Customary and Enforceable Provisions. 8. For each of the Receivables, determined that the Retail Contract was documented on a blank form approved by in-house legal counsel or that legal advice had been rendered that the Retail Contract contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the collateral.
Appears in 43 contracts
Samples: Asset Representations Review Agreement (Capital Auto Receivables Asset Trust 2016-3), Asset Representations Review Agreement (Ally Auto Receivables Trust 2018-3), Asset Representations Review Agreement (Ally Auto Receivables Trust 2019-2)
Customary and Enforceable Provisions. 8. For each of the Receivables, determined that the Retail Contract was documented on a blank form approved by in-house legal counsel or that legal advice had been rendered that the Retail Contract contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the collateral.. Pooling Agreement Section 3.01(a)(i)(4) β Simple Interest Contract
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2023-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2022-3)
Customary and Enforceable Provisions. 8. For each of the Receivables, determined that the Retail Contract was documented on a blank form approved by in-house legal counsel or that legal advice had been rendered that the Retail Contract contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the collateral.. Pooling Agreement Section 3.01(a)(i)(4) β [Scheduled Interest Contract] [Simple Interest Contract]
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Ally Auto Assets LLC), Asset Representations Review Agreement (Ally Auto Assets LLC)
Customary and Enforceable Provisions. 8. For each of the Receivables, determined that the Retail Contract was documented on a blank form approved form by in-house legal counsel or that legal advice had been rendered that the Retail Contract contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the collateral.
Appears in 1 contract
Samples: Asset Representations Review Agreement (Ally Auto Assets LLC)
