Common use of Purchase Termination Clause in Contracts

Purchase Termination. (a) On the ARSC Termination Date, the Seller shall cease transferring ARSC Purchased Assets to ARSC, provided that any right, title and interest of the Seller in and to any CFC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to ARSC of additional ARSC Purchased Assets, ARSC Purchased Assets transferred to ARSC prior to the Termination Date and Pool Collections in respect of such ARSC Purchased Assets and the related Finance Charges, whenever accrued in respect of such ARSC Purchased Assets, shall continue to be property of ARSC available for transfer by ARSC pursuant to the Transfer and Servicing Agreement. (b) Upon the occurrence of an ARSC Purchase Termination Event, ARSC and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of an ARSC Purchase Termination Event shall not deny to ARSC or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which ARSC or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the ARSC Termination Date, the Seller shall cease transferring ARSC Purchased Assets to ARSC, provided that any right, title and interest of the Seller in and to any CFC CMF Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to ARSC of additional ARSC Purchased Assets, ARSC Purchased Assets transferred to ARSC prior to the Termination Date and Pool Collections in respect of such ARSC Purchased Assets and the related Finance Charges, whenever accrued in respect of such ARSC Purchased Assets, shall continue to be property of ARSC available for transfer by ARSC pursuant to the Transfer and Servicing Agreement. (b) Upon the occurrence of an ARSC Purchase Termination Event, ARSC and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of an ARSC Purchase Termination Event shall not deny to ARSC or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which ARSC or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the ARSC Purchase ---------------------- Termination Date, the Seller shall cease transferring ARSC Purchased Assets to ARSC, provided that any right, title and interest of the Seller in and to any CFC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferredIssuer. Notwithstanding any cessation of the transfer to ARSC the Issuer of additional ARSC Purchased Assets, ARSC any Purchased Assets transferred to ARSC the Issuer prior to the Purchase Termination Date and Pool any Collections in respect of such ARSC Purchased Assets and the related Finance ChargesAssets, whenever accrued in respect of such ARSC Purchased Assets, shall continue to be property of ARSC the Issuer available for transfer pledge by ARSC pursuant to the Transfer and Servicing AgreementIssuer under the Indenture. (b) Upon the occurrence of an ARSC a Purchase Termination Event, ARSC the Issuer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC Uniform Commercial Code of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of an ARSC a Purchase Termination Event shall not deny to ARSC the Issuer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which ARSC the Issuer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the ARSC Termination Date, the Seller shall cease transferring ARSC Purchased Assets to ARSC, provided PROVIDED that any right, title and interest of the Seller in and to any CFC CMF Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to ARSC of additional ARSC Purchased Assets, ARSC Purchased Assets transferred to ARSC prior to the Termination Date and Pool Collections in respect of such ARSC Purchased Assets and the related Finance Charges, whenever accrued in respect of such ARSC Purchased Assets, shall continue to be property of ARSC available for transfer by ARSC pursuant to the Transfer and Servicing Agreement. (b) Upon the occurrence of an ARSC Purchase Termination Event, ARSC and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of an ARSC Purchase Termination Event shall not deny to ARSC or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which ARSC or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the ARSC KF Termination Date, the Seller shall cease transferring ARSC KF Purchased Assets to ARSCthe Issuer, provided that any right, title and interest of the Seller in and to any CFC CMGFSC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferred. Notwithstanding any cessation of the transfer to ARSC the issuer of additional ARSC KF Purchased Assets, ARSC KF Purchased Assets transferred to ARSC the Issuer prior to the Termination Date and Pool Collections in respect of such ARSC KF Purchased Assets and the related Finance Charges, whenever accrued in respect of such ARSC KF Purchased Assets, shall continue to be property of ARSC the Issuer available for transfer by ARSC the Issuer pursuant to the Transfer and Servicing Agreement. (b) Upon the occurrence of an ARSC a KF Purchase Termination Event, ARSC the Issuer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without limiting the foregoing, the occurrence of an ARSC KF Purchase Termination Event shall not deny to ARSC the Issuer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which ARSC the Issuer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.

Purchase Termination. (a) On the ARSC Termination Date, the Seller Originator shall cease transferring ARSC Cartus Fee Purchased Assets to ARSC, provided that any right, title and interest of the Seller in and to any CFC Designated Receivables arising from any Servicer Advances made thereafter, including any Related Property relating thereto and proceeds thereof, shall continue to be transferredIssuer. Notwithstanding any cessation of the transfer to ARSC the Issuer of additional ARSC Cartus Fee Purchased Assets, ARSC Cartus Fee Purchased Assets transferred to ARSC the Issuer prior to the Termination Date and Pool Fee Collections in respect of such ARSC Cartus Fee Purchased Assets and the related Finance Charges, whenever accrued in respect of such ARSC Purchased AssetsCartus Fee Receivables, shall continue to be property of ARSC the Issuer available for transfer by ARSC the Issuer pursuant to the Transfer and Servicing Fee Receivables Purchase Agreement. (b) Upon the occurrence of an ARSC a KF Purchase Termination Event, ARSC the Issuer and its assignees shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided to a buyer of accounts, chattel paper, promissory notes or payment intangibles under the UCC of each applicable jurisdiction and other applicable laws, which rights shall be cumulative. Without Subject to the limitations on recourse set forth herein but otherwise without limiting the foregoing, the occurrence of an ARSC a KF Purchase Termination Event shall not deny to ARSC the Issuer or its assignees any remedy in addition to termination of its obligation to make Purchases hereunder to which ARSC the Buyer or its assignees may be otherwise appropriately entitled, whether by statute or applicable law, at law or in equity.