Common use of Additional Representations and Warranties Clause in Contracts

Additional Representations and Warranties. (A) Each Receivable is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, each Receivable is secured by a new or used car, crossover utility vehicle, light-duty truck or sport utility vehicle; (C) no Receivable was more than 29 days past due as of the Cutoff Date; and (D) as of the Cutoff Date, no Receivable was noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding. Test 16(A): Servicing Confirm the Review Materials show the Receivable was being serviced by TMCC as of the Closing Date. Test 16(B): Financed Vehicle Review the Contract and confirm the Financed Vehicle is a new or used car, crossover utility vehicle, light-duty truck or sport utility vehicle. Test 16(C): Delinquency Confirm the Data Tape shows the Receivable is not more than 29 days past due as of the Cut-off Date. Test 16(D): No Bankruptcy Confirm the Data Tape shows the Obligor was not noted as being the subject of any bankruptcy or insolvency proceeding as of the Cutoff Date.

Appears in 28 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-C Owner Trust)

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Additional Representations and Warranties. (A) Each Receivable is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, each Receivable is secured by a new or used passenger car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle; (C) no Receivable was more than 29 days past due as of the Cutoff Date; and (D) as of the Cutoff Date, no Receivable was noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding. Test 16(A): Servicing Confirm the Review Materials show the Receivable was being serviced by TMCC as of the Closing Date. Test 16(B): Financed Vehicle Review the Contract and confirm the Financed Vehicle is a new or used passenger car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle. Test 16(C): Delinquency Confirm the Data Tape shows the Receivable is not more than 29 days past due as of the Cut-off Date. Test 16(D): No Bankruptcy Confirm the Data Tape shows the Obligor was not noted as being the subject of any bankruptcy or insolvency proceeding as of the Cutoff Date.

Appears in 22 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2018-C Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2018-C Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2018-B Owner Trust)

Additional Representations and Warranties. (A) Each Receivable is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, each Receivable is secured by a new or used car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle; (C) no Receivable was more than 29 days past due as of the Cutoff Date; and (D) as of the Cutoff Date, no Receivable was noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding. Test 16(A): Servicing Confirm the Review Materials show the Receivable was being serviced by TMCC as of the Closing Date. Test 16(B): Financed Vehicle Review the Contract and confirm the Financed Vehicle is a new or used car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle. Test 16(C): Delinquency Confirm the Data Tape shows the Receivable is not more than 29 days past due as of the Cut-off Date. Test 16(D): No Bankruptcy Confirm the Data Tape shows the Obligor was not noted as being the subject of any bankruptcy or insolvency proceeding as of the Cutoff Date.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2020-D Owner Trust)

Additional Representations and Warranties. (A) Each Receivable is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, each Receivable is secured by a new or used car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle; (C) no Receivable was more than 29 days past due as of the Cutoff Date; and (D) as of the Cutoff Date, no Receivable was noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding. Test 16(A): Servicing Confirm the Review Materials show the Receivable was being serviced by TMCC as of the Closing Date. Test 16(B): Financed Vehicle Review the Contract and confirm the Financed Vehicle is a new or used car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle. Test 16(C): Delinquency Confirm the Data Tape shows the Receivable is not more than 29 days past due as of the Cut-off Date. Test 16(D): No Bankruptcy Confirm the Data Tape shows the Obligor was not noted as being the subject of any bankruptcy or insolvency proceeding as of the Cutoff Date.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2019-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2019-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2019-C Owner Trust)

Additional Representations and Warranties. (A) Each Receivable is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, each Receivable is secured by a new or used [car, crossover utility vehicle, light-duty truck or sport utility vehicle]; (C) no Receivable was more than 29 [_] days past due as of the Cutoff Date; and (D) as of the Cutoff Date, no Receivable was noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding. Test 16(A): Servicing Confirm the Review Materials show the Receivable was being serviced by TMCC as of the Closing Date. Test 16(B): Financed Vehicle Review the Contract and confirm the Financed Vehicle is a new or used [car, crossover utility vehicle, light-duty truck or sport utility vehicle]. Test 16(C): Delinquency Confirm the Data Tape shows the Receivable is not more than 29 [_] days past due as of the Cut-off Date. Test 16(D): No Bankruptcy Confirm the Data Tape shows the Obligor was not noted as being the subject of any bankruptcy or insolvency proceeding as of the Cutoff Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

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Additional Representations and Warranties. (A) Each Receivable is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, each Receivable is secured by a new or used car, crossover utility vehicle, light-duty truck or sport utility vehicle; (C) no Receivable was more than 29 [_] days past due as of the Cutoff Date; and (D) as of the Cutoff Date, no Receivable was noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding. Test 16(A): Servicing Confirm the Review Materials show the Receivable was being serviced by TMCC as of the Closing Date. Test 16(B): Financed Vehicle Review the Contract and confirm the Financed Vehicle is a new or used car, crossover utility vehicle, light-duty truck or sport utility vehicle. Test 16(C): Delinquency Confirm the Data Tape shows the Receivable is not more than 29 [__] days past due as of the Cut-off Date. Test 16(D): No Bankruptcy Confirm the Data Tape shows the Obligor was not noted as being the subject of any bankruptcy or insolvency proceeding as of the Cutoff Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

Additional Representations and Warranties. (A) Each Receivable is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, each Receivable is secured by a new or used passenger car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle; (C) no Receivable was more than 29 [__] days past due as of the Cutoff Date; and (D) as of the Cutoff Date, no Receivable was noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding. Test 16(A): Servicing Confirm the Review Materials show the Receivable was being serviced by TMCC as of the Closing Date. Test 16(B): Financed Vehicle Review the Contract and confirm the Financed Vehicle is a new or used passenger car, crossover utility vehicleminivan, light-duty truck or sport utility vehicle. Test 16(C): Delinquency Confirm the Data Tape shows the Receivable is not more than 29 [__] days past due as of the Cut-off Date. Test 16(D): No Bankruptcy Confirm the Data Tape shows the Obligor was not noted as being the subject of any bankruptcy or insolvency proceeding as of the Cutoff Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

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