Owner of a Receivable. For purposes of this Agreement, the “Owner” of a Receivable shall mean Ally Auto until the sale, transfer, assignment or other conveyance of such Receivable by Ally Auto pursuant to the terms of the applicable Further Transfer Agreements, and thereafter shall mean the Issuing Entity; provided that the Seller, the Servicer or Ally Auto, as applicable, shall be the “Owner” of any Receivable from and after the time that such Person shall acquire such Receivable, whether pursuant to Section 4.04 of this Agreement, any provision of the Further Transfer Agreements, Section 2.07 of the Servicing Agreement or otherwise.
Appears in 44 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2024-1), Pooling Agreement (Ally Auto Receivables Trust 2024-1), Pooling Agreement (Ally Auto Receivables Trust 2023-1)
Owner of a Receivable. For purposes of this Agreement, the “Owner” of a Receivable shall mean Ally Auto until the sale, transfer, assignment or other conveyance of such Receivable by Ally Auto pursuant to the terms of the applicable Further Transfer Agreements, and thereafter shall mean the Issuing Entity; provided provided, that the Seller, the Servicer or Ally Auto, as applicable, shall be the “Owner” of any Receivable from and after the time that such Person shall acquire such Receivable, whether pursuant to Section 4.04 of this Agreement, any provision of the Further Transfer Agreements, Section 2.07 of the Servicing Agreement or otherwise.
Appears in 34 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2016-1), Pooling Agreement (Ally Auto Receivables Trust 2016-1), Pooling Agreement (Ally Auto Receivables Trust 2015-2)
Owner of a Receivable. For purposes of this Agreement, the “Owner” of a Receivable shall mean Ally Auto until the sale, transfer, assignment or other conveyance of such Receivable by Ally Auto pursuant to the terms of the applicable Further Transfer and Servicing Agreements, and thereafter shall mean the Issuing Entity; provided provided, that the Seller, the Servicer or Ally Auto, as applicable, shall be the “Owner” of any Receivable from and after the time that such Person shall acquire such Receivable, whether pursuant to Section 4.04 3.08 or 5.04 of this Agreement, any provision of the Further Transfer Agreements, Section 2.07 of the and Servicing Agreement Agreements or otherwise.
Appears in 11 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Ally Auto Receivables Trust 2010-5), Pooling and Servicing Agreement (Ally Auto Receivables Trust 2010-5)
Owner of a Receivable. For purposes of this Agreement, the “Owner” of a Receivable shall mean Ally Auto until the sale, transfer, assignment or other conveyance of such Receivable by Ally Auto pursuant to the terms of the applicable Further Transfer Agreements, and thereafter shall mean the Issuing Entity; provided provided, that the Seller, the Servicer or Ally Auto, as applicable, shall be the “Owner” of any Receivable from and after the time that such Person shall acquire such Receivable, whether pursuant to Section 4.04 of this Agreement, any provision of the Further Transfer Agreements, Section 2.07 of the Servicing Agreement or otherwise.. Table of Contents ARTICLE II
Appears in 2 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2011-3), Pooling Agreement (Ally Auto Receivables Trust 2011-3)
