Common use of Conveyance of the Receivables and the Other Conveyed Property to the Issuer Clause in Contracts

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Date. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 136 contracts

Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)

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Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Date. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 24 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2012-3), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2012-3), Purchase Agreement (Americredit Automobile Receivables Trust 2012-2)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser HARC intends, pursuant to the related Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the related Issuer on the Closing Transfer Date. The Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of the Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the related Issuer, the related Owner Trustee, the Trust Collateral Agentrelated Indenture Trustee, the Noteholders related Secured Parties and the Certificateholderrelated Certificateholders. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the related Issuer, the related Owner Trustee, the Trust Collateral Agent, the Noteholders related Indenture Trustee and the Certificateholder related Secured Parties and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly liable to the related Issuer, the related Owner Trustee, the Trust Collateral Agent, the Noteholders related Indenture Trustee and the Certificateholder related Secured Parties (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Documentsany Basic Document) and that the Trust Collateral Agent related Indenture Trustee may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the related Secured Parties and the related Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 11 contracts

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-2), Master Receivables Purchase Agreement (HSBC Automotive Trust (USA) 2006-1)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges acknowledge that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 8 contracts

Samples: Purchase Agreement (Americredit Automobile Receivables Trust 2003-C-F), Purchase Agreement (Americredit Automobile Receivables Trust 2003-a-M), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Date. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 7 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2010-B), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2010-A), Purchase Agreement (AmeriCredit Prime Automobile Receivables Trust 2007-2-M)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges acknowledge that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives waive any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 6 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. The Seller acknowledges that Purchaser HARC intends, pursuant to the Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Transfer Date. The Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of the Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders Secured Parties and the CertificateholderCertificateholders. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Secured Parties and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Secured Parties (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Documentsany Basic Document) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of the Seller under this Agreement against Seller for the benefit of the Secured Parties and the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 6 contracts

Samples: Master Receivables Purchase Agreement (Household Automotive Trust 2004-1), Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. The Seller acknowledges that Purchaser HARC intends, pursuant to the Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Transfer Date. The Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the Issuer, the Indenture Trustee, the Owner Trustee, the Trust Collateral Agent, the Noteholders Secured Parties and the CertificateholderCertificateholders. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Secured Parties, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Owner Trustee and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Secured Parties (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Documentsany Basic Document) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of the Seller under this Agreement against the Seller for the benefit of the Secured Parties and the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 5 contracts

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (Household Automotive Trust 2004-1)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller The Originator acknowledges that Purchaser the Depositor intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller The Originator acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller the Originator contained in this Agreement and the rights of Purchaser the Depositor hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the CertificateholderCertificateholders. In furtherance of the foregoing, Seller the Originator covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder Certificateholders and that, notwithstanding anything to the contrary in this Agreement, Seller shall the Originator will be directly liable to the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder Certificateholders (notwithstanding any failure by the Servicer or the Purchaser Backup Servicer to perform its respective duties and obligations hereunder or under the Related Documents) and that the Trust Collateral Agent Controlling Party may enforce the duties and obligations of Seller the Originator under this Agreement against Seller the Originator for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the CertificateholderCertificateholders.

Appears in 5 contracts

Samples: Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 5 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2004-1), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2008-1)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser HARC intends, pursuant to the Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Transfer Date. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderCertificateholders. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, Indenture Trustee and the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, Indenture Trustee and the Noteholders and the Certificateholder (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Basic Documents) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderOwner Trustee.

Appears in 4 contracts

Samples: Master Receivables Purchase Agreement (Household Automotive Trust 2001-1), Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing DateDate [and on each Subsequent Transfer Date in the case of Subsequent Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase Agreement] and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderCertificateholder[s]. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder Certificateholder[s] and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder Certificateholder[s] (notwithstanding any failure by the Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderCertificateholder[s].

Appears in 3 contracts

Samples: Purchase Agreement (Afs Sensub Corp.), Purchase Agreement (Afs Sensub Corp.), Purchase Agreement (Afs Sensub Corp.)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing DateDate [and on the Subsequent Transfer Date in the case of Subsequent Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase Agreement] and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 3 contracts

Samples: Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges acknowledge that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 3 contracts

Samples: Purchase Agreement, Purchase Agreement (Americredit Automobile Receivables Trust 2003-D-M), Purchase Agreement (Americredit Automobile Receivables Trust 2004-B-M)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser HARC intends, pursuant to the Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Transfer Date. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderCertificateholders. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, Trustee and the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, Trustee and the Noteholders and the Certificateholder (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Basic Documents) and that the Trust Collateral Agent Trustee may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderOwner Trustee.

