Sale of Ineligible Receivables. The Seller shall sell to the Buyer on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, provided that on the Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 6 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables LLC), Pooling and Servicing Agreement (Carco Auto Loan Master Trust), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)
Sale of Ineligible Receivables. The Seller shall sell to the Buyer Trust on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, provided that (a) on the Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible AccountAccount and (b) the Incremental Subordinated Amount is adjusted in accordance with the definition of Incremental Subordinated Amount.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)
Sale of Ineligible Receivables. The Seller shall sell to the Buyer Trust on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, provided that on the Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (CDF Funding, Inc.), Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P), Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust)
Sale of Ineligible Receivables. The Each Seller shall sell to the Buyer on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, provided that on the Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 3 contracts
Samples: Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P), Receivables Contribution and Sale Agreement (CDF Funding, Inc.), Receivables Contribution and Sale Agreement (Distribution Financial Services Floorplan Master Trust)
Sale of Ineligible Receivables. The Seller shall may, at its sole option, sell to the Buyer Purchaser on each Transfer Date all or any and all portion of the Ineligible Receivables arising originated in any Eligible Accounts Account; provided, however, that are Ineligible Receivables, provided that on the Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and (i) on the applicable Transfer Date, the such Account in which such Receivables arise is an Eligible AccountAccount and (ii) the Seller indicates in its books and records that related Ineligible Receivables were sold to the Purchaser on the related Transfer Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (GMF Floorplan Owner Revolving Trust)
Sale of Ineligible Receivables. The Seller shall sell ------------------------------ to the Buyer Purchaser on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables; provided, provided however, that on -------- ------- the Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Bombardier Receivables Master Trust I)
Sale of Ineligible Receivables. The Seller shall sell to the Buyer Trust on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, ; provided that (a) on the Initial Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.Account and (b) the "
Appears in 1 contract
Samples: Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust)
Sale of Ineligible Receivables. The Seller shall sell to the Buyer on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, provided that on the Cut-Off off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Green Tree Financial Corp)
Sale of Ineligible Receivables. The Seller shall sell to the Buyer on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Contribution and Sale Agreement Receivables, provided that on the Cut-Off Date or, in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 1 contract
Samples: Receivables Contribution and Sale Agreement (CDF Funding, Inc.)
Sale of Ineligible Receivables. The Each Seller shall sell to the ------------------------------ Buyer on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, provided that on the Cut-Off Date or, -------- in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 1 contract
Samples: Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P)
Sale of Ineligible Receivables. The Seller shall sell to ------------------------------ the Buyer Trust on each Transfer Date any and all Receivables arising in any Eligible Accounts that are Ineligible Receivables, provided that on the Cut-Off Date or, -------- in the case of Receivables arising in Additional Accounts, on the related Additional Cut-Off Date, and on the applicable Transfer Date, the Account in which such Receivables arise is an Eligible Account.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)