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 under this Agreement, or pursuant to the Receivables Purchase Agreement or the pledge of such Receivable under the Indenture are unlawful, void or voidable. The terms of each Receivable do not limit the right of the owner of such Receivable to sell such Receivable.

Appears in 69 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2024-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-a Owner Trust)

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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 under this Agreement, or pursuant to the Receivables Purchase Sale and Servicing Agreement or the pledge of such Receivable under the Indenture are unlawful, void or voidable. The terms of each Receivable do not limit the right of the owner of such Receivable to sell such Receivable.

Appears in 66 contracts

Samples: Receivables Purchase Agreement (Toyota Auto Receivables 2024-B Owner Trust), Form of Receivables Purchase Agreement (Toyota Auto Receivables 2024-B Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2024-a Owner Trust)

Lawful Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer transfer, and assignment of such Receivable under this Agreement, Agreement or pursuant to transfers of the Receivables Purchase Agreement or the pledge of such Receivable under the Indenture are Securities shall be unlawful, void void, or voidable. The terms Seller has not entered into any agreement with any account debtor that prohibits, restricts or conditions the assignment of each Receivable do not limit the right any portion of the owner of such Receivable to sell such ReceivableReceivables.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

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 under this Agreement, or pursuant to the Receivables Purchase Sale and Servicing Agreement or the pledge of such Receivable under the Indenture are unlawful, void or voidable. The terms of each Receivable do not limit the right of the owner of such Receivable to sell such Receivable.. (xvi)

Appears in 2 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement

Lawful Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under the laws of which would make unlawful, void or voidable the sale, transfer and assignment of such Receivable under this Agreement, the Subsequent Purchase Agreement, the Subsequent Transfer Agreement or pursuant to the Receivables Purchase Agreement Sale and Servicing Agreement, as applicable, or the pledge of such Receivable under the Indenture are unlawful, void or voidable. The terms of each Receivable do not limit the right of the owner of such Receivable to sell such ReceivableIndenture.

Appears in 2 contracts

Samples: Subsequent Purchase Agreement (BMW Vehicle Owner Trust 2001-A), Subsequent Purchase Agreement (BMW Vehicle Owner Trust 2001-A)

Lawful Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer transfer, assignment and assignment conveyance of such Receivable under this Agreement, or pursuant to the Receivables Purchase Agreement or this Agreement or the pledge of such Receivable under the Indenture are is unlawful, void or voidablevoidable or under which such Receivable would be rendered void or voidable as a result of any such sale, transfer, assignment, conveyance or pledge. The terms of each Receivable do Seller has not limit entered into any agreement with any account debtor that prohibits, restricts or conditions the right assignment of the owner of such Receivable to sell such ReceivableReceivables.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Lawful Assignment. No Receivable has been originated in, or is ----------------- subject to the laws of, any jurisdiction under which the sale, transfer transfer, assignment and assignment conveyance of such Receivable under this Agreement, or pursuant to the Receivables Purchase Agreement or this Agreement or the pledge of such Receivable under the Indenture are is unlawful, void or voidablevoidable or under which such Receivable would be rendered void or voidable as a result of any such sale, transfer, assignment, conveyance or pledge. The terms of each Receivable do Seller has not limit entered into any agreement with any account debtor that prohibits, restricts or conditions the right assignment of the owner of such Receivable to sell such ReceivableReceivables.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

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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 transfer, and assignment of such Receivable under this Agreement, or pursuant to the Receivables Purchase Agreement or the pledge of such Receivable under the Indenture are shall be unlawful, void void, or voidable. The terms Seller has not entered into any contract, agreement or arrangement with any account debtor that prohibits, restricts or conditions the assignment of each Receivable do not limit the right any portion of the owner Receivables (except in respect of which the required consent to such assignment or waiver of such Receivable prohibition, restrictions or conditions to sell such ReceivableAssignment have been obtained).

Appears in 1 contract

Samples: Sale and Servicing Agreement (Clark/Bardes Inc)

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 under this Agreement, or pursuant to the Receivables Purchase Sale and Servicing Agreement or the pledge of such Receivable under the Indenture are 10 unlawful, void or voidable. The terms of each Receivable do not limit the right of the owner of such Receivable to sell such Receivable.. (xvi)

Appears in 1 contract

Samples: Receivables Purchase Agreement

Lawful Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer transfer, assignment and assignment conveyance of such Receivable under this Agreement, Agreement or pursuant to the Receivables Purchase Sale and Servicing Agreement or the pledge of such Receivable hereunder or under the Indenture are is unlawful, void or voidablevoidable or under which such Receivable would be rendered void or voidable as a result of any such sale, transfer, assignment, conveyance or pledge. The terms of each Receivable do Seller has not limit entered into any agreement with any account debtor that prohibits, restricts or conditions the right assignment of the owner of such Receivable to sell such ReceivableReceivables.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pooled Auto Securities Shelf LLC)

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, or pursuant to the Receivables Purchase Agreement Agreement, or the pledge of such Receivable under the Indenture are is unlawful, void or voidable. The terms of each Receivable do not limit the right of the owner of such Receivable to sell such Receivable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

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