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.

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.

Conveyance of Receivables and Accounts. (a1) 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 Michigan and Recoveries) thereof relating thereto.

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.

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.

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.

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.

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.

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.

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 Michigan and Recoveries) thereof relating thereto.