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Common use of Valid Assignment Clause in Contracts

Valid Assignment. The Depositor has not entered into any agreement with any account debtor that prohibits, restricts or conditions the assignment of the Receivables.

Appears in 90 contracts

Sources: Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (CarMax Auto Owner Trust 2025-3), Sale and Servicing Agreement (Carmax Auto Funding LLC)

Related Clauses

  • Void Assignment
  • Lien; Valid Assignment
  • Parties Bound; Assignment
  • Sale and Assignment
  • SUBLICENSING AND ASSIGNMENT

Parent Clauses

  • Representations and Warranties
  • Representations and Warranties as to the Receivables
  • Trust Property
  • Representations and Warranties of the Seller
  • Miscellaneous Provisions

Sub-Clauses

  • Priority
  • Credit Lease Term
  • No Sale of Mortgaged Property
  • Basic Rent Sufficient
  • Credit Lease
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