Common use of Purchase and Sale of Receivables Clause in Contracts

Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Sale and Servicing Agreement and the Trust Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) (the "Seller Assets"):

Appears in 7 contracts

Samples: Purchase Agreement (Wells Fargo Auto Receivables Corp), Purchase Agreement (Amsouth Auto Corp Inc), Purchase Agreement (Bond Securitization LLC)

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Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Sale and Servicing Agreement, the Trust Agreement and the Trust Insurance Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) ), all right, title and interest of Seller in and to the following (the "Seller Assets"):

Appears in 4 contracts

Samples: Sale Agreement (UPFC Auto Receivables Trust 2006-B), Sale Agreement (UPFC Auto Receivables Trust 2007-A), Sale Agreement (UPFC Auto Receivables Trust 2006-A)

Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Purchase Agreement, the Sale and Servicing Agreement, the Trust Agreement and the Trust Insurance Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) ), the following (the "Seller Assets"):

Appears in 4 contracts

Samples: Sale Agreement (United Pan Am Financial Corp), Sale Agreement (UPFC Auto Receivables Trust 2005-A), Sale Agreement (UPFC Auto Receivables Trust 2005-B)

Purchase and Sale of Receivables. (a) Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Sale and Servicing Agreement and the Trust Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) (the "Seller Assets"):

Appears in 2 contracts

Samples: Purchase Agreement (Bas Securitization LLC), Purchase Agreement (Lehman Brothers Asset Securitization LLC)

Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Purchase Agreement, the Sale and Servicing Agreement and the Trust Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) (the "Seller Assets"):

Appears in 2 contracts

Samples: Sale Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Sale Agreement (Wells Fargo Financial Auto Owner Trust 2005-A)

Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Sale Agreement, the Purchase Agreement, the Sale and Servicing Agreement and the Trust Agreement, Seller does Originators do hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) the following (the "Seller “Originators Assets"):

Appears in 2 contracts

Samples: Transfer Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Transfer Agreement (Wells Fargo Financial Auto Owner Trust 2005-A)

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Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the IndentureSecond Tier Receivables Purchase Agreement, the Sale and Servicing Agreement and the Trust AgreementIndenture, each Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) (collectively, the "Seller Assets"):), all of Seller's right, title and interest in and to:

Appears in 2 contracts

Samples: First Tier Receivables Purchase Agreement (Compass Auto Receivables Trust 1998-A), First Tier Receivables Purchase Agreement (Asset Backed Securities Corp)

Purchase and Sale of Receivables. SECTION 2.1. Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Sale and Servicing Agreement and the Trust Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) (the "Seller Assets"):

Appears in 1 contract

Samples: Purchase Agreement (Volkswagen Public Auto Loan Securitization LLC)

Purchase and Sale of Receivables. Effective as of the Closing Date and immediately prior to the transactions pursuant to the Indenture, the Sale and Servicing Agreement Agreement, and the Trust Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to Purchaser, without recourse (subject to the obligations herein) ), all right, title and interest of Seller in and to the following (the "Seller Assets"):

Appears in 1 contract

Samples: Receivables Purchase Agreement (California Republic Funding LLC)

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