Common use of Reassignment of Other Receivables Clause in Contracts

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach RFC VIII is required under Section 2.7 of the Transfer Agreement to accept a reassignment of all of the Receivables previously sold by TRS to RFC VIII pursuant to this Agreement, TRS shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b). (b) TRS shall accept reassignment of any Receivables described in Subsection 6.02(a) from RFC VIII on the date on which such Receivables are reassigned to RFC VIII, and shall pay for such reassigned Receivables by paying to RFC VIII, not later than 11:00 a.m., New York City time, on the First Note Transfer Date following the Monthly Period in which such reassignment obligation arises, an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRS, without recourse, representation or warranty, all the right, title and interest of RFC VIII in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach RFC VIII TRS is required under Section 2.7 Subsection 6.02(b) of the Transfer TRS-RFC VIII Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by FSB to TRS to RFC VIII pursuant to this Agreement, TRS FSB shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b). (b) TRS FSB shall accept reassignment of any Receivables described in Subsection 6.02(a) from RFC VIII TRS on the date on which such Receivables are reassigned to RFC VIIITRS, and shall pay for such reassigned Receivables by paying to RFC VIIITRS, not later than 11:00 a.m., New York City time, on the First Note Transfer Date following the Monthly Period in which such reassignment obligation arises, an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII TRS shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRSFSB, without recourse, representation or warranty, all the right, title and interest of RFC VIII TRS in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach RFC VIII TRS is required under Section 2.7 Subsection 6.02(b) of the Transfer TRS-RFC VIII Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by Centurion to TRS to RFC VIII pursuant to this Agreement, TRS Centurion shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b). (b) TRS Centurion shall accept reassignment of any Receivables described in Subsection 6.02(a) from RFC VIII TRS on the date on which such Receivables are reassigned to RFC VIIITRS, and shall pay for such reassigned Receivables by paying to RFC VIIITRS, not later than 11:00 a.m., New York City time, on the First Note Transfer Date following the Monthly Period in which such reassignment obligation arises, an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII TRS shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRSCenturion, without recourse, representation or warranty, all the right, title and interest of RFC VIII TRS in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.01(a)(i) or (iii) or Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach RFC VIII TRS is required under Section 2.7 Subsection 6.02(b) of the Transfer TRS-RFC VIII Receivables Purchase Agreement to accept a reassignment of all of the Receivables previously sold by the Seller to TRS to RFC VIII pursuant to this Agreement, TRS the Seller shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b). (b) TRS The Seller shall accept reassignment of any Receivables described in Subsection 6.02(a) from RFC VIII TRS on the date on which such Receivables are reassigned to RFC VIIITRS, and shall pay for such reassigned Receivables by paying to RFC VIIITRS, not later than 11:00 a.m., New York City time, on the First Note Transfer Date following the Monthly Period in which such reassignment obligation arises, an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII TRS shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRSthe Seller, without recourse, representation or warranty, all the right, title and interest of RFC VIII TRS in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including