Common use of Conveyance of Subsequent Receivables Clause in Contracts

Conveyance of Subsequent Receivables. In consideration of the Issuer's ------------------------------------ delivery to or upon the order of the Seller of $____________, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse (except as expressly provided in the Sale and Servicing Agreement), all right, title and interest of the Seller in and to: (a) the Subsequent Receivables and all moneys received thereon, on and after the related Subsequent Cutoff Date; (b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Subsequent Receivables and any other interest of the Seller in such Financed Vehicles; (c) any proceeds and the right to receive proceeds with respect to the Subsequent Receivables from claim and the right to receive proceeds on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors; (d) all rights of the Seller against the Dealers; (e) any proceeds with respect to the Subsequent Receivables from recourse to Dealers in respect to which the Servicer has determined in accordance with its customary servicing procedures that eventual payment in full is unlikely; (f) the related Receivables Files; (g) its rights and benefits, but none of its obligations or burdens, under the Subsequent Transfer Agreement, including the delivery requirements, representations and warranties and the cure and repurchase obligations of AmeriCredit and CP Funding under the Subsequent Purchase Agreement, on or after the Subsequent Cutoff Date; and (h) the proceeds of any and all of the foregoing.

Conveyance of Subsequent Receivables. In consideration of the Issuer's ------------------------------------ delivery to or upon the order of the Seller of $____________, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse (except as expressly provided in the Sale and Servicing Agreement), all right, title and interest of the Seller in and to: (a) the Subsequent Receivables and all moneys received thereon, on and after the related Subsequent Cutoff Date; (b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Subsequent Receivables and any other interest of the Seller in such Financed Vehicles; (c) any proceeds and the right to receive proceeds with respect to the Subsequent Receivables from claim and the right to receive proceeds on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors; (d) all rights of the Seller against the Dealers; (e) any proceeds with respect to the Subsequent Receivables from recourse to Dealers in respect to which the Master Servicer has determined in accordance with its customary servicing procedures that eventual payment in full is unlikely; (f) the related Receivables Files; (g) its rights and benefits, but none of its obligations or burdens, under the Subsequent Transfer Agreement, including the delivery requirements, representations and warranties and the cure and repurchase obligations of AmeriCredit and CP Funding Advanta under the Subsequent Purchase Agreement, on or after the Subsequent Cutoff Date; and (h) the proceeds of any and all of the foregoing.