Common use of Security Interest in Funds and Investments Clause in Contracts

Security Interest in Funds and Investments. Assuming the retention of funds in the Accounts and the acquisition of Eligible Investments in accordance with the Transaction Documents, such funds and Eligible Investments will be subject to a valid and perfected, first priority security interest in favor of the Collateral Agent on behalf of the Indenture Trustee (on behalf of the Noteholders) and Financial Security.

Appears in 11 contracts

Samples: Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD)

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Security Interest in Funds and Investments. Assuming the retention of funds in the Accounts and the acquisition of Eligible Investments in accordance with the Transaction DocumentsAccounts, such funds and Eligible Investments will be subject to a valid and perfected, first priority security interest in favor of the Trust Collateral Agent on behalf of the Indenture Trustee (on behalf of the Noteholders) ), the Certificateholder and Financial Security.

Appears in 5 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F), Insurance and Indemnity Agreement (Americredit Automobile Receivables Trust 2005-C-F), Insurance and Indemnity Agreement (AFS SenSub Corp.)

Security Interest in Funds and Investments. Assuming the retention of funds in the Accounts (other than the Certificate Distribution Account) and the acquisition of Eligible Investments in accordance with the Transaction Documents, such funds and Eligible Investments will be subject to a valid and perfected, first priority security interest in favor of the Collateral Agent on behalf of the Indenture Trustee (on behalf of the Noteholders) and Financial Security.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD)

Security Interest in Funds and Investments. Assuming the retention of funds in the Accounts (other than the Certificate Account) and the acquisition of Eligible Investments in accordance with the Transaction Documents, such funds and Eligible Investments will be subject to a valid and perfected, first priority security interest in favor of the Collateral Agent on behalf of the Indenture Trustee (on behalf of the Noteholders) and Financial Security.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD)

Security Interest in Funds and Investments. Assuming the retention of funds in the Trust Accounts and the acquisition of Eligible Investments in accordance with the Transaction Documents, such funds and Eligible Investments will be subject to a valid and perfected, first priority security interest in favor of the Trustee. Assuming the retention of funds in the Spread Account and the acquisition of Eligible Investments in accordance with the Spread Account Agreement, such funds and Eligible Investments will be subject to a valid and perfected, first priority security interest in favor of the Collateral Agent on behalf of the Indenture Trustee (on behalf of the Noteholders) and Financial Security.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Financial Pacific Co)

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Security Interest in Funds and Investments. Assuming the retention of funds in the Trust Accounts and the acquisition of Eligible Permitted Investments in accordance with the Transaction Documents, such funds and Eligible Permitted Investments will be subject to a valid and perfected, first priority security interest in favor of the Trustee. Assuming the retention of funds in the Spread Account and the acquisition of Permitted Investments in accordance with the Spread Account Agreement, such funds and Permitted Investments will be subject to a valid and perfected, first priority security interest in favor of the Collateral Agent on behalf of Financial Security and the Indenture Trustee (on behalf of the Noteholders) and Financial SecurityTrustee.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (National Auto Finance Co Inc)

Security Interest in Funds and Investments. Assuming the retention of funds in the Trust Accounts and the acquisition of Eligible Permitted Investments in accordance with the Transaction Documents, such funds and Eligible Permitted Investments will be subject to a valid and perfected, first priority security interest in favor of the Trustee. Assuming the retention of funds in the Spread Account and the acquisition of Permitted Investments in accordance with the Spread Account Agreement, such funds and Permitted Investments will be subject to a valid and perfected, first priority security interest in favor of the Collateral Agent on behalf of the Indenture Trustee (on behalf of the Noteholders) and Financial Security.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (National Auto Finance Co Inc)

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