Conveyance of the Receivables and the Other Conveyed Property. (a) Subject to the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, and otherwise conveys to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller in and to the following described property (collectively, the “Receivables and the Other Conveyed Property”):
Conveyance of the Receivables and the Other Conveyed Property. 3 SECTION 2.1 Conveyance of the Receivables and the Other Conveyed Property 3 ARTICLE III. REPRESENTATIONS AND WARRANTIES 4 SECTION 3.1 Representations and Warranties of Seller 4 SECTION 3.2 Representations and Warranties of Purchaser 6 ARTICLE IV. COVENANTS OF SELLER 8 SECTION 4.1 Protection of Title of Purchaser 8 SECTION 4.2 Other Liens or Interests 9 SECTION 4.3 Costs and Expenses 10 SECTION 4.4 Indemnification 10 ARTICLE V. REPURCHASES 11 SECTION 5.1 Repurchase of Receivables Upon Breach 11 SECTION 5.2 Reassignment of Purchased Receivables 12 SECTION 5.3 Waivers 13 ARTICLE VI. MISCELLANEOUS 13 SECTION 6.1 Liability of Seller 13 SECTION 6.2 Merger or Consolidation of Seller or Purchaser 13 SECTION 6.3 Limitation on Liability of Seller and Others 13 SECTION 6.4 Seller May Own Notes or the Certificate 14 SECTION 6.5 Amendment 14 SECTION 6.6 Notices 14 SECTION 6.7 Merger and Integration 15 SECTION 6.8 Severability of Provisions 15 SECTION 6.9 Intention of the Parties 15 SECTION 6.10 Governing Law 16 SECTION 6.11 Counterparts and Consent to Do Business Electronically 16
Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 Conveyance of the Receivables and the Other Conveyed Property.
Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 (a) Conveyance of the Initial Receivables and the Initial Other Conveyed Property. Subject to the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, and otherwise conveys to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller in and to the Initial Receivables and the Initial Other Conveyed Property. It is the intention of Seller and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial Receivables and the Initial Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Initial Receivables and the Initial Other Conveyed Property shall not be part of Seller's estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law.
Conveyance of the Receivables and the Other Conveyed Property. (a) Subject to the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns, and otherwise conveys to Purchaser without recourse (but without limitation of its obligations in this Agreement), and Purchaser hereby purchases, all right, title and interest of Seller in and to the Receivables and the Other Conveyed Property. It is the intention of Seller and Purchaser that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Receivables and the Other Conveyed Property from Seller to Purchaser, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Receivables and the Other Conveyed Property shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any bankruptcy or similar law.
Conveyance of the Receivables and the Other Conveyed Property. (a) Subject to the terms and conditions of this Agreement, the Originator hereby sells, transfers, assigns and otherwise conveys to the Depositor without recourse (but without limitation of its obligations in this Agreement), and the Depositor hereby purchases, all right, title and interest of the Originator in and to the Receivables and the Other Conveyed Property, including all moneys received after the Cutoff Date. It is the intention of the Originator and the Depositor that the sale and assignment contemplated by this Agreement constitutes a sale and contribution of the Receivables and the Other Conveyed Property from the Originator to the Depositor, conveying good title thereto free and clear of any liens, and the beneficial interest in and title to the Receivables and the Other Conveyed Property will not be part of the Originator’s estate in the event of the filing of a bankruptcy petition by or against the Originator under any bankruptcy or similar law.
Conveyance of the Receivables and the Other Conveyed Property. SECTION 2.1 Conveyance of the Receivables and the Other Conveyed ---------------------------------------------------- Property. By execution of this Agreement and subject to the terms and conditions -------- of this Agreement and simultaneously with the execution and delivery of the related Supplement, the relevant Sellers shall sell and/or contribute, transfer and assign to the Purchaser (collectively, the "Conveyance") without recourse ---------- (but without limitation of its obligations in this Agreement and the other Transaction Documents), and the Purchaser shall purchase or acquire as a contribution, all right, title and interest of such Sellers in and to:
Conveyance of the Receivables and the Other Conveyed Property. 3 SECTION 2.1 Conveyance of the Receivables and the Other Conveyed Property 3 ARTICLE III. REPRESENTATIONS AND WARRANTIES 4 SECTION 3.1 Representations and Warranties of AFS 4 SECTION 3.2 [Reserved] 6 SECTION 3.3 Representations and Warranties of AMC 6 ARTICLE IV. COVENANTS OF SELLERS 8 SECTION 4.1 Liens in Force 8 SECTION 4.2 No Impairment 8 SECTION 4.3 No Amendments 8 SECTION 4.4 Restrictions on Liens 9 SECTION 4.5 Preservation of Collateral 9 SECTION 4.6 Transfers Treated as Sales 9
Conveyance of the Receivables and the Other Conveyed Property. By execution of this Agreement and subject to the terms and conditions of this Agreement and simultaneously with the execution and delivery of the related Supplement, the relevant Sellers shall sell and/or contribute, transfer and assign to the Purchaser (collectively, the "Conveyance") without recourse (but without limitation of its obligations in this Agreement and the other Transaction Documents), and the Purchaser shall purchase or acquire as a contribution, all right, title and interest of such Sellers in and to:
Conveyance of the Receivables and the Other Conveyed Property. (a) Subject to the terms and conditions of this Agreement, on and after the date of this Agreement (but not after the occurrence of the Program Termination Date under the RLSA), LEAF hereby agrees to, from time to time, (i) sell or contribute (in accordance with subsection (f) below), transfer, assign, and otherwise convey (collectively, “Sell” and any such sale, transfer, assignment, and/or other conveyance, a “Sale”) to the Purchaser, without recourse (but with personal liability to the extent specifically provided in Sections 4.3 and 6.1(a) hereof), and the Purchaser hereby agrees to purchase, all right, title and interest of LEAF in and to certain Receivables acquired by LEAF and the Related Security and Other Conveyed Property related thereto, (ii) transfer, or cause the deposit, into the Collection Account of all Collections received by LEAF on account of any Receivables, Related Security and Other Conveyed Property Conveyed hereunder on and after Cut-Off Date related to such Receivables, Related Security and Other Conveyed Property, in each case, within one Business Day of the identification thereof, (iii) transfer, or cause the deposit, into the Security Deposit Account of funds in an amount equal to any Security Deposits related to any Receivables Conveyed hereunder, in each case, concurrent with the Conveyance of such Receivables and (iv) transfer, or cause the deposit, into the Cash Reserve Account of funds in an amount equal to any Cash Reserves related to any Receivables Conveyed hereunder, in each case, concurrent with the Conveyance of such Receivables. LEAF hereby acknowledges that each Conveyance to the Purchaser hereunder is absolute and irrevocable, without reservation or retention of any interest whatsoever by LEAF.
