Common use of Conveyance of the Purchased Assets Clause in Contracts

Conveyance of the Purchased Assets. (a) In consideration of the payment of the RSA Purchase Price as provided herein and subject to the terms and conditions set forth in this Agreement, Xxxxx on the Original Closing Date and on any Business Day thereafter may sell, transfer, assign, set-over and otherwise convey, and the Purchaser may purchase or accept as a capital contribution, as set forth in Section 2.01(c), all of Xxxxx’x right, title and interest, whether now owned or hereafter acquired, in and to the Purchased Assets (including all Collections associated with the foregoing), the Receivables of which will be identified in the Receivables Schedule to be maintained and updated by Xxxxx or the Servicer. Each such sale, transfer, assignment, set-over and conveyance shall be executed without recourse (other than as expressly provided herein). Xxxxx will provide the Servicer with all the necessary information to produce the Receivables Schedule and the Daily Receivables File. In connection with the conveyances of the Purchased Assets, in particular, Xxxxx’x right, title and interest to the Credit Agreements, hereunder from time to time, the parties hereto agree and acknowledge that bare legal title to the Credit Agreements shall not be transferred or otherwise conveyed by Xxxxx to the Purchaser. Xxxxx shall retain for servicing convenience bare legal title to the Credit Agreements to be held by Xxxxx for the benefit of the Administrative Agent (for the benefit of the Owners).

Conveyance of the Purchased Assets. (a) In consideration of the payment of the RSA Purchase Price as provided herein and subject to the terms and conditions set forth in this Agreement, Xxxxx on the Original Closing Date and on any Business Day thereafter may sell, transfer, assign, set-over and otherwise convey, and the Purchaser may purchase or accept as a capital contribution, as set forth in Section 2.01(c), all of Xxxxx’x right, title and interest, whether now owned or hereafter acquired, in and to the Purchased Assets (including all Collections associated with the foregoing), the Receivables of which will be identified in the Receivables Schedule to be maintained and updated by Xxxxx or the Servicer. Each such sale, transfer, assignment, set-over and conveyance shall be executed without recourse (other than as expressly provided herein). NJ 231024835v4 738473095 Xxxxx will provide the Servicer with all the necessary information to produce the Receivables Schedule and the Daily DailyWeekly Receivables File. In connection with the conveyances of the Purchased Assets, in particular, Xxxxx’x right, title and interest to the Credit Agreements, hereunder from time to time, the parties hereto agree and acknowledge that bare legal title to the Credit Agreements shall not be transferred or otherwise conveyed by Xxxxx to the Purchaser. Xxxxx shall retain for servicing convenience bare legal title to the Credit Agreements to be held by Xxxxx for the benefit of the Administrative Agent (for the benefit of the Owners).

Conveyance of the Purchased Assets. (a) In consideration of the payment of the RSA Purchase Price as provided herein and subject to the terms and conditions set forth in this Agreement, Xxxxx Xxxxx, on the Original Closing Date has, and on any Business Day thereafter may may, sell, transfer, assign, set-over and otherwise convey, and the Purchaser may purchase or accept as a capital contribution, as set forth in Section 2.01(c), all of Xxxxx’x right, title and interest, whether now owned or hereafter acquired, in and to the Purchased Assets (including all Collections associated with the foregoing), the Receivables of which will be identified in the Receivables Schedule to be maintained and updated by Xxxxx or the Servicer. Each such sale, transfer, assignment, set-over and conveyance shall be executed without recourse (other than as expressly provided herein). Xxxxx will provide the Servicer with all the necessary information to produce the Receivables Schedule and the Daily Weekly Receivables File. In connection with the conveyances of the Purchased Assets, in particular, Xxxxx’x right, title and interest to the Credit Agreements, hereunder from time to time, the parties hereto agree and acknowledge that bare legal title to the Credit Agreements shall not be transferred or otherwise conveyed by Xxxxx to the Purchaser. Xxxxx shall retain for servicing convenience bare legal title to the Credit Agreements to be held by Xxxxx for the benefit of the Administrative Agent (for the benefit of the Owners).

Conveyance of the Purchased Assets. (a) In consideration of the payment of the RSA Purchase Price as provided herein and subject to the terms and conditions set forth in this Agreement, Xxxxx on the Original Closing Date and on any Business Day thereafter may sell, transfer, assign, set-over and otherwise convey, and the Purchaser may purchase or accept as a capital contribution, as set forth in Section 2.01(c), all of Xxxxx’x right, title and interest, whether now owned or hereafter acquired, in and to the Purchased Assets (including all Collections associated with the foregoing), the Receivables of which will be identified in the Receivables Schedule to be maintained and updated by Xxxxx or the Servicer. Each such sale, transfer, assignment, set-over and conveyance shall be executed without recourse (other than as expressly provided herein). Xxxxx will provide the Servicer with all the necessary information to produce the Receivables Schedule and the Daily Receivables File. In connection with the conveyances of the Purchased Assets, in particular, Xxxxx’x right, title and interest to the Credit Agreements, hereunder from time to time, the parties hereto agree and acknowledge that bare legal title to the Credit Agreements shall not be transferred or otherwise conveyed by Xxxxx to the Purchaser. Xxxxx shall retain for servicing convenience bare legal title to the Credit Agreements to be held by Xxxxx for the benefit of the Administrative Agent (for the benefit of the Owners).