Common use of No Repossession Clause in Contracts

No Repossession. No Financed Vehicle has been repossessed without reinstatement as of the Cutoff Date. Test 12-1: Repossession Inventory Observe TMCC’s receivables systems and confirm the Receivable was not held in repossession inventory as of the Cutoff Date.

Appears in 84 contracts

Sources: Asset Representations Review Agreement (Toyota Auto Receivables 2026-B Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2026-a Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2026-a Owner Trust)