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

Sale of the Second-Tier Assets. (a) Effective as of the 2018-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 2018-B Exchange Note and all of the Seller’s rights under the 2018-B Basic Documents, including all monies paid thereon and all monies due thereon after the 2018-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 2018-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182020-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 20182020-B Exchange Note and all of the Seller’s rights under the 20182020-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20182020-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182020-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182023-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 20182023-B A Exchange Note and all of the Seller’s rights under the 20182023-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182023-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182023-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182019-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 20182019-B Exchange Note and all of the Seller’s rights under the 20182019-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20182019-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182019-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182021-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 20182021-B A Exchange Note and all of the Seller’s rights under the 20182021-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182021-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182021-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182020-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 20182020-B A Exchange Note and all of the Seller’s rights under the 20182020-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182020-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182020-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182012-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 20182012-B A Exchange Note and all of the Seller’s rights under the 20182012-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182012-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182012-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 2018-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 2018-B A Exchange Note and all of the Seller’s rights under the 2018-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 2018-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 2018-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182024-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 20182024-B A Exchange Note and all of the Seller’s rights under the 20182024-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182024-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182024-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182019-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 20182019-B A Exchange Note and all of the Seller’s rights under the 20182019-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182019-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182019-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182016-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 20182016-B A Exchange Note and all of the Seller’s rights under the 20182016-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182016-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182016-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182016-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 20182016-B Exchange Note and all of the Seller’s rights under the 20182016-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20182016-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182016-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182021-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 20182021-B Exchange Note and all of the Seller’s rights under the 20182021-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20182021-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182021-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182024-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 20182024-B Exchange Note and all of the Seller’s rights under the 20182024-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20182024-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182024-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182017-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 20182017-B A Exchange Note and all of the Seller’s rights under the 20182017-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182017-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182017-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182015-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 20182015-B Exchange Note and all of the Seller’s rights under the 20182015-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20182015-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182015-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182014-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 20182014-B A Exchange Note and all of the Seller’s rights under the 20182014-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182014-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182014-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182013-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 20182013-B A Exchange Note and all of the Seller’s rights under the 20182013-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182013-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182013-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182015-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 20182015-B A Exchange Note and all of the Seller’s rights under the 20182015-B A Basic Documents, including all monies paid thereon and all monies due thereon after the 20182015-B A Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182015-B A Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.

Sale of the Second-Tier Assets. (a) Effective as of the 20182013-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 20182013-B Exchange Note and all of the Seller’s rights under the 20182013-B Basic Documents, including all monies paid thereon and all monies due thereon after the 20182013-B Cutoff Date (collectively, the “Second-Tier Assets”). (b) The Purchaser accepts the sales, transfers, assignments and conveyances made pursuant to Section 2.01(a) and sells, transfers, assigns and otherwise conveys to the Seller, without recourse, all right, title and interest of the Purchaser, whether now owned or hereafter acquired, in, to and under the Notes and Certificate and the rights to distributions under Section 8.03 of the Indenture, as payment for the 20182013-B Exchange Note. The Second-Tier Assets will become the property and rights of the Purchaser.