Examples of RPA Assignment in a sentence
In consideration for the purchase of the Receivables and related assets pursuant to Section 2.01 hereof, WOAR shall pay to World Omni on the Closing Date an amount equal to the aggregate Starting Principal Balances for such Receivables (with respect to such Receivables, the “Purchase Price”) and World Omni shall execute and deliver to WOAR the RPA Assignment with respect to such Receivables and related assets.
It is the intention of World Omni and WOAR that the assignment and transfer contemplated herein and by the RPA Assignment shall constitute (and shall be construed and treated for all purposes, other than for tax purposes, as) a true and complete sale of the Receivables identified in the RPA Assignment and other property specified in Section 2.01 hereof, conveying good title thereto free and clear of any liens and encumbrances, from World Omni to WOAR.
This RPA Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Receivables Purchase Agreement.
On or prior to the Purchase Date, World Omni will execute and deliver the RPA Assignment.
The respective agreements, representations, warranties and other statements by World Omni and WOAR set forth in or made pursuant to this Agreement or the RPA Assignment shall remain in full force and effect and will survive the sales and assignments referred to in Section 6.04.