Common use of Auction Process Clause in Contracts

Auction Process. in its role as Advisor to the Trustee, will be allowed to bid in the Auction, but will not be required to do so.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Cit Home Equity Loan Trust 1997-1), Pooling and Servicing Agreement (Barnett Auto Receivables Corp)

Auction Process. in its role as Advisor to the applicable Trustee, will be allowed to bid in the Auction, but will not be required to do so.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Barnett Auto Receivables Corp)

Auction Process. (a) in its role as Advisor to the applicable Trustee, will be allowed to bid in the Auction, but will not be required to do so.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Oxford Resources Corp)