New Debtor. In the event that the FAC Seller 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 FAC Seller hereunder, the FAC Seller shall comply fully with the obligations of Section 4.2(a).
Appears in 3 contracts
Sources: Fac Receivables Purchase Agreement (Carvana Auto Receivables Trust 2026-P1), Fac Receivables Purchase Agreement (Carvana Auto Receivables Trust 2026-P1), Fac Receivables Purchase Agreement (Carvana Receivables Depositor LLC)