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

Seller May Own Notes or Certificates. Subject to the provisions of the Sale and Servicing Agreement, Seller and any Affiliate of Seller may in their individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they would have if they were not Seller or an Affiliate thereof.

Appears in 36 contracts

Samples: Purchase Agreement (Exeter Automobile Receivables Trust 2024-3), Purchase Agreement (Exeter Automobile Receivables Trust 2024-3), Purchase Agreement (Exeter Automobile Receivables Trust 2024-2)

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Seller May Own Notes or Certificates. Subject to the provisions of the Sale and Servicing Agreement, Seller and any Affiliate of Seller may in their its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they it would have if they it were not Seller or an Affiliate thereof.

Appears in 5 contracts

Samples: Purchase Agreement (Advanta Automobile Receivables Trust 1997-1), Purchase Agreement (Advanta Automobile Receivables 1998-1), Purchase Agreement (Americredit Financial Services Inc)

Seller May Own Notes or Certificates. Subject to the provisions of the Sale and Servicing AgreementThe Seller, Seller and any Affiliate of Seller the Seller, may in their its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they it would have if they it were not the Seller or an Affiliate thereof.Affiliate

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ford Motor Credit Co), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P)

Seller May Own Notes or Certificates. Subject to the ------------------------------------ provisions of the Sale and Servicing Agreement, the Trust Agreement, the Indenture and the Insurance Agreement, Seller and any Affiliate of Seller may in their its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they it would have if they it were not Seller or an Affiliate thereof.

Appears in 2 contracts

Samples: Purchase Agreement (TFC Enterprises Inc), Purchase Agreement (TFC Enterprises Inc)

Seller May Own Notes or Certificates. Subject to the provisions of the Sale and Servicing AgreementThe Seller, Seller and any Affiliate of Seller the Seller, may in their its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they it would have if they it were not the Seller or an Affiliate thereof.Affili-

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Motor Credit Co)

Seller May Own Notes or Certificates. Subject to ------------------------------------ the provisions of the Sale and Servicing Agreement, the Trust Agreement, the Indenture and the Insurance Agreement, Seller and any Affiliate of Seller may in their its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they it would have if they it were not Seller or an Affiliate thereof.

Appears in 1 contract

Samples: Purchase Agreement (TFC Enterprises Inc)

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Seller May Own Notes or Certificates. Subject to the provisions of the Sale and Servicing AgreementThe Seller, Seller and any Affiliate of Seller the Seller, may in their its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they it would have if they it were not the Seller or an Affiliate thereof., except as otherwise expressly provided herein or in the other Basic Documents. Except as set

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P)

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

Appears in 1 contract

Samples: Sale and Servicing Agreement (Daimler Benz Vehicle Receivables Corp)

Seller May Own Notes or Certificates. Subject to the provisions of the Sale and Servicing AgreementThe Seller, Seller and any Affiliate of Seller the Seller, may in their its individual or any other capacity become the owner or pledgee of Notes or Certificates with the same rights as they it would have if they it were not the Seller or an Affiliate thereof., except as otherwise expressly provided herein or in the other Basic Documents. Except as set forth herein or in the other Basic Documents, Notes and Certificates so owned by or pledged to the Seller or any such Affili-

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P)

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