Restrictions on Transfer of Seller Note. Neither the Seller Note, nor any right of the Seller to receive payments thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyed, except as provided in the Credit Agreement and the security documents related thereto.
Appears in 2 contracts
Sources: Receivables Sale Agreement (American Axle & Manufacturing Inc), Receivables Sale Agreement (American Axle & Manufacturing Holdings Inc)
Restrictions on Transfer of Seller Note. Neither the Seller Note, Note nor any right of the Seller to receive payments any payment thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyedconveyed except with the prior written consent of the Controlling Party, except as provided in the Credit Agreement and the security documents related theretowhich consent shall not be unreasonably withheld or delayed.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp)
Restrictions on Transfer of Seller Note. Neither the Seller Note, Note nor any right of the Seller to receive payments any payment thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyedconveyed except with the prior written consent of the Program Manager, except as provided in the Credit Agreement and the security documents related theretowhich consent shall not be unreasonably withheld or delayed.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp)
Restrictions on Transfer of Seller Note. Neither the Seller Note, nor any right of the Seller Sellers to receive payments thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyed, except as provided in the Credit Agreement and the security documents related thereto.
Appears in 1 contract