Common use of Receivable in Force Clause in Contracts

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor do the records of the Servicer indicate that the related Financed Vehicle has been released from the lien of such Receivable in whole or in part.

Appears in 113 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)

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor do the records of the Servicer indicate that has the related Financed Vehicle has been released from the lien of such Receivable in whole or in part.

Appears in 90 contracts

Sources: Credit Agreement (Regional Management Corp.), Purchase Agreement (Drive Auto Receivables Trust 2018-5), Purchase Agreement (Drive Auto Receivables Trust 2018-5)

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor do the records of the Servicer indicate that has the related Financed Vehicle has been released from the lien of such granted by the Receivable in whole or in part.

Appears in 57 contracts

Sources: Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2014-2)

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor do the records of the Servicer indicate that the related Financed Vehicle has been released from the lien of such Receivable in whole or in part.

Appears in 4 contracts

Sources: Purchase Agreement (Santander Drive Auto Receivables LLC), Purchase Agreement (Capital One Auto Receivables LLC), Purchase Agreement (Capital One Auto Receivables LLC)

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded rescinded, nor do the records of the Servicer indicate that the related Financed Vehicle has been released from the lien of such Lien granted by the related Receivable in whole or in part.

Appears in 2 contracts

Sources: Purchase Agreement (Bridgecrest Lending Auto Securitization Trust 2025-3), Purchase Agreement (Bridgecrest Lending Auto Securitization Trust 2025-3)

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor do the records of the Servicer Servicing Records indicate that the related Financed Vehicle has been released from the lien of such Receivable in whole or in part.

Appears in 2 contracts

Sources: Purchase Agreement, Purchase Agreement