Common use of Reassignment of Repurchased or Substituted Loans Clause in Contracts

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Trustee for deposit in the Collection Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Date related to a Substitute Loan described in Section 11.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit F, the Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the Collateral.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Principal and Interest Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit F, the Indenture Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller Originator all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralIssuer.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Principal and Interest Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.01), and upon receipt of an Officer’s 's Certificate of the Servicer in the form attached hereto as Exhibit F, the Indenture Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller Originator all of the Trustee’s and the Issuer’s 's (or Trust Depositor’s's, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralIssuer.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit F, the Indenture Trustee and the Issuer shall assign to the Trust Depositor Depositor, and the Trust Depositor shall assign to the Seller Originator, all of the TrusteeIssuer’s and the IssuerIndenture Trustee’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralLoan Pool.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Account of the amounts described in Section 11.01 6.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.016.01), and upon receipt of an Officer’s Certificate a certificate of the Servicer a Servicing Officer in the form attached hereto as Exhibit FF to the Transfer and Servicing Agreement, the Indenture Trustee is required under the Transfer and the Issuer shall Servicing Agreement to assign to the Trust Depositor Depositor, and the Trust Depositor shall assign to the Seller Originator, all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralLoan Pool.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Account of the amounts described in Section 11.01 6.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.016.01), and upon receipt of an Officer’s Certificate a certificate of the Servicer a Servicing Officer in the form attached hereto as Exhibit FE to the Transfer and Servicing Agreement, the Indenture Trustee is required under the Transfer and the Issuer shall Servicing Agreement to assign to the Trust Depositor Depositor, and the Trust Depositor shall assign to the Seller Originator, all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralLoan Pool.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Trustee for deposit in the Collection Account of the amounts described in Section 11.01 6.01 (or upon the Substitute Loan Cutoff Date related to a Substitute Loan described in Section 11.016.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit FF to the Sale and Servicing Agreement, the Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the 2012-1 Loans or Substitute Loans being repurchased or substituted for the related Loan Assets without recourse, representation or warranty. Such reassigned 2012-1 Loan or Substitute Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the Collateral.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Account of the amounts described in Section 11.01 6.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.016.01), and upon receipt of an Officer’s Certificate a certificate of the Servicer a Servicing Officer in the form attached hereto as Exhibit FF to the Transfer and Servicing Agreement, the Indenture Trustee is required under the Transfer and the Issuer shall Servicing Agreement to assign to the Trust Depositor Depositor, and the Trust Depositor shall assign to the Seller Originator, all of the Trustee’s and the Issuer’s 's (or Trust Depositor’s's, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralLoan Pool.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Trustee for deposit in the Collection Principal and Interest Account of the amounts described in Section 11.01 6.01 (or upon the Substitute Loan Cutoff Cut-Off Date related to a Substitute Loan described in Section 11.016.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit FF to the Sale and Servicing Agreement, the Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller Originator all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the Collateral.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Trustee for deposit in the Collection Account of the amounts described in Section 11.01 6.01 (or upon the Substitute Loan Cutoff Date related to a Substitute Loan described in Section 11.016.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit FF to the Sale and Servicing Agreement, the Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the 2013-1 Loans or Substitute Loans being repurchased or substituted for the related Loan Assets without recourse, representation or warranty. Such reassigned 2013-1 Loan or Substitute Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the Collateral.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.01), and upon receipt of an Officer’s 's Certificate of the Servicer in the form attached hereto as Exhibit F, the Indenture Trustee and the Issuer shall assign to the Trust Depositor Depositor, and the Trust Depositor shall assign to the Seller Originator, all of the Trustee’s Issuer's and the Issuer’s Indenture Trustee's (or Trust Depositor’s's, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralLoan Pool.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Principal and Interest Account of the amounts described in Section 11.01 6.01, (or upon the Substitute Loan Cutoff Cut-Off Date related to a Substitute Loan described in Section 11.016.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit FF to the Sale and Servicing Agreement, the Indenture Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller Originator all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralIssuer.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Indenture Trustee for deposit in the Collection Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Subsequent Transfer Date related to a Substitute Loan described in Section 11.0111.0l), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit FE, the Indenture Trustee and the Issuer shall assign to the Trust Depositor Depositor, and the Trust Depositor shall assign to the Seller Originator, all of the TrusteeIssuer’s and the IssuerIndenture Trustee’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the Loan and related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the CollateralLoan Pool.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Trustee for deposit in the Collection Principal and Interest Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Cut-Off Date related to a Substitute Loan described in Section 11.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit F, the Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller Originator all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the Collateral.

Reassignment of Repurchased or Substituted Loans. Upon receipt by the Trustee for deposit in the Collection Account of the amounts described in Section 11.01 (or upon the Substitute Loan Cutoff Date related to a Substitute Loan described in Section 11.01), and upon receipt of an Officer’s Certificate of the Servicer in the form attached hereto as Exhibit F, the Trustee and the Issuer shall assign to the Trust Depositor and the Trust Depositor shall assign to the Seller all of the Trustee’s and the Issuer’s (or Trust Depositor’s, as applicable) right, title and interest in the Loans being repurchased or substituted for the related Loan Assets without recourse, representation or warranty. Such reassigned Loan shall no longer thereafter be included in any calculations of Outstanding Loan Balances required to be made hereunder or otherwise be deemed a part of the Collateral.. 82 BUSINESS.29147459.4