Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian will not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely for the purpose of collecting or enforcing the Receivable for the benefit of Issuer and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in Issuer.
Appears in 22 contracts
Samples: Sale and Servicing Agreement (Bank One Auto Securitization Trust 2003-1), Sale and Servicing Agreement (Bank One Auto Securitization LLC), Sale and Servicing Agreement (Bas Securitization LLC)
Title to Receivables. The Custodian agrees that, in respect of any Receivable File held by the Custodian hereunder, the Custodian will not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely for the purpose of collecting or enforcing the Receivable for the benefit of Issuer the Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in Issuerthe Trust.
Appears in 16 contracts
Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Bas Securitization LLC), Pooling and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian will shall not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely as Trust Collateral Agent for the purpose of collecting or enforcing the Receivable for the benefit of Issuer and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in Issuer.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (United Pan Am Financial Corp), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2005-A), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2004-A)
Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian will shall not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely for the purpose of collecting or enforcing the Receivable for the benefit of Issuer and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in Issuer.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Sale and Servicing Agreement (Asset Backed Securities Corp), Sale and Servicing Agreement (Compass Auto Receivables Trust 1998-A)
Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian will not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely for the purpose of collecting or enforcing the Receivable for the benefit of Issuer Owner Trustee and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in IssuerOwner Trustee.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (M&i Auto Loan Trust 2002-1), Sale and Servicing Agreement (Bond Securitization LLC)
Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian will not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely for the purpose of collecting or enforcing the Receivable for the benefit of Issuer the Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in Issuerthe Trust.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC), Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC)
Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian will not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely for the purpose of collecting or enforcing the Receivable for the benefit of Issuer Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in IssuerTrust.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bank One Auto Securitization LLC)
