New Debtor. In the event that the Seller shall change the jurisdiction in which it is formed or otherwise enter into any transaction which would result in a “new debtor” (as defined in the UCC) succeeding to the obligations of the Seller hereunder, the Seller shall comply fully with the obligations of Section 4.02(a).
Appears in 91 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2024-1), Pooling Agreement (Ally Auto Receivables Trust 2024-1), Pooling Agreement (Ally Auto Receivables Trust 2023-1)
New Debtor. In the event that the Seller shall change the jurisdiction in which it is formed or otherwise enter into any transaction which would result in a “new debtor” (as defined in the UCC) succeeding to the obligations of the Seller hereunder, the Seller shall comply fully with the obligations of Section 4.02(a5.02(a).
Appears in 48 contracts
Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-2)
New Debtor. In the event that the Seller shall change the jurisdiction in which it is formed or otherwise enter into any transaction which would result in a “new debtor” (as defined in the UCC) succeeding to the obligations of the Seller hereunder, the Seller shall comply fully with the obligations of Section 4.02(a4.2(a).
Appears in 26 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P3)
New Debtor. In the event that If the Seller shall change the jurisdiction in which it is formed or otherwise enter into any transaction which would result in a “new debtor” (as defined in the UCC) succeeding to the obligations of the Seller hereunder, the Seller shall comply fully with the obligations of Section 4.02(a).
Appears in 13 contracts
Samples: Sale and Contribution Agreement (Ally Auto Assets LLC), Sale and Contribution Agreement (Ally Auto Assets LLC), Sale and Contribution Agreement (Ally Auto Assets LLC)
New Debtor. In the event that If the Seller shall change the jurisdiction in which it is formed incorporated or otherwise enter into any transaction which would result in a “"new debtor” " (as defined in the UCC) succeeding to the obligations of the Seller hereunder, the Seller shall comply fully with the obligations of Section 4.02(a).
Appears in 2 contracts
Samples: Sale and Contribution Agreement (Central Originating Lease Trust), Sale and Contribution Agreement (Capital Auto Receivables Asset Trust 2005-Sn1)
New Debtor. In the event that If the Seller shall change the jurisdiction in which it is formed or otherwise enter into any transaction which would result in a “"new debtor” " (as defined in the UCC) succeeding to the obligations of the Seller hereunder, the Seller shall comply fully with the obligations of Section 4.02(a).
Appears in 1 contract
Samples: Sale and Contribution Agreement (Capital Auto Receivables Asset Trust 2007-Sn1)
