Common use of Characterization of Receivables Clause in Contracts

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 126 contracts

Samples: Purchase Agreement (Santander Drive Auto Receivables Trust 2024-2), Purchase Agreement (Santander Drive Auto Receivables Trust 2024-2), Purchase Agreement (Drive Auto Receivables Trust 2024-1)

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Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 55 contracts

Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible electronic chattel paper,” “electronic tangible chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 20 contracts

Samples: Sale and Servicing Agreement (Capital One Prime Auto Receivables Trust 2007-1), Sale and Servicing Agreement (SunTrust Auto Receivables, LLC), Sale and Servicing Agreement (Capital One Auto Receivables LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an a instrumentpromissory note,” or a “general payment intangible,” each as defined in the UCC.

Appears in 18 contracts

Samples: Purchase Agreement (Volkswagen Auto Loan Enhanced Trust 2014-2), Purchase Agreement (Volkswagen Auto Loan Enhanced Trust 2014-2), Purchase Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” ”, an “account,” an ”, a instrument,promissory note” or a “general payment intangible,” ”, each as defined in the UCC.

Appears in 15 contracts

Samples: Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale Agreement (Fifth Third Holdings Funding, LLC), Purchase Agreement (Fifth Third Holdings Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “electronic chattel paper”, “tangible chattel paper,” ”, an electronic chattel paper,” instrument”, an “account,” an ”, a instrument,promissory note”, a “general intangible” or a “general payment intangible,” ”, each as defined in the UCC.

Appears in 12 contracts

Samples: Sale Agreement (Huntington Auto Trust 2015-1), Sale Agreement (Fifth Third Auto Trust 2015-1), Sale Agreement (Huntington Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “electronic chattel paper,” “tangible chattel paper,” an electronic chattel paperinstrument,” an “account,” an a instrumentpromissory note,” a “general intangible” or a “general payment intangible,” each as defined in the UCC.

Appears in 11 contracts

Samples: Sale Agreement (Fifth Third Auto Trust 2013-1), Sale Agreement (Fifth Third Auto Trust 2013-A), Purchase Agreement (Fifth Third Holdings Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “accounts,” “instruments,” “general intangibles” or “electronic chattel paper,an “account,” an “instrument,” or a “general intangible,” (in each case, as defined in the UCC).

Appears in 10 contracts

Samples: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” ”, “electronic chattel paper,” ”, an “account,” an ”, a instrument,promissory note” or a “general payment intangible,” ”, each as defined in the UCC.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an a instrument,promissory note” or a “general payment intangible,” each as defined in the UCC.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Usaa Acceptance LLC), Purchase Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2009-1)

Characterization of Receivables. Each Receivable constitutes either [“electronic chattel paper,”] “tangible chattel paper,” “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 5 contracts

Samples: Purchase Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Purchase Agreement (Santander Drive Auto Receivables LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 5 contracts

Samples: Receivables Sale Agreement (Huntington Auto Trust 2016-1), Receivables Sale Agreement (Huntington Auto Trust 2016-1), Form Of (Huntington Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an a instrument,promissory note” or a “general payment intangible,” each as defined in the UCC.. Sale and Servicing Agreement

Appears in 4 contracts

Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2014-1), Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2012-1)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 4 contracts

Samples: Purchase Agreement (Santander Drive Auto Receivables LLC), Purchase Agreement (Santander Drive Auto Receivables LLC), Purchase Agreement (Santander Drive Auto Receivables LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “accounts,” “instruments,” “general intangibles,” or “electronic chattel paper,an “account,” an “instrument,” or a “general intangible,” (in each case, as defined in the UCC).

Appears in 4 contracts

Samples: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an a instrument,promissory note” or a “general payment intangible,” each as defined in the UCC.

Appears in 3 contracts

Samples: Purchase Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Receivables Sale Agreement (Fifth Third Holdings Funding, LLC), Receivables Sale Agreement (Fifth Third Holdings Funding, LLC)

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Characterization of Receivables. Each Receivable constitutes either “tangible electronic chattel paper,” “electronic tangible chattel paper,”,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2010-1), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2010-1), Sale and Servicing Agreement (Capital One Auto Finance Trust 2005-B-Ss)

Characterization of Receivables. Each Receivable constitutes either “tangible electronic chattel paper,” “electronic tangible chattel paper,” an “account,” an a instrument,promissory note” or a “general payment intangible,” each as defined in the UCC.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Fifth Third Holdings Funding, LLC), Receivables Sale Agreement (Fifth Third Holdings Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,or “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2015-1)

Characterization of Receivables. Each Receivable constitutes either “electronic chattel paper”, “tangible chattel paper,” “electronic chattel paper,” ”, an “account,” an ”, a instrument,promissory note” or a “general payment intangible,” ”, each as defined in the UCC.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fifth Third Holdings Funding, LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paperaccounts,” an account,” an “instrument,instruments” or a “general intangible,intangibleseach as defined in the UCC.

Appears in 1 contract

Samples: Credit Agreement (Regional Management Corp.)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “accounts,” “instruments,” “general intangibles” or “electronic chattel paper,an “account,” an “instrument,” or a “general intangible,” (in each case, as defined in the UCC).

Appears in 1 contract

Samples: First Tier Purchase Agreement (Regional Management Corp.)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,or “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCCUCC as in effect in the state of origination.

Appears in 1 contract

Samples: Purchase Agreement (Usaa Acceptance LLC)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “accounts,” “instruments,” or “general intangibles” or “electronic chattel paper,an “account,” an “instrument,” or a “general intangible,” (in each case, as defined in the UCC).

Appears in 1 contract

Samples: First Tier Purchase Agreement (Regional Management Corp.)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,an a instrument,promissory note” or a “general payment intangible,” each as defined in the UCC.

Appears in 1 contract

Samples: Purchase Agreement (Volkswagen Auto Loan Enhanced Trust 2008-2)

Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” ”, an “account,” ”, an “instrument,” promissory note”, or a “general payment intangible,” ”, each as defined in the UCC.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capital One Prime Auto Receivables Trust 2004-1)

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