Common use of Reassignment of Repurchased Receivables Clause in Contracts

Reassignment of Repurchased Receivables. Upon deposit in the Collection Account of the Repurchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, HARC and the related Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of HARC’s and the related Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to HARC and the related Issuer directly relating thereto, 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 HARC or the related Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Repurchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller 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, HARC and the related Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in HARC’s or in the related Issuer’s name.

Reassignment of Repurchased Receivables. Upon deposit in the Collection Account of the Repurchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, HARC and the related Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of HARC’s 's and the related Issuer’s 's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to HARC and the related Issuer directly relating thereto, 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 HARC or the related Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Repurchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller 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, HARC and the related Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in HARC’s 's or in the related Issuer’s 's name.

Reassignment of Repurchased Receivables. Upon deposit in the Collection Account of the Repurchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, HARC and the related Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of HARC’s and the related Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to HARC and the related Issuer directly relating thereto, 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 HARC or the related Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Repurchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller 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, HARC and the related Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in HARC’s or in the related Issuer’s name.

Reassignment of Repurchased Receivables. Upon deposit in the Master Collection Account of the Repurchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, HARC and the related Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of HARC’s 's and the related Issuer’s 's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to HARC and the related Issuer directly relating thereto, 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 HARC or the related Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Repurchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller 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, HARC and the related Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in HARC’s 's or in the related Issuer’s 's name.

Reassignment of Repurchased Receivables. Upon deposit in the Master Collection Account of the Repurchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, HARC and the related Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of HARC’s 's and the related Issuer’s 's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to HARC and the related Issuer directly relating thereto, 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 HARC or the related Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Repurchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller 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, HARC and the related Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in HARC’s 's or in the related Issuer’s 's name.

Reassignment of Repurchased Receivables. Upon deposit in the Collection Account of the Repurchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, HARC and the related Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of HARC’s 's and the related Issuer’s 's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to HARC and the related Issuer directly relating thereto, 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 HARC or the related Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Repurchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller 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, HARC and the related Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in HARC’s 's or in the related Issuer’s 's name.