Common use of Reconveyance of Receivables Clause in Contracts

Reconveyance of Receivables. In the event that an Originator has paid to the Buyer the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Buyer shall automatically and without further action reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Buyer.

Reconveyance of Receivables. In the event that an the Originator has paid to the Buyer the full Outstanding Balance of any Receivable pursuant to Section 3.33.2, the Buyer shall automatically and without further action reconvey such Receivable to such the Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances liens created by the Buyer.

Reconveyance of Receivables. In the event that an Originator has paid to the Buyer Purchaser the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Buyer Purchaser shall automatically and without further action reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the BuyerPurchaser.

Reconveyance of Receivables. In the event that an any Originator has paid to the Buyer the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Buyer shall automatically and without further action reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Buyer.

Reconveyance of Receivables. In the event that an Originator has paid to the Buyer the full Outstanding Balance of any Receivable a Receivable, and the credit for such reduction has been applied pursuant to Section 3.3, the Buyer shall automatically and without further action reconvey such Receivable to such Originator, without representation representation, warranty or warrantyrecourse, but free and clear of all liens, security interests, charges, and encumbrances created by the Buyer.

Reconveyance of Receivables. In the event that an Originator has paid to the Buyer the full Outstanding Balance of any Receivable pursuant to Section 3.33.2, the Buyer shall automatically and without further action reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the Buyer.

Reconveyance of Receivables. In the event that an Originator has paid to the Buyer the full Outstanding Balance of any Receivable pursuant to Section 3.3, the Buyer shall automatically use its best efforts to repurchase such Receivable from the Borrower and without further action reconvey such Receivable to such Originator, without representation or warranty, but free and clear of all liens, security interests, charges, and encumbrances created by the BuyerBuyer or the Borrower.