Common use of Chattel Paper Clause in Contracts

Chattel Paper. The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC.

Appears in 98 contracts

Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-4), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)

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Chattel Paper. The Receivables constitute Such Receivable constitutes either “tangible chattel paper” or “electronic chattel paper” within the meaning of as such terms are defined in the UCC.

Appears in 78 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-a Owner Trust)

Chattel Paper. The Receivables constitute Each Receivable constitutes “electronic chattel paper” or “tangible chattel paper” or “electronic chattel paper” within the meaning of as defined in the UCC.

Appears in 66 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-C), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-C), Sale and Servicing Agreement (World Omni Select Auto Trust 2024-A)

Chattel Paper. The Receivables constitute Each Receivable constitutes “chattel paper” that is in the form of either “tangible chattel paper” or “electronic chattel paper” within the meaning of as such terms are defined in the UCC.

Appears in 56 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC), Sale and Servicing Agreement (Toyota Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2015-C Owner Trust)

Chattel Paper. The Receivables constitute Each Receivable constitutes either “tangible chattel paper” or “electronic chattel paper” within the meaning of as such terms are defined in the UCC.

Appears in 33 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

Chattel Paper. The Receivables constitute Each Receivable constitutes either “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC as in effect in the state of origination. If such Receivable constitutes electronic chattel paper, the Seller has “control” of such electronic chattel paper within the meaning of Section 9-105 of the applicable UCC.

Appears in 25 contracts

Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-B)

Chattel Paper. The Receivables constitute Each Receivable constitutes “tangible chattel paper” or “electronic chattel paper” within the meaning of the applicable UCC.

Appears in 21 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC)

Chattel Paper. The Receivables constitute Each Receivable constitutes either “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCCUCC as in effect in the state of origination.

Appears in 20 contracts

Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2020-A), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2020-A), Receivables Purchase Agreement (Hyundai Abs Funding LLC)

Chattel Paper. The Receivables constitute Each Receivable constitutes “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCCUCC as in effect in the State of origination.

Appears in 11 contracts

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2023-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2022-1)

Chattel Paper. The Receivables constitute Each Receivable constitutes either “tangible chattel paper” or “electronic chattel paper” within the meaning of ”, as such terms are defined in the UCC.

Appears in 8 contracts

Samples: Purchase Agreement (Nissan Auto Receivables 2014-a Owner Trust), Purchase Agreement (Nissan Auto Receivables 2014-a Owner Trust), Purchase Agreement (Nissan Auto Receivables 2013-B Owner Trust)

Chattel Paper. The Receivables constitute Each Receivable constitutes either a “tangible chattel paper” or “electronic chattel paper” within the meaning of ”, as such terms are defined in the UCC.

Appears in 7 contracts

Samples: Purchase Agreement (Nissan Auto Receivables 2006-a Owner Trust), Purchase Agreement (Nissan Auto Receivables Corp Ii), Purchase Agreement (Nissan Auto Receivables Corp Ii)

Chattel Paper. The Receivables constitute “Such Receivable constitutes "tangible chattel paper” or “electronic chattel paper” within the meaning of " as defined in the UCC.

Appears in 5 contracts

Samples: Purchase and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1), Purchase and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Morgan Stanley Auto Loan Trust 2003-Hb1)

Chattel Paper. The Receivables constitute Each Receivable constitutes “tangible chattel paper” or “electronic chattel paper” (or, if such terms are not separately defined in the applicable UCC , “chattel paper”) within the meaning of the UCCUCC as in effect in the State of origination.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2023-2)

Chattel Paper. The Receivables constitute either tangible electronic chattel paper” or “electronic tangible chattel paper” within the meaning of the UCCUCC Section 9-102.

Appears in 4 contracts

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

Chattel Paper. The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within under the meaning of the applicable UCC.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (California Republic Funding LLC), Receivables Purchase Agreement (California Republic Auto Receivables Trust 2018-1), Receivables Purchase Agreement (California Republic Auto Receivables Trust 2018-1)

Chattel Paper. The Receivables constitute “Each Receivable constitutes "tangible chattel paper” or “electronic chattel paper” " within the meaning of the UCCUCC as in effect in the State of origination; provided, however, that upon satisfaction of the Rating Agency Condition, a Receivable may constitute "electronic chattel paper" within the meaning of the UCC as in effect in the State of origination.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Sale and Servicing Agreement (Wachovia Auto Owner Trust 2004-B), Sale and Servicing Agreement (Wachovia Auto Owner Trust 2005-A)

Chattel Paper. The Receivables constitute Each Receivable constitutes either “tangible chattel paper” or “electronic chattel paper,within the meaning of as such terms are defined in the UCC.

Appears in 2 contracts

Samples: Purchase Agreement (Nissan Auto Receivables 2013-a Owner Trust), Purchase Agreement (Nissan Auto Receivables 2013-a Owner Trust)

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Chattel Paper. The Receivables constitute “Each Receivable constitutes "tangible chattel paper" or "electronic chattel paper” within the meaning of " each as defined in the UCC.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC), Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)

Chattel Paper. The Receivables constitute electronic or tangible chattel paper” or “electronic chattel paper” paper within the meaning of the UCC.

Appears in 2 contracts

Samples: Contribution Agreement (Bay View Capital Corp), Contribution Agreement (Bay View Capital Corp)

Chattel Paper. The Receivables constitute Each Receivable constitutes “tangible chattel paper” or “electronic chattel paper” within the meaning of each as defined in the UCC.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)

Chattel Paper. The Receivables constitute “Each Receivable constitutes "tangible chattel paper" [or "electronic chattel paper” within the meaning of "] as such term[s] [is] [are] defined in the UCC.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

Chattel Paper. The Receivables constitute “Each Receivable constitutes "tangible chattel paper" or “electronic chattel paper” within the meaning of the applicable UCC.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2010-A)

Chattel Paper. The Receivables constitute “Each Receivable constitutes "tangible chattel paper" or "electronic chattel paper" within the meaning of the applicable UCC.

Appears in 1 contract

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC)

Chattel Paper. The Receivables constitute Each Receivable constitutes “tangible chattel paper” or “electronic chattel paper” within the meaning of as defined in the UCC.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)

Chattel Paper. The Receivables constitute “Each Receivable constitutes "tangible chattel paper" [or "electronic chattel paper” within the meaning of "], as such term[s] [is] [are] defined in the UCC.

Appears in 1 contract

Samples: Purchase Agreement (Nissan Auto Receivables Corp Ii)

Chattel Paper. The Receivables constitute Each Receivable constitutes “chattel paper” that is in the form of either “tangible chattel paper” or “electronic chattel paper” within the meaning of as such term is defined in the UCC.

Appears in 1 contract

Samples: Origination Agreement (Carvana Co.)

Chattel Paper. The Receivables constitute Each Receivable constitutes “chattel paper” that is in the form of either “tangible chattel paper” or “electronic chattel paper” within the meaning of as such terms are defined in the UCC.. (xx)

Appears in 1 contract

Samples: Receivables Purchase Agreement

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