Common use of Conveyance of Receivables and Accounts Clause in Contracts

Conveyance of Receivables and Accounts. (a) The Buyer does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest Receivables), all proceeds (as defined in Section 9- 306 of the UCC as in effect in the State of Minnesota and Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer agrees to execute and deliver to the Seller, on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trust does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds (as defined in Section 9- 306 of the UCC as in effect in the State of Minnesota and including Recoveries) thereof relating theretothereof. (b) If requested by the Seller, in connection with such transfer, the Buyer Trust agrees to execute and deliver deliver, or cause to be executed and delivered, to the Seller, Seller on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust or by the Trustee, as applicable, of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trustee does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), all proceeds (as defined in Section 9- 306 9-315 of the UCC as in effect in the State of Minnesota Michigan and Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer Trustee agrees to execute and deliver to the Seller, Seller on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest Receivables), all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota and Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer agrees to execute and deliver to the Seller, on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trustee does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Michigan and Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer Trustee agrees to execute and deliver to the Seller, Seller on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Purchaser does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Commencement Date, all right, title and interest of the Trust in, to and under (x) all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time on and after the Removal Commencement Date until the termination of Removal Termination Date in the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, hereby all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds thereof (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Vermont) and Recoveries relating thereto and (y) on the Removal Termination Date, all Collateral Security in connection with such Removed Accounts and all proceeds thereof (as defined in Section 9-306 of the UCC as in effect in the State of Vermont and Recoveries) thereof relating related thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer Purchaser agrees to execute and deliver to the Seller, Seller on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time on and Collateral Security thereof after the Removal Commencement Date in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral SecuritySecurity with respect thereto, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer a. WODFI does hereby transfer, assign, set over and otherwise convey to the SellerWorld Omni, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Florida and Recoveries) thereof relating thereto. (b) b. If requested by the SellerWorld Omni, in connection with such transfer, the Buyer WODFI agrees to execute and deliver to the Seller, World Omni on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust Buyer in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in the Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest Receivables), and all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota and including Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer agrees to execute and deliver to the Seller, on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non- Principal Receivables), all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Missouri [Georgia] and Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer agrees to execute and deliver to the Seller, on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trustee does hereby -------------------------------------- hereby, on behalf of the Trust, transfer, assign, set over and otherwise convey to the SellerDepositor, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security in respect thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds thereof (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Vermont) and Recoveries) thereof Recoveries relating thereto. (b) If requested by the SellerDepositor, in connection with such transfer, the Buyer Trustee agrees to execute and deliver to the Seller, Depositor on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security in respect thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral SecuritySecurity with respect thereto, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trustee does hereby -------------------------------------- hereby, on behalf of the Trust, transfer, assign, set over and otherwise convey to the SellerDepositor, without recourse, representation or warranty on and after the Removal Commencement Date, all right, title and interest of the Trust in, to and under (x) all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time on and after the Removal Commencement Date until the termination of Removal Termination Date in the Trust in Removed Ineligible Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, hereby and all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds thereof (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Vermont) and Recoveries relating thereto and (y) on the Removal Termination Date, all Collateral Security in connection with such Ineligible Accounts and all proceeds thereof (as defined in Section 9-306 of the UCC as in effect in the State of Vermont and Recoveries) thereof relating thereto. (b) If requested by the SellerDepositor, in connection with such transfer, the Buyer Trustee agrees to execute and deliver to the Seller, Depositor on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time on and Collateral Security thereof after the Removal Commencement Date in the Removed Ineligible Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the such Receivables in the Removed Accounts and the Collateral SecurityIneligible Accounts, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trustee does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Missouri) and Recoveries) Recoveries thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer Trustee agrees to execute and deliver to the Seller, Seller on or prior to the date of this Reassignment, a termination statement under the UCC of each applicable jurisdiction with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trustee does hereby hereby, on behalf of the Trust, transfer, assign, set over and otherwise convey to the SellerDepositor, without recourse, representation or warranty on and after the Removal Commencement Date, all