Purchase and Sale of Receivables. (a) [Initial] Purchase. On the [Initial] Closing Date, subject to satisfaction of the conditions specified in Article V and the First Step [Initial] Receivables Assignment (and, in any event, immediately prior to consummation of the related transactions contemplated by the Further Transfer Agreements, if any), the Seller shall sell, transfer, assign and otherwise convey to Ally Auto, without recourse:
Appears in 3 contracts
Samples: Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Assets LLC)
Purchase and Sale of Receivables. (a) [Initial] Purchase. On the [Initial] Closing Date, subject to satisfaction of the conditions specified in Article V VI and the First Step [Initial] Receivables Assignment (and, in any event, immediately prior to consummation of the related transactions contemplated by the Further Transfer and Servicing Agreements, if any), the Seller shall sell, transfer, assign and otherwise convey to Ally AutoXXXX, without recourse:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Capital Auto Receivables LLC)
Purchase and Sale of Receivables. (a) [Initial] Purchase. On the [Initial] Closing Date, subject to satisfaction of the conditions specified in Article V and the First Step [Initial] Receivables Assignment (and, in any event, immediately prior to consummation of the related transactions contemplated by the Further Transfer Agreements, if any), the Seller shall sell, transfer, assign and otherwise convey to Ally Auto, without recourse:
Appears in 1 contract
Purchase and Sale of Receivables. (a) [Initial] Purchase. On the [Initial] Closing Date, subject to satisfaction of the conditions specified in Article V VI and the First Step [Initial] Receivables Assignment (and, in any event, immediately prior to consummation of the related transactions contemplated by the Further Transfer and Servicing Agreements, if any), the Seller shall sell, transfer, assign and otherwise convey to Ally Auto, without recourse:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ally Auto Assets LLC)
Purchase and Sale of Receivables. (a) [Initial] Purchase. On the [Initial] Closing Date, subject to satisfaction of the conditions specified in Article V VI and the First Step [Initial] Receivables Assignment (and, in any event, immediately prior to consummation of the related transactions contemplated by the Further Transfer and Servicing Agreements, if any), the Seller shall sell, transfer, assign and otherwise convey to Ally AutoCXXX, without recourse:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Capital Auto Receivables LLC)
