Lawful Assignment. The terms of the Receivable do not limit the right of the owner of the Receivable to sell the Receivable. Review Materials: (a) Installment sale contract Tests: (a) Review the contract and confirm that there is no language present that limits the rights of the owner of the Receivable to sell the Receivable. (b) If (a) is confirmed, then Test Pass.
Appears in 65 contracts
Samples: Asset Representations Review Agreement (Honda Auto Receivables 2024-4 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-4 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-3 Owner Trust)
