Common use of No Liens Clause in Contracts

No Liens. The Seller has no knowledge of any liens or claims that have been filed, including liens for work, labor or materials or for unpaid State or federal taxes, relating to any Financed Vehicle that are prior to, or equal or coordinate with, the security interest in such Financed Vehicle created by the related Receivable.

Appears in 108 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (CarMax Auto Owner Trust 2024-4), Receivables Purchase Agreement (Carmax Auto Funding LLC)

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No Liens. The Seller has no knowledge of any liens or claims that have been filed, including liens for work, labor or materials or for unpaid State state or federal taxes, relating to any Financed Vehicle that are prior to, or equal or coordinate with, the security interest in such Financed Vehicle created by the related Receivable.

Appears in 6 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Owner Trust 2005-3), Receivables Purchase Agreement (CarMax Auto Owner Trust 2004-1), Receivables Purchase Agreement (CarMax Auto Owner Trust 2004-2)

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