Common use of Acquisition of Contract Clause in Contracts

Acquisition of Contract. Such Contract was either acquired by WFS (or its predecessor in interest) from a Dealer or a Third Party Lender with which it ordinarily does business or the Bank or originated directly by WFS in the ordinary course of its business, and no adverse selection procedures have been utilized in selecting such Contract from all other similar contracts purchased by the Seller.

Appears in 23 contracts

Samples: Sale and Servicing Agreement (WFS Receivables Corp), Sale and Servicing Agreement (WFS Receivables Corp), Sale and Servicing Agreement (WFS Receivables Corp 3)

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Acquisition of Contract. Such Contract was either acquired by WFS (or its predecessor in interest) from a Dealer or a Third Party Lender with which it ordinarily does business or the Bank or originated directly by WFS in the ordinary course of its business, and no adverse selection procedures have been utilized in selecting such Contract from all other similar contracts purchased by the Seller.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (WFS Financial Auto Loans Inc), Sale and Servicing Agreement (WFS Financial 1998 a Owner Trust), Sale and Servicing Agreement (WFS Financial Auto Loans Inc)

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Acquisition of Contract. Such Subsequent Contract was either acquired by WFS (or its predecessor in interest) from a Dealer or a Third Party Lender with which it ordinarily does business or the Bank or originated directly by WFS in the ordinary course of its business, and no adverse selection procedures have been utilized in selecting such Subsequent Contract from all other similar contracts purchased by the SellerWFS.

Appears in 3 contracts

Samples: First Tier Subsequent Assignment (WFS Financial 2005-3 Owner Trust), First Tier Subsequent Assignment (WFS Financial 2004-3 Owner Trust), First Tier Subsequent Assignment (WFS Financial 2005-2 Owner Trust)

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