Conveyance of Initial Purchased Property Sample Clauses

Conveyance of Initial Purchased Property. Effective as of the Closing Date and simultaneously with the transactions pursuant to the Indenture, the Sale and Servicing Agreement and the Trust Agreement, the Seller hereby sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in and to the following (collectively, the "Initial Purchased Property"): (i) the Initial Receivables; (ii) with respect to Initial Receivables which are Actuarial Receivables, monies due thereunder on or after the Initial Cutoff Date (including Payaheads) and, with respect to Initial Receivables which are Simple Interest Receivables, monies due or received thereunder on or after the Initial Cutoff Date (including in each case any monies received prior to the Initial Cutoff Date that are due on or after the Initial Cutoff Date and were not used to reduce the principal balance of the Initial Receivable); (iii) the security interests in the Financed Vehicles granted by Obligors pursuant to the Initial Receivables and any other interest of the Seller in the Financed Vehicles; (iv) rights to receive proceeds with respect to the Initial Receivables from claims on any physical damage, credit life, credit disability, or other insurance policies covering Financed Vehicles or Obligors; (v) Dealer Recourse with respect to Initial Receivables; (vi) all of the Seller's rights to the Receivable Files with respect to the Initial Receivables; (vii) payments and proceeds with respect to the Initial Receivables held by the Seller; (viii) all property (including the right to receive Liquidation Proceeds) securing an Initial Receivable (other than an Initial Receivable repurchased by the Seller); (ix) rebates of premiums and other amounts relating to insurance policies and other items financed under the Initial Receivables in effect as of the Initial Cutoff Date; and (x) all present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds of the conversion thereof, voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, condemnation awards, rights to payment of any and every kind and other forms o...