Common use of DELIVERY OF LEGAL FILES AND RECEIVABLE FILES Clause in Contracts

DELIVERY OF LEGAL FILES AND RECEIVABLE FILES. (a) On or prior to the Closing Date, the Transferor shall transfer and deliver to the Custodian at the offices specified in Schedule B to this Agreement the Legal Files with respect to each applicable Receivable. (b) On or prior to the Closing Date, the Transferor shall transfer and deliver to the Servicer with respect to each Receivable the following, either in hard copy or in an electronic format: (i) a copy of the fully executed original of the Receivable with a copy of the fully executed assignment from the related Dealer to the Originator (together with copies of any agreements modifying the Receivable, including, without limitation, any extension agreements); (ii) a copy of the original credit application fully executed by the Obligor; (iii) a copy of the Lien Certificate or Title Package, as applicable; (iv) all other documents listed on the Documentation Checklist in effect on the Cutoff Date relating to such Receivable, except that the Receivable Files shall contain a copy of those documents the original of which constitutes a part of the Legal File; and (v) any and all other documents that the Servicer or the Originator shall keep on file, in accordance with its customary procedures, relating to a Receivable, an Obligor or a Financed Vehicle.

DELIVERY OF LEGAL FILES AND RECEIVABLE FILES. (a) On or prior to the Closing Date, the Transferor shall transfer and deliver to the Custodian at the offices specified in Schedule B to this Agreement the Legal Files with respect to each applicable Receivable. (b) On or prior to the Closing Date, the Transferor shall transfer and deliver to the Servicer with respect to each applicable Receivable the following, either in hard copy or in an electronic format: (i) a copy of the fully executed original of the Receivable with a copy of the fully executed assignment from the related Dealer to the Originator (together with copies of any agreements modifying the Receivable, including, without limitation, any extension agreements); (ii) a copy of the original credit application fully executed by the Obligor; (iii) a copy of the Lien Certificate or Title Package, as applicable; (iv) all other documents listed on the Documentation Checklist in effect on the Cutoff Date Date, relating to such Receivable, except that the Receivable Files shall contain a copy of those documents the original of which constitutes a part of the Legal File; and (v) any and all other documents that the Servicer or the Originator shall keep on file, in accordance with its customary procedures, relating to a Receivable, an Obligor or a Financed Vehicle.