Common use of Protection of Owner Trust Estate Clause in Contracts

Protection of Owner Trust Estate. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders and the Swap Counterparty to be prior to all other liens in respect of the Owner Trust Estate, and the Issuer shall take all actions necessary to obtain and maintain, for the benefit of the Indenture Trustee on behalf of the Noteholders and the Swap Counterparty, a first lien on and a first priority, perfected security interest in the Owner Trust Estate. The Issuer will from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, all as prepared by the Administrator and delivered to the Issuer, and will take such other action necessary or advisable to: (i) grant more effectively any portion of the Owner Trust Estate; (ii) maintain or preserve the lien and security interest (and the priority thereof) created by this Indenture or carry out more effectively the purposes hereof; (iii) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (iv) enforce any of the Collateral; (v) preserve and defend title to the Owner Trust Estate and the rights of the Indenture Trustee and the Noteholders in such Owner Trust Estate against the claims of all persons and parties; or (vi) pay all taxes or assessments levied or assessed upon the Owner Trust Estate when due.

Protection of Owner Trust Estate. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders and the Swap Counterparty to be prior to all other liens in respect of the Owner Trust Estate, and the Issuer shall take all actions necessary to obtain and maintain, for the benefit of the Indenture Trustee on behalf of the Noteholders and the Swap CounterpartyNoteholders, a first lien on and a first priority, perfected security interest in the Owner Trust Estate. The Issuer will from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, all as prepared by the Administrator Servicer and delivered to the Issuer, and will take such other action necessary or advisable to: (i) grant Grant more effectively any portion of the Owner Trust Estate; (ii) maintain or preserve the lien and security interest (and the priority thereof) created by this Indenture or carry out more effectively the purposes hereof; (iii) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (iv) enforce any of the Collateral; (v) preserve and defend title to the Owner Trust Estate and the rights of the Indenture Trustee and the Noteholders in such Owner Trust Estate against the claims of all persons and parties; or (vi) pay all taxes or assessments levied or assessed upon the Owner Trust Estate when due. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required to be executed pursuant to this Section.

Protection of Owner Trust Estate. The Issuer Issuing Entity intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders [and the Swap Counterparty Counterparty] to be prior to all other liens in respect of the Owner Trust Estate, and the Issuer Issuing Entity shall take all actions necessary to obtain and maintain, for the benefit of the Indenture Trustee on behalf of the Noteholders [and the Swap Counterparty], a first lien on and a first priority, perfected security interest in the Owner Trust Estate. The Issuer will Issuing Entity shall from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, all as prepared by the Administrator Administrative Agent and delivered to the IssuerIssuing Entity, and will shall take such other action necessary or advisable to: (ia) grant Grant more effectively all or any portion of the Owner Trust EstateCollateral; (iib) maintain or preserve the lien and security interest (and the priority thereof) created by this Indenture or carry out more effectively the purposes hereof; (iiic) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (ivd) enforce any of the CollateralCollateral [(including all rights under any Interest Rate [Swap][Cap] Agreement)]; (ve) preserve and defend title to the Owner Trust Estate Collateral and the rights of the Indenture Trustee Trustee[,] [and] the Noteholders [and the Noteholders Swap Counterparty] in such Owner Trust Estate the Collateral against the claims of all persons and partiesPersons; or (vif) pay all taxes or assessments levied or assessed upon the Owner Trust Estate Collateral when due. The Issuing Entity hereby designates the Indenture Trustee its agent and attorney-in-fact to authorize, file and/or execute all financing statements, continuation statements or other instruments required to be authorized, executed and/or filed pursuant to this Section.

Protection of Owner Trust Estate. The Issuer Issuing Entity intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders [and the Swap Counterparty Counterparty] to be prior to all other liens in respect of the Owner Trust Estate, and the Issuer Issuing Entity shall take all actions necessary to obtain and maintain, for the benefit of the Indenture Trustee on behalf of the Noteholders [and the Swap Counterparty], a first lien on and a first priority, perfected security interest in the Owner Trust Estate. The Issuer will Issuing Entity shall from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, all as prepared by the Administrator Administrative Agent and delivered to the IssuerIssuing Entity, and will shall take such other action necessary or advisable to: (ia) grant Grant more effectively all or any portion of the Owner Trust EstateCollateral; (iib) maintain or preserve the lien and security interest (and the priority thereof) created by this Indenture or carry out more effectively the purposes hereof; (iiic) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (ivd) enforce any of the CollateralCollateral [(including all rights under any Interest Rate [Swap][Cap] Agreement)]; (ve) preserve and defend title to the Owner Trust Estate Collateral and the rights of the Indenture Trustee Trustee, the Noteholders [and the Noteholders [Swap Counterparty] in such Owner Trust Estate the Collateral against the claims of all persons and partiesPersons; or (vif) pay all taxes or assessments levied or assessed upon the Owner Trust Estate Collateral when due. The Issuing Entity hereby designates the Indenture Trustee its agent and attorney-in-fact to authorize, file and/or execute all financing statements, continuation statements or other instruments required to be authorized, executed and/or filed pursuant to this Section.

Protection of Owner Trust Estate. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders [and the Swap Counterparty Counterparty] to be prior to all other liens in respect of the Owner Trust Estate, and the Issuer shall take all actions necessary to obtain and maintain, for the benefit of the Indenture Trustee on behalf of the Noteholders [and the Swap Counterparty], a first lien on and a first priority, perfected security interest in the Owner Trust Estate. The Issuer will from time to time execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, all as prepared by the Administrator and delivered to the Issuer, and will take such other action necessary or advisable to: (i) grant more effectively any portion of the Owner Trust Estate; (ii) maintain or preserve the lien and security interest (and the priority thereof) created by this Indenture or carry out more effectively the purposes hereof; (iii) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (iv) enforce any of the Collateral; (v) preserve and defend title to the Owner Trust Estate and the rights of the Indenture Trustee and the Noteholders in such Owner Trust Estate against the claims of all persons and parties; or (vi) pay all taxes or assessments levied or assessed upon the Owner Trust Estate when due.