Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment as of the execution of the Receivable.
Appears in 65 contracts
Samples: Sale and Servicing Agreement (Deere John Capital Corp), Sale and Servicing Agreement (John Deere Receivables LLC), Sale and Servicing Agreement (Deere John Capital Corp)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained to obtain and maintain physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 42 contracts
Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Standard Receivable or Fixed Value Receivable.
Appears in 35 contracts
Samples: Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B), Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and shall maintain physical damage insurance covering the Financed Equipment as of the execution of the ReceivableVehicle.
Appears in 26 contracts
Samples: Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-C Auto Trust)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing proceduresthe Servicing Standard, require that each Obligor shall have obtained physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the Receivablerelated Contract.
Appears in 24 contracts
Samples: Sale and Servicing Agreement, Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2018-1)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 23 contracts
Samples: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Chrysler Financial Services Americas LLC)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Transaction Equipment as of the execution of the Receivable.
Appears in 18 contracts
Samples: Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2005-A), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2008-A)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary prudent servicing procedures, shall require that each Obligor on a Contract shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the date of execution of the ReceivableContract, as may be required in accordance with the Credit Guidelines.
Appears in 13 contracts
Samples: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary prudent servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the date of execution of the ReceivableContract. The Servicer shall, in accordance with its customary servicing procedures, monitor physical damage insurance coverage.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2007-1)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Inc), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Standard Receivable or the Fixed Value Receivable.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Premier Auto Trust 1996-4), Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained and maintain physical loss damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (National City Bank /), Pooling and Servicing Agreement (Ml Asset Backed Corp)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Sale and Servicing Agreement (Citigroup Vehicle Securities Inc)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (National City Bank /), Sale and Servicing Agreement (SSB Vehicle Sec Huntington Auto Trust 2000-A)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment as of the execution of the Receivable.Obligor
Appears in 2 contracts
Samples: Standard Terms and Conditions Agreement (Fleetwood Credit Receivables Corp), Standard Terms and Conditions Agreement (Fleetwood Credit Receivables Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and shall maintain physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable. The Servicer shall be named as a loss payee as Servicer for the Trust on all lender's collateral protection insurance coverage obtained on the Receivables.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bay View Securitization Corp), Pooling and Servicing Agreement (Bay View Securitization Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance ------------------------- with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and maintained physical damage insurance covering the each Financed Equipment Vehicle as of the date of execution of the related Receivable.
Appears in 1 contract
Samples: Standard Terms and Conditions of Agreement (Fleetwood Credit Receivables Corp)
Physical Damage Insurance. The Servicer shall, in accordance ------------------------- with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Boat as of the execution of the Receivable.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Standard Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (World Omni Auto Receivables LLC)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and shall maintain physical damage insurance covering the Financed Equipment Vehicle, and the Servicer shall have obtained and shall maintain lender's collateral protection insurance coverage, each as of the execution of the Receivable. The Servicer shall be named as a loss payee as Servicer for the Trust on all lender's collateral protection insurance coverage obtained on the Receivables.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bay View Securitization Corp)
Physical Damage Insurance. The Servicer shall, in ------------------------- accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Asset Backed Securities Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance ------------------------- with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Physical Damage Insurance. The Servicer shall, in ------------------------- accordance with its customary servicing procedures, require that each Obligor shall have obtained to obtain and maintain physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (SSB Vehicle Securities Inc)
Physical Damage Insurance. [The Servicer shallServicer, in accordance with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing proceduresCustomary Servicing Practices, require that each Obligor shall have obtained physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Fifth Third Auto Trust 2004-A)
Physical Damage Insurance. The Servicer shall, in ------------------------- accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
