Common use of Trustee's Assignment of Purchased Receivables Clause in Contracts

Trustee's Assignment of Purchased Receivables. With respect to all Receivables repurchased by the Depositor pursuant to Section 12.2 or purchased by the Servicer pursuant to Section 13.7 or 20.2, the Trustee shall by a Trustee's Certificate assign, without recourse, representation or warranty, to the Depositor or the Servicer (as the case may be) all the Trustee's right, title and interest in and to such Receivables, and all security interests and documents relating thereto.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-1), Pooling and Servicing Agreement (Nationscredit Securitization Corp)

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Trustee's Assignment of Purchased Receivables. With respect to all Receivables repurchased by the Depositor pursuant to Section 12.2 or purchased by the Servicer pursuant to Section 13.7 Sections 13.7, 20.2 or 20.220A, the Trustee shall by a Trustee's Certificate assign, without recourse, representation or warranty, to the Depositor or the Servicer (as the case may be) all the Trustee's right, title and interest in and to such Receivables, and all security interests and documents relating thereto.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2), Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2)

Trustee's Assignment of Purchased Receivables. With respect to all Receivables repurchased by the Depositor pursuant to Section 12.2 or purchased by the Servicer pursuant to Section 13.7 9.7 or 20.2, the Trustee shall by a Trustee's Certificate assign, without recourse, representation or warranty, to the Depositor or the Servicer (as the case may be) all the Trustee's right, title and interest in and to such Receivables, and all security interests and documents relating thereto.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cit Group Inc)

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Trustee's Assignment of Purchased Receivables. With respect to all Receivables repurchased by the Depositor Seller pursuant to Section 12.2 or purchased by the Servicer pursuant to Section 13.7 or 20.221.2, the Trustee shall by a Trustee's Certificate (in the form of Exhibit D-1 or D-2, as applicable) assign, without recourse, representation representation, or warranty, to the Depositor Seller or the Servicer (as the case may be) all the Trustee's right, title title, and interest in and to such Receivables, and all security interests and documents relating thereto.

Appears in 1 contract

Samples: Standard Terms and Conditions Agreement (Ford Credit Auto Receivables Corp)

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