Common use of Receivables in Force Clause in Contracts

Receivables in Force. According to the Servicer’s Receivables system, the Receivable shall not have been satisfied, subordinated or rescinded, nor shall the Financed Vehicle have been released in whole or in part from the lien granted by the related Receivable on the Cutoff Date.

Appears in 73 contracts

Sources: Receivables Purchase Agreement (Honda Auto Receivables 2025-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2025-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2025-2 Owner Trust)