Common use of No Adverse Selection Procedures Clause in Contracts

No Adverse Selection Procedures. No selection procedures believed by World Omni to be adverse to the interests of the Issuing Entity, [the Grantor Trust,] the Noteholders or the Certificateholders shall have been utilized in selecting the Subsequent Receivables.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (World Omni Auto Receivables LLC), Receivables Purchase Agreement (World Omni Auto Receivables LLC), Receivables Purchase Agreement (World Omni Auto Receivables LLC)

No Adverse Selection Procedures. No selection procedures believed by World Omni to be adverse to the interests of the Issuing Entity, [the Grantor Trust,] the Noteholders or the Certificateholders shall have been utilized in selecting the Subsequent Receivables.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (World Omni Auto Receivables LLC), Receivables Purchase Agreement (World Omni Auto Receivables LLC)