Common use of Ownership Interest, Etc Clause in Contracts

Ownership Interest, Etc. The Servicer shall, at its expense, take all action reasonably necessary or desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim (other than Permitted Liens and Adverse Claims constituting Ineligible Amounts) in favor of the Administrator (on behalf of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the Purchasers) as the Administrator or any Purchaser Agent may reasonably request.

Ownership Interest, Etc. The Each Originator shall (and shall cause the Servicer shallto), at its expense, take all action reasonably necessary or reasonably desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, interest in the Pool Receivables, the Related Security Rights and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim (other than Permitted Liens and Adverse Claims constituting Ineligible Amounts) Claim, in favor of the Buyer (and the Administrator (on behalf of the Purchasers), as the Buyer’s assignee), including taking such action to perfect, protect or more fully evidence the interest of the Buyer (and the Administrator (on behalf of the Purchasers), as the Buyer’s assignee) as the Buyer, the Administrator or any Purchaser Agent may reasonably request.

Ownership Interest, Etc. The Seller shall (and shall cause the Servicer shallto), at its expense, take all action reasonably necessary or desirable to establish and maintain in favor of the Administrator (on behalf of the Purchasers) a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim (other than Permitted Liens and Adverse Claims constituting Ineligible Amounts) in favor of the Administrator (on behalf of the PurchasersClaims), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the Purchasers) as the Administrator or any Purchaser Agent Agent, may reasonably request.

Ownership Interest, Etc. The Seller shall (and shall cause the Servicer shallto), at its expense, take all action reasonably necessary or reasonably desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim (other than Permitted Liens and Adverse Claims constituting Ineligible Amounts) Claim, in favor of the Administrator (on behalf of the PurchasersIssuer, the Affected Persons and the Indemnified Parties), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the Purchasers) Issuer, the Affected Persons and the Indemnified Parties), as the Administrator or any Purchaser Agent the Issuer may reasonably request.

Ownership Interest, Etc. The Seller shall (and shall cause the Servicer shallto), at its expense, take all action reasonably necessary or desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim (other than Permitted Liens and Adverse Claims constituting Ineligible Amounts) Claim, in favor of the Administrator (on behalf of the PurchasersIssuer, the Affected Persons and the Indemnified Parties), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the PurchasersIssuer, the Affected Persons and the Indemnified Parties) as the Administrator or any Purchaser Agent may reasonably request.

Ownership Interest, Etc. The Seller shall (and shall cause the Servicer shallto), at its expense, take all action reasonably necessary or desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim (other than Permitted Liens and Adverse Claims constituting Ineligible Amounts) upon, in favor of the Administrator (on behalf of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the Purchasers) as the Administrator or any Purchaser Agent may reasonably request.. (l)

Ownership Interest, Etc. The Seller shall (and shall cause the Servicer shallto), at its expense, take all action reasonably necessary or desirable to establish and maintain a valid and enforceable first priority perfected undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim (other than Permitted Liens and Adverse Claims constituting Ineligible Amounts) Liens), in favor of the Administrator (on behalf of the PurchasersSecured Parties), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the PurchasersSecured Parties) as the Administrator or any Purchaser Agent Agent, may reasonably request.