Closing; Further Assignments Sample Clauses
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 2016-A Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2016-A Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 2016-A Reference Pool.
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the Second-Tier Assets will take place on the 2021-B Closing Date.
(b) The Seller acknowledges that the Issuer will, pursuant to the Indenture, assign and pledge the Second-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2021-B Secured Parties and the Noteholders. The Seller consents to such assignment and pledge.
(c) The sale, transfer, assignment and conveyance of the Second-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee collection of the Second-Tier Assets or any Collateral Asset included in the 2021-B Reference Pool.
Closing; Further Assignments. (a) The sale and assignment of the First-Tier Assets will take place on the 2013-B Closing Date concurrently with the closings under the Second-Tier Sale Agreement and the Indenture.
(b) The Seller acknowledges that (i) the Depositor will, pursuant to the Second-Tier Sale Agreement, sell and assign the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer (and will execute a savings clause analogous to Section 2.3 in favor of the Issuer) and (ii) the Issuer will, pursuant to the Indenture, assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2013-B Secured Parties. The Seller consents to such assignments and pledge.
(c) The Depositor acknowledges the appointment of Ford Credit as Servicer with respect to the Collateral Specified Interests pursuant to the Servicing Agreement and as Servicer with respect to the 2013-B Reference Pool pursuant to the Servicing Supplement.
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 2021-B Closing Date.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2021-B Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 2021-B Reference Pool.
Closing; Further Assignments. (a) The sale and assignment of the Second-Tier Assets will take place on the 2014-A Closing Date concurrently with the closings under the First-Tier Sale Agreement and the Indenture.
(b) The Depositor acknowledges that the Issuer will, pursuant to the Indenture, assign and pledge the Second-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2014-A Secured Parties. The Depositor consents to such assignment and pledge.
(c) The Issuer acknowledges the appointment of Ford Credit as Servicer with respect to the Collateral Specified Interests pursuant to the Servicing Agreement and as Servicer with respect to the 2014-A Reference Pool pursuant to the Servicing Supplement.
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the Second-Tier Assets will take place on the 2019-A Closing Date concurrently with the closings under the First-Tier Sale Agreement and the Indenture.
(b) The Seller acknowledges that the Issuer will, pursuant to the Indenture, assign and pledge the Second-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2019-A Secured Parties and the Noteholders. The Seller consents to such assignment and pledge.
(c) The sale, transfer, assignment and conveyance of the Second-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee collection of the Second-Tier Assets or any Collateral Asset included in the 2019-A Reference Pool.
Closing; Further Assignments. (a) The sale and assignment of the Second-Tier Assets will take place on the 2011-B Closing Date concurrently with the closings under the First-Tier Sale Agreement, the Indenture and the Initial Purchase Agreement.
(b) The Depositor acknowledges that the Issuer will, pursuant to the Indenture, assign and pledge the Second-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2011-B Secured Parties. The Depositor consents to such assignment and pledge.
(c) The Issuer acknowledges the appointment of Ford Credit as Servicer with respect to the Collateral Specified Interests pursuant to the Servicing Agreement and as Servicer with respect to the 2011-B Reference Pool pursuant to the Servicing Supplement.
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the Second-Tier Assets will take place on the 20[__]-[__] Closing Date concurrently with the closings under the First-Tier Sale Agreement and the Indenture.
(b) The Seller acknowledges that the Issuer will, pursuant to the Indenture, assign and pledge the Second-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20[__]-[__] Secured Parties and the Noteholders. The Seller consents to such assignment and pledge.
(c) The sale, transfer, assignment and conveyance of the Second-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee collection of the Second-Tier Assets or any Collateral Asset included in the 20[__]-[__] Reference Pool.
Closing; Further Assignments. (a) The sale and assignment of the Second-Tier Assets will take place on the 20__-_ Closing Date concurrently with the closings under the First-Tier Sale Agreement and the Indenture.
(b) The Depositor acknowledges that the Issuer will, under the Indenture, assign and pledge the Second-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20__-_ Secured Parties. The Depositor consents to the assignment and pledge.
(c) The Issuer acknowledges the appointment of Ford Credit as Servicer of the Collateral Specified Interests under the Servicing Agreement and as Servicer of the 20__-_ Reference Pool under the Servicing Supplement.