Common use of No Default; No Waiver Clause in Contracts

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing.

Appears in 154 contracts

Sources: Purchase Agreement (Santander Drive Auto Receivables Trust 2023-1), Purchase Agreement (Santander Drive Auto Receivables Trust 2023-1), Purchase Agreement (Santander Drive Auto Receivables Trust 2022-7)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller Santander Consumer has not waived any of the foregoing.

Appears in 34 contracts

Sources: Purchase Agreement (Drive Auto Receivables Trust 2025-2), Purchase Agreement (Drive Auto Receivables Trust 2025-2), Purchase Agreement (Santander Drive Auto Receivables Trust 2025-3)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing.. Receivable File Servicing System/Data Tape

Appears in 8 contracts

Sources: Asset Representations Review Agreement (Drive Auto Receivables Trust 2024-2), Asset Representations Review Agreement (Drive Auto Receivables Trust 2024-2), Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2023-3)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen existed as of the Cut-Off Date and the Seller Colonial has not waived any of the foregoingforegoing that existed as of the Cut-Off Date.

Appears in 5 contracts

Sources: Purchase Agreement (Americas Carmart Inc), Purchase Agreement (Americas Carmart Inc), Purchase Agreement (Americas Carmart Inc)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the applicable Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the applicable Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the applicable Cut-Off Date and the Seller has not waived any of the foregoing.

Appears in 4 contracts

Sources: Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2013-2), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2013-2), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2013-1)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 60 days as of the Cut-Off Cutoff Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Cutoff Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Cutoff Date and neither the Seller Originator nor the Borrower has not waived any of the foregoing.

Appears in 1 contract

Sources: Loan and Security Agreement (DT Acceptance Corp)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a defaultDefault, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing.. Receivable File Servicing System/Data Tape

Appears in 1 contract

Sources: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)