Common use of Reassignment of Certain Related Security Clause in Contracts

Reassignment of Certain Related Security. For any Vehicle as to which the Dealer Receivable has been satisfied in full by the related Dealer and for which Purchaser has not paid a Draft, Purchaser hereby agrees to reassign to Seller any security interest Purchaser may have in such Vehicle along with any documents or portions of documents assigned to Purchaser under Section 2(a) above.

Appears in 4 contracts

Samples: Sale and Assignment Agreement (Ford Credit Floorplan LLC), Sale and Assignment Agreement (Ford Credit Floorplan LLC), Sale and Assignment Agreement (Ford Credit Floorplan LLC)

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