Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment as of the execution of the Receivable.
Appears in 65 contracts
Samples: Sale and Servicing Agreement (John Deere Owner Trust 2021-B), Sale and Servicing Agreement (Deere John Capital Corp), Sale and Servicing Agreement (John Deere Owner Trust 2021)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained to obtain and maintain physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 40 contracts
Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2020-A), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Standard Receivable or Fixed Value Receivable.
Appears in 35 contracts
Samples: Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and shall maintain physical damage insurance covering the Financed Equipment as of the execution of the ReceivableVehicle.
Appears in 26 contracts
Samples: Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-C Auto Trust)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 23 contracts
Samples: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-B), Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing proceduresthe Servicing Standard, require that each Obligor shall have obtained physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the Receivablerelated Contract.
Appears in 23 contracts
Samples: Sale and Servicing Agreement (California Republic Auto Receivables Trust 2018-1), Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Transaction Equipment as of the execution of the Receivable.
Appears in 18 contracts
Samples: Form of Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Form of Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2006-A)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary prudent servicing procedures, shall require that each Obligor on a Contract shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the date of execution of the ReceivableContract, as may be required in accordance with the Credit Guidelines.
Appears in 13 contracts
Samples: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corporation), Sale and Servicing Agreement (Credit Acceptance Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc), Pooling and Servicing Agreement (Gs Mortgage Securities Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary prudent servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the date of execution of the ReceivableContract. The Servicer shall, in accordance with its customary servicing procedures, monitor physical damage insurance coverage.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2007-1), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2007-3), Sale and Servicing Agreement (Drive Auto Receivables LLC)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained and maintain physical loss damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment as of the execution of the Receivable.Obligor
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp), Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and shall maintain physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable. The Servicer shall be named as a loss payee as Servicer for the Trust on all lender's collateral protection insurance coverage obtained on the Receivables.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bay View Securitization Corp), Pooling and Servicing Agreement (Bay View Securitization Corp)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 2 contracts
Samples: Form of Sale and Servicing Agreement (National City Bank /), Sale and Servicing Agreement (SSB Vehicle Sec Huntington Auto Trust 2000-A)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Sale and Servicing Agreement (Citigroup Vehicle Securities Inc)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and maintained physical damage insurance covering the each Financed Equipment Vehicle as of the date of execution of the related Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp)
Physical Damage Insurance. The Servicer shall, in ------------------------- accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Asset Backed Securities Corp)
Physical Damage Insurance. (a) The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained and maintain physical loss damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 1 contract
Samples: Servicing Agreement (First Merchants Acceptance Corp)
Physical Damage Insurance. [The Servicer shallServicer, in accordance with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Recreational Asset Funding Corp)
Physical Damage Insurance. The Servicer shall, in ------------------------- accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.
Appears in 1 contract
Samples: Form of Sale and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Physical Damage Insurance. The Servicer shallServicer, in accordance ------------------------- with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp)
Physical Damage Insurance. The Servicer shall, in accordance with its customary servicing proceduresCustomary Servicing Practices, require that each Obligor shall have obtained physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Fifth Third Auto Trust 2004-A)
Physical Damage Insurance. The Servicer shall, in ------------------------- accordance with its customary servicing procedures, require that each Obligor shall have obtained to obtain and maintain physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (SSB Vehicle Securities Inc)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Vehicle as of the execution of the Standard Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (World Omni Auto Receivables LLC)
Physical Damage Insurance. The Servicer shallServicer, in accordance ------------------------- with its customary servicing procedures, shall require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment Asset as of the execution of the Receivable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Physical Damage Insurance. The Servicer shallServicer, in accordance with its customary servicing proceduresprocedures and underwriting standards, shall require that each Obligor shall have obtained and shall maintain physical damage insurance covering the Financed Equipment Vehicle, and the Servicer shall have obtained and shall maintain lender's collateral protection insurance coverage, each as of the execution of the Receivable. The Servicer shall be named as a loss payee as Servicer for the Trust on all lender's collateral protection insurance coverage obtained on the Receivables.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bay View Securitization Corp)
Physical Damage Insurance. The Master Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical loss damage insurance covering the related Financed Equipment Vehicle as of the execution of the related Receivable.
Appears in 1 contract
Samples: Form of Sale and Servicing Agreement (Regions Acceptance LLC)
