Acceptance by Owner Trustee. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, pursuant to this Agreement, of all right, title and interest in and to the Receivables conveyed by the Seller pursuant to this Agreement and declares and shall declare from and after the date hereof that the Owner Trustee holds and shall hold such right, title and interest, upon the terms and conditions set forth in this Agreement.
Appears in 77 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2019-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2019-B Owner Trust), Execution Version Sale and Servicing Agreement (Toyota Auto Receivables 2019-a Owner Trust)
Acceptance by Owner Trustee. (a) The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, pursuant to this Agreement, of all right, title and interest in and previously held by the Transferor to the Receivables property, now existing and hereafter created, conveyed by to the Seller Issuer pursuant to Section 2.01. The Owner Trustee further acknowledges that, before or simultaneously with the execution and delivery of this Agreement and declares and shall declare from and after Agreement, the date hereof that Transferor has delivered to the Owner Trustee holds and shall hold such right, title and interest, upon the terms and conditions set forth in this AgreementAccount Schedule relating to the Initial Accounts.
Appears in 7 contracts
Samples: Transfer and Servicing Agreement (Ford Credit Floorplan LLC), Transfer and Servicing Agreement (Ford Credit Floorplan LLC), Transfer and Servicing Agreement (Ford Credit Floorplan Corp)
Acceptance by Owner Trustee. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, pursuant to this Agreement, of all right, title and interest in and to the Receivables conveyed by the Seller pursuant to this Agreement and declares and shall declare from and after the date hereof that the Owner Trustee holds and shall hold such right, title and interest, upon the terms and conditions set forth in this Agreement.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)
Acceptance by Owner Trustee. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, pursuant to this Agreement, of all right, title and interest in and to the Receivables conveyed by the Seller pursuant to this Agreement and declares and shall declare from and after the date hereof that the Owner Trustee holds and shall hold such right, title and interest, upon the terms and conditions set forth in this Agreement.. ARTICLE III THE RECEIVABLES
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)
Acceptance by Owner Trustee. The Owner Trustee does hereby acknowledges its acceptance, accept on behalf of the Issuer, pursuant to this Agreement, of Trust all right, title and interest in and to the Receivables consideration conveyed by the Seller Transferor pursuant to this Agreement Section 2.02 and declares and shall declare from and after the date hereof that the Owner Trustee holds and shall hold such rightconsideration in trust as herein set forth for the benefit of the Noteholders and the Certificateholder, title and interest, upon subject to the terms and conditions set forth in provisions of this AgreementAgreement and the Indenture.
Appears in 2 contracts
Samples: Securitization Trust Agreement (World Omni 1998-a Automobile Lease Securitization Trust), Securitization Trust Agreement (World Omni 1999-a Automobile Lease Securitization Trust)
Acceptance by Owner Trustee. The Owner Trustee hereby acknowledges its acceptance, on behalf of the Issuer, pursuant to this Agreement, of all right, title and interest in and to the Receivables conveyed by the Seller pursuant to this Agreement and declares and shall declare from and after the date hereof that the Owner Trustee holds and shall hold such right, title and interest, upon the terms and conditions set forth in this Agreement.. ARTICLE III
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)
