Common use of Servicer’s Receivables Systems Clause in Contracts

Servicer’s Receivables Systems. On and after the Closing Date, until a Receivable has been paid in full or repurchased, the Servicer will xxxx its receivables systems to indicate clearly that the Receivable is owned by the Issuer and has been pledged to the Indenture Trustee under the Indenture.

Appears in 40 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-A), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

AutoNDA by SimpleDocs

Servicer’s Receivables Systems. On and after the Closing Date or Acquisition Date, as applicable, until a Receivable has been paid in full full, acquired or repurchasedsold to a third party under Section 3.4, the Servicer will xxxx its receivables systems to indicate clearly that the Receivable is owned by the Issuer and has been pledged to the Indenture Trustee under the Indenture.

Appears in 24 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A)

Servicer’s Receivables Systems. On and after the Closing Date, until a Receivable has been paid in full or repurchased, the Servicer will xxxx mark its receivables systems to indicate clearly that the Receivable is owned by the Issuer and has been pledged to the Indenture Trustee under the Indenture.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A)

AutoNDA by SimpleDocs

Servicer’s Receivables Systems. On and after the Closing Date, until a Receivable has been paid in full or repurchased, the Servicer will xxxx mxxx its receivables systems to indicate clearly that the Receivable is owned by the Issuer and has been pledged to the Indenture Trustee under the Indenture.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-B)

Time is Money Join Law Insider Premium to draft better contracts faster.