Common use of Further Encumbrance of Trust Property Clause in Contracts

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 198 contracts

Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-1)

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Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Trust Agreement).

Appears in 28 contracts

Samples: Sale and Servicing (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Chevy Chase Bank FSB)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.01, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Trust Agreement).

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item Depositor of the Trust Property pursuant to Section 2.1Property, all right, title and interest of the Seller Depositor in and to such item of Trust Property shall will terminate, and all such right, title and interest shall will vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement)Statute.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-A)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.1 or 2.2, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Trust Agreement).

Appears in 6 contracts

Samples: Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing (National Auto Finance Co Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Transferred Property pursuant to Section 2.1Sections 2.1 and 2.2, all right, title and interest of the Seller in and to such item of Trust Transferred Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Issuer Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Issuer Trust Agreement).

Appears in 5 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1Sections 2.1 or 2.2, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 5 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Agreement (Consumer Portfolio Services Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.1 [and 2.2], all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 4 contracts

Samples: Sale and Servicing (Afs Sensub Corp.), Sale and Servicing (Afs Sensub Corp.), Sale and Servicing (Afs Sensub Corp.)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1Sections 2.1 and 2.2, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 4 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller Sellers of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the Seller Sellers in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 3 contracts

Samples: Sale and Servicing (Americredit Corp), Sale and Servicing (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1Section[s] 2.1 [and 2.2], all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 3 contracts

Samples: Sale and Servicing (Afs Sensub Corp.), Sale and Servicing (Afs Sensub Corp.), Sale and Servicing (AFS SenSub Corp.)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.1 and 2.2, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 2 contracts

Samples: Sale and Servicing Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (AFS Funding Trust)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.1 and Section 2.2, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 2 contracts

Samples: Sale and Servicing (AFS SenSub Corp.), Sale and Servicing (Americredit Automobile Receivable Trust 2005-D-A)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1Property, all right, title and interest of the Seller in and to such item of Trust Property shall will terminate, and all such right, title and interest shall will vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Trust Agreement)Statute.

Appears in 1 contract

Samples: Sale and Servicing (Triad Automobile Receivables Trust 2002 A)

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Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the a Seller of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the such Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller Transferor of any item of the Trust Property pursuant to Section 2.12.01 and 2.02, all right, title and interest of the Seller Transferor in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Issuer Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Issuer Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing Agreement (United Fidelity Finance LLC)

Further Encumbrance of Trust Property. (a) Immediately upon ------------------------------------- the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.01, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.1 or Section 2.2, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1Property, all right, title and interest of the Seller in and to such item of Trust Property shall will terminate, and all such right, title and interest shall will vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing (Bond Securitization LLC)

Further Encumbrance of Trust Property. (a) Immediately upon ------------------------------------- the conveyance to the Trust by the Seller Sellers of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the Seller Sellers in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Business Trust Statute (as defined in the Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing (Americredit Corp)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.1, all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Delaware Statutory Trust Statute Act (as defined in the Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing (TFC Enterprises Inc)

Further Encumbrance of Trust Property. (a) Immediately upon the conveyance to the Trust by the Seller of any item of the Trust Property pursuant to Section 2.12.1 [and Section 2.2], all right, title and interest of the Seller in and to such item of Trust Property shall terminate, and all such right, title and interest shall vest in the Trust, in accordance with the Trust Agreement and Sections 3802 and 3805 of the Statutory Trust Statute (as defined in the Trust Agreement).

Appears in 1 contract

Samples: Sale and Servicing (AFS Funding Trust)

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