Sale Without Recourse. Any sale of a Variable Rate Bond or portion thereof shall be without recourse to the seller and without representation or warranty of any kind except as may be required by law.
Sale Without Recourse. The Receivable Interest sold by the Seller hereunder shall be made without recourse except as specifically provided herein.
Sale Without Recourse. Subject only to the provisions of Section 2.02, the sale of Receivables by the Seller hereunder shall be without recourse.
Sale Without Recourse. In the event UMH is required to repurchase any Home associated with any IN/MI/PA Note, UMH shall take all reasonable actions requested by 21st for an orderly sale of the respective Home to UMH and any such sale and transfer by 21st in connection with such a repurchase shall be without recourse to, or representation or warranty from, 21st.
Sale Without Recourse. 30 4.06 Non-Assumption by the Buyer of Obligations....................30 4.07 Character of Receivables Added to Receivables Pools...........................................30
Sale Without Recourse. (a) The sale of the Participation Interest hereunder shall, except to the extent specified in Section 5.06 hereof, be made without recourse to the Seller with respect to any loss arising from Defaulted Receivables, provided, -------- that nothing contained herein shall limit the rights of the Buyer provided in Section 2.04, Article V, Section 6.04 and Articles VII and XI hereof.
(b) This Agreement also constitutes a security agreement under the UCC. The Seller hereby grants to the Buyer on the terms and conditions of this Agreement a first priority security interest in and against all of the Seller's right, title and interest in and to the Purchased Receivables and the proceeds thereof for the purposes of securing the obligations of the Seller and the rights of the Buyer under this Agreement.
Sale Without Recourse. Any sale of a Bond, or portion thereof, --------------------- pursuant to this Section shall be without recourse to the seller and without representation or warranty of any kind.
Sale Without Recourse. (a) The sale of the Participation Interests hereunder shall, except to the extent specified in Section 5.06 hereof, be made without recourse to the Seller with respect to any loss arising from Defaulted Receivables, provided, that nothing contained herein shall limit the rights of the Administrative Agent, the Managing agents and the Buyers provided in Section 2.04, Article V, Section 6.04 and Articles VII and XI hereof.
(b) This Agreement also constitutes a security agreement under the UCC. The Buyers and the Seller intend that the transactions contemplated by this Agreement shall be treated as sales and not as a financing. However, in the event that it is ever determined that such transactions constitute a financing arrangement, the Seller hereby grants to the Buyers on the date hereof and on the terms and conditions of this Agreement a first priority security interest in and against all of the Seller's right, title and interest in and to the Purchased Receivables and the proceeds thereof for the purposes of securing the obligations of the Seller and the rights of the Buyers under this Agreement.
Sale Without Recourse. EXEPTIONS - Dealer shall sell Contracts to JFC without Recourse Dealer except for Dealer's repurchase obligations set forth in this Agreement or as otherwise specified in JFC's approval of the terms and conditions of any proposed Contract. In any sale which JFC specifies must be With Recourse or With Full Recourse, a principal of Dealer may be required to sign and deliver to JFC a separate Recourse Agreement in from and content satisfactory to JFC.
Sale Without Recourse. (a) The sale of the Participation Interests hereunder shall, except to the extent specified in Section 5.06 hereof, be made without recourse to the Seller with respect to any loss arising from Defaulted Receivables, provided, that nothing contained herein shall limit the rights of the Administrative Agent, the Managing agents and the Buyers provided in Section 2.04, Article V, Section 6.04 and Articles VII and XI hereof.
(b) This Agreement also constitutes a security agreement under the UCC. The Buyers and the Seller intend that the transactions contemplated by this Agreement shall be treated as sales and not as a financing. However, in the event that it is ever determined that such transactions constitute a financing arrangement, the Seller hereby grants to the Buyers on the date hereof and on the terms and conditions of this Agreement a first priority security interest in and against all of the Seller’s right, title and interest in and to the Purchased Receivables and the proceeds thereof for the purposes of securing the obligations of the Seller and the rights of the Buyers under this Agreement. In addition, the Seller hereby grants to the Buyers on the date hereof and on the terms and conditions of this Agreement a first priority security interest in and against all of the Seller’s right, title and interest in and to the Lockbox Accounts and any funds held therein at any time for the purposes of securing the obligations of the Seller and the rights of the Buyers under this Agreement.
