Common use of Sale of Asset Interest Clause in Contracts

Sale of Asset Interest. In consideration of the payment by the Agent (on behalf of the Conduit Investors or the related Alternate Investors as determined pursuant to Section 2.3) of the amount of the initial Net Investment on the Closing Date and the Agent’s agreement (on behalf of the Conduit Investors or the related Alternate Investors as determined below) to make payments to the SPV from time to time in accordance with Section 2.2, effective upon the SPV’s receipt of payment for such initial Net Investment on the Closing Date, the SPV hereby sells, conveys, transfers and assigns to the Agent, on behalf of the Investors, as their interests may from time to time appear, (i) all Receivables existing on the Closing Date or thereafter arising or acquired by the SPV from time to time prior to the Final Payout Date, and (ii) all other Affected Assets, whether existing on the Closing Date or thereafter arising at any time.

Sale of Asset Interest. In consideration of the payment by the each Managing Agent (on behalf of the Conduit applicable Investors or in the related Alternate Investors Investor Group as determined pursuant to Section 2.3) of the amount of the applicable Investor Group Percentage of the initial Net Investment on the Closing Date and the each Managing Agent’s agreement (on behalf of the Conduit Investors or the related Alternate applicable Investors as determined below) to make payments to the SPV from time to time in accordance with Section 2.2, effective upon the SPV’s (or its designee’s) receipt of payment for such initial Net Investment on the Closing Date, the SPV hereby sells, conveys, transfers and assigns to the Agent, on behalf of the Investors, as their interests may from time to time appear, (i) all Receivables existing on the Closing Date date of the initial Investment hereunder or thereafter arising or acquired by the SPV from time to time prior to the Final Payout DateDate under the First Tier Agreement, and (ii) all other Affected Assets, whether existing on the Closing Date or thereafter arising at any timetime and acquired by the SPV under the First Tier Agreement.

Sale of Asset Interest. In consideration of the payment by the Agent (on behalf of either the Conduit Investors Investor or the related Alternate Investors as determined pursuant to Section 2.3) of the amount of the initial Net Investment on the Closing Date and the Agent’s 's agreement (on behalf of either the Conduit Investors Investor or the related Alternate Investors as determined below) to make payments to the SPV from time to time in accordance with Section 2.2, effective upon the SPV’s 's receipt of payment for such initial Net Investment on the Closing Date, the SPV hereby sells, conveys, transfers and assigns to the Agent, on behalf of the Conduit Investor or the Alternate Investors, as their interests may from time to time appearapplicable, (i) all Existing Receivables existing on the Closing Date or thereafter and all Receivables arising or acquired by the SPV from time to time after the Closing Date and prior to the Final Payout DateDate but excluding Excluded Receivables, and (ii) all other Affected Assets, whether existing on the Closing Date or thereafter arising at any time.