Common use of Retained Certificates Clause in Contracts

Retained Certificates. The Certificates initially retained by the Depositor pursuant to the Trust Agreement, while so held by the Depositor.

Appears in 6 contracts

Sources: Servicing Agreement (Ally Auto Receivables Trust 2019-1), Servicing Agreement (Ally Auto Receivables Trust 2019-1), Servicing Agreement (Ally Auto Receivables Trust 2018-3)

Retained Certificates. The Certificates initially retained by the Depositor or a Person treated as the same Person as the Depositor for U.S. federal income tax purposes pursuant to the Trust Agreement, while so held by the Depositor.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N1), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N1)