Common use of Lawful Assignment Clause in Contracts

Lawful Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer and assignment of such Receivable or any Receivable under this Agreement, the Liquidity Receivables Purchase Agreement, the Sale and Servicing Agreement or the Indenture is unlawful, void or voidable.

Appears in 57 contracts

Samples: Purchase Agreement (CNH Equipment Trust 2015-C), Purchase Agreement (CNH Equipment Trust 2015-C), Purchase Agreement (CNH Equipment Trust 2015-B)

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Lawful Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer and assignment of such Receivable or any Receivable under this Agreement, the Sale Agreement, the Liquidity Receivables Purchase Agreement, the Sale and Servicing Agreement or the Indenture is unlawful, void or voidable.

Appears in 2 contracts

Samples: Purchase Agreement (CNH Capital Receivables Inc), Purchase Agreement (CNH Receivables Inc)

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