No Defenses. To the Seller’s knowledge, as of the Closing Date, no Receivable is subject to any right of rescission, setoff, counterclaim or defense, nor has any such right been asserted or threatened with respect to any Receivable.
Appears in 135 contracts
Samples: Receivables Purchase Agreement (Toyota Auto Receivables 2024-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-B Owner Trust), Form of Receivables Purchase Agreement (Toyota Auto Receivables 2024-B Owner Trust)