Common use of Maintenance of Insurance Policies Clause in Contracts

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track such physical damage insurance with respect to each Receivable.

Appears in 101 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2024-1), Servicing Agreement (Ally Auto Receivables Trust 2024-1), Servicing Agreement (Ally Auto Receivables Trust 2023-1)

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Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track monitor such physical damage insurance with respect to each Receivable.

Appears in 35 contracts

Samples: Pooling and Servicing Agreement, Servicing Agreement (Ally Auto Receivables Trust 2011-5), Servicing Agreement (Ally Auto Receivables Trust 2011-5)

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, track monitor such physical damage insurance with respect to each Receivable.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, require that each Obligor under a Receivable shall have obtained physical damage insurance covering the each Financed Vehicle as of the execution of such Receivable, unless the related Servicer has in accordance with its customary procedures permitted an Obligor to self-insure the Financed Vehicle or Financed Vehicles securing such Receivable. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, track monitor such physical damage insurance with respect to each Financed Vehicle that secures or is related to each Receivable.

Appears in 8 contracts

Samples: Servicing Agreement (Navistar Financial Corp), Servicing Agreement (Navistar Financial Corp), Servicing Agreement (Navistar Financial Corp)

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the each Financed Vehicle as of the execution of the related Receivable, unless the Servicer has in accordance with its customary procedures permitted an Obligor to self-insure the Financed Vehicle or Financed Vehicles securing such Receivable. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, track monitor such physical damage insurance with respect to each Financed Vehicle that secures each Receivable.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Transfer and Administration Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Insurance Policies. The Servicer shall, in --------------------------------- accordance with its customary practices, policies and servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the each Financed Vehicle as of the execution of the related Receivable, unless the Servicer has in accordance with its customary procedures permitted an Obligor to self-insure the Financed Vehicle or Financed Vehicles securing such Receivable. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, track monitor such physical damage insurance with respect to each Financed Vehicle that secures each Receivable.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, is not obligated to track such physical damage insurance with respect to each Receivable.

Appears in 2 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2024-2), Servicing Agreement (Ally Auto Receivables Trust 2024-2)

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the each Financed Vehicle as of the execution of the related Receivable, unless the Servicer has in accordance with its customary servicing procedures permitted an Obligor to self-insure the Financed Vehicle or Financed Vehicles securing such Receivable. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, track monitor such physical damage insurance with respect to each Financed Vehicle that secures each Receivable.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Navistar Financial Retail Receivables Corp), Receivables Purchase Agreement (Navistar Financial Corp)

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Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track such physical damage insurance with respect to each Receivable.the

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Maintenance of Insurance Policies. The Servicer shallshall , in accordance with its customary practices, policies and servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, track monitor such physical damage insurance with respect to each Receivable.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary servicing practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track monitor such physical damage insurance with respect to each Receivable.

Appears in 1 contract

Samples: Servicing Agreement (Banc of America Securities Auto Trust 2006-G1)

Maintenance of Insurance Policies. The Servicer shall, in accordance with its customary practices, policies and proceduresCustomary Servicing Procedures, require that each Obligor shall have obtained physical damage insurance covering the each Financed Vehicle as of the execution of the related Receivable, unless the Servicer has in accordance with its Customary Servicing Procedures permitted an Obligor to self-insure the Financed Vehicle or Financed Vehicles securing such Receivable. The Servicer shall, in accordance with its customary practicesCustomary Servicing Procedures, policies and procedures, track monitor such physical damage insurance with respect to each Financed Vehicle that secures each Receivable.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Insurance Policies. The Servicer shall, in --------------------------------- accordance with its customary practices, policies and servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the each Financed Vehicle as of the execution of the related Receivable, unless the Servicer has in accordance with its customary servicing procedures permitted an Obligor to self- insure the Financed Vehicle or Financed Vehicles securing such Receivable. The Servicer shall, in accordance with its customary practices, policies and servicing procedures, track monitor such physical damage insurance with respect to each Financed Vehicle that secures each Receivable.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Navistar Financial Retail Receivables Corporation)

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