Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by the Originator under Section 5.1, the Issuer and the Indenture Trustee will take such steps as may be reasonably requested by the Originator in order to assign to the Originator all of the Issuer's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of the Issuer. Such assignment will be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that the Originator may not enforce any such Receivable on the ground that it will not be a real party in interest or a holder entitled to enforce the Receivable, the Issuer and the Indenture Trustee will, at the expense of the Originator, take such steps as the Originator deems reasonably necessary to enforce the Receivable, including bringing suit in the Issuer's name.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Arcadia under SECTION 5.1, ARFC III and the Collateral Agent on behalf of the Investors shall take such steps as may be reasonably requested by Arcadia in order to assign to Arcadia all of ARFC III's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to ARFC III directly relating thereto, and to release the Collateral Agent's security interest therein, without recourse, representation or warranty, except as to the absence of liens, charges or encumbrances created by or arising as a result of actions of ARFC III. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Arcadia may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, ARFC III shall, at the expense of Arcadia, take such steps as Arcadia deems reasonably necessary to enforce the Receivable, including bringing suit in ARFC III's name.
Reassignment of Purchased Receivables. With respect to all Receivables repurchased by the Seller pursuant to this Agreement, the Purchaser shall assign, without recourse, representation or warranty, to the Seller all the Purchaser's right, title and interest in and to such Receivables, and all security and documents relating thereto.
Reassignment of Purchased Receivables. Upon deposit into the account or accounts designated by the Purchaser of the price paid to the Purchaser for any Receivable purchased by Maxtor under Section 6.1 or upon the Contribution of replacement Receivables pursuant to Section 6.1, the Purchaser shall (and shall request the Agent to) take such steps as may be reasonably requested by Maxtor in order to assign to Maxtor all of the Purchaser's right, title and interest in and to the Receivables being repurchased or replaced and all security and documents and all Other Conveyed Property Conveyed to the Purchaser directly related thereto, without recourse, representation or warranty of any kind, except as to the absence of liens, charges or encumbrances created by or arising solely as a result of actions of the Purchaser or the Agent. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Receivable, in any enforcement suit or legal proceeding, it is held that Maxtor may not enforce any such Receivable on the ground that it shall not be a party in interest or a holder entitled to enforce such Receivable, the Purchaser shall, at the expense of Maxtor, take such steps as Maxtor, deems reasonably necessary to enforce such Receivable, including bringing suit in the Purchaser's name.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivables repurchased by PAC under Section 5.1, Paragon Auto, the Owner Trustee and the Indenture Trustee shall take any and all actions reasonably requested by PAC, at the expense of PAC, to assign, without recourse, representation or warranty, to PAC all of Paragon Auto's, the Indenture Trustee's and the Trust's right, title and interest in and to such Receivables, such assignment being an assignment outright and not for security; and PAC shall thereupon own such Receivables and all such Other Conveyed Property with respect to such Receivables, free of any further obligation to Paragon Auto, the Trust, the Indenture Trustee, the Note Insurer or the Noteholders with respect thereto. Paragon Auto shall take any and all actions reasonably requested by PAC, at the expense of PAC, to release its security interest in each such Receivable and in the Other Conveyed Property with respect thereto. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that PAC may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Paragon Auto shall, at the expense of PAC, take such steps as PAC deems reasonably necessary to enforce the Receivable, including bringing suit in Paragon Auto's name.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Originator under
Reassignment of Purchased Receivables. With respect to all Receivables repurchased by Compass Auto pursuant to this Agreement, Company shall assign, without recourse, representation or warranty, to Compass Auto all of Company's right, title and interest in and to such Receivables, and all security and documents relating thereto.
Reassignment of Purchased Receivables. Upon remittance of the Purchase Amount of any Receivable repurchased by Seller to Purchaser, Purchaser shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s name. Purchase and Servicing Agreement
