Valid Assignment. The Receivable was originated in, and is subject to the laws of, a jurisdiction which permits the sale and assignment of the Receivable. The terms of the Receivable do not limit the right of the owner of the Receivable to sell and assign the Receivable.
Appears in 64 contracts
Sources: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2026-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2026-B), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2026-A)
Valid Assignment. The Receivable was originated in, and is subject to the laws of, a jurisdiction which permits the sale and assignment of the Receivable. The terms of the Receivable do not limit the right of the owner of the Receivable to sell and assign the Receivable.
Appears in 5 contracts
Sources: Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)