Common use of Demand Note Clause in Contracts

Demand Note. The Sponsor has contributed the Demand Note (as defined in the Trust Agreement) to the Depositor on or before the Closing Date.

Appears in 2 contracts

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

Demand Note. The Sponsor has contributed the Demand Note (as defined in the Trust Agreement) to the Depositor on or before the Closing Date.

Appears in 1 contract

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