Common use of Maintenance of Security Interests in Financed Equipment Clause in Contracts

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.

Appears in 51 contracts

Samples: Sale and Servicing Agreement (Deere John Capital Corp), Sale and Servicing Agreement (John Deere Receivables LLC), Sale and Servicing Agreement (Deere John Capital Corp)

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Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing proceduresServicing Procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment (which may consist of Substitute Equipment. The ); provided however, the Servicer is hereby authorized may allow Financed Equipment to take such steps as are necessary to re-perfect such be released from any security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.connection with Section

Appears in 10 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2021-B), Sale and Servicing Agreement (CNH Equipment Trust 2021-B), Sale and Servicing Agreement (CNH Equipment Trust 2021-A)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable (including each Receivable on which a governmental entity is the Obligor) in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest or to maintain such perfected security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the Financed Equipment Equipment, or for any other reason.

Appears in 9 contracts

Samples: Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2004-A), Sale and Servicing Agreement (Caterpillar Financial Funding Corp)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf for the benefit of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the a Financed Equipment or for any other reason.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (Case Receivables Ii Inc)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable (including each Receivable on which a governmental entity is the Obligor) in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest or to maintain such perfected security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment Obligor, or for any other reason.

Appears in 8 contracts

Samples: Form of Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2006-A), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2008-A)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf for the benefit of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of any Financed Equipment, any change to the Financed Equipment UCC or for any other reason.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (CNH Capital Receivables Inc)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest or to maintain such perfected security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the Financed Equipment Equipment, or for any other reason.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts), Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts), Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-re perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (John Deere Owner Trust 2013-B), Sale and Servicing Agreement (John Deere Owner Trust 2013)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf for the benefit of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the any Financed Equipment or for any other reason.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CNH Receivables Inc), Sale and Servicing Agreement (CNH Capital Receivables Inc)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.related

Appears in 2 contracts

Samples: Sale and Servicing Agreement (John Deere Owner Trust 2017-B), Sale and Servicing Agreement (John Deere Owner Trust 2017-B)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the a Financed Equipment or for any other reason.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Deere John Receivables Inc)

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Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.Financed

Appears in 1 contract

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2006-B)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable Contract in the related Financed EquipmentEquipment if the original Financed Equipment had a cost greater than $25,000. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest or to maintain such perfected security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the Financed Equipment Equipment, or for any other reason.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Advanta Bank Corp)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect re‑perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.

Appears in 1 contract

Samples: Sale and Servicing Agreement (John Deere Owner Trust 2008)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the Financed Equipment related to each Contract if the original value of the Financed EquipmentEquipment was equal to or greater than $25,000. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest or to maintain such perfected security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the Financed Equipment Equipment, or for any other reason.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Advanta Bank Corp)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-re- perfect such security interest on behalf for the benefit of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the a Financed Equipment or for any other reason.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Case Receivables Ii Inc)

Maintenance of Security Interests in Financed Equipment. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable (including each Receivable on which a governmental entity is the Obligor) in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest or to maintain such perfected security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of the Financed Equipment Obligor, or for any other reason.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2005-A)

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