Sale and Assignment Agreement definition

Sale and Assignment Agreement means the Amended and Restated Sale and Assignment Agreement, dated as of June 1, 2001, between Ford and Ford Credit pursuant to which (a) Ford sells and assigns to Ford Credit the right to receive amounts payable by a Dealer to Ford from time to time in respect of such Dealer's purchase of New Vehicles manufactured or distributed by Ford pursuant to the related Sales and Service Agreement, (b) Ford agrees to pay Ford Credit the related Adjustment Fees in respect of such sale and assignment and (c) Ford assigns to Ford Credit the first priority perfected security interest granted to Ford by such Dealer in such New Vehicles, as the same may be amended, supplemented or otherwise modified from time to time.

Sale and Assignment Agreement means the Amended and Restated Sale and Assignment Agreement, dated as of [_________, 2001], between Ford and Ford Credit pursuant to which (a) Ford assigns to Ford Credit the right to receive amounts payable by a Dealer to Ford from time to time in respect of such Dealer's purchase of New Vehicles manufactured or distributed by Ford pursuant to the related Sales and Service Agreement, (b) Ford agrees to pay Ford Credit the related Adjustment Fees in respect of such assignment and (c) Ford assigns to Ford Credit the security interest granted to Ford by such Dealer in such New Vehicles, as the same may be amended, supplemented or otherwise modified from time to time.

Sale and Assignment Agreement means the Sale and Assignment Agreement dated as of June 26, 2008 entered into by Sierra 2002 and the Depositor and pursuant to which Sierra 2002 sells and assigns to the Depositor all of Sierra 2002’s right, title and interest in certain Pledged Loans and the Pledged Assets related thereto.

Examples of Sale and Assignment Agreement in a sentence

• The Servicer agrees that the Assignment and Assumption Agreement, the Mortgage Loan Sale and Assignment Agreement and the Trust Agreement will each be a valid assignment and assumption agreement or other assignment document required pursuant to Sections 2.02 and 12.10 of the SWSA and will constitute a valid assignment and assumption of the rights and obligations of LBB under the SWSA to the Seller, by the Seller to SASCO, and by SASCO to the Trust Fund, as applicable.

• The Servicer hereby acknowledges that the rights and obligations of LBB under the SWSA will be assigned to the Seller on the Closing Date pursuant to the Assignment and Assumption Agreement; that such rights and obligations, as amended by this Agreement will, in turn, be re-assigned by the Seller to SASCO under the Mortgage Loan Sale and Assignment Agreement; and that such rights and obligations will simultaneously be re-assigned by SASCO to the Trust Fund under the Trust Agreement.

• The Servicer hereby acknowledges that the rights and obligations of the Bank under the SWSA will be assigned to the Seller on the Closing Date pursuant to the Assignment and Assumption Agreement; that such rights and obligations, as amended by this Agreement will, in turn, be re-assigned by the Seller to SASCO under the Mortgage Loan Sale and Assignment Agreement; and that such rights and obligations will simultaneously be re-assigned by SASCO to the Trust Fund under the Trust Agreement.

• Seller has the corporate power and authority to execute, deliver, and perform this Agreement, the Xxxx of Sale and Assignment Agreement, the Deeds, and all other agreements, documents, certificates, and other papers contemplated to be delivered by Seller pursuant to this Agreement.

• The execution, delivery, and performance by Seller of this Agreement, the Xxxx of Sale and Assignment Agreement, the Deeds, and all other agreements, documents, certificates, and other papers contemplated to be delivered by Seller pursuant to this Agreement have been duly authorized by the Board of Directors of Seller.

More Definitions of Sale and Assignment Agreement

Sale and Assignment Agreement means the Sale and Assignment Agreement, dated as of March 29, 2000 among the Trust, as Issuer, the Depositor, as Seller, the Indenture Trustee and the Trust Agent as the same may be amended or supplemented from time to time.

Sale and Assignment Agreement means the Sale and Assignment Agreement dated as of May 23, 2007 entered into by Sierra 2002 and the Depositor and pursuant to which Sierra 2002 sells and assigns to the Depositor all of Sierra 2002’s right, title and interest in certain Pledged Loans and the Pledged Assets related thereto.

Sale and Assignment Agreement means the Sale and Assignment Agreement dated as of August 11, 2005 entered into by Cendant 2002 and the Depositor and pursuant to which Cendant 2002 sells and assigns to the Depositor all of Cendant 2002’s right, title and interest in certain Pledged Loans and the Pledged Assets related thereto.

Sale and Assignment Agreement means the STCRF Sale and Assignment Agreement or the STCRF II Sale and Assignment Agreement.

Sale and Assignment Agreement means the STCRF Sale and Assignment Agreement or the STCRF II Sale and Assignment Agreement. “Scheduled Payment” shall mean the scheduled monthly payment of principal and interest on a Pledged Loan.

Sale and Assignment Agreement means, in respect of a Claim Pool, a sale and assignment agreement between LBNL and an End Purchaser in respect of the Eligible Admitted Claims allocated to such Claim Pool and sold, conveyed, transferred and assigned to LBNL pursuant to the Contractual Documents;

Sale and Assignment Agreement means, in respect of a Participating Eligible Admitted Claim, a sale and assignment agreement between LBNL and an End Purchaser in respect of all of the Assigned Rights relating to such Participating Eligible Admitted Claim in respect of which such End Purchaser has been confirmed as the End Purchaser, and sold, conveyed, transferred and assigned to LBNL pursuant to this Agreement;