Common use of Retransfer of Sale Assets Clause in Contracts

Retransfer of Sale Assets. Upon confirmation of the deposit of the Retransfer Price of a Receivable subject to a Warranty Event into the Collection Account (the date of such delivery for such Receivable, the “Retransfer Date”) for such Receivable pursuant to Section 6.1, the Buyer shall, automatically and without further action be deemed to transfer, assign and set-over to the applicable Seller, without recourse, representation or warranty, all the right, title and interest of the Buyer in, to and under such Receivable and all future monies due or to become due with respect thereto and the Related Security (including all Proceeds of such Receivable and Recoveries relating thereto, all rights to security for any such Receivable and all Proceeds and products of the foregoing). The Buyer shall, at the sole expense of the applicable Seller, execute such documents and instruments of transfer as may be prepared by such Seller, execute such instruments of termination or release in favor of the Buyer with respect to such Receivable to be released from the Lien of this Agreement as the Buyer may reasonably request (in recordable form if necessary) and take any other such actions as shall reasonably be requested by such Seller to effect the transfer of such Receivable pursuant to this Section 6.3.

Retransfer of Sale Assets. Upon confirmation of the deposit of the Retransfer Price of a Receivable subject pursuant to a Warranty Event Section 6.2 into the Collection Account (the date of such delivery for such Receivable, the “Retransfer Date”) for such Receivable pursuant to Section 6.1), the Buyer shall, automatically and without further action be deemed to transfer, assign and set-–over to the applicable Seller, without recourse, representation or warranty, all the right, title and interest of the Buyer in, to and under such Receivable and all future monies due or to become due with respect thereto and the Related Security (including all Proceeds proceeds of such Receivable and Recoveries relating thereto, all rights to security for any such Receivable and all Proceeds and products of the foregoing). The Buyer shall, at the sole expense of the applicable Seller, execute such documents and instruments of transfer as may be prepared by the Seller to evidence such Sellerretransfer. The Seller shall, at its own expense, execute such instruments of termination or release in favor of the Buyer with respect to such Receivable to be released from the Lien of this Agreement as the Buyer may reasonably request and documents (in recordable form if necessary) and take any other actions with respect to such actions Receivable as shall the Buyer may reasonably be requested by such Seller request to effect the transfer of such Receivable pursuant to this Section 6.3Receivable.

Retransfer of Sale Assets. Upon confirmation of the deposit of the Retransfer Price of a Receivable Loan subject to a Warranty Event into the Collection Account (the date of such delivery for such ReceivableLoan, the “Retransfer Date”) for such Receivable pursuant to Section 6.1), the Buyer shall, automatically and without further action be deemed to transfer, assign and set-–over to the applicable Seller, without recourse, representation or warranty, all the right, title and interest of the Buyer in, to and under such Receivable Loan and all future monies due or to become due with respect thereto and the Related Security (including all Proceeds of such Receivable Loan and Recoveries relating thereto, all rights to security for any such Receivable Loan and all Proceeds and products of the foregoing). The Buyer shall, at the sole expense of the applicable Seller, execute such documents and instruments of transfer as may be prepared by such the Seller, execute such instruments of termination or release in favor of the Buyer with respect to such Receivable Loan to be released from the Lien of this Agreement as the Buyer may reasonably request (in recordable form if necessary) and take any other such actions as shall reasonably be requested by such the Seller to effect the transfer of such Receivable Loan pursuant to this Section 6.3.