Common use of Conveyance of Subsequent Receivables Clause in Contracts

Conveyance of Subsequent Receivables. (a) [Subject to the conditions set forth in paragraph (b) below, in consideration of the Issuer’s delivery on each related Subsequent Transfer Date to or upon the order of the Seller of the amount described in Section 5.11(b) to be delivered to the Seller, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer without recourse (subject to the Seller’s obligations set forth herein), and the Issuer hereby purchases, all right, title and interest of the Seller in and to the following property, whether now owned or existing or hereinafter acquired:

Conveyance of Subsequent Receivables. (a) [Subject to the conditions set forth in paragraph (bSection 2.2(b) belowof this Agreement, in consideration of the Issuer’s delivery on each related Subsequent Transfer Date to or upon the order of the Seller of the amount described in Section 5.11(b5.7(a) to be delivered to the Seller, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer Issuer, without recourse (subject to the Seller’s obligations set forth herein), and the Issuer hereby purchases, all right, title and interest of the Seller in and to the following propertyto, whether now owned or existing or hereinafter acquired:hereafter acquired or arising (collectively, the “Subsequent Receivables Property” and together with the Initial Receivables Property, the “Trust Property”):