Sale and Assignment of Contracts. (a) In consideration of the Trustee's delivery to, or upon the order of, the Seller of authenticated certificates in an aggregate amount equal to the Original Pool Balance, the Seller hereby sells, grants, transfers, conveys and assigns to the Trustee on behalf of the Trust for the benefit of the Certificateholders and the Insurer, without recourse (except as expressly provided in Section 2.3 hereof) effective upon the Closing Date, all of its right, title and interest in, to and under:
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Onyx Acceptance Grantor Trust 1997-4), Pooling and Servicing Agreement (Onyx Acceptance Financial Corp), Pooling and Servicing Agreement (Onyx Acceptance Financial Corp)
Sale and Assignment of Contracts. (a) In consideration of the Trustee's delivery to, or upon the order of, the Seller of authenticated certificates Certificates in an aggregate amount equal to the Original Pool Balance, the Seller hereby sells, grants, transfers, conveys and assigns to the Trustee on behalf of the Trust for the benefit of the Certificateholders and the Insurer, without recourse (except as expressly provided in Section 2.3 hereof) effective upon the Closing Date, all of its right, title and interest in, to and under:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Onyx Acceptance Grantor Trust 1998-1), Pooling and Servicing Agreement (Onyx Acceptance Financial Corp)
