Common use of Receivables File Clause in Contracts

Receivables File. Seller, in conjunction with the payment of the Purchase Price, shall forward, by overnight courier for next business-day delivery, to Buyer the following with respect to each Receivable: (i) The original Contract. (ii) Obligor credit files including the original application, credit investigation and such other credit information contained therein, or copies of same if the original of such document is not available. (iii) The title file, which shall include the Certificate of Title (to the extent the state of origin has such Certificate of Title or notice of recorded lien on Seller’s name) except with respect to the Contracts listed on Exhibit H, for the Financed Vehicle. (iv) The Servicing File, including Obligor payment and collection records. (v) Obligor insurance files, including without limitation property insurance insuring the Financed Vehicle, gap insurance, warranties, and such other insurance information contained therein, or copies of same if the original of such document is not available. (vi) The ▇▇▇▇ of Sale with respect to the Financed Vehicle. (vii) Any other documents related to the Financed Vehicle or the Obligor that Buyer may reasonably require. (viii) REMEDY FOR FAILURE TO DELIVER RECEIVABLES FILE. In the event Seller fails to deliver, with respect to any particular Receivable, the Receivables File to the reasonable satisfaction of Buyer and in accordance with Section 10.2(d), Seller may at its sole option require Seller to immediately repurchase such Receivable. If Buyer requires Seller to immediately repurchase such Receivable, Seller shall repurchase such Receivable and the Related Security by paying to Buyer the Repurchase Price in good funds within two (2) Business Days following Buyer’s notice hereunder. In the event Seller is required to repurchase the Contract hereunder, Buyer shall deliver to Seller, upon payment by the Seller of the Repurchase Price, the related Contract File and shall assign to Seller all of Buyer’s right, title, and interest in and to the related Conveyed Property, free and clear of any and all claims, liens, and encumbrances, except for those which existed at the time of Buyer’s purchase thereof from Seller.

Receivables File. Seller, in conjunction with the payment of the Purchase Price, shall forward, by overnight courier for next business-day delivery, or in person, to Buyer the following with respect to each Receivable: (i) The original Contract. If the original contract is unavailable, Seller must provide the electronic version stamped on each page of the contract "True and Correct Copy of the Original" and signed by an officer verifying such with a notary. (ii) Obligor credit files including the original application, credit investigation and such other credit information contained therein, or copies of same if the original of such document is not available. (iii) The title file, which shall include the Certificate of Title (to the extent the state of origin has such Certificate of Title or notice of recorded lien on Seller’s 's name) except with respect to the Contracts listed on Exhibit H, for the Financed Vehicle. (iv) The Servicing File, including Obligor payment and collection records. (v) Obligor insurance files, including without limitation property insurance insuring the Financed Vehicle, gap insurance, warranties, and such other insurance information contained therein, or copies of same if the original of such document is not available. (vi) The ▇▇▇▇ of Sale with respect to the Financed Vehicle. (vii) Any other documents related to the Financed Vehicle or the Obligor that Buyer may reasonably require. (viii) REMEDY FOR FAILURE TO DELIVER RECEIVABLES FILE. In the event Seller fails to deliver, with respect to any particular Receivable, the Receivables File to the reasonable satisfaction of Buyer and in accordance with Section 10.2(d), Seller Buyer may at its sole option require Seller to immediately repurchase such Receivable. If Buyer requires Seller to immediately repurchase such Receivable, Seller shall repurchase such Receivable and the Related Security by paying to Buyer the Repurchase Price in good funds within two five (25) Business Days following Buyer’s 's notice hereunder. In the event Seller is required to repurchase the Contract hereunder, Buyer shall deliver to Seller, upon payment by the Seller of the Repurchase Price, the related Contract File and shall assign to Seller all of Buyer’s 's right, title, and interest in and to the related Conveyed Property, free and clear of any and all claims, liens, and encumbrances, except for those which existed at the time of Buyer’s 's purchase thereof from Seller.