Creation. Immediately prior to the conveyance of the Receivables pursuant to the Purchase Agreement, CNHICA owns and has good and marketable title to, or has a valid security interest in, the Receivables free and clear of any Lien, claim or encumbrance of any Person.
Appears in 64 contracts
Sources: Purchase Agreement (CNH Equipment Trust 2025-B), Purchase Agreement (CNH Equipment Trust 2025-B), Purchase Agreement (CNH Capital Receivables LLC)
Creation. Immediately prior to the conveyance of the Receivables pursuant to the Purchase Agreement, CNHICA CNHCA owns and has good and marketable title to, or has a valid security interest in, the Receivables free and clear of any Lien, claim or encumbrance of any Person.
Appears in 41 contracts
Sources: Purchase Agreement (CNH Equipment Trust 2014-A), Purchase Agreement (CNH Equipment Trust 2014-A), Purchase Agreement (CNH Equipment Trust 2013-D)