Common use of Valid Sale Clause in Contracts

Valid Sale. This Agreement evidences a valid sale and assignment of the Sold Property from the Depositor to the Issuer, enforceable against creditors of and purchasers from the Depositor.

Appears in 86 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2019-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2016-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2018-A)

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Valid Sale. This Agreement evidences a valid sale and assignment of the Sold Purchased Property from the Depositor Sponsor to the IssuerDepositor, enforceable against creditors of and purchasers from the DepositorSponsor.

Appears in 85 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2023-B), Exchange Note Purchase Agreement (Ford Credit Auto Lease Two LLC), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2020-C)

Valid Sale. This Agreement evidences a valid sale and assignment of the Sold Trust Property from the Depositor to the Issuer, enforceable against creditors of and purchasers from the Depositor.

Appears in 47 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2011-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-A)

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Valid Sale. This Agreement evidences Agreement, when duly executed and delivered, shall constitute a valid sale sale, transfer and assignment of the Sold Property from the Depositor to the IssuerPurchased Property, enforceable against creditors of and purchasers from the DepositorSeller.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation)

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