Common use of Subsequent Receivables Clause in Contracts

Subsequent Receivables. (a) Subject to and upon the terms and conditions set forth in Section 2.02(b) and in the related Subsequent Purchase Agreement, in consideration of the Purchaser’s delivery on the related Subsequent Closing Date to or upon the order of the Seller of an amount equal to the applicable Subsequent Purchase Price as set forth in the related Subsequent Purchase Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein and in the related Subsequent Purchase Agreement) all right, title and interest of the Seller in and to (collectively, the “Subsequent Receivables Property” and together with the Initial Receivables Property, the “Conveyed Property”):

Appears in 4 contracts

Samples: Purchase Agreement (Franklin Auto Trust 2004-2), Purchase Agreement (Franklin Auto Trust 2003-2), Purchase Agreement (Franklin Auto Trust 2004-1)

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Subsequent Receivables. (a) Subject to and upon the terms and conditions set forth in Section 2.02(b) and in the related Subsequent Purchase Agreement, in consideration of the Purchaser’s 's delivery on the related Subsequent Closing Date to or upon the order of the Seller of an amount equal to the applicable Subsequent Purchase Price as set forth in the related Subsequent Purchase Agreement, Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein and in the related Subsequent Purchase Agreement) all right, title and interest of the Seller in and to (collectively, the "Subsequent Receivables Property” and together with the Initial Receivables Property, the “Conveyed Property”"):

Appears in 1 contract

Samples: Subsequent Purchase Agreement (Franklin Receivables LLC)

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