Common use of Conveyance of Subsequent Receivables Clause in Contracts

Conveyance of Subsequent Receivables. Subject to the conditions set forth in Section 4.1(b), in consideration of the Purchaser's delivery on the related Subsequent Transfer Date to or upon the order of the Originator of the related Subsequent Purchase Price pursuant to Section 2.5, 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 and interest in, to and under: (i) the Subsequent Receivables listed on Schedule A to the related First-Tier Subsequent Transfer Assignment, including all documents constituting chattel paper included therewith, and all obligations of the Obligors thereunder, including all moneys paid thereunder on or after the related Subsequent Cutoff Date; (ii) the security interests in the Financed Equipment granted by Obligors pursuant to such Subsequent Receivables and any other interest of the Originator in such Financed Equipment; (iii) any proceeds with respect to such Subsequent Receivables from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds with respect to such Subsequent Receivables from recourse to Dealers other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured any such Subsequent Receivable and that shall have been acquired by or on behalf of the Purchaser; and (vi) the proceeds of any and all of the foregoing (other than Recoveries).

Appears in 3 contracts

Samples: Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc)

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Conveyance of Subsequent Receivables. Subject to the conditions set forth in Section 4.1(b), in In consideration of the Purchaser's Issuer’s delivery on the related Subsequent Transfer Date to or upon the order of the Originator Seller of the related Subsequent Purchase Price pursuant to Section 2.5$____________, the Originator Seller does hereby sell, transfer, assign, set over and otherwise convey to the PurchaserIssuer, without recourse (subject to except as expressly provided in the obligations hereinSale and Servicing Agreement), all of its right, title and interest of the Seller in, to and under: (ia) the Subsequent Receivables listed on in Schedule A to the related First-Tier this Subsequent Transfer Assignment, including all documents constituting chattel paper included therewith, Agreement and all obligations of the Obligors thereunder, including all moneys paid monies received thereunder on or after the related Subsequent Cutoff Date and all Net Liquidation Proceeds and Recoveries received with respect to such Subsequent Receivables after the Subsequent Cutoff Date; (iib) the security interests in the Financed Equipment Vehicles granted by Obligors pursuant to such Subsequent Receivables and any other interest of the Originator Seller in such Financed EquipmentVehicles, including, without limitation, the certificates of title or, with respect to such Financed Vehicles in the Non-Certificated Title States, all other evidence of ownership with respect to such Financed Vehicles issued by the applicable Department of Motor Vehicles or similar authority; (iiic) any proceeds from claims on any physical damage, credit life and credit accident and health insurance policies or certificates relating to the Financed Vehicles securing such Subsequent Receivables or the Obligors thereunder; (d) all proceeds from recourse against Dealers or Consumer Lenders with respect to such Subsequent Receivables from claims on insurance policies covering Financed Equipment or ObligorsReceivables; (iv) any proceeds with respect to such Subsequent Receivables from recourse to Dealers other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured any such Subsequent Receivable and that shall have been acquired by or on behalf of the Purchaser; and (vi) the proceeds of any and all of the foregoing (other than Recoveries).

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Conveyance of Subsequent Receivables. Subject to the conditions set forth in Section 4.1(b), in In consideration of the Purchaser's Issuer’s delivery on the related Subsequent Transfer Date to or upon the order of the Originator Seller of the related Subsequent Purchase Price pursuant to Section 2.5$____________, the Originator Seller does hereby sell, transfer, assign, set over and otherwise convey to the PurchaserIssuer, without recourse (subject to except as expressly provided in the obligations hereinSale and Servicing Agreement), all of its right, title and interest of the Seller in, to and under: (ia) the Subsequent Receivables listed on in Schedule A to the related First-Tier this Subsequent Transfer Assignment, including all documents constituting chattel paper included therewith, Agreement and all obligations of the Obligors thereunder, including all moneys paid monies received thereunder on or after the related Subsequent Cutoff Date and all Net Liquidation Proceeds and Recoveries received with respect to such Subsequent Receivables after the Subsequent Cutoff Date; (iib) the security interests in the Financed Equipment Vehicles granted by Obligors pursuant to such Subsequent Receivables and any other interest of the Originator Seller in such Financed EquipmentVehicles, including, without limitation, the Lien Certificates with respect to such Financed Vehicles; (iiic) any proceeds from claims on any physical damage, credit life and credit accident and health insurance policies or certificates relating to the Financed Vehicles securing such Subsequent Receivables or the Obligors thereunder; (d) all proceeds from recourse against Dealers or Consumer Lenders with respect to such Subsequent Receivables from claims on insurance policies covering Financed Equipment or ObligorsReceivables; (iv) any proceeds with respect to such Subsequent Receivables from recourse to Dealers other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured any such Subsequent Receivable and that shall have been acquired by or on behalf of the Purchaser; and (vi) the proceeds of any and all of the foregoing (other than Recoveries).

