The Trust. World Omni acknowledges and agrees that (a) WOAR will, pursuant to the Sale and Servicing Agreement, sell the Receivables to the Trust and assign its rights under this Agreement to the Trust and (b) the Trust will, pursuant to the Indenture, grant the Receivables and its rights under this Agreement and the Sale and Servicing Agreement to the Indenture Trustee on behalf of the Noteholders. World Omni hereby consents to all such sales and assignments and agrees that the Trust or, if pursuant to the Indenture, the Indenture Trustee, may exercise the rights of WOAR and enforce the obligations of World Omni hereunder directly and without the consent of WOAR.
Appears in 105 contracts
Samples: Receivables Purchase Agreement (World Omni Auto Receivables Trust 2024-C), Receivables Purchase Agreement (World Omni Auto Receivables Trust 2024-C), Receivables Purchase Agreement (World Omni Select Auto Trust 2024-A)
