Common use of Physical Damage Insurance Clause in Contracts

Physical Damage Insurance. The Servicer shall follow its customary practices and procedures to determine whether or not each Obligor shall have maintained physical damage insurance covering the related Financed Vehicle.

Appears in 124 contracts

Samples: Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (CarMax Auto Owner Trust 2024-4)

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Physical Damage Insurance. The Servicer shall follow its customary practices and servicing procedures to determine whether or not each Obligor shall have maintained physical damage insurance covering the related Financed Vehicle.

Appears in 33 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2)

Physical Damage Insurance. The Servicer shall follow its customary practices and servicing procedures to determine whether or not each Obligor shall have maintained obtained physical damage insurance covering the related Financed Vehicle.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Daimler Benz Vehicle Receivables Corp), Sale and Servicing Agreement (Daimler Benz Vehicle Receivables Corp)

Physical Damage Insurance. The Servicer shall follow its ------------------------- customary practices and procedures to determine whether or not each Obligor shall have maintained physical damage insurance covering the related Financed Vehicle.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

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Physical Damage Insurance. The Servicer shall follow ------------------------- its customary practices and procedures to determine whether or not each Obligor shall have maintained physical damage insurance covering the related Financed Vehicle.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

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