Select Receivables definition

Select Receivables means a Receivable designated as “Select” in the Underwriting Policies and classified as such by Holdings.
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Examples of Select Receivables in a sentence

  • Pursuant to Section 4.1 of the Sale and Servicing Agreement, the Servicer has agreed to establish, on or before the Closing Date, and maintain in the name of the Indenture Trustee at an Eligible Institution (which shall initially be the Indenture Trustee) a segregated trust account designated as the “CarMax Select Receivables Trust 2024-A Trust Account” (the “Certificate Payment Account”).

  • This Certificate of Trust of CarMax Select Receivables Trust 2024-A (the “Trust”) is being duly executed and filed by Wilmington Trust, National Association, a national banking association, as owner trustee (the “Owner Trustee”), to form a statutory trust under the Delaware Statutory Trust Act (12 Del.

  • The Trust shall be known as “CarMax Select Receivables Trust 2024-A,” in which name the Owner Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue and be sued on behalf of the Trust.

  • Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in Appendix A to the Sale and Servicing Agreement, dated as of the date hereof, among CarMax Select Receivables Trust 2024-A, as issuer, the Depositor, and CarMax Business Services, LLC, as servicer, as amended, supplemented or otherwise modified and in effect from time to time.

  • The Trust shall be known as “CarMax Select Receivables Trust 2025-A,” in which name the Owner Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sue and be sued on behalf of the Trust.

  • R-[__] evidencing a beneficial interest in the property of CarMax Select Receivables Trust 2025-A, a Delaware statutory trust (the “Trust”), which property includes a pool of retail installment sale contracts secured by new and used motor vehicles sold by CarMax Business Services, LLC, a Delaware limited liability company (the “Seller”), to CarMax Auto Funding LLC, a Delaware limited liability company (the “Depositor”), and sold by the Depositor to the Trust.

  • Pursuant to Section 4.1 of the Sale and Servicing Agreement, the Servicer has agreed to establish, on or before the Closing Date, and maintain in the name of the Indenture Trustee at an Eligible Institution (which shall initially be the Indenture Trustee) a segregated trust account designated as the “CarMax Select Receivables Trust 2025-A Trust Account” (the “Certificate Payment Account”).

  • The name of the statutory trust formed hereby is CarMax Select Receivables Trust 2024-A.

  • R-[ ] evidencing a beneficial interest in the property of CarMax Select Receivables Trust 2024-A, a Delaware statutory trust (the “Trust”), which property includes a pool of retail installment sale contracts secured by new and used motor vehicles sold by CarMax Business Services, LLC, a Delaware limited liability company (the “Seller”), to CarMax Auto Funding LLC, a Delaware limited liability company (the “Depositor”), and sold by the Depositor to the Trust.

  • This Certificate of Trust of CarMax Select Receivables Trust 2025-A (the “Trust”) is being filed to form a statutory trust under the Delaware Statutory Trust Act (12 Del.