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

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. 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 a Financed Vehicle or for any other reason.

Appears in 102 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-C), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-C), Sale and Servicing Agreement (World Omni Select Auto Trust 2024-A)

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Maintenance of Security Interests in Financed Vehicles. 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 Standard Receivable and Fixed Value Receivable in the related Financed Vehicle. 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 a Financed Vehicle or for any other reason.

Appears in 36 contracts

Samples: Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A), Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A)

Maintenance of Security Interests in Financed Vehicles. The Servicer shallwill, in accordance with its customary servicing proceduresCustomary Servicing Practices, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Issuer hereby authorizes 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 a Financed Vehicle or for any other reason.

Appears in 36 contracts

Samples: Servicing Agreement (Fifth Third Holdings Funding, LLC), Sale and Servicing Agreement (Bas Securitization LLC), Sale and Servicing Agreement (Capital One Prime Auto Receivables Trust 2007-2)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. 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 a Financed Vehicle or for any other reason.

Appears in 26 contracts

Samples: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Sale and Servicing Agreement (Chrysler Financial Services Americas LLC), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)

Maintenance of Security Interests in Financed Vehicles. The Servicer shallServicer, in accordance with its customary servicing proceduresthe standard of care required under Section 3.1, shall take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Trust hereby authorizes the Servicer, and the Servicer is hereby authorized agrees, to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity Trust and the Indenture Trustee in the event of the Servicer receives notice of, or otherwise has actual knowledge of, the relocation of a Financed Vehicle or for any other reason.

Appears in 25 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1), Sale and Servicing Agreement (Mmca Auto Owner Trust 2000-2), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-3)

Maintenance of Security Interests in Financed Vehicles. The Servicer shall, in accordance with its customary servicing standards, policies and procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Issuer hereby authorizes 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 a Financed Vehicle or for any other reason.

Appears in 15 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Maintenance of Security Interests in Financed Vehicles. The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain ensure that perfection of the security interest created by each Receivable in the related Financed VehicleVehicle has been obtained, and to maintain such security interest. The Trustee hereby authorizes 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 Trust in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Uacsc 1997-C Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. The Trustee hereby authorizes 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 Trust in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc), Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Inc)

Maintenance of Security Interests in Financed Vehicles. The Servicer shallwill, in accordance with its customary servicing standards, policies and procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Issuer hereby authorizes 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 a Financed Vehicle or for any other reason.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. The Issuer hereby authorizes 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 a Financed Vehicle or for any other reason.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Ford Motor Credit Co), Sale and Servicing Agreement (Ford Motor Credit Co), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Maintenance of Security Interests in Financed Vehicles. 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 VehicleVehicle in favor of the Depositor. The Servicer is hereby authorized to take such steps as are necessary to re-perfect reperfect such security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee Collateral Agent in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Franklin Auto Trust 2008-A), Sale and Servicing Agreement (Franklin Receivables LLC), Sale and Servicing Agreement (Franklin Auto Trust 2006-1)

Maintenance of Security Interests in Financed Vehicles. The Servicer shall, in accordance with its customary servicing proceduresCustomary Practices and Procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed VehicleVehicle in favor of the applicable Affiliated Bank. 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 a Financed Vehicle or for any other reason.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bank One Texas National Association), Pooling and Servicing Agreement (Bank One Texas National Association)

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

Appears in 2 contracts

Samples: Servicing Agreement (Merrill Auto Trust Securitization 2008-1), Servicing Agreement (Merrill Auto Trust Securitization 2007-1)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. The Issuer hereby authorizes the Servicer is hereby authorized to take such steps as are necessary to re-perfect reperfect such security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P)

Maintenance of Security Interests in Financed Vehicles. The Servicer shallwill, in accordance with its customary servicing proceduresCustomary Servicing Practices, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Servicer is hereby authorized provisions set forth in this Section are the sole requirements under the Transaction Documents with respect to take such steps as are necessary to rethe maintenance of collateral or security on the 7 Sale and Servicing Agreement (2016-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.1)

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables LLC)

Maintenance of Security Interests in Financed Vehicles. (a) ------------------------------------------------------ The Servicer shall, in accordance with the Servicing Standard and its customary servicing procedures, take such steps as are necessary to maintain perfection of the first priority security interest created by each Receivable in the related Financed VehicleVehicle in favor of the Seller. 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 a Financed Vehicle or for any other reason.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. 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 Issuer in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 2 contracts

