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

Sale of the Second-Tier Assets. (a) Effective as of the 2013-A Closing Date and immediately after the transaction pursuant to the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 2013-A Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 20132012-A B Closing Date and immediately after the transaction pursuant to the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 20132012-A B Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 2013-A B Closing Date and immediately after the transaction pursuant to the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 2013-A B Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 20132014-A B Closing Date and immediately after the transaction pursuant to under the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter later acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 20132014-A B Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 20132015-A Closing Date and immediately after the transaction pursuant to under the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter later acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 20132015-A Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 20132012-A Closing Date and immediately after the transaction pursuant to the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer pay to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 20132012-A Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 20132014-A Closing Date and immediately after the transaction pursuant to the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 20132014-A Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 20132015-A B Closing Date and immediately after the transaction pursuant to under the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter later acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 20132015-A B Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.

Sale of the Second-Tier Assets. (a) Effective as of the 2013-A 20__-_ Closing Date and immediately after the transaction pursuant to under the First-Tier Sale Agreement, and immediately before the transactions contemplated by the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without recourse, the Second-Tier Assets. (b) In consideration for the Second-Tier Assets, the Issuer will transfer to the Depositor, without recourse, all right, title and interest of the Issuer, whether now owned or hereafter later acquired, in, to and under the Notes and the rights to distributions under Section 8.2 of the Indenture, as payment for the 2013-A 20__-_ Exchange Note. The Second-Tier Assets will become the property and rights of the Issuer.