Sale of the First-Tier Assets. (a) Effective as of the 2024-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 2024-A Exchange Note and all of the Seller’s rights under the 2024-A Basic Documents, including all monies paid thereon and all monies due thereon after the 2024-A Cutoff Date (collectively, the “First-Tier Assets”).
Sale of the First-Tier Assets. (a) Effective as of the 2015-B Closing Date and immediately before the transaction under the Second-Tier Sale Agreement and the transactions contemplated by the Trust Agreement and the Indenture, the Seller sells and assigns to the Depositor, without recourse, the First-Tier Assets.
Sale of the First-Tier Assets. (a) Effective as of the 20[__]-[_] Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20[__]-[_] Exchange Note and all of the Seller’s rights under the 20[__]-[_] Basic Documents, including all monies paid thereon and all monies due thereon after the 20[__]-[_] Cutoff Date (collectively, the “First-Tier Assets”).
