Common use of Liens on the Collateral Clause in Contracts

Liens on the Collateral. Navistar Financial shall not create or suffer to exist any Lien on any Collateral other than (except with respect to Subsidiary Shares) Permitted Liens. Without limiting the generality of the foregoing, if any Lien on all or any part of the Collateral shall be filed pursuant to Section 4068 or 302(f) of ERISA or Section 6323 of the Internal Revenue Code, Navistar Financial shall cause such Lien to be released within 30 days after such filing.

Appears in 2 contracts

Samples: Servicing Agreement (Navistar Financial Corp), Purchase Agreement (Navistar Financial Corp)

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Liens on the Collateral. Navistar Financial shall not create or suffer to exist any Lien on any Collateral other than (except with respect to Subsidiary Shares) Permitted Liens. Without limiting the generality of the foregoing, if any Lien on all or any part of the Collateral shall be filed pursuant to Section 4068 or 302(f) of ERISA or Section 6323 of the Internal internal Revenue Code, Navistar Financial shall cause such Lien to be released within 30 days after such filing.. ,

Appears in 1 contract

Samples: Security Agreement (Navistar International Corp)

Liens on the Collateral. Navistar Financial shall not create or suffer to exist any Lien on any Collateral other than (except with respect to Subsidiary Shares) Permitted Liens. Without limiting the generality of the foregoing, if any Lien on all or any part of the Collateral shall be filed pursuant to Section 4068 or 302(f) of ERISA or Section 6323 of the Internal Revenue Code, Navistar Financial shall cause such Lien to be released within 30 days after such filing.

Appears in 1 contract

Samples: Agreement (Navistar Financial Corp)

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Liens on the Collateral. Navistar Financial shall not create or suffer to exist any Lien on any Collateral other than (except only with respect to Collateral other than Subsidiary Shares) Permitted Liens. Without limiting the generality of the foregoing, if any Lien on all or any part of the Collateral shall be filed pursuant to Section 4068 or 302(f) of ERISA or Section 6323 of the Internal Revenue Code, Navistar Financial shall cause such Lien to be released within 30 days after such filing.

Appears in 1 contract

Samples: Security, Pledge and Trust Agreement (Navistar International Corp)

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