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 (including all Non-Principal Receivables), all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] and Recoveries) thereof relating thereto][in the case of Removed Accounts which are to be removed pursuant to Section 2.7 of the Receivables Contribution and Sale Agreement and which were not Ineligible Accounts at the time they were originally designated as Accounts, replace the immediately preceding bracketed text with the following: the Removed Accounts but not any right, title and interest of the Trust in, to and under (i) any Receivables existing as of the Removal Date in Removed Accounts designated hereby, (ii) all Collateral Security relating to such Receivables, (iii) the related Floorplan Rights, (iv) all monies due or to become due and all amounts received with respect to such Receivables (including all Non-Principal Receivables), (v) all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] and Recoveries) thereof relating to such Receivables, it being understood that the items described in clauses (i)-(v) will continue to be Trust Assets] .

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 (including all Non-Principal Receivables), all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] and Recoveries) thereof relating thereto][in the case of Removed Accounts which are to be removed pursuant to Section 2.7 of the Receivables Contribution and Sale Agreement and which were not Ineligible Accounts at the time they were originally designated as Accounts, replace the immediately preceding bracketed text with the following: the Removed Accounts but not any right, title and interest of the Trust in, to and under (i) any Receivables existing as of the Removal Date in Removed Accounts designated hereby, (ii) all Collateral Security relating to such Receivables, (iii) the related Floorplan Rights, (iv) all monies due or to become due and all amounts received with respect to such Receivables (including all Non-Principal Receivables), (v) all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] and Recoveries) thereof relating to such Receivables, it being understood that the items described in clauses (i)-(v) will continue to be Trust Assets] .

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 [in the case of Removed Accounts which were Ineligible Accounts at the time they were originally designated as Accounts, use the following language: 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 (including all Non-Principal Receivables), all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] Missouri) and Recoveries) Recoveries thereof relating thereto][in thereto] [in the case of Removed Accounts which are to be removed pursuant to Section 2.7 of the Receivables Contribution and Sale Agreement and which were not Ineligible Accounts at the time they were originally designated as Accounts, replace the immediately preceding bracketed text with the following: the Removed Accounts but not any right, title and interest of the Trust in, to and under (i) any all Receivables existing as at the close of business on the Removal Date in Removed Accounts designated hereby, (ii) all Collateral Security relating to such Receivables, (iii) the related Floorplan Rights, (iv) all monies due or to become due and all amounts received with respect to such Receivables (including all Non-Principal Receivables), (viv) all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] Missouri) of such Receivables and Recoveries(v) thereof all Recoveries of such Receivables relating to such Receivablesthereto, it being understood that the items described in clauses (i)-(v) will shall continue to be Trust Assets] ].

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 (including all Non-Principal Receivables), all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] Missouri) and Recoveries) Recoveries thereof relating thereto][in thereto] [in the case of Removed Accounts which are to be removed pursuant to Section 2.7 2.8 of the Receivables Contribution and Sale Agreement and which were not Ineligible Accounts at the time they were originally designated as Accounts, replace the immediately preceding bracketed text with the following: the Removed Accounts but not any right, title and interest of the Trust in, to and under (i) any all Receivables existing as at the close of business on the Removal Date in Removed Accounts designated hereby, (ii) all Collateral Security relating to such Receivables, (iii) the related Floorplan Rights, (iv) all monies due or to become due and all amounts received with respect to such Receivables (including all Non-Non- Principal Receivables), (viv) all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] Missouri) of such Receivables and Recoveries(v) thereof all Recoveries of such Receivables relating to such Receivablesthereto, it being understood that the items described in clauses (i)-(v) will continue to be Trust Assets] ].

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 (including all Non-Non- Principal Receivables), all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] and Recoveries) thereof relating thereto][in the case of Removed Accounts which are to be removed pursuant to Section 2.7 of the Receivables Contribution and Sale Agreement and which were not Ineligible Accounts at the time they were originally designated as Accounts, replace the immediately preceding bracketed text with the following: the Removed Accounts but not any right, title and interest of the Trust in, to and under (i) any Receivables existing as of the Removal Date in Removed Accounts designated hereby, (ii) all Collateral Security relating to such Receivables, (iii) the related Floorplan Rights, (iv) all monies due or to become due and all amounts received with respect to such Receivables (including all Non-Principal Receivables), (v) all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] and Recoveries) thereof relating to such Receivables, it being understood that the items described in clauses (i)-(vi)- (v) will continue to be Trust Assets] .

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 (including all Non-Principal Receivables), all proceeds (as defined in Section 9-9- 306 of the UCC as in effect in the State of Missouri [Georgia] Missouri) and Recoveries) Recoveries thereof relating thereto][in thereto] [in the case of Removed Accounts which are to be removed pursuant to Section 2.7 2.8 of the Receivables Contribution and Sale Agreement and which were not Ineligible Accounts at the time they were originally designated as Accounts, replace the immediately preceding bracketed text with the following: the Removed Accounts but not any right, title and interest of the Trust in, to and under (i) any all Receivables existing as at the close of business on the Removal Date in Removed Accounts designated hereby, (ii) all Collateral Security relating to such Receivables, (iii) the related Floorplan Rights, (iv) all monies due or to become due and all amounts received with respect to such Receivables (including all Non-Principal Receivables), (viv) all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Missouri [Georgia] Missouri) of such Receivables and Recoveries(v) thereof all Recoveries of such Receivables relating to such Receivablesthereto, it being understood that the items described in clauses (i)-(v) will shall continue to be Trust Assets] ].