Membership Interest. The membership interest of CAC in Funding shall arise on the Closing Date. Such membership interest may not be sold or otherwise transferred by CAC.
Appears in 31 contracts
Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)
Membership Interest. The membership interest of CAC in Funding shall arise on the Closing Date. Such membership interest may not be sold or otherwise transferred by CACCAC except as otherwise permitted in the Sale and Servicing Agreement.
Appears in 10 contracts
Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corporation)
Membership Interest. The membership interest of CAC in Funding shall arise on the Closing Initial Funding Date. Such membership interest may not be sold or otherwise transferred by CAC.
Appears in 5 contracts
Samples: Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)
Membership Interest. The membership interest of CAC in Funding shall arise on the Closing Initial Funding Date. Such membership interest may not be sold or otherwise transferred by CACCAC except as otherwise permitted in the Loan and Security Agreement.
Appears in 1 contract
Samples: Contribution Agreement (Credit Acceptance Corporation)
