Conveyance of Conveyed Assets. In consideration of the Grantor Trust’s sale and delivery to, or upon the order of, the Issuer of the Grantor Trust Certificate on the Closing Date, the Issuer does hereby irrevocably sell, transfer, assign, contribute and otherwise convey to the Grantor Trust without recourse (subject to the obligations herein) on the Closing Date all right, title and interest of the Issuer, whether now owned or hereafter acquired, in, to and under the Conveyed Assets, as evidenced by an assignment substantially in the form of Exhibit A. The sale, transfer, assignment, contribution and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Grantor Trust of any obligation of the Issuer, the Seller or BAC to the Obligors, the Dealer, insurers or any other Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto.
Conveyance of Conveyed Assets. Each Conveyance of Conveyed Assets shall be evidenced by the execution and delivery by the Obligors and ABS of this Master Sale Agreement and the execution and delivery of a Sale Agreement Supplement in the form of Exhibit A hereto, and all of the Obligors' rights hereunder and thereunder shall similarly be pledged to the Trustee for the benefit of the related Series Secured Parties as of the related Purchase Date. Each such conveyance shall be effective as of the related Purchase Date.
Conveyance of Conveyed Assets. (a) On or after the transfer of any Conveyed Assets by the Seller to the Issuer, (i) the Seller shall transfer to the Collection Account all Principal Proceeds and Interest Proceeds received by the Seller with respect to such Conveyed Assets on and after the applicable Transfer Date and (ii) the Seller shall, at its own expense, not later than the applicable Transfer Date, indicate in its records that ownership of the Conveyed Assets has been conveyed to the Issuer pursuant to this Agreement.
