Common use of Receivables in Force Clause in Contracts

Receivables in Force. No Receivable has been satisfied, subordinated or rescinded, nor has any Financed Equipment been released from the Lien granted by the related Receivable in whole or in part (other than with respect to equipment released from a Lien in accordance with the Servicing Procedures and replaced with Substitute Equipment).

Appears in 49 contracts

Samples: Purchase Agreement (CNH Capital Receivables LLC), Purchase Agreement (CNH Capital Receivables LLC), Purchase Agreement (CNH Equipment Trust 2015-C)

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Receivables in Force. No Receivable has been satisfied, subordinated or rescinded, nor has any Financed Equipment been released from the Lien granted by the related Receivable in whole or in part (other than with respect to equipment released from a Lien in accordance with the Servicing Procedures and replaced with Substitute EquipmentProcedures).

Appears in 40 contracts

Samples: Purchase Agreement (CNH Equipment Trust 2024-C), Purchase Agreement (CNH Equipment Trust 2024-C), Purchase Agreement (CNH Equipment Trust 2024-B)

Receivables in Force. No Such Receivable has not been satisfied, subordinated or rescinded, nor has any Financed Equipment been released from the Lien granted by the related to secure such Receivable in whole or in part (part, other than with respect to equipment released from Equipment securing a Lien portion of such Receivable for which payment in accordance with the Servicing Procedures and replaced with Substitute Equipment)full has been received.

Appears in 10 contracts

Samples: Receivables Sale Agreement (GE TF Trust), Receivables Sale Agreement (GE TF Trust), Receivables Sale Agreement (GE TF Trust)

Receivables in Force. No Receivable has been satisfied, subordinated or rescinded, nor has any Financed Equipment been released from the Lien granted by the related Receivable in whole or in part (other than with respect to equipment released from a Lien in accordance with the Servicing Procedures and replaced with Substitute Equipment)part.

Appears in 5 contracts

Samples: Purchase Agreement (CNH Equipment Trust 2007-A), Purchase Agreement (CNH Equipment Trust 2005-B), Purchase Agreement (CNH Equipment Trust 2006-B)

Receivables in Force. No Receivable has been satisfied, subordinated or rescinded, nor has any Financed Equipment been released from the Lien granted by the related Receivable in whole or in part (other than with respect to equipment released from a Lien in accordance with the Servicing Procedures and replaced with Substitute Equipment).Procedures

Appears in 5 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2022-B), Asset Representations Review Agreement (CNH Equipment Trust 2022-A), Asset Representations Review Agreement (CNH Equipment Trust 2022-A)

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Receivables in Force. No Such Receivable has not been satisfied, subordinated or rescinded, nor has any Financed the related Equipment been released from the Lien granted by the related to secure such Receivable in whole or in part (other than with respect to equipment released from a Lien in accordance with the Servicing Procedures and replaced with Substitute Equipment)part.

Appears in 4 contracts

Samples: Receivables Purchase and Sale Agreement (GE Equipment Midticket LLC, Series 2012-1), Receivables Sale Agreement (GE Equipment Midticket LLC, Series 2012-1), Receivables Sale Agreement (GE Equipment Midticket LLC, Series 2012-1)

Receivables in Force. No Related Receivable has been satisfied, subordinated or rescinded, nor has any related Financed Equipment been released from the Lien lien granted by with respect to the related Related Receivable in whole or in part (other than with respect to equipment released from a Lien in accordance with the Servicing Procedures and replaced with Substitute Equipment)part.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gehl Co)

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