Common use of Excluded Loans Clause in Contracts

Excluded Loans. Each Receivable (A) is not a Chase Connecticut Loan, Chase Florida Loan, Chase Lincoln Loan, Chase Maryland Loan, 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

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