Common use of Conveyance of Initial Receivables Clause in Contracts

Conveyance of Initial Receivables. In consideration of the Issuer’s delivery to or upon the order of the Seller of the Notes and the Certificates, on the Closing Date the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse (subject to the obligations of the Seller set forth herein), pursuant to an assignment in the form attached hereto as Exhibit C (the “Initial SSA Assignment”) all right, title and interest of the Seller whether now or hereafter acquired, and wherever located, in and to the following:

Appears in 3 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2005-A)

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Conveyance of Initial Receivables. In consideration of the Issuer’s 's delivery to or upon the order of the Seller of the Notes and the Certificates, on the Closing Date the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse (subject to the obligations of the Seller set forth herein), pursuant to an assignment in the form attached hereto as Exhibit C (the "Initial SSA Assignment") all right, title and interest of the Seller whether now or hereafter acquired, and wherever located, in and to the following:

Appears in 1 contract

Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC)

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