New Debtor. In the event that the Depositor shall change the jurisdiction in which it is formed or otherwise enter into any transaction which would result in a “new debtor” (as defined in the UCC) succeeding to the obligations of the Depositor hereunder, the Depositor shall comply fully with the obligations of Section 4.2(a).
Appears in 46 contracts
Sources: Receivables Transfer Agreement (Carvana Receivables Depositor LLC), Receivables Transfer Agreement (Carvana Receivables Depositor LLC), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2024-P2)