Common use of Protection of Title to Collateral Clause in Contracts

Protection of Title to Collateral. (a) The Administrator shall authorize or execute, as applicable, and file such financing statements or amendments to financing statements and cause to be authorized or executed, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Noteholders, the Certificateholders, the AART Indenture Trustee and the Issuing Entity under the Trust Sale Agreement and the Second Step Secured Notes Assignment in the Second Step Purchased Property and in the proceeds thereof. The Administrator shall deliver (or cause to be delivered) to the AART Indenture Trustee and the AART Owner Trustee file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

Appears in 7 contracts

Samples: Administration Agreement (Ally Auto Assets LLC), Administration Agreement (Ally Auto Assets LLC), Administration Agreement (Ally Auto Receivables Trust 2013-Sn1)

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Protection of Title to Collateral. (a) The Administrator Depositor shall authorize or execute, as applicable, and file such financing statements or amendments to financing statements and cause to be authorized or executed, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Noteholders, the Certificateholders, the AART Indenture Trustee and the Issuing Entity under the Trust Sale this Agreement and the Second Step Secured Notes Assignment in the Second Step Purchased Property and in the proceeds thereof. The Administrator Depositor shall deliver (or cause to be delivered) to the AART Indenture Trustee and the AART Owner Trustee Issuing Entity file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

Appears in 6 contracts

Samples: Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Receivables Trust 2013-Sn1)

Protection of Title to Collateral. (a) The Administrator shall authorize or executeprepare, as applicable, and file such financing statements or amendments to financing statements and cause to be authorized or executedprepared, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Noteholders, the Certificateholders, the AART Indenture Trustee and the Issuing Entity under the Trust Sale Agreement and the Second Step Secured Notes Assignment in the Second Step Purchased Property and in the proceeds thereof. The Administrator shall deliver (or cause to be delivered) to the AART Indenture Trustee and the AART Owner Trustee file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

Appears in 5 contracts

Samples: Administration Agreement (Ally Auto Assets LLC), Administration Agreement (Ally Auto Assets LLC), Administration Agreement (Ally Auto Assets LLC)

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Protection of Title to Collateral. (a) The Depositor or the Administrator or both shall authorize or executeprepare, as applicable, and file such financing statements or amendments to financing statements and cause to be authorized or executedprepared, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Noteholders, the Certificateholders, the AART CARAT Indenture Trustee and the Issuing Entity under the Trust Sale this Agreement and the Second Step Secured Notes Assignment in the Second Step Purchased Property and in the proceeds thereof. The Depositor or the Administrator or both shall deliver (or cause to be delivered) to the AART CARAT Indenture Trustee and the AART CARAT Owner Trustee file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

Appears in 1 contract

Samples: Servicing Agreement (Capital Auto Receivables LLC)

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