Common use of Contract in Force Clause in Contracts

Contract in Force. As of the Closing Date, no Contract has been satisfied or subordinated in whole or in part or rescinded, and the related Financed Vehicle securing any Contract has not been released from the lien of the Contract in whole or in part.

Appears in 5 contracts

Sources: Sale and Servicing Agreement (Dealer Auto Receivables Corp), Pooling and Servicing Agreement (Dealer Auto Receivables Corp), Sale and Servicing Agreement (Dealer Auto Receivables Corp)