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Common use of No Defenses Clause in Contracts

No Defenses. No facts shall be known to the Seller which would give rise to any right of rescission, setoff, counterclaim or defense, nor shall the same have been asserted or threatened, with respect to any Receivable.

Appears in 243 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC), Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust)

No Defenses. No facts shall be known to the Seller which would give rise to any right of rescission, setoff, counterclaim or defense, nor shall the same have been asserted or threatened, with respect to any Subsequent Receivable.

Appears in 2 contracts

Samples: Transfer Agreement (Fleetwood Credit Receivables Corp), Standard Terms and Conditions of Agreement (Fleetwood Credit Receivables Corp)

No Defenses. No facts shall be known to the Seller which that would give rise to any right of rescission, setoff, counterclaim or defense, nor shall the same have been asserted or threatened, threatened with respect to any Subsequent Receivable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fleetwood Credit Receivables Corp)

No Defenses. No facts shall be known to the Seller which that would give rise to any right of rescission, setoff, counterclaim or defense, nor shall the same have been asserted or threatened, with respect to any Receivable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fleetwood Credit Receivables Corp)

No Defenses. No facts shall be are known to the Seller which that would give rise to any right of rescission, setoff, counterclaim or defense, nor shall the same have been asserted or threatened, with respect to any Receivable.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Bond Securitization LLC)