Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.” (iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.” (iv) Only Party A makes the representations contained in Paragraph 9 of this Annex. (v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.” (vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 4 contracts
Samples: Credit Support Annex, Credit Support Annex (Fifth Third Holdings Funding, LLC), Credit Support Annex (Volkswagen Auto Loan Enhanced Trust 2008-2)
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-Set off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 3 contracts
Samples: Credit Support Annex (World Omni Auto Receivables Trust 2008-A), Credit Support Annex (World Omni Auto Receivables Trust 2008-B), Credit Support Annex (World Omni Auto Receivables LLC)
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “:” “ ‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 2 contracts
Samples: Credit Support Annex (Volkswagen Auto Loan Enhanced Trust 2007-1), Credit Support Annex (Nissan-Infiniti Lt)
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s 's Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 1 contract
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “:” “ ‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”” (vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:: “ ‘Fitch’ means Fitch Ratings, or any successor to the rating business of such entity.”
Appears in 1 contract
Samples: Credit Support Annex (Nissan Auto Receivables 2008-C Owner Trust)
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.. 8 Credit Support Annex
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.:”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 1 contract
Samples: Credit Support Annex (Nissan Auto Receivables Corp Ii)
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) ” Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) ” Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 1 contract
Samples: Isda Master Agreement (Nissan Auto Receivables Corp Ii)
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: :” “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 1 contract
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: :” “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 1 contract
Samples: Credit Support Annex
Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
(iii) Paragraph 2 of this Annex is amended by deleting the first sentence thereof and restating that sentence in full as follows: “Party A, as the Pledgor, hereby pledges to Party B, as the Secured Party, as security for the Pledgor’s Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.”
(iv) Only Party A makes the representations contained in Paragraph 9 of this Annex.
(v) Paragraph 12 of this Annex is amended by deleting the definitions of “Pledgor” and “Secured Party” and replacing them with the following: “‘Secured Party’ means Party B. ‘Pledgor’ means Party A.”
(vi) Paragraph 12 is hereby amended by adding, in alphabetical order, the following:
Appears in 1 contract
Samples: Credit Support Annex (World Omni Auto Receivables Trust 2007-A)