Creation. 4. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable by the Seller to the Purchaser, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Purchaser, the Purchaser will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 23 contracts
Samples: Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC), Form of Receivables Purchase Agreement (Toyota Auto Receivables 2014-B Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2014-a Owner Trust)
Creation. 4. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable by the Seller Bank to the Purchaser, the Seller Bank owned and had good and marketable title to such Receivable free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Purchaser, the Purchaser will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 23 contracts
Samples: Purchase Agreement (Usaa Acceptance LLC), Purchase Agreement (Usaa Acceptance LLC), Purchase Agreement (Usaa Acceptance LLC)
Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and and/or conveyance of a Receivable by the Seller Bank to the PurchaserXXXX, the Seller Bank owned and had good and marketable title to such Receivable free and clear of any Lien created by the Bank (other than any Liens in favor of XXXX) and immediately after the sale, transfer, assignment and conveyance of such Receivable to the PurchaserXXXX, the Purchaser XXXX will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 16 contracts
Samples: Purchase Agreement (Capital One Prime Auto Receivables Trust 2022-2), Purchase Agreement (Capital One Prime Auto Receivables Trust 2023-2), Purchase Agreement (Capital One Prime Auto Receivables Trust 2023-2)
Creation. 4. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable by the Seller to the PurchaserDepositor, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Receivable to the PurchaserDepositor, the Purchaser Depositor will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 13 contracts
Samples: Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC)
Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and and/or conveyance of a Receivable by the Seller Bank to the PurchaserDepositor, the Seller Bank owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of the Depositor) and immediately after the sale, transfer, assignment and conveyance of such Receivable to the PurchaserDepositor, the Purchaser Depositor will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 7 contracts
Samples: Receivables Sale Agreement (Huntington Auto Trust 2016-1), Receivables Sale Agreement (Huntington Auto Trust 2016-1), Form Of (Huntington Funding, LLC)
Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and and/or conveyance of a Receivable by the Seller Bank to XXXX the Purchaser, the Seller Bank owned and had good and marketable title to such Receivable free and clear of any Lien created by the Bank (other than any Liens in favor of XXXX) and immediately after the sale, transfer, assignment and conveyance of such Receivable to the PurchaserXXXX, the Purchaser XXXX will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 3 contracts
Samples: Purchase Agreement (Capital One Auto Receivables LLC), Purchase Agreement (Capital One Auto Receivables LLC), Purchase Agreement (Capital One Auto Receivables LLC)
Creation. 4. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable the Receivables by the Seller to the Purchaser, the Seller owned and had good and marketable title to such Receivable Receivables free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Purchaser, the Purchaser will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 1 contract
Samples: Purchase Agreement (Bank of America Auto Receivables Securitization, LLC)
Creation. 4. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable the Receivables by the Seller to the Purchaser, the Seller owned and had good and marketable title to such Receivable Receivables free and clear of any Lien and immediately after the sale, transfer, contribution, assignment and conveyance of such Receivable to the Purchaser, the Purchaser will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 1 contract
Samples: Purchase Agreement (Bank of America Auto Receivables Securitization, LLC)
