Common use of Retention of Interest Clause in Contracts

Retention of Interest. (a) Each of the Secured Parties acknowledges that the relevant Seller and the Guarantor each have an interest in the Shared Security to the extent of the Related Loan beneficially owned (or owned) by such Seller or the Guarantor, as the case may be.

Appears in 4 contracts

Samples: Security Sharing Agreement, Security Sharing Agreement, Security Sharing Agreement

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Retention of Interest. (a) Each of the Secured Parties acknowledges that the relevant Seller Seller, the Originator and the Guarantor each have an interest in the Shared Security to the extent of the Related Loan beneficially owned (or owned) by such Seller Seller, the Originator or the Guarantor, as the case may be.

Appears in 1 contract

Samples: Security Sharing Agreement

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