SECOND TIER SUBSEQUENT ASSIGNMENTWFS Financial 2005-3 Owner Trust • August 25th, 2005 • Asset-backed securities
FOR VALUE RECEIVED, WFS RECEIVABLES CORPORATION 3, a California corporation (the “Seller”), hereby sells, transfers and assigns to the WFS FINANCIAL 2005-3 OWNER TRUST, a Delaware statutory trust (the “Buyer”), without recourse, subject to and in accordance with the provisions of the Sale and Servicing Agreement dated as of July 1, 2005 (the “Sale and Servicing Agreement”) by and among the Buyer, the Seller, and WFS Financial Inc (“WFS”) all of the right, title and interest, as described in Article Two of the Sale and Servicing Agreement, of the Seller in, to and under the Subsequent Contracts listed on the Schedule of Contracts to this Second Tier Subsequent Assignment. The Seller warrants to the Buyer that the rights, titles and interests assigned hereby are not subject to any lien, claim or encumbrance. Although the parties intend, and have expressly so stated, that the conveyance of the Seller’s right, title and interest in, to and under the Subsequent Contracts pursuant to this Se
FIRST TIER SUBSEQUENT ASSIGNMENTFirst Tier Subsequent Assignment • August 25th, 2005 • WFS Financial 2005-3 Owner Trust • Asset-backed securities • California
This FIRST TIER SUBSEQUENT ASSIGNMENT (this “Agreement”), dated as of August 17, 2005, is made and entered into by and between WFS Financial Inc, a California corporation (“WFS”) and WFS Receivables Corporation 3, a California corporation (“WFSRC3”), in reliance upon the following facts:
