Common use of Licenses and Approvals Clause in Contracts

Licenses and Approvals. The Servicer has obtained all necessary licenses and approvals, in all jurisdictions where the failure to do so would materially and adversely affect the Servicer’s ability to acquire, own and service the Receivables.

Appears in 23 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2020-A)

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Licenses and Approvals. The Servicer has obtained all necessary licenses and approvals, in all jurisdictions where the failure to do so would materially and adversely affect the Servicer’s 's ability to acquire, own and service the Receivables.

Appears in 18 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC)

Licenses and Approvals. The Servicer has obtained all necessary the licenses and approvals, approvals necessary for the conduct of Servicer's business in all the jurisdictions where the failure to do so would materially and adversely affect its performance of its obligations under this Agreement or render any of the Servicer’s ability to acquire, own and service the ReceivablesReceivables unenforceable.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1), Sale and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb2), Purchase and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1)

Licenses and Approvals. The Servicer has obtained all necessary licenses and approvals, in all jurisdictions where the failure to do so would materially and adversely affect the Servicer’s 's ability to acquire, own and service the Receivables (other than a de minimis portion of the Receivables).

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fifth Third Auto Trust 2004-A)

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Licenses and Approvals. The Servicer has obtained all necessary licenses and approvals, in all jurisdictions where the failure to do so would materially and adversely affect the Servicer’s ability to acquireexecute, own deliver and service perform its obligations under this Agreement and the Receivablesapplicable Series Supplement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Textron Financial Corp)

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