Common use of No Impairment Clause in Contracts

No Impairment. The Seller has not done anything to convey any right to any person that would result in such person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor in any Receivable or the proceeds thereof.

Appears in 86 contracts

Samples: Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-C)

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No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor in any Receivable or the proceeds thereof.

Appears in 46 contracts

Samples: Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Purchaser in any Receivable or the proceeds thereof.

Appears in 29 contracts

Samples: Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Receivables Purchase Agreement (California Republic Funding LLC)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Insurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing (Americredit Financial Services Inc)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Insurer, the Trustee, the Trust Collateral Agent and the Securityholders in any Receivable or the proceeds thereof.

Appears in 5 contracts

Samples: Sale and Servicing (Americredit Financial Services Inc), Sale and Servicing (Americredit Financial Services Inc), Sale and Servicing (Advanta Automobile Receivables Trust 1997-1)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor in any Receivable or the proceeds thereof.. Documents Receivable File Data Tape Eligibility Criteria

Appears in 5 contracts

Samples: Daimler Trucks (Daimler Trucks Retail Trust 2024-1), Agreement (Daimler Trucks Retail Trust 2024-1), Daimler Trucks Retail Trust (Daimler Trucks Retail Receivables LLC)

No Impairment. The No Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor Issuer, the Trustee, the Security Insurer or the Noteholders in any Receivable or the proceeds thereof.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc)

No Impairment. The Seller has not done anything to convey any ------------- right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Insurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

No Impairment. The Seller has not done anything to convey any right ------------- to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Insurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

No Impairment. The Neither Seller nor the Purchaser has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable any Related Receivables or otherwise to impair the rights of the Depositor Purchaser, the Trustee or the Noteholder in any Related Receivable or the proceeds thereof.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor Purchaser in any Receivable or the proceeds thereof.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (First Merchants Acceptance Corp), Receivables Purchase Agreement (First Merchants Acceptance Corp), Receivables Purchase Agreement (First Merchants Acceptance Corp)

No Impairment. The Seller has not done anything to convey any right to ------------- any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Insurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.

Appears in 3 contracts

Samples: Sale and Servicing Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing (Americredit Financial Services Inc)

No Impairment. The Neither Seller nor the Purchaser has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable any Related Receivables, related Other Conveyed Property or otherwise to impair the rights of the Depositor Purchaser, the Trustee or the Noteholder in any Receivable Related Receivable, related Other Conveyed Property or the proceeds thereof.

Appears in 2 contracts

Samples: Sale and Servicing (Silverleaf Resorts Inc), Sale and Servicing Agreement (Silverleaf Resorts Inc)

No Impairment. The Neither the Seller nor the Purchaser has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a any Related Receivable or otherwise to impair the rights of the Depositor Purchaser or the Indenture Trustee in any Related Receivable or the proceeds thereof.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Enova International, Inc.), Receivables Purchase Agreement (Enova International, Inc.)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Insurer, the Indenture Trustee, the Owner Trustee and the Noteholders in any Receivable or the proceeds thereof.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Asset Backed Securities Corp), Receivables Purchase Agreement (Triad Financial Corp)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Purchaser, the Insurer, the Trustee, the Trust Collateral Agent and the Securityholders in any Receivable or the proceeds thereof.

Appears in 2 contracts

Samples: Purchase Agreement (Advanta Automobile Receivables Trust 1997-2), Purchase Agreement (Advanta Automobile Receivables Trust 1997-1)

No Impairment. The Neither Seller nor the Purchaser has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable any Related Receivables or otherwise to impair the rights of the Depositor Purchaser, the Trustee, the Noteholder or the Insurer in any Related Receivable or the proceeds thereof.

Appears in 2 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

No Impairment. The Receivables Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Issuer, the Depositor, the Indenture Trustee and the Noteholders in any Receivable or the proceeds thereof.

Appears in 2 contracts

Samples: Sale and Servicing (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

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No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.

Appears in 1 contract

Samples: Sale and Servicing (Americredit Financial Services Inc)

No Impairment. The Seller has not done anything to convey any right to any person that would result in such person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor in any Receivable or the proceeds thereof.. (2006-B Sale and Servicing Agreement)

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2006-B)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable the Automobile Loan or otherwise to impair the rights of the Depositor Issuer, the Custodian and the Certificateholders in any Receivable Automobile Loan or the proceeds thereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Americredit Corp)

No Impairment. The Seller has not done anything to convey any -------------- right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, the Insurer, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc)

No Impairment. The Seller has not done anything to convey any right to any person that would result in such person having a right to payments due under a Receivable or otherwise to impair the rights of the Depositor in any Receivable or the proceeds thereof.. (200[ ]-[ ] Sale and Servicing Agreement)

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hyundai Abs Funding Corp)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Trust, Purchaser, the Insurer, the Trustee, the Trust Collateral Agent and the Securityholders in any Receivable or the proceeds thereof.

Appears in 1 contract

Samples: Purchase Agreement (Advanta Automobile Receivables 1998-1)

No Impairment. The Seller has not done and will not do anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable Eligible Asset or otherwise to impair the rights of the Depositor Buyer in any Receivable Eligible Asset or the proceeds thereof.

Appears in 1 contract

Samples: Master Repurchase Agreement (Onyx Acceptance Corp)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable any Related Receivables or otherwise to impair the rights of the Depositor Purchaser or any NF Party in any Related Receivable or the proceeds thereof.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Nicholas Financial Inc)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the Receivable or otherwise to impair the rights of the Depositor Issuer, the Indenture Trustee and the Series C2002-1 Debtholders in any Receivable or the proceeds thereof.thereof APPENDIX "A"

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a the FreedomNation Receivable or otherwise to impair the rights of the Depositor Trust in any FreedomNation Receivable or the proceeds thereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)

No Impairment. The Seller has not done anything to convey any right to any person Person that would result in such person Person having a right to payments due under a Receivable the Receivables or otherwise to impair the rights of the Depositor Trust, the Trustee, the Trust Collateral Agent and the Noteholders in any Receivable or the proceeds thereof.

Appears in 1 contract

Samples: Sale and Servicing (Americredit Financial Services Inc)

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