Common use of Transfer of Records to Purchaser Clause in Contracts

Transfer of Records to Purchaser. Each Purchase of Receivables hereunder shall include the transfer to the Purchaser of all of the Seller's right, title and interest in and to the records relating to such Receivables and the related Other Conveyed Property and shall include an irrevocable non-exclusive license to the use of the Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Receivables purchased hereunder are either collected in full or become Defaulted Receivables.

Transfer of Records to Purchaser. (a) Each Purchase purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser of all of the Seller's right, ’s right and title to and interest in and to the records relating to such Receivables and the related Other Conveyed Property and shall include an irrevocable non-exclusive a license to the use of the Seller's ’s computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables purchased hereunder are either collected in full or become Defaulted Receivableshave been written off the books as uncollectible.

Transfer of Records to Purchaser. Each Purchase of Receivables hereunder shall include the transfer to the Purchaser of all of the relevant Seller's right, ’s right and title to and interest in and to the records relating to such Receivables and Receivables. Each Seller shall take such action requested by the related Other Conveyed Property and shall include Purchaser, from time to time hereafter, that may be necessary or appropriate to ensure that the Purchaser has an irrevocable non-exclusive license enforceable ownership interest in the records relating to the use of the Seller's computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Receivables purchased hereunder are either collected in full or become Defaulted Applicable Transferred Receivables.

Transfer of Records to Purchaser. Each Purchase and contribution of Receivables hereunder shall include the transfer to the Purchaser of all of the applicable Seller's right, ’s right and title to and interest in and to the records relating to such Receivables and and, unless prohibited by the related Other Conveyed Property and licensor thereof or any provision of applicable law, shall include an irrevocable non-exclusive license to the use of the such Seller's ’s computer software system to access and create such records. Such license shall be without royalty or payment of any kind, is coupled with an interest, and shall be irrevocable until all of the Transferred Receivables purchased hereunder are either collected in full or become Defaulted Receivables.