Common use of Conveyance of Purchased Contracts Clause in Contracts

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 (the "Initial Purchase Price") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, interest and, with respect to Contracts that are Leases, obligations in, to and under: (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (vii) the proceeds of any and all of the foregoing (other than Recoveries).

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 439,791,757.40 (the "Initial Purchase PriceINITIAL PURCHASE PRICE") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, interest and, with respect to any Contracts that are Leases, obligations in, to and under:under (collectively, the "INITIAL FIRST-TIER ASSETS"): (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the OriginatorOriginator or with NH Credit; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (vii) the proceeds of any and all of the foregoing (other than Recoveries)foregoing.

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 [____________] (the "Initial Purchase Price") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, interest and, with respect to any Contracts that are Leases, obligations in, to and under:under (collectively, the "Initial First-Tier Assets"): (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (vii) the proceeds of any and all of the foregoing (other than Recoveries)foregoing.

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 189,583,199.44 (the "Initial Purchase Price") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, interest and, with respect to any Contracts that are Leases, obligations in, to and under: (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (vii) the proceeds of any and all of the foregoing (other than Recoveries).

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 222,231,963.88 (the "Initial Purchase Price") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, interest and, with respect to any Contracts that are Leases, obligations in, to and under: (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (vii) the proceeds of any and all of the foregoing (other than Recoveries).

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 _______________ (the "Initial Purchase Price") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, title and interest and, with respect to Contracts that are Leases, obligations in, to and under: (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (viivi) the proceeds of any and all of the foregoing (other than Recoveries).

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 193,455,904.72 (the "Initial Purchase Price") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, title and interest and, with respect to Contracts that are Leases, obligations in, to and under: (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (viivi) the proceeds of any and all of the foregoing (other than Recoveries).

Conveyance of Purchased Contracts. In consideration of the Purchaser's payment of $306,738,898.50 140,904,146.98 (the "Initial Purchase Price") in the manner set out in Section 2.5(a), the Originator does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all of its right, title, title and interest and, with respect to Contracts that are Leases, obligations in, to and under: (i) the Purchased Contracts, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the Initial Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to the Purchased Contracts and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to the Purchased Contracts from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds from recourse to Dealers with respect to the Purchased Contracts other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured the Purchased Contracts and that shall have been acquired by or on behalf of the Purchaser; (vi) any True Lease Equipment that is subject to any Purchased Contract; and (viivi) the proceeds of any and all of the foregoing (other than Recoveries).