Common use of Sale and/or Contribution of Receivables Clause in Contracts

Sale and/or Contribution of Receivables. (a) Each Seller, does --------------------------------------- hereby sell and/or contribute, transfer, assign, set over and otherwise convey to the Purchaser (the "Assignment"), without recourse (except as expressly ---------- provided in the Purchase Agreement), all right, title and interest of such Seller in and to: (i) each and every Receivable listed on the Schedule A and B to this Supplement and all Collections thereon or in respect thereof on or after the Relevant Cutoff Date; (ii) the Related Security with respect to each Receivable; (iii) all Proceeds and the rights to receive Proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies or Collateral Insurance (if any), covering Financed Vehicles or Obligors; (iv) all rights under any service contracts on the related Financed Vehicles; (v) all rights of the Sellers against Dealers pursuant to Dealer Agreements or Dealer Assignments; (vi) all rights of the Sellers against Third Party Lenders pursuant to Third Party Loan Purchase Agreements and/or Third Party Assignments. (vii) the related Records; and (viii) all Proceeds of any or all of the foregoing. (b) The Assignment is in consideration of the Purchaser's delivery to or upon the order of Sellers as set forth below: (i) $___________ to AFS; and (ii) $___________ to AMTN.

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (Americredit Corp), Master Receivables Purchase Agreement (Americredit Corp)

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Sale and/or Contribution of Receivables. (a) Each Seller, does --------------------------------------- hereby sell and/or contribute, transfer, assign, set over and otherwise convey to the Purchaser (the "Assignment"), without recourse (except as expressly ---------- provided in the Purchase Agreement), all right, title and interest of such Seller in and to: (i) each and every Receivable listed on the Schedule A and B to this Supplement and all Collections thereon or in respect thereof on or after the Relevant Cutoff Date; (ii) the Related Security with respect to each Receivable; (iii) all Proceeds and the rights to receive Proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies or Collateral Insurance (if any), covering Financed Vehicles or Obligors; (iv) all rights under any service contracts on the related Financed Vehicles; (v) all rights of the Sellers against Dealers pursuant to Dealer Agreements or Dealer Assignments; (vi) all rights of the Sellers against Third Party Lenders pursuant to Third Party Loan Purchase Agreements and/or Third Party Assignments. (vii) the related Records; and (viii) all Proceeds of any or all of the foregoing. (b) The Assignment is in consideration of the Purchaser's ’s delivery to or upon the order of Sellers as set forth below: (i) $___________ $ to AFS; and (ii) $___________ $ to AMTNAMC.

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (Americredit Corp), Master Receivables Purchase Agreement (Americredit Corp)

Sale and/or Contribution of Receivables. (a) Each Seller, does --------------------------------------- hereby sell and/or contribute, transfer, assign, set over and otherwise convey to the Purchaser (the "AssignmentASSIGNMENT"), without recourse (except as expressly ---------- provided in the Purchase Agreement), all right, title and interest of such Seller in and to: (i) each and every Receivable listed on the Schedule A and B to this Supplement and all Collections thereon or in respect thereof on or after the Relevant Cutoff Date; (ii) the Related Security with respect to each Receivable; (iii) all Proceeds and the rights to receive Proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies or Collateral Insurance (if any), covering Financed Vehicles or Obligors; (iv) all rights under any service contracts on the related Financed Vehicles; (v) all rights of the Sellers against Dealers pursuant to Dealer Agreements or Dealer Assignments; (vi) all rights of the Sellers against Third Party Lenders pursuant to Third Party Loan Purchase Agreements and/or Third Party Assignments. (vii) the related Records; and (viiivii) all Proceeds of any or all of the foregoing. (b) The Assignment is in consideration of the Purchaser's delivery to or upon the order of Sellers as set forth below: (i) $___________ to AFS; and (ii) $___________ to AMTN.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Americredit Corp)

Sale and/or Contribution of Receivables. (a) Each SellerAFS, does hereby --------------------------------------- hereby sell and/or contribute, transfer, assign, set over and otherwise convey to the Purchaser AFC (the "Assignment"), without recourse (except as expressly ---------- provided in the Purchase Agreement), all right, title and interest of such Seller AFS in and to: (i) each and every Receivable the Receivables listed on in the Schedule A of Receivables provided by AFS and B to this Supplement attached hereto and all Collections thereon or in respect thereof moneys received thereon, on or and after the Relevant Cutoff Date; (ii) all security interests in the Related Security with respect Financed Vehicles granted by Obligors pursuant to each Receivablethe Receivables and any other interest of AFS in such Financed Vehicles; (iii) all Proceeds proceeds and the all rights to receive Proceeds proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies or Collateral Insurance (if any), covering Financed Vehicles or Obligors; (iv) all rights of AFS against Dealers pursuant to Dealer Agreements and/or Dealer Assignments; (v) all rights under any service contracts Service Contracts on the related Financed Vehicles; (v) all rights of the Sellers against Dealers pursuant to Dealer Agreements or Dealer Assignments; (vi) all rights of the Sellers against Third Party Lenders pursuant to Third Party Loan Purchase Agreements and/or Third Party Assignments.related Receivables Files; and (vii) the related Records; and (viii) all Proceeds proceeds of any or and all of the foregoing. (b) The Assignment is in consideration of the PurchaserAFC's delivery to or upon the order of Sellers as set forth below: (i) AFS of $___________ to AFS; and (ii) $___________ to AMTN.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Americredit Financial Services of Canada LTD)

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Sale and/or Contribution of Receivables. (a) Each SellerAFS, does --------------------------------------- hereby sell and/or contribute, transfer, assign, set over and otherwise convey to the Purchaser AMTN (the "AssignmentASSIGNMENT"), without recourse (except as expressly ---------- provided in the Purchase Agreement), all right, title and interest of such Seller AFS in and to: (i) each and every Receivable listed on the Schedule A and B to this Supplement attached hereto and all Collections thereon or in respect thereof on or after the Relevant Cutoff Date; (ii) the Related Security with respect to each Receivable; (iii) all Proceeds and the rights to receive Proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies or Collateral Insurance (if any), covering Financed Vehicles or Obligors; (iv) all rights under any service contracts on the related Financed Vehicles; (v) all rights of the Sellers AFS against Dealers pursuant to Dealer Agreements or Dealer Assignments; (vi) all rights of the Sellers against Third Party Lenders pursuant to Third Party Loan Purchase Agreements and/or Third Party Assignments. (vii) the related Records; and (viiivii) all Proceeds of any or all of the foregoing. (b) The Assignment is in consideration of the PurchaserAMTN's delivery to or upon the order of Sellers as set forth below: (i) AFS of $___________ to AFS; and (ii) $___________ to AMTN.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Americredit Corp)

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