Origination. The Receivable was originated by a Dealer in the United States under United States law for the retail sale of a Financed Vehicle in the ordinary course of the Dealer’s business. The Receivable was signed by the Dealer and the Obligor. The Receivable was purchased by the Sponsor from the Dealer and validly assigned by the Dealer to the Sponsor.
Appears in 38 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2016-A), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2017-B)
Origination. The Receivable was originated by a Dealer in the United States under United States law for the retail sale of a Financed Vehicle in the ordinary course of the Dealer’s 's business. The Receivable was signed by the Dealer and the Obligor. The Receivable was purchased by the Sponsor from the Dealer and validly assigned by the Dealer to the Sponsor.
Appears in 11 contracts
Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-A), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2022-B)
