Creation. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable by the Seller to the Issuer, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 191 contracts
Sources: Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale Agreement (Usaa Acceptance LLC)
Creation. Immediately prior to the sale, transfer, contribution, assignment and and/or conveyance of a Receivable by the Seller to the Issuer, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien created by the Seller (other than any Liens in favor of the Purchaser) and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any LienLien created by the Seller.
Appears in 21 contracts
Sources: Sale Agreement (Capital One Prime Auto Receivables Trust 2025-1), Sale Agreement (Capital One Prime Auto Receivables Trust 2025-1), Sale Agreement (Capital One Auto Receivables LLC)
Creation. Immediately prior to the sale, transfer, contribution, assignment and and/or conveyance of a Receivable by the Seller to the Issuer, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of the Issuer) and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 12 contracts
Sources: Sale Agreement (Huntington Auto Trust 2016-1), Sale Agreement (Huntington Auto Trust 2016-1), Sale Agreement (Huntington Funding, LLC)
Creation. Immediately prior to the sale, transfer, contribution, assignment and conveyance of a Receivable by the Seller to the Issuer, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of the Issuer) and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 10 contracts
Sources: Sale Agreement (Fifth Third Auto Trust 2023-1), Sale Agreement (Fifth Third Auto Trust 2023-1), Sale Agreement (Fifth Third Holdings Funding, LLC)
Creation. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable by the Seller Depositor to the Issuer, the Seller Depositor owned and had good and marketable title to such Receivable free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Receivable to the Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any Lien.
Appears in 9 contracts
Sources: Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC), Sale Agreement (Chase Auto Receivables LLC)