Common use of Custody of Receivable Files Clause in Contracts

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Trust, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agent, and the Servicer hereby accepts such appointment, to act as custodian on behalf of the Trust and the Indenture Trustee of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust pursuant to the Indenture with respect to each Receivable (collectively, a “Receivable File”):

Appears in 107 contracts

Samples: Sale and Servicing Agreement (CarMax Auto Owner Trust 2024-2), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (CarMax Auto Owner Trust 2024-1)

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Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Trust, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agent, and the Servicer hereby accepts such appointment, to act as custodian on behalf of the Trust and the Indenture Trustee of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust pursuant to the Indenture Indenture, with respect to each Receivable (collectively, a "Receivable File"):

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-3), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2), Sale and Servicing Agreement (Mmca Auto Receivables Trust)

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Trust, upon the execution and delivery of this the Agreement, hereby revocably appoints the Servicer as its agentServicer, and the Servicer hereby accepts such appointment, to act as custodian on behalf for the benefit of the Trust and the Indenture Trustee Trustee, to act as the agent of the Trust as custodian of the following documents or instruments, instruments which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust pursuant to the Indenture with respect to each Receivable (collectively, a “Receivable File”):Receivable:

Appears in 7 contracts

Samples: Trust and Servicing Agreement (Uacsc Auto Trusts Uacsc 1999-C Owner Trust Auto Rec Bac Note), Trust and Servicing Agreement (United Fidelity Finance LLC), Trust and Servicing Agreement (Uacsc Auto Trusts Uacsc 1999-D Owner Trust Auto Rec Bac Note)

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Trust, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agent, and the Servicer hereby accepts such appointment, to act as custodian on behalf of the Trust and the Indenture Trustee of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust pursuant to the Indenture with respect to each Receivable (collectively, a "Receivable File"):

Appears in 7 contracts

Samples: Sale and Servicing Agreement (CarMax Auto Owner Trust 2008-1), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the TrustIssuer, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agentServicer, and the Servicer hereby accepts such appointment, to act as custodian on behalf the agent of the Trust Issuer and the Indenture Trustee as custodian of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust Issuer pursuant to the Indenture Indenture, with respect to each Receivable (collectively, a “the "Receivable File”Files"):

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-B), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-C)

Custody of Receivable Files. To assure uniform quality --------------------------- in servicing the Receivables and to reduce administrative costs, the Trust, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agent, and the Servicer hereby accepts such appointment, to act as custodian on behalf of the Trust and the Indenture Trustee of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust pursuant to the Indenture with respect to each Receivable (collectively, a "Receivable File”):"): ---------------

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

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Custody of Receivable Files. (a) To assure uniform quality in servicing the Receivables and to reduce administrative costs, the TrustIssuer, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agentServicer, and the Servicer hereby accepts such appointment, to act as custodian on behalf of the Trust Issuer and the Indenture Trustee of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust Issuer pursuant to the Indenture Indenture, with respect to each Receivable (collectively, a "Receivable File"):

Appears in 1 contract

Samples: Sale and Servicing Agreement (Daimler Benz Vehicle Receivables Corp)

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Trust, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agentServicer, and the Servicer hereby Trust and Servicing Agreement accepts such appointment, to act as custodian on behalf for the benefit of the Trust and the Indenture Trustee of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, to act as pledgee the agent of the Trust pursuant to as custodian thereof in accordance with the Indenture with respect to each Receivable (collectively, a “Receivable File”):Custodian Agreement.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Bay View Deposit CORP)

Custody of Receivable Files. To assure uniform --------------------------- quality in servicing the Receivables and to reduce administrative costs, the Trust, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer as its agent, and the Servicer hereby accepts such appointment, to act as custodian on behalf of the Trust and the Indenture Trustee of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Trust pursuant to the Indenture with respect to each Receivable (collectively, a "Receivable File”):"): ---------------

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

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