Examples of Liquidity Receivables Purchase Agreement in a sentence
No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer and assignment of such Receivable or any Receivable under this Agreement, the Liquidity Receivables Purchase Agreement, the Sale and Servicing Agreement or the Indenture is unlawful, void or voidable.
Insofar as the grant above relates to Owned Contracts and related property, it is made for administrative convenience and is not intended to derogate from the prior conveyance of the Owned Contracts and related property pursuant to the Liquidity Receivables Purchase Agreement.
Other than the security interests granted to the Issuing Entity pursuant to the Sale and Servicing Agreement and the security interests granted under documents relating to the Liquidity Receivables Purchase Agreement, which have been released, and any other security interest which has been released or terminated, CNHCR has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables.
It is the intention of CNHCA that the transfers and assignments contemplated herein and in the Liquidity Receivables Purchase Agreement constitute a sale of the Receivables from CNHCA to CNHCR and that the beneficial interest in and title to the Receivables not be part of the debtor’s estate in the event of the filing of a bankruptcy petition by or against CNHCA under any bankruptcy or similar law.
Other than the security interests granted to CNHCR pursuant to the Purchase Agreement and the Liquidity Receivables Purchase Agreement, and any other security interest which has been released or terminated, CNHCA has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables.
CNHCA has not authorized the filing of and is not aware of any financing statements against CNHCA that include a description of collateral covering the Receivables other than any financing statement (i) relating to the security interests granted to CNHCR under the Purchase Agreement and the Liquidity Receivables Purchase Agreement (ii) that has been terminated or released the Receivables from such security interest, or (iii) that has been granted pursuant to the terms of the Basic Documents.
As consideration for the repurchase of the Receivable, the Seller shall remit the Purchase Amount in the manner specified in Section 5.5; provided, however, that the obligation of the Seller to repurchase any Receivable arising solely as a result of a breach of CNHCA’s representations and warranties pursuant to Section 3.2(b) of the Liquidity Receivables Purchase Agreement and Section 3.2(b) of the Purchase Agreement is subject to the receipt by the Seller of the Purchase Amount from CNHCA.
Immediately prior to the transfers and assignments contemplated herein and in the Liquidity Receivables Purchase Agreement, CNHCA had good title to each Receivable, free and clear of all Liens and, immediately upon the transfer thereof, CNHCR shall have good title to each Receivable, free and clear of all Liens; and the transfer and assignment of the Receivables to CNHCR has been, or within the timeframe required by Section 3.2(b)(xiv) of this Agreement will be, perfected under the UCC.
It is the intention of CNHICA that the transfers and assignments contemplated herein and in the Liquidity Receivables Purchase Agreement constitute a sale of the Receivables from CNHICA to CNHCR and that the beneficial interest in and title to the Receivables not be part of the debtor’s estate in the event of the filing of a bankruptcy petition by or against CNHICA under any bankruptcy or similar law.
Other than the security interests granted to CNHCR pursuant to the Purchase Agreement and the Liquidity Receivables Purchase Agreement, and any other security interest which has been released or terminated, CNHICA has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables.