Common use of Sale of CEF Assets Clause in Contracts

Sale of CEF Assets. (a) Subject to the terms and conditions hereof the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) all of the Seller’s right, title and interest of in (without duplication): (i) the Loans and all obligations of the Obligors thereunder, excluding amounts received thereunder prior to or on the Cut-off Date; (ii) all Related Security and any Collections and additional monies received under the Loans, unless related to amounts due in respect of the Loans on or prior to the Cut-off Date; (iii) all other property now or hereafter in the possession or custody of, or in transit to, the Issuer, the Servicer, any Sub-Servicer or the Seller relating to any of the foregoing; (iv) all Loan Files and Records with respect to any of the foregoing; and (v) all proceeds of the foregoing (all such assets, collectively, the “CEF Assets”). (b) On or before the Closing Date, the Seller shall (i) indicate in its records that the CEF Assets have been sold to the Purchaser pursuant to this Agreement by so identifying such CEF Assets with an appropriate notation and (ii) deliver to the Purchaser or its designee the following documents (collectively, the “Loan Files”): (i) the original fully executed copy of the Loan; (ii) a record or facsimile of the original credit application, if obtained, fully executed by the Obligor; (iii) the original certificate of title or file stamped copy of the UCC financing statement or such other documents evidencing the security interest of the Purchaser in the Equipment; and (iv) any and all other material documents relating to a Loan, an Obligor or any of the Equipment.

Sale of CEF Assets. (a) Subject to the terms and conditions hereof the each Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) all of the such Seller’s right, title and interest of in (without duplication): (i) the Loans Receivables and all obligations of the Obligors thereunder, excluding amounts received thereunder (provided, that, with respect to any Split-Payment Stream Receivable, only the base rent component is included) prior to or on the Cut-off Date; (ii) the Equipment (including any Residuals) with respect to the Receivables that are Leases; (iii) all Related Security and any Collections and additional monies received under the Loanssuch Receivables, Equipment and Related Security, unless related to amounts due in respect of the Loans Receivables on or prior to the Cut-off Date; (iiiiv) all other property now or hereafter in the possession or custody of, or in transit to, the Issuer, the Servicer, any Sub-Servicer or the each Seller relating to any of the foregoing; (ivv) all Loan Receivable Files and Records with respect to any of the foregoing; and (vvi) all proceeds of the foregoing (all such assets, collectively, the “CEF Assets”). (b) On or before the Closing Date, the each Seller shall (i) indicate in its records that the CEF Assets have been sold to the Purchaser pursuant to this Agreement by so identifying such CEF Assets with an appropriate notation and (ii) deliver to the Purchaser or its designee the following documents (collectively, the “Loan Receivable Files”): (i) the original fully executed copy of the LoanReceivable and related Contract; (ii) a record or facsimile of the original credit application, if obtained, fully executed by the Obligor; (iii) the original certificate of title or file stamped copy of the UCC financing statement or such other documents evidencing the security interest of the Purchaser in the Equipment; and (iv) any and all other material documents relating to a LoanReceivable, an Obligor or any of the Equipment.

Sale of CEF Assets. (a) Subject to the terms and conditions hereof the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) all of the Seller’s right, title and interest of in (without duplication): (i) the Loans and all obligations of the Obligors thereunder, excluding amounts received thereunder prior to or on the Cut-off Date; (ii) all Related Security and any Collections and additional monies received under the Loans, unless related to amounts due in respect of the Loans on or prior to before the Cut-off Date; (iii) all other property now or hereafter in the possession or custody of, or in transit to, the Issuer, the Servicer, any Sub-Servicer or the Seller relating to any of the foregoing; (iv) all Loan Files and Records with respect to any of the foregoing; and (v) all proceeds of the foregoing (all such assets, collectively, the “CEF Assets”). (b) On or before the Closing Date, the Seller shall (i) indicate in its records that the CEF Assets have been sold to the Purchaser pursuant to this Agreement by so 700148750 06142559 Loan Sale Agreement identifying such CEF Assets with an appropriate notation and (ii) deliver to the Purchaser or its designee the following documents (collectively, the “Loan Files”): (i) the original fully executed copy of the Loan; (ii) a record or facsimile of the original credit application, if obtained, fully executed by the Obligor; (iii) the original certificate of title or file stamped copy of the UCC financing statement or such other documents evidencing the security interest of the Purchaser in the Equipment; and (iv) any and all other material documents relating to a Loan, an Obligor or any of the Equipment.

Sale of CEF Assets. (ai) Subject to the terms and conditions hereof the each Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) all of the such Seller’s right, title and interest of in (without duplication): (i) the Loans Receivables and all obligations of the Obligors thereunder, excluding amounts received thereunder prior to or on the Cut-off Date; (ii) the Equipment (including any Residuals) with respect to the Receivables that are Leases; (iii) all Related Security and any Collections and additional monies received under the Loanssuch Receivables, Equipment and Related Security, unless related to amounts due in respect of the Loans Receivables on or prior to the Cut-off Date; (iiiiv) all other property now or hereafter in the possession or custody of, or in transit to, the Issuer, the Servicer, any Sub-Servicer or the each Seller relating to any of the foregoing; (ivv) all Loan Receivable Files and Records with respect to any of the foregoing; and (vvi) all proceeds of the foregoing (all such assets, collectively, the “CEF Assets”). (b) On or before the Closing Date, the each Seller shall (i) indicate in its records that the CEF Assets have been sold to the Purchaser pursuant to this Agreement by so identifying such CEF Assets with an appropriate notation and (ii) deliver to the Purchaser or its designee the following documents (collectively, the “Loan Receivable Files”): (i) the original fully executed copy of the LoanReceivable and related Contract; (ii) a record or facsimile of the original credit application, if obtained, fully executed by the Obligor; (iii) the original certificate of title or file stamped copy of the UCC financing statement or such other documents evidencing the security interest of the Purchaser in the Equipment; and (iv) any and all other material documents relating to a LoanReceivable, an Obligor or any of the Equipment.