Security Interest in Financed Equipment. Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority purchase money security interest (as defined in the applicable UCC) in the Financed Equipment in favor of the Seller as secured party or, in accordance with its customary standards, policies and servicing procedures, the Seller has taken all steps as are necessary to result in a validly perfected first priority purchase money security interest (as defined in the applicable UCC) in the Financed Equipment in favor of the Seller as secured party. Documents UCC documents Retail note contract Data tape Procedures to be Performed
Appears in 29 contracts
Samples: Asset Representations Review Agreement (Deere John Capital Corp), Asset Representations Review Agreement (John Deere Receivables LLC), Asset Representations Review Agreement (Deere John Capital Corp)
Security Interest in Financed Equipment. Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority purchase money security interest (as defined in the applicable UCC) in the Financed Equipment in favor of the Seller as secured party or, in accordance with its customary standards, policies and servicing procedures, the Seller has taken all steps as are necessary to result in a validly perfected first priority purchase money security interest (as defined in the applicable UCC) in the Financed Equipment in favor of the Seller as secured party. Documents UCC documents Retail note contract Data tape Procedures to be Performedtape
Appears in 6 contracts
Samples: Asset Representations Review Agreement (Deere John Capital Corp), Asset Representations Review Agreement (John Deere Receivables LLC), Asset Representations Review Agreement (John Deere Receivables LLC)
Security Interest in Financed Equipment. Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority purchase money security interest (as defined in the applicable UCC) in the Financed Equipment in favor of the Seller as secured party or, in accordance with its customary standards, policies and servicing procedures, the Seller has taken all steps as are necessary to result in a validly perfected first priority purchase money security interest (as defined in the applicable UCC) in the Financed Equipment in favor of the Seller as secured party. Documents UCC documents Retail note contract Data tape Sale Contract Procedures to be Performed
Appears in 1 contract
Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.)
