Transferor Receivable definition
Examples of Transferor Receivable in a sentence
No Dealer has a participation in, or other right to receive, payments or proceeds in respect of any Transferor Receivable.
Each Transferor Receivable provides that payments thereon are to be applied in accordance with the Simple Interest Method.
The complete file for each Transferor Receivable currently is in the possession of the Servicer.
No Transferor Receivable has been sold, transferred, assigned or pledged by the Transferor except pursuant to this Agreement; immediately prior to the conveyance of the Receivables by the Transferor to the Depositor pursuant to this Agreement, the Transferor had good and indefeasible title to the Receivables, free and clear of any Lien.
No Transferor Receivable is assumable by another Person in a manner which would release the Obligor thereof from such Obligor's obligations to the Transferor with respect to such Transferor Receivable.
No Financed Vehicle relating to any Transferor Receivable was insured under a policy of force-placed insurance on the Cutoff Date.
At the Cutoff Date, the Principal Balance of each Transferor Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.
There is only one original executed copy of each Transferor Receivable.
No Obligor of a Transferor Receivable is the United States of America or any State or any agency, department, subdivision or instrumentality thereof.
No Transferor Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which (a) would make unlawful, void or voidable the transfer and assignment of such Transferor Receivable under this Agreement or the pledge of such Transferor Receivable under the Indenture or (b) would impair the validity or enforceability of any Transferor Receivable because of any such transfer, assignment or pledge.