Receivables Contribution Agreement definition
Examples of Receivables Contribution Agreement in a sentence
The representations and warranties set forth in Section 3.3 and 3.4 of the Receivables Purchase Agreement speak as of the execution and delivery of this Agreement, except to the extent otherwise provided, but shall survive the sale, transfer, assignment and conveyance of the Receivables to the Trust pursuant to this Agreement and then to the Grantor Trust pursuant to the Receivables Contribution Agreement, and the pledge of the Receivables to the Indenture Trustee pursuant to the Indenture.
The representations and warranties speak as of the execution and delivery of this Agreement and shall survive the sale, transfer, assignment and conveyance of the Trust Property to the Trust pursuant to this Agreement, the sale, transfer, assignment and conveyance of the Trust Property to the Grantor Trust pursuant to the Receivables Contribution Agreement and the pledge of the Trust Property to the Indenture Trustee pursuant to the Indenture.
No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer, assignment and conveyance of such Receivable under this Receivables Purchase Agreement, the Sale and Servicing Agreement or the Receivables Contribution Agreement, or the pledge of such Receivable under the Indenture is unlawful, void or voidable or under which such Receivable would be rendered void or voidable as a result of any such sale, transfer, assignment, conveyance or pledge.
The Depositor and the Servicer shall deposit or cause to be deposited in the Collection Account the aggregate Purchase Amount with respect to Purchased Receivables pursuant to Sections 2.4, 3.7 or 9.1, and on the Distribution Date specified in Section 4.1 of the Receivables Contribution Agreement, the Servicer shall deposit into the Collection Account all amounts, if any, to be paid by the Servicer under Section 4.1 of the Receivables Contribution Agreement.
Each party agrees that this Receivables Contribution Agreement and any other documents to be delivered in connection herewith may be electronically signed, and that any electronic signatures appearing on this Receivables Contribution Agreement or such other documents shall have the same effect as manual signatures for the purposes of validity, enforceability and admissibility.
Capitalized terms used and not otherwise defined herein shall have the meaning assigned to them in the Receivables Contribution Agreement.
On the Closing Date, the Grantor Trust Seller will sell the Receivables and other related property to the Grantor Trust in exchange for the Grantor Trust Certificates pursuant to Section 2.1(a) of the Receivables Contribution Agreement.
This Receivables Contribution Agreement may be executed in two or more counterparts (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument.
The Depositor has not created, incurred or suffered to exist any Lien, encumbrance or security interest on any Receivable except for the Lien of the Receivables Purchase Agreement, this Agreement, the Receivables Contribution Agreement and the Indenture.
This Bill of Sale and Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Receivables Contribution Agreement and is to be governed by the Receivables Contribution Agreement.