Common use of Protection of Trust Clause in Contracts

Protection of Trust. The Issuer will from time to time prepare, or cause to be prepared, 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: (a) Grant more effectively all or any portion of the Collateral as security for the Notes; (b) maintain or preserve the lien (and the priority thereof) of this Indenture or to carry out more effectively the purposes hereof; (c) perfect, publish notice of, or protect the validity of any Grant made or to be made by this Indenture; (d) enforce any of the Collateral; or (e) preserve and defend title to the Collateral securing the Notes and the rights therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons and parties. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required pursuant to this Section. The Issuer shall pay or cause to be paid any taxes levied on all or any part of Receivables securing the Notes.

Appears in 6 contracts

Samples: Master Indenture (Household Affinity Funding Corp Iii), Master Indenture (Hrsi Funding Inc Ii), Master Indenture (Household Consumer Loan Corp Ii)

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Protection of Trust. The Issuer will from time to time prepare, or cause to be prepared, 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: (ai) Grant grant more effectively all or any portion of the Collateral as security Trust Assets for the Notes; (bii) maintain or preserve the lien Lien (and the priority thereof) of this Indenture the Agreement or to carry out more effectively the purposes hereof; (ciii) perfect, publish notice of, or protect the validity of any Grant made or to be made by this Indenture; (div) enforce any of the Collateral; or (ev) preserve and defend title to the Collateral securing the Notes and the rights therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons and partiesPersons. The If the Issuer fails to perform its duties as set forth in this Section, the Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required pursuant to this Section. The Issuer shall will pay or cause to be paid any taxes levied on all or any part of Receivables the Trust Assets securing the Notes.

Appears in 3 contracts

Samples: Indenture (Ford Credit Floorplan LLC), Indenture (Ford Credit Floorplan Corp), Indenture (Ford Credit Floorplan LLC)

Protection of Trust. The Issuer will from time to time prepare, or cause to be prepared, 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: (ai) Grant grant more effectively all or any portion of the Collateral as security Trust Assets for the Notes; (bii) maintain or preserve the lien Lien (and the priority thereof) of this Indenture or to carry out more effectively the purposes hereof; (ciii) perfect, publish notice of, or protect the validity of any Grant made or to be made by this Indenture; (div) enforce any of the Collateral; or (ev) preserve and defend title to the Collateral Trust Assets securing the Notes and the rights therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons persons and parties. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required pursuant to this Section. The Issuer shall will pay or cause to be paid any taxes levied on all or any part of Receivables securing the Notes.

Appears in 2 contracts

Samples: Indenture (Nissan Wholesale Receivables Corp Ii), Indenture (Nissan Wholesale Receivables Corp Ii)

Protection of Trust. The Issuer will from time to time prepare, or cause to be prepared, 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: (a) Grant grant more effectively all or any portion of the Collateral as security for the Notes; (b) maintain or preserve the lien (and the priority thereof) of this Master Indenture or to carry out more effectively the purposes hereof; (c) perfect, publish notice of, or protect the validity of any Grant made or to be made by under this Master Indenture; (d) enforce any Grant of the Collateral; or (e) preserve and defend title to the Collateral securing the Notes and the rights therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons and parties. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required pursuant to this Section. The Issuer shall pay or cause to be paid any taxes levied on all or any part of Receivables the Collateral securing the Notes.

Appears in 2 contracts

Samples: Master Indenture (Nordstrom Inc), Master Indenture (Nordstrom Inc)

Protection of Trust. The Issuer will from time to time prepare, or cause to be prepared, 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: (a) Grant grant more effectively all or any portion of the Collateral as security for the Notes; (b) maintain or preserve the lien (and the priority thereof) of this Indenture or to carry out more effectively the purposes hereof; (c) perfect, publish notice of, or protect the validity of any Grant made or to be made by under this Indenture; (d) enforce any Grant of the Collateral; or (e) preserve and defend title to the Collateral securing the Notes and the rights therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons and parties. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required pursuant to this Section. The Issuer shall pay or cause to be paid any taxes levied on all or any part of Receivables the Collateral securing the Notes.

Appears in 2 contracts

Samples: Master Indenture (Nordstrom Credit Inc), Master Indenture (Bon Ton Stores Inc)

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Protection of Trust. The Issuer will from time to time prepare, or cause to be prepared, 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: (a) Grant more effectively all or any portion of the Collateral as security Trust Assets for the Notes; (b) maintain or preserve the lien (and the priority thereof) of this Indenture or to carry out more effectively the purposes hereof; (c) perfect, publish notice of, or protect the validity of any Grant made or to be made by this Indenture; (d) enforce any of the Collateral; or (e) preserve and defend title to the Collateral Trust Assets securing the Notes and the rights therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons persons and parties. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required pursuant to this Section. The Issuer shall pay or cause to be paid any taxes levied on all or any part of Receivables securing the Notes.

Appears in 1 contract

Samples: Master Indenture (Household Credit Card Master Note Trust I)

Protection of Trust. The Issuer will from time to time prepare, or cause to be prepared, 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: (ai) Grant grant more effectively all or any portion of the Collateral as security Trust Assets for the Notes; (bii) maintain or preserve the lien Lien (and the priority thereof) of this Indenture the Agreement or to carry out more effectively the purposes hereof; (ciii) perfect, publish notice of, or protect the validity of any Grant made or to be made by this Indenture; (div) enforce any of the Collateral; or (ev) preserve and defend title to the Collateral Trust Assets securing the Notes and the rights therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons persons and parties. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any financing statement, continuation statement or other instrument required pursuant to this Section. The Issuer shall will pay or cause to be paid any taxes levied on all or any part of Receivables securing the Notes.

Appears in 1 contract

Samples: Indenture (Ford Credit Auto Receivables LLC)

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