Common use of True Sale Clause in Contracts

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 252 contracts

Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-2), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-1), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2025-1)

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True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 201 contracts

Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s 's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 18 contracts

Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2007-a-X), Sale and Servicing Agreement (Americredit Financial Services Inc)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s 's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 16 contracts

Samples: Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A), Purchase Agreement (Americredit Automobile Receivables Trust 2003-B-X), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2007-a-X)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s Depositor's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-B), Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-A), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s Originator's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 7 contracts

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2006-B), Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s 's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 5 contracts

Samples: Sale Agreement (UPFC Auto Receivables Trust 2005-B), Sale Agreement (UPFC Auto Receivables Trust 2007-A), Sale Agreement (UPFC Auto Receivables Trust 2007-B)

True Sale. The Receivables are being transferred with the intention of removing them from the SellerDepositor’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)

True Sale. The Receivables are being transferred with the intention of removing them from the SellerOriginator’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 3 contracts

Samples: Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 3 contracts

Samples: Sale Agreement (UPFC Auto Receivables Trust 2006-B), Sale Agreement (UPFC Auto Receivables Trust 2006-A), Sale Agreement (United Pan Am Financial Corp)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s Originator's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 3 contracts

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2003-B), Purchase Agreement (Triad Automobile Receivables Trust 2002 A), Purchase Agreement (Triad Auto Receivables Trust 2003-A)

True Sale. The Receivables are being transferred with the intention of removing them from the related Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

True Sale. The Receivables are being transferred with the intention of removing them from the Receivables Seller’s 's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

True Sale. The [Seller] Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 2 contracts

Samples: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)

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True Sale. The Receivables are being transferred with the intention of removing them from the SellerTransferor’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 1 contract

Samples: Purchase Agreement (United Pan Am Financial Corp)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.. Back to Contents

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Automobile Receivable Trust 2005-D-A)

True Sale. The Receivables are being transferred with the intention of removing them from the Seller’s AFS's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

True Sale. The Receivables are being transferred with the intention of removing them from the related Seller’s 's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

True Sale. The Receivables are being transferred with the intention of removing them from the such Seller’s estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

True Sale. The Receivables are being transferred with the --------- intention of removing them from the Seller’s AFS's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

True Sale. The Receivables are being transferred with the intention of --------- removing them from the Seller’s 's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc)

True Sale. The Receivables are being transferred with the intention of --------- removing them from the related Seller’s 's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)