Common use of Protection of Interest in Collateral Clause in Contracts

Protection of Interest in Collateral. With respect to the Collateral Purchased by the Buyer from the Seller, the Seller will (i) sell such Collateral pursuant to and in accordance with the terms of this Agreement, (ii) (at the Seller’s expense) take all action necessary to perfect, protect and more fully evidence the Buyer’s, or its assignee’s, ownership of or security interest in such Collateral free and clear of any Lien, other than the Lien created hereunder and Permitted Liens, as provided in Section 2.01(n) including, without limitation (a) filing and maintaining (at the Seller’s expense) effective financing statements in all necessary or appropriate filing offices and filing all continuation statements, amendments or assignments with respect thereto in the appropriate filing offices, and (b) executing or causing to be executed such other instruments or notices as may be necessary or appropriate, and (iii) take all additional action that the Buyer or the Trustee, as applicable, may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral and of the Trustee, for the benefit of the Secured Parties under the Indenture.

Protection of Interest in Collateral. With respect to the Collateral Purchased by the Depositor from the Seller and by the Buyer from the SellerDepositor, each of the Seller and the Depositor will (i) sell such Collateral pursuant to and in accordance with the terms of this Agreement, (ii) (at the Seller’s expense) take all action necessary to perfect, protect and more fully evidence the Depositor’s or Buyer’s, as applicable, or its their respective assignee’s, ownership of or security interest in such Collateral free and clear of any Lien, other than the Lien created hereunder and Permitted Liens, as provided in Section 2.01(n) including, without limitation (a) filing and maintaining (at the Seller’s expense) effective financing statements in all necessary or appropriate filing offices and filing all continuation statements, amendments or assignments with respect thereto in the appropriate filing offices, and (b) executing or causing to be executed such other instruments or notices as may be necessary or appropriate, and (iii) take all additional action that the Depositor, the Buyer or the Trustee, as applicable, may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral and of the Trustee, for the benefit of the Secured Parties under the Indenture.

Protection of Interest in Collateral. With respect to the Collateral Purchased purchased by the Buyer from the Seller, the Seller will (i) sell such Collateral pursuant to and in accordance with the terms of this Agreement, (ii) (at the Seller’s expense) take all action necessary to perfect, protect and more fully evidence the Buyer’s, or its assignee’s, ownership of or security interest in such Collateral free and clear of any Lien, other than the Lien created hereunder and Permitted Liens, as provided in Section 2.01(n) including, without limitation (a) filing and maintaining (at the Seller’s expense) effective financing statements in all necessary or appropriate filing offices and filing all continuation statements, amendments or assignments with respect thereto in the appropriate filing offices, and (b) executing or causing to be executed such other instruments or notices as may be necessary or appropriate, and (iii) take all additional action that the Buyer or the Trustee, as applicable, may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Collateral and of the Trustee, for the benefit of the Secured Parties under the Indenture.