Common use of Creation Clause in Contracts

Creation. Immediately prior to the conveyance of the Receivables pursuant to the Purchase Agreement, CNHICA owns and has good and marketable title to, or has a valid security interest in, the Receivables free and clear of any Lien, claim or encumbrance of any Person.

Appears in 57 contracts

Samples: Purchase Agreement (CNH Equipment Trust 2024-B), Purchase Agreement (CNH Equipment Trust 2024-B), Purchase Agreement (CNH Equipment Trust 2024-A)

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Creation. Immediately prior to the conveyance of the Receivables pursuant to the Purchase Agreement, CNHICA CNHCA owns and has good and marketable title to, or has a valid security interest in, the Receivables free and clear of any Lien, claim or encumbrance of any Person.

Appears in 41 contracts

Samples: Purchase Agreement (CNH Equipment Trust 2014-A), Purchase Agreement (CNH Equipment Trust 2014-A), Purchase Agreement (CNH Equipment Trust 2013-D)

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