Sale and Assignment Agreement definition

Sale and Assignment Agreement means the Amended and Restated Sale and Assignment Agreement, dated as of June 1, 2001, between Ford and Ford Credit pursuant to which (a) Ford sells and assigns to Ford Credit the right to receive amounts payable by a Dealer to Ford from time to time in respect of such Dealer's purchase of New Vehicles manufactured or distributed by Ford pursuant to the related Sales and Service Agreement, (b) Ford agrees to pay Ford Credit the related Adjustment Fees in respect of such sale and assignment and (c) Ford assigns to Ford Credit the first priority perfected security interest granted to Ford by such Dealer in such New Vehicles, as the same may be amended, supplemented or otherwise modified from time to time.

Sale and Assignment Agreement means the Sale and Assignment Agreement dated as of March 31, 2003 entered into by Sierra 2002 and the Depositor and pursuant to which Sierra 2002 sells and assigns to the Depositor all of Sierra 2002’s right, title and interest in the Pledged Loans and the Pledged Assets related thereto.

Sale and Assignment Agreement means the Sale and Assignment Agreement, dated as of , 20___, between Ford and Ford Credit pursuant to which (a) Ford sells and assigns to Ford Credit the right to receive amounts payable by a Dealer to Ford from time to time in respect of such Dealer’s purchase of New Vehicles manufactured or distributed by Ford pursuant to the related Sales and Service Agreement, (b) Ford agrees to pay Ford Credit the related Adjustment Fees in respect of such sale and assignment and (c) Ford assigns to Ford Credit the first priority perfected security interest granted to Ford by such Dealer in such New Vehicles, as the same may be amended, supplemented or otherwise modified from time to time.

Examples of Sale and Assignment Agreement in a sentence

• The Servicer agrees that the Assignment and Assumption Agreement, the Mortgage Loan Sale and Assignment Agreement and the Trust Agreement will each be a valid assignment and assumption agreement or other assignment document required pursuant to Sections 2.02 and 12.10 of the SWSA and will constitute a valid assignment and assumption of the rights and obligations of LBB under the SWSA to the Seller, by the Seller to SASCO, and by SASCO to the Trust Fund, as applicable.

• Ford is duly qualified to transact business and is in good standing in each jurisdiction in the United States of America in which the conduct of its business or the ownership of its property requires such qualification, unless the failure to obtain such qualification would not reasonably be expected to have a material adverse effect on the ability of Ford to perform its obligations under the Sale and Assignment Agreement.

• Ford has duly executed and delivered the Sale and Assignment Agreement under the Delaware General Corporation Law.

• The Servicer hereby acknowledges that the rights and obligations of LBB under the SWSA will be assigned to the Seller on the Closing Date pursuant to the Assignment and Assumption Agreement; that such rights and obligations, as amended by this Agreement will, in turn, be re-assigned by the Seller to SASCO under the Mortgage Loan Sale and Assignment Agreement; and that such rights and obligations will simultaneously be re-assigned by SASCO to the Trust Fund under the Trust Agreement.

• Seller has the corporate power and authority to execute, deliver, and perform this Agreement, the Xxxx of Sale and Assignment Agreement, the Deeds, and all other agreements, documents, certificates, and other papers contemplated to be delivered by Seller pursuant to this Agreement.

More Definitions of Sale and Assignment Agreement

Sale and Assignment Agreement means the Sale and Assignment Agreement, dated as of the date hereof, between the Issuer, the Seller, the Indenture Trustee and the Trust Agent.

Sale and Assignment Agreement means the Sale and Assignment Agreement dated as of June 26, 2008 entered into by Sierra 2002 and the Depositor and pursuant to which Sierra 2002 sells and assigns to the Depositor all of Sierra 2002’s right, title and interest in certain Pledged Loans and the Pledged Assets related thereto.

Sale and Assignment Agreement means the STCRF Sale and Assignment Agreement or the STCRF II Sale and Assignment Agreement.

Sale and Assignment Agreement means the Sale and Assignment Agreement dated as of August 11, 2005 entered into by Cendant 2002 and the Depositor and pursuant to which Cendant 2002 sells and assigns to the Depositor all of Cendant 2002’s right, title and interest in certain Pledged Loans and the Pledged Assets related thereto.

Sale and Assignment Agreement means, in respect of a Claim Pool, a sale and assignment agreement between LBNL and an End Purchaser in respect of the Eligible Admitted Claims allocated to such Claim Pool and sold, conveyed, transferred and assigned to LBNL pursuant to the Contractual Documents;

Sale and Assignment Agreement means the STCRF Sale and Assignment Agreement or the STCRF II Sale and Assignment Agreement. “Scheduled Payment” shall mean the scheduled monthly payment of principal and interest on a Pledged Loan.

Sale and Assignment Agreement means an agreement for the sale and assignment of the Account Loans, the Overdraft Lines of Credit and the Other Loans, substantially in the form of Exhibit E to this Agreement.