Common use of Security Interest in Sold Property Clause in Contracts

Security Interest in Sold Property. (A) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to any Lien, other than Permitted Liens, and is enforceable against all creditors of and purchasers from the Depositor.

Security Interest in Sold Property. (A) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to any Lienall other Liens, other than Permitted Liens, and is enforceable against all creditors of and purchasers from the Depositor.