Conveyance of Initial Receivables. In consideration of the Transferor's delivery to or upon the order of the Seller on the Closing Date of the net proceeds from the sale of the Notes and the Certificates and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller does hereby sell, transfer, assign, set over and otherwise convey to Transferor, without recourse (subject to the obligations set forth herein), all right, title and interest of the Seller in and to:
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)
Conveyance of Initial Receivables. In consideration of the --------------------------------- Transferor's delivery to or upon the order of the Seller on the Closing Date of the net proceeds from the sale of the Notes and the Certificates and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller does hereby sell, transfer, assign, set over and otherwise convey to Transferor, without recourse (subject to the obligations set forth herein), all right, title and interest of the Seller in and to:
Appears in 1 contract
Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
