Common use of No Force Placed Insurance Clause in Contracts

No Force Placed Insurance. As of the close of business on the Initial Cutoff Date with respect to Initial Receivables and each Subsequent Cutoff Date with respect to Subsequent Receivables, each Receivable was secured by a Financed Vehicle that was not insured by a force placed insurance policy or any vendor's single interest and non-filing insurance policy.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)

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No Force Placed Insurance. As of the close of business on the Initial ------------------------- Cutoff Date with respect to Initial Receivables and each Subsequent Cutoff Date with respect to Subsequent Receivables, each Receivable was secured by a Financed Vehicle that was not insured by a force placed insurance policy or any vendor's single interest and non-filing insurance policy.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

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