Initial Receivables definition

Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.

Initial Receivables. As defined in Section 2(a)(i).

Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

Examples of Initial Receivables in a sentence

• The foregoing transfer and assignment does not constitute and is not intended to result in any assumption by the Grantor Trust of any obligation of the Depositor, the Seller, the Servicer, the Issuing Entity or any other Person to the Obligors, Dealers, insurers or any other Person in connection with the [Initial] Receivables, including any insurance policies or any agreement or instrument relating to any of them.

• The foregoing sale does not constitute and is not intended to result in any assumption by WOAR of any obligation of the undersigned to the obligors, insurers, dealers or any other person in connection with the [Initial] Receivables, any insurance policies or any agreement or instrument relating to any of them.

• Concurrently with the contribution of the [Initial] Receivables and related Contracts to the Grantor Trust pursuant to the [Receivables Contribution Agreement], the Grantor Trust Trustee shall cause the Grantor Trust Certificate representing the entire undivided beneficial interest in the Grantor Trust to be executed on behalf of the Grantor Trust, authenticated and delivered to or upon the written order of the Grantor, signed by an Authorized Officer without further statutory trust action by the Grantor.

• It is the intention of the Depositor and the Issuing Entity that the assignment and transfer contemplated herein constitute (and shall be construed and treated for all purposes, other than for tax purposes, as) a true and complete sale of the [Initial] Receivables and the other property of the Depositor specified in Section 2.01 hereof, conveying good title thereto free and clear of any liens and encumbrances, from the Depositor to the Issuing Entity.

More Definitions of Initial Receivables

Initial Receivables means the Receivables listed on the Schedules of ------------------- Receivables attached hereto.

Initial Receivables means the Receivables transferred by the Seller to the Issuer on the Closing Date.

Initial Receivables means the Receivables that become a part of the Collateral in connection with the Initial Loan.

Initial Receivables. Any retail instalment sale contract or direct purchase money loan for a Financed Vehicle that is included in the Schedule of Initial Receivables attached to the First Step Initial Receivables Assignment and all rights and obligations thereunder.

Initial Receivables means the Receivables listed on the Schedule of Initial Receivables attached hereto as Schedule A.

Initial Receivables means the Receivables conveyed to the Trust on the Closing Date.

Initial Receivables. The Receivables listed on the Schedule of Initial Receivables on the Closing Date.