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller The Originator acknowledges that Purchaser the Depositor intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller The Originator acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller the Originator contained in this Agreement and the rights of Purchaser the Depositor hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the CertificateholderCertificateholders. In furtherance of the foregoing, Seller the Originator covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder Certificateholders and that, notwithstanding anything to the contrary in this Agreement, Seller shall the Originator will be directly liable to the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder Certificateholders (notwithstanding any failure by the Servicer or the Purchaser Backup Servicer to perform its respective duties and obligations hereunder or under the Related Documents) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of Seller the Originator under this Agreement against Seller the Originator for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the CertificateholderCertificateholders.

Appears in 2 contracts

Samples: Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Automobile Receivables Trust 2006-A)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 2 contracts

Samples: Purchase Agreement (Americredit Automobile Receivables Trust 2005-C-F), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2005-B-M)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its their respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 2 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser HARC intends, pursuant to the related Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the related Issuer on the Closing Transfer Date. The Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of the Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the related Issuer, the related Owner Trustee, the Trust Collateral Agentrelated Indenture Trustee, the Noteholders related Secured Parties and the Certificateholderrelated Certificateholders. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the related Issuer, the related Owner Trustee, the Trust Collateral Agent, the Noteholders related Indenture Trustee and the Certificateholder related Secured Parties and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly liable to the related Issuer, the related Owner Trustee, the Trust Collateral Agent, the Noteholders related Indenture Trustee and the Certificateholder related Secured Parties (notwithstanding any failure by the Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Documentsany Basic Document) and that the Trust Collateral Agent related Indenture Trustee may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the related Secured Parties and the related Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (HSBC Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Auto Receivables Corp)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing DateDate [and on each Subsequent Transfer Date in the case of Subsequent Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase Agreement] and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 2 contracts

Samples: Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (AFS SenSub Corp.)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller The Originator acknowledges that Purchaser the Depositor intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller The Originator acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller the Originator contained in this Agreement and the rights of Purchaser the Depositor hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller the Originator covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall the Originator will be directly liable to the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser Backup Servicer to perform its respective duties and obligations hereunder or under the Related Documents) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of Seller the Originator under this Agreement against Seller the Originator for the benefit of the Insurer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder.

Appears in 2 contracts

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2004-A), Purchase Agreement (Triad Automobile Receivables Trust 2005-A)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller Originator acknowledges that Purchaser Depositor intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller Originator acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller Originator contained in this Agreement and the rights of Purchaser Depositor hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller Originator covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall Originator will be directly liable to the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser Backup Servicer to perform its respective duties and obligations hereunder or under the Related Documents) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of Seller Originator under this Agreement against Seller Originator for the benefit of the Insurer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2003-B)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges Sellers acknowledge that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges Sellers acknowledge and consents consent to such conveyance and pledge and waives waive any further notice thereof and covenants covenant and agrees agree that the representations and warranties of Seller Sellers contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants Sellers covenant and agrees agree to perform its their duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller Sellers shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its their respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller Sellers under this Agreement against Seller Sellers for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

