Common use of Sale of the First-Tier Assets Clause in Contracts

Sale of the First-Tier Assets. (a) Effective as of the 2019-B 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 2019-B Exchange Note and all of the Seller’s rights under the 2019-B Basic Documents, including all monies paid thereon and all monies due thereon after the 2019-B Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 2019-B Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 2019-B ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192018-B 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 20192018-B A Exchange Note and all of the Seller’s rights under the 20192018-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192018-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192018-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 20192018-B A ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192020-B 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 20192020-B A Exchange Note and all of the Seller’s rights under the 20192020-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192020-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192020-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 20192020-B A ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192012-B 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 20192012-B A Exchange Note and all of the Seller’s rights under the 20192012-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192012-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192012-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to (i) the net proceeds of the sale of the 20192012-B A ABS NotesNotes and (ii) the Certificates. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192021-B 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 20192021-B A Exchange Note and all of the Seller’s rights under the 20192021-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192021-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192021-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 20192021-B A ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 2019-B 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 2019-B A Exchange Note and all of the Seller’s rights under the 2019-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 2019-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 2019-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 2019-B A ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192016-B 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 20192016-B A Exchange Note and all of the Seller’s rights under the 20192016-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192016-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192016-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to (i) the net proceeds of the sale of the 20192016-B A ABS NotesNotes and (ii) the Certificates. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192018-B 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 20192018-B Exchange Note and all of the Seller’s rights under the 20192018-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20192018-B Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192018-B Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 20192018-B ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192017-B 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 20192017-B A Exchange Note and all of the Seller’s rights under the 20192017-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192017-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192017-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 20192017-B A ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192023-B 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 20192023-B A Exchange Note and all of the Seller’s rights under the 20192023-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192023-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192023-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to the net proceeds of the sale of the 20192023-B A ABS Notes. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192013-B 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 20192013-B A Exchange Note and all of the Seller’s rights under the 20192013-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192013-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192013-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to (i) the net proceeds of the sale of the 20192013-B A ABS NotesNotes and (ii) the Certificates. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192015-B 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 20192015-B Exchange Note and all of the Seller’s rights under the 20192015-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20192015-B Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192015-B Exchange Note, the “Exchange Note Purchase Price” which is equal to (i) the net proceeds of the sale of the 20192015-B ABS NotesNotes and (ii) the Certificates. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192015-B 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 20192015-B A Exchange Note and all of the Seller’s rights under the 20192015-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192015-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192015-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to (i) the net proceeds of the sale of the 20192015-B A ABS NotesNotes and (ii) the Certificates. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192013-B 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 20192013-B Exchange Note and all of the Seller’s rights under the 20192013-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20192013-B Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192013-B Exchange Note, the “Exchange Note Purchase Price” which is equal to (i) the net proceeds of the sale of the 20192013-B ABS NotesNotes and (ii) the Certificates. The First-Tier Assets will become the property and rights of the Purchaser.

Sale of the First-Tier Assets. (a) Effective as of the 20192014-B 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 20192014-B A Exchange Note and all of the Seller’s rights under the 20192014-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20192014-B A Cutoff Date (collectively, the “First-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and pays to the Seller, as payment for the 20192014-B A Exchange Note, the “Exchange Note Purchase Price” which is equal to (i) the net proceeds of the sale of the 20192014-B A ABS NotesNotes and (ii) the Certificates. The First-Tier Assets will become the property and rights of the Purchaser.