Common use of Transfer of Subsequent Receivables Clause in Contracts

Transfer of Subsequent Receivables. On each Funding Date, the Contributor shall transfer to the Depositor, without recourse except as set forth herein (i) the related Subsequent Receivables, and all moneys received thereon on or after the applicable Cutoff Date and (ii) the related Contributed Assets; provided, however, that Subsequent Receivables may not be transferred by the Contributor to the Depositor and then transferred from the Depositor to the Issuer, or a security interest granted by the Issuer to the Indenture Trustee unless each of the conditions precedent in Section 2.12 of the Indenture has been satisfied.

Transfer of Subsequent Receivables. On each Funding Date, upon the simultaneous transfer of such assets from the Contributor to the Depositor, the Depositor shall transfer to the DepositorIssuer, without recourse except as set forth herein herein: (i) the related Subsequent Receivables, and all moneys received thereon on or after the applicable Cutoff Date Date; and (ii) the related Contributed Deposited Assets; provided, however, that Subsequent Receivables may not be transferred by the Contributor to the Depositor and then transferred from the Depositor to the Issuer, Issuer or a security interest granted by the Issuer to the Indenture Trustee unless each of the conditions precedent in Section 2.12 of the Indenture has been satisfied.

Transfer of Subsequent Receivables. On each Funding Date, the Contributor Depositor shall transfer to the DepositorIssuer, without recourse except as set forth herein (i) the related Subsequent Receivables, and all moneys received thereon on or after the applicable Cutoff Date and (ii) the related Contributed Deposited Assets; provided, however, that Subsequent Receivables may not be transferred by the Contributor to the Depositor and then transferred from the Depositor to the Issuer, Issuer or a security interest granted by the Issuer to the Indenture Trustee unless each of the conditions precedent in Section 2.12 of the Indenture has been satisfied.

Transfer of Subsequent Receivables. On each Funding Date, upon the simultaneous transfer of such assets from the Contributor to the Depositor, the Depositor shall transfer to the DepositorIssuer, without recourse except as set forth herein (i) the related Subsequent Receivables, and all moneys received thereon on or after the applicable Cutoff Date and (ii) the related Contributed Deposited Assets; provided, however, that Subsequent Receivables may not be transferred by the Contributor to the Depositor and then transferred from the Depositor to the Issuer, Issuer or a security interest granted by the Issuer to the Indenture Trustee unless each of the conditions precedent in Section 2.12 of the Indenture has been satisfied.