Common use of AFL MAY OWN NOTES Clause in Contracts

AFL MAY OWN NOTES. Subject to the provisions of the Sale and Servicing Agreement, AFL and any Affiliate of AFL may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not AFL or an Affiliate thereof.

Appears in 11 contracts

Samples: Receivables Purchase Agreement (Arcadia Receivables Finance Corp), Receivables Purchase Agreement and Assignment (Olympic Receivables Finance Corp), Receivables Purchase Agreement (Arcadia Receivables Finance Corp)

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AFL MAY OWN NOTES. Subject to the provisions of the Sale and Servicing Agreement, AFL and any Affiliate of AFL may in its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as it would have if it were not AFL or an Affiliate thereof.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Arcadia Receivables Finance Corp)

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