Common use of Priority Clause in Contracts

Priority. Other than the security interest granted to the Issuer pursuant to this Agreement, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Seller Property. None of the Originator, the Servicer nor the Seller has authorized the filing of, or is aware of any financing statements against either the Seller, the Originator or the Trust that includes a description of the Seller Property and proceeds related thereto other than any financing statement: (i) relating to the sale of Conveyed Property by the Originator to the Seller under the Sale and Contribution Agreement, (ii) relating to the security interest granted to the Trust hereunder, (iii) relating to the security interest granted to the Trust Collateral Agent under the Indenture; or (iv) that has been terminated or amended to reflect a release of the Seller Property.

Priority. Other than the security interest granted to the Issuer Indenture Trustee pursuant to this Agreementthe Indenture, the Seller Trust has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Seller Trust Property. None of the Originator, the Servicer nor the Seller has authorized the filing of, or is aware of any financing statements against either the Seller, the Originator or the Trust that includes a description of the Seller Property Collateral and proceeds related thereto other than any financing statement: (i) relating to the sale of the Conveyed Property (as defined in the Sale and Contribution Agreement) by the Originator to the Seller under the Sale and Contribution Agreement, ; (ii) relating to the security interest granted to the Trust hereunder, under the Sale and Servicing Agreement; (iii) relating to the security interest granted to the Trust Collateral Agent Indenture Trustee under the Indenture; or (iv) that has been terminated or amended to reflect a release of the Seller PropertyCollateral.

Priority. Other than the security interest granted to the Issuer Indenture Trustee pursuant to this Agreementthe Indenture, the Seller Trust has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Seller Trust Property. None of the Originator, the Servicer nor the Seller has authorized the filing of, or is aware of any financing statements against either the Seller, the Originator or the Trust that includes a description of the Seller Property Collateral and proceeds related thereto other than any financing statement: (i) relating to the sale of Conveyed the Originator Property by the Originator to the Seller under the Sale and Contribution Agreement, ; (ii) relating to the security interest granted to the Trust hereunder, under the Sale and Servicing Agreement; (iii) relating to the security interest granted to the Trust Collateral Agent Indenture Trustee under the Indenture; or (iv) that has been terminated or amended to reflect a release of the Seller PropertyCollateral.

Priority. Other than the security interest granted to the Issuer pursuant to this Agreement, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Seller Property. None of the Originator, the Servicer nor the Seller has authorized the filing of, or is aware of any financing statements against either the Seller, the Originator or the Trust that includes a description of the Seller Property and proceeds related thereto other than any financing statement: (i) relating to the sale of Conveyed Contributed Property by the Originator to the Seller under the Sale and Contribution Agreement, (ii) relating to the security interest granted to the Trust hereunder, (iii) relating to the security interest granted to the Trust Collateral Agent under the Indenture; or (iv) that has been terminated or amended to reflect a release of the Seller Property.

Priority. Other than the security interest granted to the Issuer Trust pursuant to this Agreement, the Seller Depositor has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Collateral. Neither the Seller Property. None of the Originator, the Servicer nor the Seller Depositor has authorized the filing of, or is aware of any financing statements against either the Seller, the Originator Seller or the Trust Depositor that includes a description of the Seller Property Collateral and proceeds related thereto other than any financing statement: (i) relating to the sale transfer of Conveyed Property the Contracts by the Originator Seller to the Seller Depositor under the Sale and Contribution Agreement, ; (ii) relating to the security interest granted sale of the Contracts by the Depositor to the Trust hereunder, under this Agreement; (iii) relating to the security interest granted to the Indenture Trustee by the Trust Collateral Agent under the Indenture; or (iv) that has been terminated or amended to reflect a release of the Seller PropertyCollateral.

Priority. Other than the security interest granted to the Issuer pursuant to this Agreement, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Seller Property. None of the Originator, the Servicer nor the Seller has authorized the filing of, or is aware of any financing statements against either the Seller, the Originator or the Trust that includes a description of the Seller Property and proceeds related thereto other than any financing statement: (i) relating to the sale of Conveyed Contributed Property by the Originator to the Seller under the Sale and Contribution Agreement, (ii) relating to the security interest granted to the Trust hereunder, (iii) relating to the security interest granted to the Trust Collateral Agent under the Indenture; or (iv) that has been terminated or amended to reflect a release of the Seller Property.