Common use of Purchase of Receivables Upon Breach Clause in Contracts

Purchase of Receivables Upon Breach. The Servicer or the Trustee shall inform the other party and the Depositor promptly, in writing, upon the discovery of any breach pursuant to Section 3.2(b), 3.5 or 3.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-1), Pooling and Servicing Agreement (Barnett Auto Receivables Corp), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-2)

AutoNDA by SimpleDocs

Purchase of Receivables Upon Breach. The Servicer or the Owner Trustee shall inform the other party and the Trustee and the Depositor promptly, in writing, upon the discovery of any breach pursuant to Section 3.2(b4.2(b), 3.5 4.5 or 34.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Barnett Auto Receivables Corp), Sale and Servicing Agreement (Ace Securities Corp), Sale and Servicing Agreement (Barnett Auto Receivables Corp)

Purchase of Receivables Upon Breach. The Servicer or the Trustee shall inform the other party and the Depositor promptly, in writing, upon the discovery of any breach pursuant to Section 3.2(b)Sections 4.2, 3.5 4.4, 4.5 or 34.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Asta Funding Inc), Pooling and Servicing Agreement (Asta Funding Inc), Servicing Agreement (Asta Funding Inc)

Purchase of Receivables Upon Breach. The Servicer or the Trustee shall inform the other party and the Depositor Seller promptly, in writing, upon the discovery of any breach pursuant to Section 3.2(b), 3.5 or 3.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bank One Texas National Association), Pooling and Servicing Agreement (Bank One Texas National Association)

AutoNDA by SimpleDocs

Purchase of Receivables Upon Breach. The Servicer or the Owner Trustee shall inform the other party and the Depositor Trustee and the Seller promptly, in writing, upon the discovery of any breach pursuant to Section 3.2(b4.2(b), 3.5 4.5 or 34.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Oxford Resources Corp)

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