Origination. Each Receivable was originated in the United States by a Dealer for the retail sale of the related Financed Vehicle in the ordinary course of such Dealer’s business, has been fully and properly executed or electronically authenticated by the parties thereto, has been purchased by TMCC from such Dealer under an existing agreement with TMCC and has been validly assigned by such Dealer to TMCC. Test 1-1: Dealer Address Confirm the Dealer address on the Contract is a United States address. Test 1-2: Contract Signed Confirm the Obligor(s) and Dealer signed the Contract. Test 1-3: Valid Assignee Confirm TMCC, or a name included in the list of acceptable name variations, is identified as the assignee in either the Assignment section of the Contract or separate assignment document. Test 1-4: Valid Assignor Signature Confirm the Contract was completed electronically or if completed on paper, confirm the Dealer signature is present as assignor on the Contract or separate assignment document.
Appears in 67 contracts
Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2019-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2020-B Owner Trust)
