Common use of Protection of the Trust Estate Clause in Contracts

Protection of the Trust Estate. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders to be prior to all other Liens in respect of the 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, a first Lien on and a first priority, perfected security interest in the 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, and will take such other action necessary or advisable to:

Appears in 39 contracts

Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2023-A)

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Protection of the Trust Estate. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders Issuer Secured Parties to be prior to all other Liens liens in respect of the Trust Estate, and the Issuer shall take all actions necessary to obtain and maintain, in favor of the Indenture Trustee for the benefit of the Indenture Trustee on behalf of the NoteholdersIssuer Secured Parties, a first Lien lien on and a first priority, perfected security interest in the Trust Estate. The Issuer will 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, and will shall take such other action necessary or advisable to:

Appears in 2 contracts

Samples: Indenture (Asset Backed Securities Corp), Asset Backed Securities Corp

Protection of the Trust Estate. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of Noteholders and the Noteholders Note Insurer to be prior to all other Liens liens in respect of the Trust Estate, and the Issuer shall take all actions necessary to obtain and maintain, in favor of the Trustee for the benefit of the Indenture Trustee on behalf of Noteholders and the NoteholdersNote Insurer, a first Lien lien on and a first priority, perfected security interest in the Trust Estate. The Issuer will 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, and will shall take such other action necessary or advisable to:

Appears in 1 contract

Samples: Paragon Auto Receivables Corp

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Protection of the Trust Estate. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Indenture Trustee on behalf of the Noteholders to be prior to all other Liens liens in respect of the Trust Estate, and the Issuer shall take all actions necessary to obtain and maintain, in favor of the Trustee for the benefit of the Indenture Trustee on behalf of the Noteholders, a first Lien lien on and a first priority, perfected security interest in the Trust Estate. The Issuer will 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, and will shall take such other action necessary or advisable to:

Appears in 1 contract

Samples: Paragon Auto Receivables Corp

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