Intent to Sell. It is the intention of the Seller that the transfer and assignment herein contemplated, taken as a whole, constitute a sale of the Receivables from the Seller to the Issuer and that the beneficial interest in and title to the Receivables not be part of the Seller’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.
Appears in 38 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2024-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2020-C Owner Trust), Form of Sale and Servicing Agreement (Toyota Auto Receivables 2020-D Owner Trust)
Intent to Sell. It is the intention of the Seller that the transfer and assignment herein contemplated, taken as a whole, constitute a sale of the Receivables from the Seller to the Issuer Purchaser and that the beneficial interest in and title to the Receivables not be part of the Seller’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.
Appears in 37 contracts
Samples: Form of Receivables Purchase Agreement (Toyota Auto Receivables 2024-B Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2022-a Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2019-D Owner Trust)
Intent to Sell. It is the intention of the Seller that the transfer and assignment herein contemplated, taken as a whole, constitute a sale of the Receivables from the Seller to the Issuer and that the beneficial interest in and title to the Receivables not be part of the Sellerdebtor’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.
Appears in 30 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2018-D Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2017-D Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2016-C Owner Trust)
Intent to Sell. It is the intention of the Seller that the transfer and assignment herein contemplated, taken as a whole, constitute a sale of the Receivables from the Seller to the Issuer Purchaser and that the beneficial interest in and title to the Receivables not be part of the Sellerdebtor’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.
Appears in 28 contracts
Samples: Receivables Purchase Agreement (Toyota Auto Receivables 2018-C Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2018-B Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2017-D Owner Trust)
