Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian shall not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely as Trust Collateral Agent for the purpose of collecting or enforcing the Receivable for the benefit of Issuer and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in Issuer.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (United Pan Am Financial Corp), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2005-A), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2004-A)
Title to Receivables. Custodian agrees that, in respect of any Receivable File held by Custodian hereunder, Custodian shall not at any time have or in any way attempt to assert any interest in such Receivable File or the related Receivable, other than solely as Trust Collateral Agent for the purpose of collecting or enforcing the Receivable for the benefit of Issuer Trust and that the entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in IssuerTrust.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (UPFC Auto Receivables Trust 2006-B), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2006-A), Sale and Servicing Agreement (UPFC Auto Receivables Corp.)