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Conveyance of Subsequent Receivables. Subject to the conditions set forth in Section 4.1(b), in In consideration of the Purchaser's ’s delivery on the related Subsequent Transfer Date to or upon the order of the Originator Seller of $_______________ (the related Subsequent Receivables Purchase Price pursuant to Section 2.5Price”), the Originator Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to except as provided in the obligations hereinPurchase Agreement), all of its right, right title and interest in, to of the Seller in and underto: (i) the Subsequent Receivables listed on Schedule A to the related First-Tier Subsequent Transfer Assignment, including all documents constituting chattel paper included therewithhereto, and all obligations of the Obligors thereunder, including all moneys paid monies received thereunder on or and after the related Subsequent Cutoff Date; (ii) the security interests in the Financed Equipment Vehicles granted by Obligors pursuant to such Subsequent Receivables and any other interest of the Originator Seller in such Financed EquipmentVehicles; (iii) any proceeds with respect to such Subsequent Receivables from claims on any physical damage, credit life or disability insurance policies covering the related Financed Equipment Vehicles or ObligorsObligors and any proceeds from the liquidation of such Subsequent Receivables; (iv) any proceeds with respect from any Subsequent Receivable repurchased by a Dealer, pursuant to such Subsequent Receivables from recourse to Dealers other than any interest a Dealer Agreement, as a result of a breach of representation or warranty in the Dealers' reserve accounts maintained with the Originatorrelated Dealer Agreement; (v) any extended warranty service contracts on the related Financed Equipment that shall have secured any such Subsequent Receivable and that shall have been acquired by or on behalf of Vehicles; (vi) the Purchaserrelated Receivables Files; and (vivii) the proceeds of any and all of the foregoing (other than Recoveries)foregoing.

Appears in 2 contracts

Samples: Purchase Agreement (Franklin Auto Trust 2004-1), Purchase Agreement (Franklin Auto Trust 2004-2)

Conveyance of Subsequent Receivables. Subject to the conditions set forth in Section 4.1(b), in In consideration of the PurchaserIssuer's delivery on the related Subsequent Transfer Date to or upon the order of the Originator Seller of the related Subsequent Purchase Price pursuant to Section 2.5$____________, the Originator Seller does hereby sell, transfer, assign, set over and otherwise convey to the PurchaserIssuer, without recourse (subject to except as expressly provided in the obligations hereinSale and Servicing Agreement), all of its right, title and interest in, to of the Seller in and underto: (ia) the Subsequent Receivables listed on in Schedule A to this Subsequent Transfer Agreement and all monies received thereunder (other than the Additional Servicing Compensation) after the related First-Tier Subsequent Transfer Assignment, including all documents constituting chattel paper included therewith, Cutoff Date and all obligations of the Obligors thereunder, including all moneys paid thereunder on or Net Liquidation Proceeds and Recoveries received with respect to such Subsequent Receivables after the related Subsequent Cutoff Date; (iib) the security interests in the Financed Equipment Vehicles granted by Obligors pursuant to such the Subsequent Receivables and any other interest of the Originator Seller in such Financed Equipment; (iii) any proceeds Vehicles, including, without limitation, the certificates of title or, with respect to such Subsequent Receivables from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds Vehicles in the Non-Certificated Title States, all other evidence of ownership with respect to such Subsequent Receivables from recourse to Dealers other than any interest in Financed Vehicles issued by the Dealers' reserve accounts maintained with the Originatorapplicable Department of Motor Vehicles or similar authority; (vc) any proceeds from claims on any physical damage, credit life and credit accident and health insurance policies or certificates relating to the Financed Equipment that shall have secured any such Vehicles securing the Subsequent Receivable and that shall have been acquired by Receivables or on behalf of the Purchaser; andObligors thereunder; (vid) all proceeds from recourse against Dealers with respect to the proceeds of any and all of the foregoing (other than Recoveries).related Subsequent Receivables;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

