Common use of Seller May Own Certificates or Notes Clause in Contracts

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document.

Appears in 6 contracts

Samples: Master Servicing Agreement (Structured Asset Mortgage Investments Inc), Master Servicing Agreement (Structured Asset Mortgage Investments Inc), Sale and Servicing Agreement (Oxford Resources Corp)

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Seller May Own Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Toyota Motor Credit Receivables Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any other Basic Document.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Key Bank Usa National Association), Sale and Servicing Agreement (Mellon Bank N A), Sale and Servicing Agreement (Key Bank Usa National Association)

Seller May Own Certificates or Notes. The Seller will own the Certificates, and the Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or 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 herein or in any Basic Document.. ARTICLE VII THE SERVICER

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof of the Seller may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly otherwise provided herein in the Basic Documents. Certificates or in any Basic Document.Notes so owned by or pledged to the Seller or such controlling or commonly controlled Person shall have an equal and

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof of the Seller may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereofof the Seller, except as expressly provided herein or in any other Basic Document.

Appears in 1 contract

Samples: Loan Sale Agreement (Signet Student Loan Trusts)

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates Certificates, Class B Notes or Indenture Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any other Basic Document.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Case Receivables Ii Inc)

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof of the Seller may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document.,

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2000-C Owner Trust)

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Seller May Own Certificates or Notes. The Seller will own the Certificates, and the Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or 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 herein or in any Basic Document.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Toyota Motor Credit Corp)

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document.. Notes or Certificates so owned by the Seller or such

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ml Asset Backed Corp)

Seller May Own Certificates or Notes. The Seller and ------------------------------------ any Affiliate thereof of the Seller may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereofof the Seller, except as expressly provided herein or in any other Basic Document.

Appears in 1 contract

Samples: Loan Sale Agreement (Signet Bank Maryland)

Seller May Own Certificates or Notes. The Seller and any Affiliate thereof of the Seller may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly otherwise provided herein in the Basic Documents. Certificates or in any Basic Document.Notes so owned by or

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp /De)

Seller May Own Certificates or Notes. The Seller and ------------------------------------ any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any Basic Document.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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