Common use of Retained Notes Clause in Contracts

Retained Notes. The Notes held by the Depositor or a Person treated as the same Person as the Depositor for U.S. federal income tax purposes.

Appears in 2 contracts

Sources: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-2), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-2)

Retained Notes. The Notes held initially retained by the Depositor or a Person treated as the same Person as the Depositor for U.S. federal income tax purposes.

Appears in 1 contract

Sources: Servicing Agreement (Ally Auto Receivables Trust 2012-3)