Common use of Conveyance of the Home Loans Clause in Contracts

Conveyance of the Home Loans. As of the Closing Date, in consideration of the Grantor Trustee's delivery of the Grantor Trust Certificate and a collateral assignment of the Collection Account and the Pre-Funding Account to the Depositor or its designee, upon the order of the Depositor, the Depositor, as of the Closing Date and concurrently with the execution and delivery hereof, does hereby sell, transfer, assign, set over and otherwise convey to the Grantor Trustee, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Depositor in and to the Grantor Trust Estate. The foregoing sale, transfer, assignment, set over and conveyance does not, and is not intended to, result in a creation or an assumption by the Grantor Trustee of any obligation of the Depositor, the Transferor or any other person in connection with the Grantor Trust Estate or under any agreement or instrument relating thereto except as specifically set forth herein.

Conveyance of the Home Loans. As of the Closing DateDate and concurrently with the execution and delivery hereof, in consideration of the Grantor Trustee's delivery of the Grantor Trust Certificate and a collateral assignment of the Collection Account and the Pre-Funding Account to the Depositor Issuer or the Indenture Trustee, as its designeeassignee, as initial Grantor Trust Holder, upon the order of the Depositor, the Depositor, as of the Closing Date and concurrently with the execution and delivery hereof, does hereby sell, transfer, assign, set over and otherwise convey to the Grantor Trustee, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Depositor in and to the Grantor Trust Estate. The foregoing sale, transfer, assignment, set over and conveyance does not, and is not intended to, result in a creation or an assumption by the Grantor Trustee of any obligation of the Depositor, the any Transferor or any other person in connection with the Grantor Trust Estate or under any agreement or instrument relating thereto except as specifically set forth herein.

Conveyance of the Home Loans. As of the Closing DateDate and concurrently with the execution and delivery hereof, in consideration of the Grantor Trustee's delivery of the Grantor Trust Certificate and a collateral assignment of the Collection Account and the Pre-Funding Account to the Depositor Issuer or the Indenture Trustee, as its designeeassignee, as initial Grantor Trust Holder, upon the order of the Depositor, the Depositor, as of the Closing Date and concurrently with the execution and delivery hereof, does hereby sell, transfer, assign, set over and otherwise convey to the Grantor Trustee, without recourse, but subject to the other terms and provisions of this Agreement, all of the right, title and interest of the Depositor in and to the Grantor Trust Estate. The foregoing sale, transfer, assignment, set over and conveyance does not, and is not intended to, result in a creation or an assumption by the Grantor Trustee of any obligation of the Depositor, the Transferor or any other person in connection with the Grantor Trust Estate or under any agreement or instrument relating thereto except as specifically set forth herein.