Seller May Own Certificate or Notes. The Seller will own the Certificate on the Closing Date, and the Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of the Notes of any class with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided in any Basic Document.
Appears in 106 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2025-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2025-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-D Owner Trust)
Seller May Own Certificate or Notes. The Seller will own the Certificate on the Closing DateCertificate, and the Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of the Notes of any class with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided in any Basic Document.
Appears in 12 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC), Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC), Sale and Servicing Agreement (Toyota Auto Finance Receivables LLC)
Seller May Own Certificate or Notes. The Seller will own the Certificate on the Closing DateCertificate, and the Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of the Notes of any class with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided in any Basic Document.. ARTICLE VII
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)