Common use of Acceptance and Acknowledgment Clause in Contracts

Acceptance and Acknowledgment. National Financial hereby acknowledges its acceptance of all right, title and interest of Originator in, to and under the Receivables and the other Receivable Assets sold hereby. Originator further acknowledges that, prior to or simultaneously with the execution and delivery of this Conveyance the conditions precedent to such sale set forth in Article III of the Purchase Agreement have been satisfied.

Appears in 3 contracts

Sources: Purchase and Contribution Agreement (National Financial Auto Funding Trust), Purchase and Contribution Agreement (National Auto Finance Co Inc), Purchase and Contribution Agreement (National Auto Finance Co Inc)

Acceptance and Acknowledgment. National Financial hereby acknowledges its acceptance of all right, title and interest of Originator in, to and under the Receivables and the other Receivable Assets sold hereby. Originator further acknowledges that, prior to or simultaneously with the execution and delivery of this Conveyance the conditions precedent to such sale set forth in Article III of the Purchase Agreement have been satisfied.or

Appears in 1 contract

Sources: Purchase and Contribution Agreement (National Financial Auto Funding Trust)