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Common use of Liens in Force Clause in Contracts

Liens in Force. Except upon the payment in full of a Receivable or as otherwise contemplated by this Agreement or applicable law, the Master Servicer shall not release in whole or in part any Financed Vehicle from the security interest securing the related Receivable.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Wachovia Auto Owner Trust 2008-A), Sale and Servicing Agreement (Wachovia Auto Loan Owner Trust 2007-1), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Liens in Force. Except upon as contemplated in the payment in full of a Receivable or as otherwise contemplated by this Agreement or applicable lawTransaction Documents, the Master Servicer shall not (and shall require the Receivables Servicer not to) release in whole or in part any Financed Vehicle from the security interest securing the related Receivable.;

Appears in 1 contract

Samples: Master Servicing Agreement (Banc of America Securities Auto Trust 2006-G1)