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Conveyance of Subsequent Receivables. (a) Subject to the conditions set forth in Section 4.1(b2.02(b), in consideration of the PurchaserTrustee's delivery on the related Subsequent Transfer Date to or upon the order of the Originator Seller of the purchase price for the Subsequent Receivables, in each case as described below and set forth in the related Subsequent Purchase Price pursuant to Section 2.5Transfer Agreement, the Originator does hereby Seller shall on each Subsequent Transfer Date sell, transfer, assign, set over assign and otherwise convey to the PurchaserTrustee for the benefit of the Certificateholders, without recourse (subject to the Seller's obligations herein), ): (i) all of its right, title and interest in, of the Seller in and to and under: (i) the Subsequent Receivables listed on Schedule A to the related First-Tier Subsequent Transfer Assignment, including all documents constituting chattel paper included therewithAgreement, and all obligations monies due thereon and paid thereon or in respect thereof (including proceeds of the Obligors thereunder, including all moneys paid thereunder repurchase of such Subsequent Receivables by the Seller pursuant to Section 12.02 or 21.02 of the Standard Terms and Conditions or the purchase of such Subsequent Receivables by the Servicer pursuant to Section 13.07 or 21.02 of the Standard Terms and Conditions) on or after the related Subsequent Cutoff Date; ; (ii) the interest of the Seller in the security interests in the related Financed Equipment Vehicles granted by the related Obligors pursuant to such Subsequent Receivables and any other Receivables; (iii) the interest of the Originator Seller in such Financed Equipment; (iii) any Liquidation Proceeds, in any proceeds with respect of any physical damage insurance policies covering the related Financed Vehicles and in any proceeds of any credit life or credit disability insurance policies relating to such Subsequent Receivables from claims on insurance policies covering Financed Equipment or the related Obligors; (iv) any proceeds with respect to such Subsequent Receivables from recourse to Dealers other than any interest in the Dealers' reserve accounts maintained with the Originator; (v) any Financed Equipment that shall have secured any such Subsequent Receivable and that shall have been acquired by or on behalf of the Purchaser; and (vi) the proceeds of any and all of the foregoing (other than Recoveries).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp)

Conveyance of Subsequent Receivables. Subject to the conditions set forth in Section 4.1(b), in In consideration of the PurchaserIssuer's delivery on the related Subsequent Transfer Date to or upon the order of the Originator Seller of the related Subsequent Purchase Price pursuant to Section 2.5$____________, the Originator Seller does hereby sell, transfer, assign, set over and otherwise convey to the PurchaserIssuer, without recourse (subject to except as expressly provided in the obligations hereinSale and Servicing Agreement), all of its right, title and interest in, to of the Seller in and underto: (ia) the Subsequent Receivables listed on in Schedule A to this Subsequent Transfer Agreement and all monies received thereunder (other than the Additional Servicing Compensation) after the related First-Tier Subsequent Transfer Assignment, including all documents constituting chattel paper included therewith, Cutoff Date and all obligations of the Obligors thereunder, including all moneys paid thereunder on or Net Liquidation Proceeds and Recoveries received with respect to such Subsequent Receivables after the related Subsequent Cutoff Date; (iib) the security interests in the Financed Equipment Vehicles granted by Obligors pursuant to such the Subsequent Receivables and any other interest of the Originator Seller in such Financed Equipment; (iii) any proceeds Vehicles, including, without limitation, the certificates of title or, with respect to such Subsequent Receivables from claims on insurance policies covering Financed Equipment or Obligors; (iv) any proceeds Vehicles in the Non-Certificated Title States, all other evidence of ownership with respect to such Subsequent Receivables from recourse to Dealers other than any interest in Financed Vehicles issued by the Dealers' reserve accounts maintained with the Originatorapplicable Department of Motor Vehicles or similar authority; (vc) any proceeds from claims on any physical damage, credit life and credit accident and health insurance policies or certificates relating to the Financed Equipment that shall have secured any such Vehicles securing the Subsequent Receivable and that shall have been acquired by Receivables or on behalf of the Purchaser; andObligors thereunder; (vid) all proceeds from recourse against Dealers or Consumer Lenders with respect to the proceeds of any and all of the foregoing (other than Recoveries).related Subsequent Receivables;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc)

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