Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by the Originator under Section 5.1, the Issuer and the Indenture Trustee will take such steps as may be reasonably requested by the Originator in order to assign to the Originator all of the Issuer's right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of the Issuer. Such assignment will be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that the Originator may not enforce any such Receivable on the ground that it will not be a real party in interest or a holder entitled to enforce the Receivable, the Issuer and the Indenture Trustee will, at the expense of the Originator, take such steps as the Originator deems reasonably necessary to enforce the Receivable, including bringing suit in the Issuer's name.
Reassignment of Purchased Receivables. Upon deposit into the account or accounts designated by the Purchaser of the price paid to the Purchaser for any Receivable purchased by Maxtor under Section 6.1 or upon the Contribution of replacement Receivables pursuant to Section 6.1, the Purchaser shall (and shall request the Agent to) take such steps as may be reasonably requested by Maxtor in order to assign to Maxtor all of the Purchaser's right, title and interest in and to the Receivables being repurchased or replaced and all security and documents and all Other Conveyed Property Conveyed to the Purchaser directly related thereto, without recourse, representation or warranty of any kind, except as to the absence of liens, charges or encumbrances created by or arising solely as a result of actions of the Purchaser or the Agent. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Receivable, in any enforcement suit or legal proceeding, it is held that Maxtor may not enforce any such Receivable on the ground that it shall not be a party in interest or a holder entitled to enforce such Receivable, the Purchaser shall, at the expense of Maxtor, take such steps as Maxtor, deems reasonably necessary to enforce such Receivable, including bringing suit in the Purchaser's name.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for
Reassignment of Purchased Receivables. With respect to all Receivables repurchased by the Seller pursuant to this Agreement, the Purchaser shall assign, without recourse, representation or warranty, to the Seller all the Purchaser's right, title and interest in and to such Receivables, and all security and documents relating thereto.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the price paid to the Purchaser for any Receivable purchased by LEAF under Section 6.1, the Purchaser shall (and shall request the Collateral Agent to) take such steps as may be reasonably requested by LEAF in order to assign to LEAF all of the Purchaser’s and the Collateral Agent’s right, title and interest in and to such Receivable and all security and documents and all Related Security and Other Conveyed Property Conveyed to the Purchaser and the Collateral Agent directly relating thereto, without recourse, representation or warranty of any kind, except as to the absence of liens, charges or encumbrances created by or arising solely as a result of actions of the Purchaser or the Collateral Agent. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Receivable, in any enforcement suit or legal proceeding, it is held that LEAF may not enforce any such Receivable on the ground that it shall not be a party in interest or a holder entitled to enforce such Receivable, the Purchaser shall, at the expense of LEAF, take such steps as LEAF deems reasonably necessary to enforce such Receivable, including bringing suit in the Purchaser’s name.
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Originator under
Reassignment of Purchased Receivables. Upon deposit in the Collection Account of the Purchase Amount of any Receivables repurchased by Triad or deposit with the Indenture Trustee of a Replacement Receivable under SECTION 5.1, the Company, the Owner Trustee and the Indenture Trustee shall take any and all actions reasonably requested by Triad, at the expense of Triad, to assign, without recourse, representation or warranty, to Triad all of the Company's, the Indenture Trustee's and the Trust's right, title and interest in and to such Receivables, such assignment being an assignment outright and not for security; and Triad shall thereupon own such Receivables and all such Other Conveyed Property, free of any further obligation to the Company, the Trust, the Indenture Trustee or the Noteholders with respect thereto. The Company shall take any and all actions reasonably requested by Triad, at the expense of Triad, to release its security interest in each such Receivable and in the Other Conveyed Property with respect thereto. If, following the reassignment of a Purchased Receivable, or a replaced Receivable in any enforcement suit or legal proceeding, it is held that Triad may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, the Company shall, at the expense of Triad, take such steps as Triad deems reasonably necessary to enforce the Receivable, including bringing suit in the Company's name.
Reassignment of Purchased Receivables. With respect to all Receivables repurchased by Compass Auto pursuant to this Agreement, Company shall assign, without recourse, representation or warranty, to Compass Auto all of Company's right, title and interest in and to such Receivables, and all security and documents relating thereto.
Reassignment of Purchased Receivables. Upon remittance of the Purchase Amount of any Receivable repurchased by Seller to Purchaser, Purchaser shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s name. Purchase and Servicing Agreement
