Common use of Receivables in Force Clause in Contracts

Receivables in Force. Each such Receivable has not been satisfied, subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part.

Appears in 107 contracts

Sources: Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Receivables Trust 2024-2), Pooling Agreement (Ally Auto Receivables Trust 2024-2)

Receivables in Force. Each such No Receivable has not been satisfied, subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part.

Appears in 26 contracts

Sources: Pooling Agreement (Ally Auto Receivables Trust 2011-3), Pooling Agreement (Ally Auto Receivables Trust 2011-3), Pooling Agreement (Ally Auto Receivables Trust 2011-2)

Receivables in Force. Each such The Receivable has not been satisfied, subordinated or rescinded, and nor has the related Financed Vehicle securing each such Receivable has not been released from the lien of Lien granted by the related Receivable in whole or in part.

Appears in 23 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1)

Receivables in Force. Each such No Receivable has not been satisfied, subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part.;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1)