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

Seller May Own Notes and Certificates. The Seller, and any Affiliate of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes and Certificates with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as otherwise expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes and Certificates so owned by the Seller or any such Affiliate will have an equal and proportionate benefit under the provisions of this Agreement and the other Transaction Documents, without preference, priority, or distinction as among all of the Notes and Certificates.

Appears in 25 contracts

Samples: Sale Agreement (Capital One Prime Auto Receivables Trust 2023-2), Sale Agreement (Capital One Prime Auto Receivables Trust 2023-2), Sale Agreement (Capital One Prime Auto Receivables Trust 2023-1)

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Seller May Own Notes and Certificates. The Seller, and Seller or any Affiliate of the Seller, its Affiliates may in its individual or any other capacity become the owner or pledgee of Notes and or Certificates with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as otherwise expressly provided herein or in the other Transaction Documentsdefinition of "Outstanding" specified in Section 1.1. Except as set forth herein Notes or in the other Transaction Documents, Notes and Certificates so owned by or pledged to the Seller or any such Affiliate will thereof shall have an equal and proportionate benefit under the provisions of this Agreement and the other Transaction DocumentsAgreement, without preference, priority, or distinction as among all of the Notes and or Certificates, as applicable.

Appears in 15 contracts

Samples: Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 2002-B)

Seller May Own Notes and Certificates. The Seller, and Seller or any Affiliate of the Seller, its Affiliates may in its individual or any other capacity become the owner or pledgee of Notes and or Certificates with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as otherwise expressly provided herein or in the other Transaction Documentsdefinition of “Outstanding” specified in Section 1.1. Except as set forth herein Notes or in the other Transaction Documents, Notes and Certificates so owned by or pledged to the Seller or any such Affiliate will thereof shall have an equal and proportionate benefit under the provisions of this Agreement and the other Transaction DocumentsAgreement, without preference, priority, or distinction as among all of the Notes and or Certificates, as applicable.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Chase Auto Owner Trust 2005-A), Sale and Servicing Agreement (Chase Auto Owner Trust 2005-B)

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Seller May Own Notes and Certificates. The Seller, and any Affiliate of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes and Certificates with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as otherwise expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes and Certificates so owned by the the‌ Seller or any such Affiliate will have an equal and proportionate benefit under the provisions of this Agreement and the other Transaction Documents, without preference, priority, or distinction as among all of the Notes and Certificates.

Appears in 1 contract

Samples: Form of Sale Agreement

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