Common use of Receivable in Force Clause in Contracts

Receivable in Force. Each Receivable has not been satisfied, subordinated or rescinded nor has the related Financed Vehicle been released from the lien granted by the Receivable in whole or in part.

Appears in 36 contracts

Samples: Sale Agreement (Huntington Auto Trust 2015-1), Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2015-1)

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Receivable in Force. Each The Receivable has not been satisfied, subordinated or rescinded nor has the related Financed Vehicle been released from the lien granted by the of such Receivable in whole or in part. There are no Liens against the related Financed Vehicle (other than Liens arising pursuant to such Receivable).

Appears in 1 contract

Samples: Loan and Security Agreement (DT Acceptance Corp)

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