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Common use of Authoritative Copy Clause in Contracts

Authoritative Copy. Neither the Seller nor a custodian or vaulting agent thereof holding any Receivable that is electronic chattel paper has communicated an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of any loan agreement that constitutes or evidences such Receivable to any Person other than the Servicer.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2008-1), Sale and Servicing Agreement (Usaa Acceptance LLC), Receivables Purchase Agreement (Usaa Acceptance LLC)

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