No Future Obligation. The full Amount Financed of each Receivable has been advanced to or on behalf of each Obligor, and there are no requirements for future advances thereunder. The Obligor with respect to each Receivable does not have any option under such Receivable to borrow from the Depositor or any Affiliate additional funds secured by the Financed Vehicle.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Bay View Capital Corp), Sale and Servicing Agreement (Bay View Capital Corp), Sale and Servicing Agreement (Bay View Capital Corp)
No Future Obligation. The full Amount Financed of each Receivable has been advanced to or on behalf of each Obligor, and there are no requirements for future advances thereunder. The Obligor with respect to each Receivable does not have any option under such Receivable to borrow from the Depositor Contributor or any Affiliate additional funds secured by the Financed Vehicle.
Appears in 2 contracts
Samples: Contribution Agreement (Bay View Capital Corp), Contribution Agreement (Bay View Capital Corp)
