Common use of Conveyance of Initial Receivables Clause in Contracts

Conveyance of Initial Receivables. In consideration of the Purchaser’s delivery to or upon the order of the Seller of $232,519,072.82, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all right, title and interest of the Seller in and to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

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

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Conveyance of Initial Receivables. In consideration of the Purchaser’s delivery to or upon the order of the Seller of $232,519,072.82179,260,243.77, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all right, title and interest of the Seller in and to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

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

Conveyance of Initial Receivables. (a) In consideration of the Purchaser’s 's delivery to or upon the order of the Seller on the Closing Date of $232,519,072.82137,583,736, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), ) all right, title title, and interest of the Seller in and to (collectively, the “Initial Receivables Property”):to:

Appears in 1 contract

Samples: Receivables Purchase Agreement (First Merchants Acceptance Corp)

Conveyance of Initial Receivables. In consideration of the Purchaser’s delivery to or upon the order of the Seller of $232,519,072.82247,025,622.27, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all right, title and interest of the Seller in and to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

Samples: Purchase Agreement (Franklin Receivables Auto Trust 2003-1)

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Conveyance of Initial Receivables. In consideration of the Purchaser’s delivery to or upon the order of the Seller of $232,519,072.82249,496,361.44, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all right, title and interest of the Seller in and to (collectively, the “Initial Receivables Property”):

Appears in 1 contract

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

Conveyance of Initial Receivables. In consideration of the Purchaser’s 's delivery to or upon the order of the Seller of $232,519,072.82, 176,250,000 the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (subject to the obligations herein), all right, title and interest of the Seller in and to (collectively, the "Initial Receivables Property"):

Appears in 1 contract

Samples: Subsequent Purchase Agreement (Franklin Receivables LLC)

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