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Conveyance of the Receivables and the Other Conveyed Property to the Issuer. The Seller acknowledges that Purchaser harc intends, pursuant to the Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Transfer Date. The Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of the Seller contained in this Agreement and the rights of Purchaser harc hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders Secured Parties and the CertificateholderCertificateholders. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Secured parties and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Secured Parties (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Documentsany basic document) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of the Seller under this Agreement against Seller for the benefit of the Secured Parties and the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing DateDate and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and any Subsequent Purchase Agreement and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (AmeriCredit Prime Automobile Receivables Trust 2007-1)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2005-a-X)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller The Originator acknowledges that Purchaser the Depositor intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof. Seller The Originator acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller the Originator contained in this Agreement and the rights of Purchaser the Depositor hereunder are intended to benefit [the Insurer,] the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller the Originator covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of [the Insurer,] the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall the Originator will be directly liable to the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer or the Purchaser Backup Servicer to perform its respective duties and obligations hereunder or under the Related Documents) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of Seller the Originator under this Agreement against Seller the Originator for the benefit of [the Insurer,] the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (Triad Financial Special Purpose LLC)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and any Subsequent Purchase Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (AFS SenSub Corp.)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser HARC intends, pursuant to the Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Transfer Date. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the related Series Support Provider, if any, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderCertificateholders. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the related Series Secured Parties, the Issuer, the Owner Trustee, the Trustee, the Trust Collateral Agent, the Noteholders if any, and the Certificateholder Series Secured Parties and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trustee, the Trust Collateral Agent, the Noteholders Agent and the Certificateholder Series Secured Parties (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Basic Documents) and that the Trust Collateral Agent Trustee may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of any Series Secured Parties, the Owner Trustee, Trustee and the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing DateDate [and on the Subsequent Transfer Date in the case of Subsequent Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase Agreement] and the rights of Purchaser hereunder are intended to benefit the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer Servicer[, the Backup Servicer] or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Owner Trustee, the Trust Collateral AgentIndenture Trustee, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (Efcar, LLC)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser HARC intends, pursuant to the related Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the related Issuer on the Closing Transfer Date. The Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of the Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the related Issuer, the related Owner Trustee, the Trust Collateral Agentrelated Indenture Trustee, the Noteholders related Secured Parties and the Certificateholderrelated Certificateholders. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the related Issuer, the related Owner Trustee, the Trust Collateral Agent, the Noteholders related Indenture Trustee and the Certificateholder related Secured Parties and that, notwithstanding anything to the contrary in this Agreement, Seller the seller shall be directly liable to the related Issuer, the related Owner Trustee, the Trust Collateral Agent, the Noteholders related Indenture Trustee and the Certificateholder related Secured Parties (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Documentsany Basic Document) and that the Trust Collateral Agent related Indenture Trustee may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the related Secured Parties and the related Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing DateDate [and on the Subsequent Transfer Date in the case of Subsequent Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase Agreement] and the rights of Purchaser hereunder are intended to benefit [the Insurer,] the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of [the Insurer,] the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of [the Insurer,] the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (AFS SenSub Corp.)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof [and on the Subsequent Transfer Date in the case of Subsequent Receivables]. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement [and any Subsequent Purchase Agreement] and the rights of Purchaser hereunder are intended to benefit [the Insurer,] the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of [the Insurer,] the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of [the Insurer,] the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (AFS Funding Trust)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and any Subsequent Purchase Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Noteholders, the Insurer and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Purchase Agreement (AFS SenSub Corp.)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and any Subsequent Purchase Agreement and the rights of Purchaser hereunder are intended to benefit the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.. Back to Contents

Appears in 1 contract

Samples: Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. The Seller acknowledges that Purchaser HARC intends, pursuant to the Master Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Transfer Date. The Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser HARC hereunder are intended to benefit the Issuer, the The Indenture Trustee, The Owner Trustee, the Trust Collateral Agent, the Noteholders Secured Parties and the CertificateholderCertificateholders. In furtherance of the foregoing, the Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Secured Parties, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Owner Trustee and that, notwithstanding anything to the contrary in this Agreement, the Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders Indenture Trustee and the Certificateholder Secured Parties (notwithstanding any failure by the Master Servicer or the Purchaser HARC to perform its their respective duties and obligations hereunder or under Related Documentsany Basic Document) and that the Trust Collateral Agent Indenture Trustee may enforce the duties and obligations of the Seller under this Agreement against the Seller for the benefit of the Secured Parties and the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Conveyance of the Receivables and the Other Conveyed Property to the Issuer. Seller acknowledges that Purchaser intends, pursuant to the Sale and Servicing Agreement, to convey the Receivables and the Other Conveyed Property, together with its rights under this Agreement, to the Issuer on the Closing Datedate hereof and on the Subsequent Transfer Date in the case of Subsequent Receivables. Seller acknowledges and consents to such conveyance and pledge and waives any further notice thereof and covenants and agrees that the representations and warranties of Seller contained in this Agreement and the rights of Purchaser hereunder are intended to benefit the Security Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderCertificateholders. In furtherance of the foregoing, Seller covenants and agrees to perform its duties and obligations hereunder, in accordance with the terms hereof for the benefit of the Security Insurer, the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder Certificateholders and that, notwithstanding anything to the contrary in this Agreement, Seller shall be directly liable to the Issuer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the Certificateholder Certificateholders (notwithstanding any failure by the Servicer, the Backup Servicer or the Purchaser to perform its their respective duties and obligations hereunder or under Related Documents) and that the Trust Collateral Agent may enforce the duties and obligations of Seller under this Agreement against Seller for the benefit of the Security Insurer, the Owner Trustee, the Trust Collateral Agent, the Noteholders and the CertificateholderCertificateholders.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

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