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)
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)