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

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 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 THE SERVICER

Appears in 2 contracts

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

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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 the Certificates, Class B Notes of any class 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. ARTICLE VII THE SERVICER.

Appears in 1 contract

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

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

Appears in 1 contract

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

Seller May Own Certificates or Notes. The Seller will own the Certificates, and the Seller and any Affiliate thereof of the Seller may in its individual or any other capacity become the owner or pledgee of the Certificates or 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 otherwise provided in any the Basic DocumentDocuments. ARTICLE VII THE SERVICERCertificates or 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 will own the Certificates, and ------------------------------------ any Affiliate of the Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of the Certificates or Notes of any class 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. ARTICLE VII THE SERVICER.

Appears in 1 contract

Samples: Loan Sale Agreement (Signet Bank Maryland)

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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 the Certificates or 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 SERVICERNotes 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 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 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 THE SERVICER.

Appears in 1 contract

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

Seller May Own Certificates or Notes. The Seller will own the Certificates, and the Seller and any Affiliate thereof of the Seller may in its individual or any other capacity become the owner or pledgee of the Certificates or 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 otherwise provided in any the Basic DocumentDocuments. ARTICLE VII THE SERVICERCertificates or 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)

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