Common use of Purchase of Leases Clause in Contracts

Purchase of Leases. By their execution and delivery of this Sales and Servicing Agreement, the Seller hereby sells and assigns to the Company, and the Company hereby purchases from the Seller without recourse (except to the extent of the Seller's repurchase obligations as set forth herein), all of the Seller's right, title and interest in and to each of the Leases (including the right to receive all payments due or to become due thereunder since the Cut-Off Date).

Appears in 4 contracts

Samples: Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X)

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