No Repossession. No Financed Vehicle has been repossessed without reinstatement as of the Cutoff Date.
No Repossession. No Financed Vehicle has been repossessed without reinstatement as of the Cutoff Date. Test 12-1: Repossession Inventory Observe TMCC’s receivables systems and confirm the Receivable was not held in repossession inventory as of the Cutoff Date.
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. 716542789 15481814 I-4 Schedule I to the Sale and Servicing Agreement If to the Issuer: c/o Wells Fargo Delaware Trust Company, National Association 000 Xxxxx Xxxxxx Xxxxxx, Xxxxx 0000 Xxxxxxxxxx, Xxxxxxxx 00000 Attention: Corporate Trust Administration Telephone: (000) 000-0000 Facsimile: (000) 000-0000 with copies to the Administrator, USAA Federal Savings Bank and the Indenture Trustee If to the Owner Trustee: Xxxxx Fargo Delaware Trust Company, National Association 000 Xxxxx Xxxxxx Xxxxxx, Xxxxx 0000 Xxxxxxxxxx, Xxxxxxxx 00000 Telecopier No.: (000) 000-0000 Attention: Xxxxxx Xxxxxxxxx If to the Indenture Trustee: U.S. Bank National Association 000 X. XxXxxxx Street, 7th Floor Chicago, Illinois 60603 Attention: USAA 2015-1 If to the Bank, the Servicer or the Administrator: USAA Federal Savings Bank 00000 XxXxxxxxx Xxxxxxx San Antonio, Texas 78288 Attention: Xxxxx X. Xxxxxx, Vice President, Treasurer If to the Seller: USAA Acceptance, LLC 0000 Xxxxxxxxx Xxxx. Xxxxx 000 Xxx Xxxxxxx, Xxxxx 00000 Attention: Xxxxx X. Xxxxxx, Vice President, Treasurer 716542789 15481814 II-1 Schedule II to the Sale and Servicing Agreement If to Moody’s: Xxxxx’x Investors Service, Inc. 7 World Trade Center 000 Xxxxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Telecopier No.: (000) 000-0000 Attention: ABS Monitoring Group If to Standard & Poor’s: Standard & Poor’s Ratings Services 00 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Telecopier No.: (000) 000-0000 Attention: Asset Backed Surveillance Group 716542789 15481814 II-2 Schedule II to the Sale and Servicing Agreement For value received, in accordance with the Sale and Servicing Agreement (the “Agreement”), dated as of July 29, 2015, between USAA Auto Owner Trust 2015-1, a Delaware statutory trust (the “Issuer”), USAA Acceptance, LLC, a Delaware limited liability company (the “Seller”), USAA Federal Savings Bank, a federally chartered savings association (the “Bank”), and U.S. Bank National Association, a national banking association, as indenture trustee, on the terms and subject to the conditions set forth in the Agreement, the Seller does hereby transfer, assign, set over, sell and otherwise convey to the Issuer without recourse (subject to the obligations in the Agreement) on the Closing Date, all of its right, title and interest in, to and under the Receivables set forth on the schedule of Receivables delivered by the Seller to the Issuer on the date hereof, the ...
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed.
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. In addition to the representations, warranties and covenants contained in the Purchase Agreement, VCI hereby represents, warrants, and covenants to the Purchaser as follows on the Closing Date:
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. In addition to the representations, warranties and covenants contained in the Agreement, the Bank hereby represents, warrants and covenants to the Purchaser as follows on the Closing Date:
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. Schedule I-4 Schedule I to the Purchase Agreement In addition to the representations, warranties and covenants contained in the Purchase Agreement, VCI hereby represents, warrants and covenants to the Purchaser as follows on the Closing Date:
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. If to the Issuer: with copies to the Administrator, VW Credit, Inc., and the Indenture Trustee If to the Owner Trustee: with a copy to If to the Indenture Trustee: If to Purchaser: Volkswagen Auto Lease/Loan Underwritten Funding, LLC 0000 Xxxxxxxxx Xxxxxxx Drive Herndon, Virginia 20171 (telecopier no. (000) 000-0000) Attention: Treasurer If to the Servicer: VW Credit, Inc. 0000 Xxxxxxxxx Xxxxxxx Drive Herndon, Virginia 20171 (telecopier no. (000) 000-0000) Attention: Treasurer with a copy to VW Credit, Inc. If to VCI: VW Credit, Inc. 0000 Xxxxxxxxx Xxxxxxx Drive Herndon, Virginia 20171 (telecopier no. (000) 000-0000) Attention: Treasurer with a copy to VW Credit, Inc. If to VW Credit, Inc.: VW Credit, Inc. 0000 Xxxxxxxxx Xxxxxxx Drive Herndon, Virginia 20171 (telecopier no. (000) 000-0000) Attention: General Counsel For value received, in accordance with the Sale and Servicing Agreement (the “Agreement”), dated as of [ ], between Volkswagen Auto Loan Enhanced Trust 20[ ]-[ ], a Delaware statutory trust (the “Issuer”), Volkswagen Auto Lease/Loan Underwritten Funding, LLC, a Delaware limited liability company (the “Seller”), VW Credit, Inc., a Delaware corporation (“VCI”), and [ ], a national banking association (the “Indenture Trustee”), on the terms and subject to the conditions set forth in the Agreement, the Seller does hereby transfer, assign, set over, sell and otherwise convey to the Issuer on [ ], all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the Receivables set forth on the schedule of Receivables delivered by the Seller to the Issuer on the date hereof, the Collections after the Cut-Off Date, the Receivable Files and the Related Security relating thereto, together with all of Seller’s rights under the Purchase Agreement and all proceeds of the foregoing; which sale shall be effective as of the Cut-Off Date. The foregoing sale does not constitute and is not intended to result in any assumption by the Issuer of any obligation of the Originator to the Obligors, the Dealers or any other Person in connection with the Receivables, or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. This assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Agreement and is governed by the Agreement. Capit...
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. In addition to the representations, warranties and covenants contained in the Agreement, FTH LLC hereby represents, warrants, and covenants to the Purchaser as follows on the Closing Date:
No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. 708317988 14443670 Schedule I-4 Purchase Agreement (USAA 2014-1) In addition to the representations, warranties and covenants contained in the Agreement, the Bank hereby represents, warrants and covenants to the Purchaser as follows on the Closing Date:
