Common use of Initial Receivables Clause in Contracts

Initial Receivables. In consideration of the Issuing Entity’s delivery of the Notes and the Certificates to, or upon the order of, the Depositor, the Depositor does hereby enter into this Agreement and the related Second Step Initial Receivables Assignment in the form attached as Exhibit B to this Agreement (the “Second Step Initial Receivables Assignment”) and agrees to fulfill all of its obligations hereunder and thereunder and to sell, transfer, assign and otherwise convey to the Issuing Entity, without recourse:

Initial Receivables. In consideration of the Issuing Entity’s delivery of the Notes and the Certificates to, or upon the order of, the Depositor, the Depositor does hereby enter into this Agreement and the related [related] Second Step Initial [Initial] Receivables Assignment in the form attached as Exhibit B to this Agreement (the “Second Step Initial [Initial] Receivables Assignment”) and agrees to fulfill all of its obligations hereunder and thereunder and to sell, transfer, assign and otherwise convey to the Issuing Entity, without recourse: