Common use of Receivable in Force Clause in Contracts

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor has the related Financed Vehicle been released from the lien of such Receivable in whole or in part. As of the applicable Cut-Off Date, the Receivable has not been modified as a result of the application of the Soldiers’ and Sailors’ Civil Relief Act of 1940, as amended.

Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor has the related Financed Vehicle been released from the lien of such Receivable in whole or in part. As of the applicable Cut-Off Date, the Receivable has not been modified as a result of the application of the Soldiers’ and SailorsServicemembers’ Civil Relief Act of 1940Act, as amended.