Common use of Repossession Clause in Contracts

Repossession. As of the Cut-off Date, according to the records of NMAC, the Financed Vehicle related to such Receivable has not been repossessed and the possession thereof not reinstated. Servicing System Records/Data File i) Confirm the Financed Vehicle was not marked as repossessed as of the Cut-Off Date ii) If Step (i) is confirmed, it will be a Test Pass

Appears in 30 contracts

Sources: Asset Representations Review Agreement (Nissan Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables Corp Ii)

Repossession. As of the Cut-off Date, according to the records of NMAC, the Financed Vehicle related to such Receivable has not been repossessed and the possession thereof not reinstated. Servicing System Records/Data File i) Confirm the Financed Vehicle was not marked as repossessed as of the Cut-Off Date ii) If Step step (i) is confirmed, it will be a Test Pass

Appears in 12 contracts

Sources: Asset Representations Review Agreement (Nissan Auto Receivables 2025-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2025-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust)

Repossession. As of the Cut-off Date, according to the records of NMAC, the Financed Vehicle related to such Receivable has not been repossessed and the possession thereof not reinstated. Servicing System Records/Data File i) Confirm the Financed Vehicle was not marked as repossessed as of the Cut-Off Date ii) If Step step (i) is confirmed, it will be a Test PassPass Schedule A-6 NAROT 2025-B Asset Representations Review Agreement

Appears in 2 contracts

Sources: Asset Representations Review Agreement (Nissan Auto Receivables 2025-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2025-B Owner Trust)