Common use of Excluded Loans Clause in Contracts

Excluded Loans. Each Receivable (A) is not a Receivable whose related Obligor resides in the State of Alabama (in the case of a Direct Receivable) or a Receivable originated by or through a Dealer located in the State of Alabama (in the case of a Dealer Receivable), and (B) has not been the subject of a previous securitization; and

Appears in 5 contracts

Sources: Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 1998-B), Sale and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa National Association)

Excluded Loans. Each Receivable (A) is not a Receivable whose related Obligor resides in the State of Alabama (in the case of a Direct Receivable) or a Receivable originated by or through a Dealer located in the State of Alabama (in the case of a Dealer Receivable), and (B) has not been the subject of a previous securitization; ;] and

Appears in 1 contract

Sources: Sale and Servicing Agreement (Chase Manhattan Bank Usa)

Excluded Loans. Each Receivable (A) is not a Receivable whose related Obligor resides in the State of Alabama (in the case of a Direct Receivable) or a Receivable originated by or through a Dealer located in the State of Alabama (in the case of a Dealer Receivable), and (B) has not been the subject of a previous securitization; and

Appears in 1 contract

Sources: Sale and Servicing Agreement (Chase Manhattan Bank Usa)

Excluded Loans. Each Receivable (A) is not a Receivable whose related Obligor resides in the State of Alabama (in the case of a Direct Receivable) or a Receivable originated by or through a Dealer located in the State of Alabama (in the case of a Dealer Receivable), and (B) has not been the subject of a previous securitization; and.]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa)