Common use of Adverse Selection Clause in Contracts

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 26 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

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Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase the Loans (it being expressly understood that the Loans consist of closed pools of Loans under the related Dealer Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed Pools).

Appears in 19 contracts

Samples: Contribution Agreement (Credit Acceptance Corporation), Contribution Agreement (Credit Acceptance Corporation), Contribution Agreement (Credit Acceptance Corporation)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 7 contracts

Samples: Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Loans, Dealer Agreements or Purchase AgreementsContracts; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell to Funding Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 7 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 6 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Dealer Agreements, Dealer Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed PoolsContracts.

Appears in 6 contracts

Samples: Contribution Agreement (Credit Acceptance Corporation), Contribution Agreement (Credit Acceptance Corporation), Contribution Agreement (Credit Acceptance Corporation)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Dealer Agreements, Loans or any Dealer Agreements or Purchase AgreementsContracts; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell transfer to Funding Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 2 contracts

Samples: Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed PoolsLoans.

Appears in 2 contracts

Samples: Contribution Agreement (Credit Acceptance Corporation), Contribution Agreement (Credit Acceptance Corporation)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Dealer Agreements, Loans or any Dealer Agreements or Purchase AgreementsContracts; provided that that, for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell transfer to Funding Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

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Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Dealer Agreements, Loans or any Dealer Agreements or Purchase AgreementsContracts; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell transfer to Funding Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell to Funding Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Dealer Agreements, Loans or any Dealer Agreements or Purchase AgreementsContracts; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell to the Borrower Dealer Loans secured by either Open Pools or Closed Pools.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Dealer Agreements, Loans or any Dealer Agreements or Purchase AgreementsContracts; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell transfer to Funding Dealer Loans secured by either Open Pools or Closed Pools. 2.11. Clause (g) appearing in Section 5.1 of the Agreement is hereby amended in its entirety and as so amended shall read as follows:

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corp)

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Dealer Agreements, Loans or any Dealer Agreements or Purchase AgreementsContracts; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell transfer to Funding Dealer Loans secured by either Open Pools or Closed Pools.. (bb)

Appears in 1 contract

Samples: Contribution Agreement

Adverse Selection. No selection procedure believed by CAC to be materially adverse to the interests of Funding has been or will be used in selecting the Loans or any Dealer Agreements or Purchase Agreements; provided that for the avoidance of doubt, during the Revolving Period, CAC in its sole discretion may elect to sell Dealer Loans secured by either Open Pools or Closed Pools. 2.6 Section 5.1(e) of the Agreement is hereby amended in its entirety and as so amended shall read as follows:

Appears in 1 contract

Samples: Sale and Contribution Agreement (Credit Acceptance Corp)

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