Common use of Acceptance of Initial Conveyed Collateral Clause in Contracts

Acceptance of Initial Conveyed Collateral. On the Closing Date, upon satisfaction of the conditions set forth in Section 2.2, the Issuer hereby instructs the Depositor, and the Depositor hereby instructs the Originator, and the Originator hereby agrees to deliver, on behalf of the Issuer, the Initial Conveyed Collateral to the Trustee, and such delivery to and acceptance by the Trustee shall be deemed to be delivery to and acceptance by the Issuer and by the Depositor.

Acceptance of Initial Conveyed Collateral. On the Closing Date, upon satisfaction of the conditions set forth in Section 2.2, the Issuer hereby instructs the Depositor, and the Depositor hereby instructs the OriginatorTransferor, and the Originator Transferor hereby agrees to deliver, on behalf of the Issuer, the Initial Conveyed Collateral to the TrusteeTrustee or, as required by Section 2.7, to the Custodian, and such delivery to thereto and acceptance by the Trustee or by the Custodian, as applicable, shall be deemed to be delivery to and acceptance by the Issuer and by the Depositor.