Examples of Receivables Contribution Agreement in a sentence
Such representations and warranties shall survive the conveyance of the Purchased Assets to the Purchaser pursuant to this Agreement, the sale of the Purchased Assets to the Issuer under the Sale and Servicing Agreement, the conveyance of the Purchased Assets to the Grantor Trust under the Receivables Contribution Agreement, and the Grant of the Purchased Assets by the Grantor Trust to the Indenture Trustee pursuant to the Indenture.
Such representations and warranties will survive the conveyance of the Purchased Assets to the Purchaser pursuant to this Agreement, the sale of the Purchased Assets to the Issuer under the Sale and Servicing Agreement, the conveyance of the Purchased Assets to the Grantor Trust under the Receivables Contribution Agreement, and the Grant of the Purchased Assets and other collateral by the Grantor Trust to the Indenture Trustee pursuant to the Indenture.
The Issuer shall wind up and dissolve upon the latest of (i) satisfaction and discharge of the Indenture, (ii) the Optional Purchase of the Grantor Trust Estate pursuant to Section 4.1 of the Receivables Contribution Agreement or (iii) the final distribution from the Collection Account established pursuant to Section 4.1(a)(i) of the Sale and Servicing Agreement.
The Grantor Trust shall wind up and dissolve upon the latest of (1) satisfaction and discharge of the Indenture, (2) the Optional Purchase of the Grantor Trust Estate pursuant to the Receivables Contribution Agreement or (3) the final distribution from the Collection Account established pursuant to Section 4.1(a)(i) of the Sale and Servicing Agreement.
The Servicer shall be permitted to pay the Optional Purchase Price pursuant to Section 4.1 of the Receivables Contribution Agreement net of amounts to be distributed to the Servicer or its Affiliates on the related Redemption Date (including, if applicable, any amounts to be distributed from the Reserve Account), and accounts between the Servicer and such Affiliates shall be adjusted accordingly.
The Receivables Contribution Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Conveyed Assets in favor of the Grantor Trust, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Issuer.