Possession of Receivables. For a Receivable that is “tangible chattel paper,” the Issuer has in its possession, directly or through its agents, the original copy of the Receivable that is or evidences part of the Collateral, and the Receivable does not have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than the Indenture Trustee. For a Receivable that is “electronic chattel paper,” the Issuer has “control” of the sole “authoritative copy” (each within the meaning of the applicable UCC) of the Receivable and has not communicated an authoritative copy of the Receivable that constitutes or evidences part of the Collateral to any Person other than the Indenture Trustee.
Possession of Receivables. For Receivables that are “tangible chattel paper,” the Depositor has in its possession, directly or through their agents, all original copies of the Receivable that constitute or evidence part of the Sold Property, and these Receivables do not have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Issuer. For Receivables that are “electronic chattel paper,” the Depositor has not communicated an authoritative copy of any Receivable that constitutes or evidences part of the Sold Property to any Person other than the Issuer.
Possession of Receivables. For Receivables that are “tangible chattel paper,” the Issuer has in its possession, directly or through its agents, all original copies of the Receivables that constitute or evidence part of the Collateral, and these Receivables do not have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Indenture Trustee. For Receivables that are “electronic chattel paper,” the Issuer has not communicated an authoritative copy of any Receivable that constitutes or evidences part of the Collateral to any Person other than the Indenture.
