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

Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 (a) Conveyance of the Initial Receivables and the Initial Other Conveyed Property. Subject to the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, and otherwise conveys to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 (a) Conveyance of the Initial Receivables and the Initial --------------------------------------------------------- Other Conveyed Property. Subject to the terms and conditions of this Agreement, Seller ----------------------- Sellers hereby sellssell, transferstransfer, assignsassign, and otherwise conveys convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller Sellers in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller Sellers and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller Sellers to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate Sellers' estates in the event of the filing of a bankruptcy petition by or against Seller Sellers under any bankruptcy or similar law.

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. SECTION 2.1 (a) Conveyance of the Initial Receivables and the -------------------------------------------------- Initial Other Conveyed Property. Subject to the terms and conditions of this ------------------------------- Agreement, Seller Sellers hereby sellssell, transferstransfer, assignsassign, and otherwise conveys convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller Sellers in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller Sellers and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller Sellers to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate Sellers' estates in the event of the filing of a bankruptcy petition by or against Seller Sellers under any bankruptcy or similar law.

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. SECTION 2.1 (a) Conveyance of the Initial Receivables and the --------------------------------------------- Initial Other Conveyed Property. Subject to the terms and conditions of this ------------------------------- Agreement, Seller Sellers hereby sellssell, transferstransfer, assignsassign, and otherwise conveys convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller Sellers in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller Sellers and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller Sellers to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate Sellers' estates in the event of the filing of a bankruptcy petition by or against Seller Sellers under any bankruptcy or similar law.

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. SECTION 2.1 (a) Conveyance of the Initial Receivables and the Initial ---------------------------------------------------------- Other Conveyed Property. Subject to the terms and conditions of this Agreement, Seller ----------------------- Sellers hereby sellssell, transferstransfer, assignsassign, and otherwise conveys convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller Sellers in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller Sellers and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller Sellers to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate Sellers' estates in the event of the filing of a bankruptcy petition by or against Seller Sellers under any bankruptcy or similar law.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

AutoNDA by SimpleDocs

Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 (aA) Conveyance of the Initial Receivables and the Initial Other Conveyed PropertyCONVEYANCE OF THE INITIAL RECEIVABLES AND THE INITIAL OTHER CONVEYED PROPERTY. Subject to the terms and conditions of this Agreement, Seller Sellers hereby sellssell, transferstransfer, assignsassign, and otherwise conveys convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller Sellers in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller Sellers and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller Sellers to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate Sellers' estates in the event of the filing of a bankruptcy petition by or against Seller Sellers under any bankruptcy or similar law.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 (a) Conveyance of the Initial Receivables and the Initial Other ----------------------------------------------------------- Conveyed Property. Subject to the terms and conditions of this Agreement, Seller ----------------- Sellers hereby sellssell, transferstransfer, assignsassign, and otherwise conveys convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller Sellers in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller Sellers and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller Sellers to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate Sellers' estates in the event of the filing of a bankruptcy petition by or against Seller Sellers under any bankruptcy or similar law.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 (a) Conveyance of the Initial Receivables and the Initial -------------------------------------------------------- Other Conveyed Property. Subject to the terms and conditions of this Agreement, Seller ----------------------- Sellers hereby sellssell, transferstransfer, assignsassign, and otherwise conveys convey to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller Sellers in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller Sellers and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller Sellers to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate Sellers' estates in the event of the filing of a bankruptcy petition by or against Seller Sellers under any bankruptcy or similar law.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!