First Step Additional Receivables Assignment definition

First Step Additional Receivables Assignment. As defined in Section 2.02(b) of the Pooling and Servicing Agreement.
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Examples of First Step Additional Receivables Assignment in a sentence

  • This First Step Additional Receivables Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Pooling and Servicing Agreement and is to be governed by the Pooling and Servicing Agreement.

  • On the Initial Closing Date, the Seller shall execute and deliver the First Step Initial Receivables Assignment and on each Subsequent Closing Date, the Seller shall execute and deliver the First Step Additional Receivables Assignment.

  • On the [Initial] Closing Date, [the Seller shall execute and deliver the First Step Initial Receivables Assignment and on each Subsequent Closing Date,] the Seller shall execute and deliver the First Step [Additional] Receivables Assignment.

  • It is the intention of GMAC and ▇▇▇▇ that the transfer and assignment contemplated by this First Step Additional Receivables Assignment shall constitute a sale of the Additional Receivables from GMAC to ▇▇▇▇ and the beneficial interest in and title to the Additional Receivables shall not be part of GMAC's estate in the event of the filing of a bankruptcy petition by or against GMAC under any bankruptcy law.

  • This Agreement shall be construed in accordance with the laws of the State of New York and the obligations of the undersigned under this First Step Additional Receivables Assignment shall be determined in accordance with such laws.

  • On the Initial Closing Date, GMAC shall execute and deliver the First Step Initial Receivables Assignment and on each Additional Closing Date, GMAC shall execute and deliver a First Step Additional Receivables Assignment.

  • In consideration for the Additional Purchased Property to be sold by GMAC to ▇▇▇▇, ▇▇▇▇ shall, on each related Subsequent Closing Date, pay to GMAC an amount equal to the Aggregate Additional Receivables Principal Balance in respect of the Additional Receivables sold on such date and GMAC shall execute and deliver to ▇▇▇▇ a First Step Additional Receivables Assignment in the form attached hereto as Exhibit B (the "First Step Additional Receivables Assignment").

  • In consideration for the Additional Purchased Property to be sold by the Seller to C▇▇▇, ▇▇▇▇ shall, on each related Subsequent Closing Date, pay to the Seller an amount equal to the Aggregate Additional Receivables Principal Balance in respect of the Additional Receivables sold on such date and the Seller shall execute and deliver to C▇▇▇ a First Step Additional Receivables Assignment in the form attached hereto as Exhibit B (the “First Step Additional Receivables Assignment”).

  • On the Initial Closing Date, GMAC shall execute and deliver the First Step Initial Receivables Assignment and on each Subsequent Closing Date, GMAC shall execute and deliver a First Step Additional Receivables Assignment.

  • In consideration for the Additional Purchased Property to be sold by GMAC to CARI, CARI shall, on each related Additional Closing Date, pay to GMA▇ ▇▇ ▇▇▇▇▇t equal to the Additional Receivables Discounted Principal Balance in respect of the Additional Receivables sold on such date and GMAC shall execute and deliver to CARI a First Step Additional Receivables Assignment in the form attac▇▇▇ hereto as Exhibit B (the "First Step Additional Receivables Assignment").

Related to First Step Additional Receivables Assignment

  • Receivables Assets means accounts receivable (including any bills of exchange) and related assets and property from time to time originated, acquired or otherwise owned by the Borrower or any Subsidiary.

  • Receivables Purchase Facility means any securitization facility made available to the Borrower or any of its Subsidiaries, pursuant to which receivables of the Borrower or any of its Subsidiaries are transferred to one or more SPCs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents.

  • Receivables Purchase Price means $1,610,505,281.69.

  • Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.

  • Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.