Common use of Seller May Own Notes Clause in Contracts

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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 137 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2024-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2024-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2024-3 Owner Trust)

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Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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. The Seller shall not own any Certificates unless the Rating Agency Condition is satisfied.

Appears in 25 contracts

Samples: Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2002 A), Sale and Servicing Agreement (Premier Auto Trust 1998-2), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2000 A)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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. The Seller shall not own any Notes unless the Rating Agency Condition is satisfied.

Appears in 16 contracts

Samples: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-B)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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. Notes so owned by or pledged to the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all Classes of the Notes.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp), Sale and Servicing Agreement (Onyx Acceptance Financial Corp)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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 6 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2005-A)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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. Notes so owned by or pledged to the Seller or such Affiliate shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Notes.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Auto Nations Receivables Corp), Sale and Servicing Agreement (Auto Nations Receivables Corp), Sale and Servicing Agreement (Auto Nations Receivables Corp)

Seller May Own Notes. The Seller Seller, and any Affiliate thereof of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes 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 so owned by the Seller or any other Basic Document.such Affiliate will have

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2020-3), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2020-3), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2020-1)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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 SIX

Appears in 3 contracts

Samples: Sale and Servicing Agreement (American Honda Receivables Corp Honda Auto Rec 03 4 Owner Tr), Sale and Servicing Agreement (American Honda Receivables Corp), Sale and Servicing Agreement (Honda Auto Receivables 2001-3 Owner Trust)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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. The Seller shall not own any [Notes][Certificates] unless the Rating Agency Condition is satisfied.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (DaimlerChrysler Financial Services Americas LLC), Sale and Servicing Agreement (DaimlerChrysler Financial Services Americas LLC), Sale and Servicing Agreement (DaimlerChrysler Financial Services Americas LLC)

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

Appears in 2 contracts

Samples: Loan Sale Agreement (Wells Fargo Student Loans Receivables I LLC), Loan Sale Agreement (Wells Fargo Student Loans Receivables I LLC)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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 Six

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2021-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2021-1 Owner Trust)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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.. The Seller shall not own any Certificates unless the Rating Agency Condition is satisfied. The Servicer

Appears in 1 contract

Samples: Sale and Servicing Agreement (Premier Auto Trust 1998-1)

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

Appears in 1 contract

Samples: Loan Purchase Agreement (Chevy Chase Bank FSB)

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Seller May Own Notes. The Seller Seller, and any Affiliate thereof of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes 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 any the other Basic DocumentDocuments. Except as set forth herein or in the other Basic Documents, Notes so owned by or pledged to the Seller or any such Affiliate will have an equal and proportionate benefit under the provisions of this Agreement and the other Basic Documents, without preference, priority, or distinction as among all of the Notes.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-C)

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

Appears in 1 contract

Samples: Sale and Servicing Agreement (American Honda Receivables Corp)

Seller May Own Notes. The Seller Seller, and any Affiliate thereof of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes 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 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 Basic DocumentTransaction Documents, without preference, priority, or distinction as among all of the Notes.

Appears in 1 contract

Samples: Sale and Servicing Agreement

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

Appears in 1 contract

Samples: Purchase Agreement (Chevy Chase Bank FSB)

Seller May Own Notes. The Seller and any Affiliate -------------------- thereof may in its individual or any other capacity become the owner or pledgee of 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 (World Omni Auto Receivables LLC)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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. The Seller shall not own any Notes [or Certificates] unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Sale and Servicing Agreement (DaimlerChrysler Financial Services Americas LLC)

Seller May Own Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of 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. The Seller shall not own any [Notes] [Certificates] unless the Rating Agency Condition is satisfied.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Daimlerchrysler Services North America LLC)

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