Common use of Repossession Clause in Contracts

Repossession. As of the Cut-off Date, according to the records of NMAC, the Financed Vehicle related to such Receivable has not been repossessed and the possession thereof not reinstated. Servicing System Records/Data File i) Confirm the Financed Vehicle was not marked as repossessed as of the Cut-Off Date ii) If Step (i) is confirmed, it will be a Test Pass

Appears in 30 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables Corp Ii)

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Repossession. As of the Cut-off Date, according to the records of NMAC, the Financed Vehicle related to such Receivable has not been repossessed and the possession thereof not reinstated. Servicing System Records/Data File i) Confirm the Financed Vehicle was not marked as repossessed as of the Cut-Off Date ii) If Step step (i) is confirmed, it will be a Test Pass

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-a Owner Trust)

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