Common use of Reassignment of Purchased Receivables Clause in Contracts

Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Arcadia under SECTION 5.1, ARFC III and the Collateral Agent on behalf of the Investors shall take such steps as may be reasonably requested by Arcadia in order to assign to Arcadia all of ARFC III's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to ARFC III directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warranty, except as to the absence of liens, charges or encumbrances created by or arising as a result of actions of ARFC III. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, ARFC III shall, at the expense of Arcadia, take such steps as Arcadia deems reasonably necessary to enforce the Receivable, including bringing suit in ARFC III's name.

Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Arcadia AFL under SECTION 5.1Section 5.01, ARFC III and the Collateral Agent on behalf of the Investors shall take such steps as may be reasonably requested by Arcadia AFL in order to assign to Arcadia AFL all of ARFC IIIARFC's and the relevant Assignee's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to ARFC III and such Assignee directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warranty, except as to the absence of liens, charges or encumbrances created by or arising as a result of actions of ARFC IIIor such Assignee. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia AFL may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, ARFC III shall, at the expense of ArcadiaAFL, take such steps as Arcadia AFL deems reasonably necessary to enforce the Receivable, including bringing suit in ARFC IIIARFC's nameor any such Assignee's name or any Collateral Agent's name or the name of a Trustee on behalf of its Holders.

Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Arcadia under SECTION 5.1, ARFC III IV and the Collateral Agent on behalf of the Investors Secured Parties shall take such steps as may be reasonably requested by Arcadia in order to assign to Arcadia all of ARFC IIIIV's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to ARFC III IV directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warranty, except as to the absence of liens, charges or encumbrances created by or arising as a result of actions of ARFC IIIIV. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, ARFC III IV shall, at the expense of Arcadia, take such steps as Arcadia deems reasonably necessary to enforce the Receivable, including bringing suit in ARFC IIIIV's name.

Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of price paid to the Purchaser for any Receivable repurchased purchased by Arcadia LEAF under SECTION 5.1Section 6.1, ARFC III the Purchaser shall (and shall request the Collateral Agent on behalf of the Investors shall to) take such steps as may be reasonably requested by Arcadia LEAF in order to assign to Arcadia LEAF all of ARFC III's the Purchaser’s and the Collateral Agent’s right, title and interest in and to such Receivable and all security and documents and all Related Security and Other Conveyed Property conveyed Conveyed to ARFC III the Purchaser and the Collateral Agent directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warrantywarranty of any kind, except as to the absence of liens, charges or encumbrances created by or arising solely as a result of actions of ARFC IIIthe Purchaser or the Collateral Agent. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia LEAF may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the such Receivable, ARFC III the Purchaser shall, at the expense of ArcadiaLEAF, take such steps as Arcadia LEAF deems reasonably necessary to enforce the such Receivable, including bringing suit in ARFC III's the Purchaser’s name.

Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Arcadia OFL under SECTION Section 5.1, ARFC III and the Collateral Agent on behalf of the Investors ORFC shall take such steps as may be reasonably requested by Arcadia OFL in order to assign to Arcadia OFL all of ARFC IIIORFC's and the relevant Assignee's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to ARFC III ORFC and such Assignee directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warranty, except as to the absence of liens, charges or encumbrances created by or arising as a result of actions of ARFC IIIORFC or such Assignee. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia OFL may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, ARFC III ORFC shall, at the expense of ArcadiaOFL, take such steps as Arcadia OFL deems reasonably necessary to enforce the Receivable, including bringing suit in ARFC IIIORFC's nameor any such Assignee's name or any Collateral Agent's name or the name of a Trustee on behalf of its Holders.

Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Arcadia OFL under SECTION Section 5.1, ARFC III ORFC II and the Collateral Agent on behalf of the Investors Owner Trustee shall take such steps as may be reasonably requested by Arcadia OFL in order to assign to Arcadia OFL all of ARFC IIIORFC II's and the Trust's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to ARFC III ORFC II and the Trust directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warranty, except as to the absence of liens, charges or encumbrances created by or arising as a result of actions of ARFC IIIORFC II or the Owner Trustee. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia OFL may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, ARFC III ORFC II and the Owner Trustee shall, at the expense of ArcadiaOFL, take such steps as Arcadia OFL deems reasonably necessary to enforce the Receivable, including bringing suit in ARFC IIIORFC II's nameor the Owner Trustee's name or the names of the Certificateholders.

Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Arcadia AFL under SECTION Section 5.1, ARFC III II and the Collateral Agent on behalf of the Investors Owner Trustee shall take such steps as may be reasonably requested by Arcadia AFL in order to assign to Arcadia AFL all of ARFC IIIII's and the Trust's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to ARFC III II and the Trust directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warranty, except as to the absence of liens, charges or encumbrances created by or arising as a result of actions of ARFC IIIII or the Owner Trustee. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia AFL may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, ARFC III II and the Owner Trustee shall, at the expense of ArcadiaAFL, take such steps as Arcadia AFL deems reasonably necessary to enforce the Receivable, including bringing suit in ARFC IIIII's nameor the Owner Trustee's name or the names of the Certificateholders.