Common use of Liens in Force Clause in Contracts

Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted by such Receivable, except upon payment in full of such Receivable or as otherwise contemplated herein.

Appears in 34 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A)

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Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted by such Receivable, except upon payment in full of such Receivable or as otherwise contemplated herein.;

Appears in 16 contracts

Samples: Sale and Servicing Agreement (Hyundai Abs Funding Corp), Sale and Servicing Agreement (Hyundai Abs Funding Corp), Sale and Servicing Agreement (National City Auto Receivables Trust 2002-A)

Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted by such Receivablethe related Obligor, except upon payment in full of such Receivable (subject to any Small Balance Waiver), or as otherwise contemplated hereinby this Agreement or by Applicable Law.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2018-1), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2017-1)

Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted by such Receivablethe Obligor, except upon payment in full of such Receivable (subject to any Small Balance Waiver) or as otherwise contemplated hereinherein or in accordance with the Servicing Standard.

Appears in 11 contracts

Samples: Sale and Servicing Agreement, Sale and Servicing Agreement (California Republic Auto Receivables Trust 2015-2), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2015-1)

Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted by such the Receivable, except upon payment in full of such the Receivable or as otherwise contemplated herein.;

Appears in 5 contracts

Samples: Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp)

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Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted by such Receivable, except upon payment in full of such Receivable or as otherwise contemplated herein.consistent with the Servicer's customary policies and procedures in accordance with the Servicing Standard;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Sale and Servicing Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1)

Liens in Force. No Financed Vehicle securing a Receivable -------------- shall be released in whole or in part from the security interest granted by such Receivable, except upon payment in full of such Receivable or as otherwise contemplated herein.;

Appears in 1 contract

Samples: Sale and Servicing Agreement (SSB Vehicle Securities Inc)

Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted by such Receivable, except upon payment in full of such Receivable by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices or in connection with repossession or except as otherwise contemplated herein.may be required by an insurer in order to receive proceeds from any insurance policy covering such Financed Vehicle;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fifth Third Auto Trust 2004-A)

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