Receivables Purchase Agreement definition

Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.

Receivables Purchase Agreement means the Receivables Purchase Agreement dated as of October 1, 2007, between the Issuer, the Depositor and the Receivables Seller, as the same may be amended, modified or supplemented from time to time.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of the Closing Date, between World Omni, as depositor and World Omni Auto Receivables LLC, as purchaser, as amended from time to time.

Examples of Receivables Purchase Agreement in a sentence

• This Receivables Purchase Agreement constitutes the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

• Under Section 2.1, the Depositor has sold and assigned to the Issuer the Depositor's rights under the Receivables Purchase Agreement, including the right to require Ford Credit to repurchase any Receivables if there is a breach of Ford Credit's representations and warranties.

• With respect to any indemnification provisions in this Receivables Purchase Agreement providing that a party to this Receivables Purchase Agreement is required to indemnify another party to this Receivables Purchase Agreement for attorney’s fees and expenses, such fees and expenses are intended to include attorney’s fees and expenses relating to the enforcement of such indemnity.

• At the Administrator's expense, the Issuer will promptly take any lawful action the Indenture Trustee requests to (i) compel the performance by (A) the Depositor and the Servicer of their obligations to the Issuer under the Sale and Servicing Agreement or (B) the Depositor and Ford Credit of their obligations under the Receivables Purchase Agreement and (ii) exercise any rights, remedies, powers, privileges and claims available to the Issuer under those agreements as directed by the Indenture Trustee.

• The Issuer is relying on Ford Credit's representations and warranties in the Receivables Purchase Agreement and on the Depositor's representations and warranties in this Section 2.4(a) in purchasing the Receivables, which representations and warranties will survive the sale and assignment of the Receivables by the Depositor to the Issuer under this Agreement and the pledge of the Receivables to the Indenture Trustee under the Indenture.

More Definitions of Receivables Purchase Agreement

Receivables Purchase Agreement means that certain Receivables Purchase Agreement, dated as of July 30, 2024, between TMCC, as Seller, and TAFR LLC, as Purchaser of the Receivables.

Receivables Purchase Agreement means that certain Receivables Purchase Agreement, dated as of April 13, 2022, between the Seller and TMCC.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of the Cutoff Date, between the Sponsor and the Depositor.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of July 1, 2018, between the Seller and the Depositor, and all amendments thereof and supplements thereto.

Receivables Purchase Agreement means each of (i) the Receivables Purchase Agreement, dated as of the Closing Date, between BMW Financial Services NA, LLC, as Seller, and BMW FS Securities LLC and (ii) the Receivables Purchase Agreement, dated as of the Closing Date, between BMW Bank of North America, as Seller, and BMW FS Securities LLC.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of September 1, 2002, by and between the Bank, as seller, and the Depositor, as purchaser.

Receivables Purchase Agreement means the receivables purchase agreement, dated as of May 1, 2005, between the Seller and PASS.