Liens. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on the Collateral other than Permitted Liens.
Appears in 272 contracts
Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (World Omni LT)
Liens. The Administrator will not directly or indirectly create, suffer or allow or suffer to exist any Lien on the Collateral other than Permitted Liens.
Appears in 149 contracts
Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2025-2), Administration Agreement (Santander Drive Auto Receivables Trust 2025-2), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2025-1)
Liens. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on the Collateral other than Permitted Liens.Liens.
Appears in 2 contracts