Common use of Solvency Clause in Contracts

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the Receivables, nor does the Seller anticipate any pending insolvency.

Appears in 281 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2021-1), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2021-3), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2021-2)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the Receivables, nor does the Seller anticipate contemplate any pending insolvency.

Appears in 62 contracts

Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2021-B), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2020-A), Receivables Purchase Agreement (Hyundai Abs Funding LLC)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the Receivables Trust Property, nor does the Seller anticipate any pending insolvency.

Appears in 16 contracts

Samples: Receivables Purchase Agreement (USAA Auto Owner Trust 2007-2), Form of Receivables Purchase Agreement (Usaa Acceptance LLC), Form of Receivables Purchase Agreement (Usaa Acceptance LLC)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the EFLLC Receivables, nor does the Seller anticipate any pending insolvency.

Appears in 7 contracts

Samples: Form of Purchase Agreement (Exeter Automobile Receivables Trust 2021-1), Form of Purchase Agreement (Exeter Automobile Receivables Trust 2020-3), Purchase Agreement (Exeter Automobile Receivables Trust 2020-3)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the EFIT Receivables, nor does the Seller anticipate any pending insolvency.

Appears in 6 contracts

Samples: Sale Agreement (Exeter Automobile Receivables Trust 2021-1), Sale Agreement (Exeter Automobile Receivables Trust 2021-2), Sale Agreement (Exeter Automobile Receivables Trust 2021-1)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the Receivables Purchased Property, nor does the Seller anticipate any pending insolvency.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Merrill Auto Trust Securitization 2008-1), Receivables Purchase Agreement (Usaa Acceptance LLC), Receivables Purchase Agreement (Ml Asset Backed Corp)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the Receivables Receivables Property, nor does the Seller anticipate any pending insolvency.

Appears in 2 contracts

Samples: Form of Receivables Purchase Agreement (Bear Stearns Asset Backed Funding Inc), Form of Receivables Purchase Agreement (Bear Stearns Asset Backed Funding Ii Inc)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the Receivables Trust Property, nor does the Seller anticipate any pending insolvency . . 5

Appears in 1 contract

Samples: Form of Receivables Purchase Agreement (Usaa Acceptance LLC)

Solvency. The Seller is not insolvent, nor will the Seller be made insolvent by the transfer of the [Seller] Receivables, nor does the Seller anticipate any pending insolvency.

Appears in 1 contract

Samples: Sale Agreement (Efcar, LLC)