Binding Obligation; Receivables in Force. Each Receivable is a binding obligation of its related Obligor and no Receivable has been satisfied, subordinated or rescinded, nor has any Financed Vehicle been released from the lien granted by the related Receivable in whole or in part.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Paragon Auto Receivables Corp), Receivables Purchase Agreement (Paragon Auto Receivables Corp), Receivables Purchase Agreement (Paragon Auto Receivables Corp)