right, title and interest of the Trust in, to and under (x) all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time on and after the Removal Commencement Date until the termination of Removal Termination Date in the Trust in Removed Ineligible Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, hereby and all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds thereof (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Vermont) and Recoveries relating thereto and (y) on the Removal Termination Date, all Collateral Security in connection with such Ineligible Accounts and all proceeds thereof (as defined in Section 9-306 of the UCC as in effect in the State of Vermont and Recoveries) thereof relating thereto. (b) If requested by the SellerDepositor, in connection with such transfer, the Buyer Trustee agrees to execute and deliver to the Seller, Depositor on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time on and Collateral Security thereof after the Removal Commencement Date in the Removed Ineligible Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the such Receivables in the Removed Accounts and the Collateral SecurityIneligible Accounts, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Purchaser does -------------------------------------- hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security in respect thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Vermont) and Recoveries) Recoveries thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer Purchaser agrees to execute and deliver to the Seller, Seller on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security in respect thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral SecuritySecurity with respect thereto, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Trustee does hereby hereby, on behalf of the Trust, transfer, assign, set over and otherwise convey to the SellerDepositor, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security in respect thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds thereof (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Vermont) and Recoveries) thereof Recoveries relating thereto. (b) If requested by the SellerDepositor, in connection with such transfer, the Buyer Trustee agrees to execute and deliver to the Seller, Depositor on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security in respect thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral SecuritySecurity with respect thereto, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer a. VDF does hereby transfer, assign, set over and otherwise convey to the SellerVCI, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), all proceeds (as defined in Section 9- 306 9-102 of the UCC as in effect in the State of Minnesota UCC) and Recoveries) thereof relating theretoRecoveries thereof. (b) b. If requested by the SellerVCI, in connection with such transfer, the Buyer VDF agrees to execute and deliver to the Seller, VCI on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer a. WODFI does hereby transfer, assign, set over and otherwise convey to the SellerWorld Omni, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables related to Removed Accounts, now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), all proceeds (as defined in Section 9- 306 9-102 of the UCC as in effect in the State of Minnesota Florida and Recoveries) thereof of such Removed Property relating thereto. (b) b. If requested by the SellerWorld Omni, in connection with such transfer, the Buyer agrees WODFI authorizes World Omni or its agent to execute prepare and deliver to the Seller, file on or prior to the date of this Reassignment, a termination statement or amendment with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Security thereof in the Removed Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Accounts and the Collateral Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer Purchaser does -------------------------------------- hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Commencement Date, all right, title and interest of the Trust in, to and under (x) all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time on and after the Removal Commencement Date until the termination of Removal Termination Date in the Trust in Removed Ineligible Accounts designated hereby, all Collateral Security thereof, the related Floorplan Rights, hereby and all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), ) and all proceeds thereof (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Vermont) and Recoveries thereof relating thereto and (y) on the Removal Termination Date, all Collateral Security in connection with such Ineligible Accounts and all proceeds thereof (as defined in Section 9-306 of the UCC as in effect in the State of Vermont and Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer Purchaser agrees to execute and deliver to the Seller, Seller on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time on and Collateral Security after the Removal Commencement Date until the Removal Termination Date in respect thereof in the Removed Ineligible Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Security) evidencing the release by the Trust Seller of its lien on the such Receivables in the Removed Accounts and the Collateral SecurityIneligible Accounts, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.

Conveyance of Receivables and Accounts. (a) The Buyer does hereby transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty on and after the Removal Date, all right, title and interest of the Trust in, to and under all Receivables now existing at the close of business on the Removal Date and thereafter created from time to time until the termination of the Trust in Removed Removal Accounts designated hereby, all Collateral Related Security thereof, the related Floorplan Rights, all monies due or to become due and all amounts received with respect thereto (Interest including all Non-Principal Receivables), all proceeds (as defined in Section 9- 9-306 of the UCC as in effect in the State of Minnesota Michigan and Recoveries) thereof relating thereto. (b) If requested by the Seller, in connection with such transfer, the Buyer agrees to execute and deliver to the Seller, Seller on or prior to the date of this Reassignment, a termination statement with respect to the Receivables existing at the close of business on the Removal Date and thereafter created from time to time and Collateral Related Security thereof in the Removed Removal Accounts reassigned hereby (which may be a single termination statement with respect to all such Receivables and Collateral Related Security) evidencing the release by the Trust of its lien on the Receivables in the Removed Removal Accounts and the Collateral Related Security, and meeting the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such lien.