Common use of Receivables in Force Clause in Contracts

Receivables in Force. As of the Cutoff Date, no Receivable has been satisfied, nor has any Financed Vehicle been released in whole or in part from the lien granted by the related Receivable.

Appears in 144 contracts

Sources: Sale and Servicing Agreement (Toyota Auto Receivables 2026-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2026-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2025-D Owner Trust)

Receivables in Force. As of the Cutoff Date, no Receivable has been satisfied, subordinated or rescinded, nor has any the related Financed Vehicle been released in whole or in part from the lien Lien granted by the related such Receivable.

Appears in 94 contracts

Sources: Receivables Purchase Agreement (CarMax Select Receivables Trust 2026-A), Receivables Purchase Agreement (CarMax Select Receivables Trust 2026-A), Receivables Purchase Agreement (CarMax Auto Owner Trust 2026-1)

Receivables in Force. As of the Cutoff Date, no Receivable has been satisfied, subordinated or rescinded, nor has any Financed Vehicle been released from the Lien granted by the related Receivable in whole or in part from the lien granted by the related Receivablepart.

Appears in 15 contracts

Sources: Purchase Agreement (Ford Credit Auto Owner Trust 2014-A), Purchase Agreement (Ford Credit Auto Owner Trust 2014-A), Purchase Agreement (Ford Credit Auto Owner Trust 2013-D)

Receivables in Force. As of the Cutoff Date, no Receivable has been satisfied, subordinated or rescinded, nor has any Financed Vehicle been released from the Lien granted by the Receivable in whole or in part from the lien granted by the related Receivablepart.

Appears in 8 contracts

Sources: Purchase Agreement (Ford Credit Auto Owner Trust 2015-B), Purchase Agreement (Ford Credit Auto Owner Trust 2015-B), Purchase Agreement (Ford Credit Auto Owner Trust 2015-A)

Receivables in Force. As of the Cutoff Date, no Receivable has been satisfied, subordinated or rescinded, nor has any the related Financed Vehicle been released in whole or in part from the lien Lien granted by the related Receivable.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (Carmax Auto Funding LLC)