Common use of Transfers by Party A Clause in Contracts

Transfers by Party A. (i) Section 7 of this Agreement shall not apply to Party A and, subject to Section 6(b)(ii) (provided that to the extent Party A makes a transfer pursuant to Section 6(b)(ii) it will provide a prior written notice to the Rating Agencies of such transfer) and Part 6(a)(ii), Party A may not transfer (whether by way of security or otherwise) any interest or obligation in or under this Agreement without first satisfying the Rating Agency Condition and without the prior written consent of Party B.

Appears in 8 contracts

Samples: Master Agreement (Santander Drive Auto Receivables Trust 2007-1), Master Agreement (CarMax Auto Owner Trust 2007-3), Master Agreement (WDS Receivables LLC)

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Transfers by Party A. (i) Section 7 of this Agreement shall not apply to Party A andA, subject who shall be required to comply with, and shall be bound by, the following: Without prejudice to Section 6(b)(ii) (provided that to the extent ), Party A makes a may transfer pursuant to Section 6(b)(ii) it will provide a all its interest and obligations in and under this Agreement upon providing no less than five Business Days' prior written notice to the Rating Agencies of such Trustee (save that where a transfer has taken place pursuant to Part 5(g) notice may be contemporaneous with transfer) and Part 6(a)(ii), Party A may not transfer to any other entity (whether by way of security or otherwisea "Transferee") any interest or obligation in or under this Agreement without first satisfying the Rating Agency Condition and without the prior written consent of Party B.provided that:

Appears in 6 contracts

Samples: And Restatement Agreement, And Restatement Agreement, Master Agreement

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