Common use of Security Interest Representations Clause in Contracts

Security Interest Representations. (i) In the event that the transfer of the Specified Assets pursuant to the terms of this Agreement is held not to constitute a “true sale” or “true contribution,” this Agreement creates a valid and continuing security interest (as defined in the UCC) in the Specified Assets in favor of the Buyer, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller;

Security Interest Representations. (i1) In the event that the transfer of the Specified Second Tier Purchased Assets pursuant to the terms of this Agreement is held not to constitute a “true sale” or “true contribution,” this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Specified Second Tier Purchased Assets in favor of the BuyerIssuer, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the SellerTransferor;

Security Interest Representations. (i1) In the event that the transfer of the Specified Second Tier Purchased Assets pursuant to the terms of this Agreement is held not to constitute a “"true sale” " or “"true contribution,” ", this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Specified Second Tier Purchased Assets in favor of the BuyerIssuer, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the SellerTransferor;

Security Interest Representations. (i) In the event that the transfer of the Specified Assets pursuant to the terms of this Agreement is held not to constitute a “"true sale” " or “"true contribution,” ", this Agreement creates a valid and continuing security interest (as defined in the UCC) in the Specified Assets in favor of the Buyer, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller;

Security Interest Representations. (i) In the event that the transfer of the Specified Assets Portfolio Investments pursuant to the terms of this Agreement is held not to constitute a “true sale” or “true contribution,” this Agreement creates a valid and continuing security interest (as defined in the UCC) in the Specified Assets Portfolio Investments in favor of the Buyer, which security interest is prior to all other Liensliens, and is enforceable as such as against creditors of and purchasers from the Seller;