Common use of Title to Receivables Clause in Contracts

Title to Receivables. The Servicer shall not at any time have or in any way attempt to assert any interest in any Receivable held by it as custodian hereunder or in the related Receivable File other than for collecting or enforcing such Receivable for the benefit of the Trust. The entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust.

Appears in 120 contracts

Samples: Sale and Servicing Agreement (CarMax Auto Owner Trust 2024-3), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC)

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Title to Receivables. The Servicer shall not at any time have have, or in any way attempt to assert assert, any interest in any Receivable held by it as custodian hereunder or in the related Receivable File File, other than for collecting or enforcing such Receivable for the benefit of the TrustIssuer. The entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the TrustIssuer.

Appears in 40 contracts

Samples: Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

Title to Receivables. The Servicer shall agrees that, in respect of any Receivable held by the Servicer as custodian hereunder, the Servicer will not at any time have or in any way attempt to assert any interest in any such Receivable held by it as custodian hereunder or in the related Receivable File File, other than for collecting or enforcing such the Receivable for the benefit of the Trust. The Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust.

Appears in 28 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-4), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1)

Title to Receivables. The Servicer shall agrees that, in respect of any Receivable held by it as custodian hereunder, the Servicer will not at any time have or in any way attempt to assert any interest in any such Receivable held by it as custodian hereunder or in the related Receivable File File, other than solely for the purpose of collecting or enforcing such the Receivable for the benefit of the Trust. The Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (First Security Bank Na), Pooling and Servicing Agreement (First Security Auto Grantor Trust 1997-A), Pooling and Servicing Agreement (First Security Bank Na)

Title to Receivables. The Servicer shall agrees that, in respect of any Receivable held by the Servicer as custodian hereunder, the Servicer will not at any time have or in any way attempt to assert any interest in any such Receivable held by it as custodian hereunder or in the related Receivable File File, other than for collecting or enforcing such the Receivable for the benefit of the Trust. The Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust.. SECTION 2.6

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Mmca Auto Receivables Inc)

Title to Receivables. The Servicer shall not at any time have -------------------- or in any way attempt to assert any interest in any Receivable held by it as custodian hereunder or in the related Receivable File other than for collecting or enforcing such Receivable for the benefit of the Trust. The entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Title to Receivables. The Servicer shall agrees that, in respect of -------------------- any Receivable held by it as custodian hereunder, the Servicer will not at any time have or in any way attempt to assert any interest in any such Receivable held by it as custodian hereunder or in the related Receivable File File, other than solely for the purpose of collecting or enforcing such the Receivable for the benefit of the Trust. The Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Usa Inc)

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Title to Receivables. The Servicer shall agrees that, in respect of any -------------------- Receivable held by it as custodian hereunder, the Servicer will not at any time have or in any way attempt to assert any interest in any such Receivable held by it as custodian hereunder or in the related Receivable File File, other than solely for the purpose of collecting or enforcing such the Receivable for the benefit of the Trust. The Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust, subject to the lien of the Indenture Trustee.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Security Bank Na)

Title to Receivables. The Servicer shall agrees that, in respect of any Receivable held by it as custodian hereunder, the Servicer will not at any time have or in any way attempt to assert any interest in any such Receivable held by it as custodian hereunder or in the related Receivable File File, other than solely for the purpose of collecting or enforcing such the Receivable for the benefit of the Trust. The Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust, subject to the lien of the Indenture Trustee.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Security Bank Na)

Title to Receivables. The Servicer shall not at any time have or -------------------- in any way attempt to assert any interest in any Receivable held by it as custodian hereunder or in the related Receivable File other than for collecting or enforcing such Receivable for the benefit of the Trust. The entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Trust.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

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