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 26 contracts

Samples: Sale Agreement (Capital One Prime Auto Receivables Trust 2024-1), Sale Agreement (Capital One Prime Auto Receivables Trust 2023-2), Sale Agreement (Capital One Prime Auto Receivables Trust 2023-2)

AutoNDA by SimpleDocs

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 Auto Owner Trust 2002-B), Sale and Servicing Agreement (Chase Manhattan Auto Trust 2004-A), Sale and Servicing Agreement (Chase Manhattan Bank Usa Chase Manhattan Auto Owner Tr 03 C)

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)

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 2 contracts

Samples: Sale Agreement, Sale Agreement

AutoNDA by SimpleDocs

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 Certificates [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 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 1 contract

Samples: Sale and Servicing Agreement (Chase Manhattan Bank Usa National Association)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!