Common use of Perfection Clause in Contracts

Perfection. The Sponsor has represented that it has started procedures that will result in the perfection of a first priority security interest against each Obligor in the Financed Vehicles.

Appears in 55 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-A)

AutoNDA by SimpleDocs

Perfection. The Sponsor has represented that it has started procedures that will result in the perfection of a first priority security interest against each the applicable Obligor in the Financed Vehicles.

Appears in 55 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.