange of one or more related Loans released by the Issuer to the Trust Depositor on the related Additional Loan Cutoff Date), all the right, title and interest of the Seller in and to such Additional Loans and Related Property.
Conveyance of Additional Loans. (a) The Issuer may, at any time during the Pre-Funding Period and the Replenishment Period and subject to the conditions set forth in this Section 2.05, apply Principal Collections and (solely during the Pre-Funding Period) Unused Proceeds standing to the credit of the Principal Collections Account to purchase from the Trust Depositor (by delivery of a Subsequent Transfer Agreement in the form of Exhibit I hereto) Additional Loan Assets. Upon the purchase of any Additional Loan Assets pursuant to and in accordance with this Section 2.05, such Additional Loan Assets shall become part of the Indenture Collateral subject to the Lien of the Indenture. The Servicer represents and warrants in connection with the foregoing that it will not cause the Issuer to purchase any Additional Loan pursuant to this Section 2.05 for the primary purpose of recognizing gains or decreasing losses resulting from market value changes.
Conveyance of Additional Loans. (a) The Trust Depositor may, at any time during the Ramp-Up Period and the Reinvestment Period and subject to the conditions set forth in this Section 2.05, purchase Additional Loan Assets from the Originator (by delivery of a Subsequent Transfer Agreement). The purchase price paid by the Trust Depositor for any Additional Loan shall be an amount equal to (x) in the case of a Loan originated by the Originator, the Outstanding Loan Balance thereof, and (y) in the case of a Loan acquired by the Originator from a third party, the purchase price paid for such Loan, plus, in each case accrued interest thereon.
Conveyance of Additional Loans. (a) The Issuer may, at any time during the Ramp-Up Period and the Reinvestment Period and subject to the conditions set forth in this Section 2.06, apply Principal Collections standing to the credit of the Principal Collections Account, Draws under the Class A-2 Notes and amounts standing to the credit of the Class A-2 Funding Account to purchase Additional Loan Assets from the Trust Depositor (by delivery of a Subsequent Transfer Agreement). The purchase price paid by the Issuer for any Additional Loan shall be an amount equal to (x) in the case of a Loan originated by the Originator, the Outstanding Loan Balance thereof, and (y) in the case of a Loan acquired by the Originator from a third party, the purchase price paid for such Loan, plus, in each case accrued interest thereon.
Conveyance of Additional Loans. The Issuer may (and the Trustee shall upon instruction of the Servicer acting on behalf of the Issuer), at any time during the Ramp-Up Period and the Replenishment Period and subject to the conditions set forth in this Section 2.06, apply Principal Collections standing to the credit of the Principal Collection Account, Draws under the Class A-1A VFN Notes and amounts standing to the credit of the Class A-1A VFN Funding Account to purchase Additional Loan Assets from the Trust Depositor. The purchase price paid by the Issuer for any Additional Loan shall be an amount equal to (x) in the case of a Loan originated by the Originator, the Outstanding Loan Balance thereof or (y) in the case of a Loan acquired by the Originator from a third party, the purchase price paid for such Loan, as applicable, plus, in each case, accrued and unpaid interest thereon.
Conveyance of Additional Loans. (a) The Issuer may, at any time during the Ramp-Up Period and the Reinvestment Period and subject to the conditions set forth in this Section 2.06, apply Principal Collections standing to the credit of the Principal Collections Account, Draws under the Class A-2 Notes and amounts standing to the credit of the Class A-2 Funding Account to purchase Additional Loan Assets from the Trust Depositor. The purchase price paid by the Issuer for any Additional Loan shall be an amount equal to (x) in the case of a Loan originated by the Originator, the Outstanding Loan Balance thereof, and (y) in the case of a Loan acquired by the Originator from a third party, the purchase price paid for such Loan.
Conveyance of Additional Loans. (a) With respect to any Additional Loans to be conveyed to the Issuer by the Trust Depositor pursuant to Section 2.07 of the Sale and Servicing Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Trust Depositor, without recourse other than as expressly provided herein, all the right, title and interest of the Seller in and to such Additional Loans and Related Property.
Conveyance of Additional Loans. (a) The Trust may, at any time during the Replenishment Period and subject to the conditions set forth in this Section 2.05, apply Principal Collections standing to the credit of the Principal Collections Account to purchase from the Trust Depositor (by delivery of a Subsequent Transfer Agreement in the form of Exhibit I hereto) Additional Loan Assets. Upon the acquisition of any Additional Loan Assets pursuant to and in accordance with this Section 2.05, such Additional Loan Assets shall become part of the Indenture Collateral subject to the Lien of the Indenture. The Servicer represents and warrants in connection with the foregoing that it will not cause the Issuer to acquire any Additional Loan pursuant to this Section 2.05 for the primary purpose of recognizing gains or decreasing losses resulting from market value changes.
Conveyance of Additional Loans. (a) The Issuer may, at any time during the Replenishment Period and subject to the conditions set forth in this Section 2.05, apply Principal Collections standing to the credit of the Principal Collections Account, to purchase Additional Loan Assets from the Trust Depositor (by delivery of a Subsequent Transfer Agreement). The purchase price paid by the Issuer for any Additional Loan shall be an amount equal to (i) in the case of a Loan originated by the Originator, the Outstanding Loan Balance thereof, and (ii) in the case of a Loan acquired by the Originator from a third party, the purchase price paid for such Loan, plus, in each case, accrued interest thereon.
