Common use of Conveyance of Initial Receivables Clause in Contracts

Conveyance of Initial Receivables. (a) In consideration of the Purchaser's delivery to or upon the order of the Seller on the Closing Date of $137,583,736, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) all right, title, and interest of the Seller in and to:

Appears in 1 contract

Samples: Receivables Purchase Agreement (First Merchants Acceptance Corp)

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Conveyance of Initial Receivables. (a) In consideration of the Purchaser's ’s delivery to or upon the order of the Seller on the Closing Date of $137,583,736247,025,622.27, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) ), all right, title, title and interest of the Seller in and to:to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

Samples: Purchase Agreement (Franklin Receivables Auto Trust 2003-1)

Conveyance of Initial Receivables. (a) In consideration of the Purchaser's ’s delivery to or upon the order of the Seller on the Closing Date of $137,583,736232,519,072.82, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) ), all right, title, title and interest of the Seller in and to:to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

Samples: Purchase Agreement (Franklin Auto Trust 2004-2)

Conveyance of Initial Receivables. (a) In consideration of the Purchaser's delivery to or upon the order of the Seller on the Closing Date of $137,583,736, 176,250,000 the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) ), all right, title, title and interest of the Seller in and to:to (collectively, the "Initial Receivables Property"):

Appears in 1 contract

Samples: Subsequent Purchase Agreement (Franklin Receivables LLC)

Conveyance of Initial Receivables. (a) In consideration of the Purchaser's ’s delivery to or upon the order of the Seller on the Closing Date of $137,583,736179,260,243.77, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) ), all right, title, title and interest of the Seller in and to:to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

Samples: Purchase Agreement (Franklin Auto Trust 2003-2)

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Conveyance of Initial Receivables. (a) In consideration of the Purchaser's ’s delivery to or upon the order of the Seller on the Closing Date of $137,583,736249,496,361.44, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein) ), all right, title, title and interest of the Seller in and to:to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

Samples: Purchase Agreement (Franklin Auto Trust 2004-1)

Conveyance of Initial Receivables. (a) In consideration of the PurchaserDepositor's delivery to or upon the order of the Seller on the Closing Date of $137,583,7361,489,992,839.91 (the "Purchase Price"), the Seller does hereby sell, transfer, assign, set over and otherwise convey to the PurchaserDepositor, without recourse (subject to the obligations of the Seller herein) all right, title, and interest of the Seller in and to:

Appears in 1 contract

Samples: Subsequent Purchase Agreement (BMW Vehicle Owner Trust 2001-A)

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