Samples: Receivables Servicing Agreement (Bear Stearns Asset Backed Funding Inc), Receivables Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the [Issuing Entity Entity][, Grantor Trust] and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC)

Maintenance of Security Interests in Financed Vehicles. 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 Standard Receivable in the related Financed Vehicle. The Trustee hereby authorizes 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 Trust in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (World Omni Auto Receivables LLC)

Maintenance of Security Interests in Financed Vehicles. (a) 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 VehicleVehicle in favor of the Depositor. The Servicer is hereby authorized to take such steps as are necessary to re-perfect reperfect such security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee Collateral Agent in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Franklin Auto Trust 2005-1)

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Maintenance of Security Interests in Financed Vehicles. 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 Standard Receivable and Fixed Value Receivable in the related Financed Vehicle. 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 a Financed Vehicle or for any other reason.steps

Appears in 1 contract

Samples: Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2000 B)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. The Servicer is hereby authorized to take such steps as are necessary to re-perfect reperfect such security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nal Financial Group Inc)

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

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Toyota Motor Credit Receivables Corp)

Maintenance of Security Interests in Financed Vehicles. The Master Servicer shallshall (or shall require the Receivables Servicer to), in accordance with its customary servicing proceduresCustomary Servicing Practices and at its own expense, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Issuer hereby authorizes the Master Servicer is hereby authorized to take such steps as are necessary (or the Receivables Servicer) to re-perfect such security interest on behalf of the Issuing Entity Issuer and the Indenture Trustee in the event Trustee, as necessary because of the relocation of a Financed Vehicle Vehicle, or for any other reason.

Appears in 1 contract

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

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. 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 a Financed Vehicle or for any other reason.of

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2005-C Owner Trust)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. 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 a Financed Vehicle or for any other reason.Fi-

Appears in 1 contract

Samples: Standard Terms and Conditions Agreement (Ford Credit Auto Receivables Corp)

Maintenance of Security Interests in Financed Vehicles. The Servicer shall, in accordance with its customary servicing procedures, shall take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed VehicleVehicle including but not limited to obtaining the execution by the Obligors and the recording, registering, filing, re-recording, re-registering and refiling of all security agreements, financing statements and continuation statements or instruments as are necessary to maintain the security interest granted by Obligors under the respective Receivables. The Trustee hereby authorizes the Servicer is hereby authorized to take such steps as are necessary to re-perfect or continue the perfection of such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.of

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asta Funding Inc)

Maintenance of Security Interests in Financed Vehicles. The Servicer shallwill, in accordance with its customary servicing policies and procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Issuer authorizes 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 if a Financed Vehicle is relocated or for any other reason.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2004-A)

Maintenance of Security Interests in Financed Vehicles. The Servicer shallServicer, in accordance with its customary servicing procedures, shall take such steps as are necessary to maintain perfection of the first priority security interest of the Seller created by each Receivable in the related any Financed VehicleVehicle which secures a Receivable. The Owner Trustee, on behalf of the Issuer, and the Indenture Trustee hereby authorize the Servicer, and the Servicer is hereby authorized agrees, 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 a Financed Vehicle or for any other reason.a

Appears in 1 contract

Samples: Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 2001 A)

Maintenance of Security Interests in Financed Vehicles. 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 Vehicle. 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 a Financed Vehicle or for any other reason.Financed

Appears in 1 contract

Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC)

Maintenance of Security Interests in Financed Vehicles. The Servicer shall, in accordance with its customary servicing proceduresprocedures and the standard of care set forth in Section 3.1, and at its own expense, take such steps as are necessary to maintain the continuous perfection of the security interest created by each Receivable in the related Financed VehicleVehicle at all times. The Purchaser hereby authorizes 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 such Purchaser, as necessary because of the relocation of a Financed Vehicle or for any other reason.

Appears in 1 contract

Samples: Servicing Agreement (Banc of America Securities Auto Trust 2005-Wf1)

Maintenance of Security Interests in Financed Vehicles. The Servicer shall, in accordance with its customary servicing proceduresprocedures and at its own expense, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Purchaser hereby authorizes 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 such Purchaser, as necessary because of the relocation of a Financed Vehicle Vehicle, or for any other reason.

Appears in 1 contract

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

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