Securitized Receivables Obligations. Notwithstanding the foregoing provisions of this Article 7, after a Dealer Termination CNHi Capital may determine to liquidate or realize upon any Securitized Receivables and related Collateral Security without exercising its rights or remedies under this Agreement if CNHi Capital determines that it is obligated to do so or if it determines that the proceeds of realization of any Securitized Receivables and Collateral Security would greater than the proceeds realizable under this Agreement or otherwise.
Appears in 7 contracts
Samples: Wholesale and Parts Financing Agreement (CNH Industrial Capital LLC), Wholesale and Parts Financing Agreement (CNH Industrial Capital LLC), Wholesale and Parts Financing Agreement (CNH Industrial Capital LLC)
Securitized Receivables Obligations. Notwithstanding the foregoing provisions of this Article 7, after a Dealer Termination CNHi CNH Capital may determine to liquidate or realize upon any Securitized Receivables and related Collateral Security without exercising its rights or remedies under this Agreement if CNHi CNH Capital determines that it is obligated to do so or if it determines that the proceeds of realization of any Securitized Receivables and Collateral Security would greater than the proceeds realizable under this Agreement or otherwise.
Appears in 2 contracts
Samples: Wholesale and Parts Financing Agreement, Wholesale and Parts CNH Capital Financing Agreement (New Holland Credit Company, LLC)
