Common use of Adverse Selection Procedure Clause in Contracts

Adverse Selection Procedure. The Servicer and the Originator will not use any adverse selection procedure in selecting the Contracts to be transferred to the Indenture Trustee from the outstanding loans that qualify under the Sale and Servicing Agreement for inclusion in the Trust Estate.

Appears in 2 contracts

Sources: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-1), Insurance Agreement (Santander Drive Auto Receivables Trust 2007-3)