Common use of Origination of Receivables Clause in Contracts

Origination of Receivables. Each Receivable (i) was originated in the United States by a Dealer for the retail sale of a Financed Vehicle in the ordinary course of such Dealer's business and has been fully executed by the parties thereto, (ii) was purchased by the Sponsor from a Dealer and was validly assigned by such Dealer to the Sponsor, and (iii) was underwritten pursuant to the Credit and Collection Policy.

Origination of Receivables. Each Receivable (i) was originated in the United States (or, with respect to Receivables representing less than 0.1% of the initial pool balance, under United States law on a United States military base outside the United States) by a Dealer for the retail sale of a Financed Vehicle in the ordinary course of such Dealer's business and has been fully executed by the parties thereto, (ii) was purchased by the Sponsor from a Dealer and was validly assigned by such Dealer to the Sponsor, and (iii) was underwritten pursuant to the Credit and Collection Policy.

Origination of Receivables. Each Receivable (i) was originated in the United States of America by a Dealer for the retail sale of a Financed Vehicle in the ordinary course of such Dealer's business business, was fully and has been fully properly executed by the parties thereto, (ii) was purchased by the Sponsor from a Dealer and was validly assigned by such Dealer to the Sponsor, Seller and (iii) was underwritten pursuant to the Credit and Collection Policyis payable in U.S. dollars.

Origination of Receivables. Each The Receivable (i) was originated in the United States or under United States law outside the United States for a member of the United States military, (ii) was originated by a Dealer for the retail sale of a Financed Vehicle in the ordinary course of such the Dealer's ’s business and has been fully executed by the parties thereto, (ii) was purchased by the Sponsor from a Dealer and was validly assigned by such the Dealer to the Sponsor, Sponsor and (iii) was underwritten pursuant signed by the parties to the Credit and Collection PolicyReceivable.

Origination of Receivables. Each Receivable (i) was originated in the United States of America by a Dealer for the retail sale of a Financed Vehicle in the ordinary course of such Dealer's business ’s business, was fully and has been fully properly executed by the parties thereto, (ii) was purchased by the Sponsor from a Dealer and was validly assigned by such Dealer to the Sponsor, Seller and (iii) was underwritten pursuant to the Credit and Collection Policyis payable in U.S. dollars.

Origination of Receivables. Each Receivable (i) was originated in the United States by a Dealer for the retail sale of a Financed Vehicle in the ordinary course of such Dealer's business and has been hasbeen fully executed by the parties thereto, (ii) was purchased by the Sponsor from a Dealer and was validly assigned by such Dealer to the Sponsor, and (iii) was underwritten pursuant to the Credit and Collection Policy.