Common use of Security Interests Clause in Contracts

Security Interests. The Depositor will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Step Transferred Property, whether now existing or hereafter transferred hereunder, or any interest therein, and the Depositor will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Depositor will promptly notify the Issuing Entity of the existence of any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Step Transferred Property and the Depositor shall defend the right, title and interest of the Issuing Entity (and the permitted assignees) in, to and under such Receivables and other Second Step Transferred Property, against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Depositor from suffering to exist Permitted Liens upon any portion of the Second Step Transferred Property.

Security Interests. The Depositor Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any portion of the Receivables or other Second First Step Transferred Property, whether now existing or hereafter transferred hereunder, or any interest therein, and the Depositor Seller will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Depositor Seller will promptly notify the Issuing Entity Purchaser of the existence of any Lien (other than Permitted Liens) on any portion of the Receivables or other Second First Step Transferred Property and the Depositor Seller shall defend the right, title and interest of the Issuing Entity Purchaser (and the permitted assignees) in, to and under such Receivables and other Second First Step Transferred Property, against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Depositor Seller from suffering to exist Permitted Liens upon any portion of the Second First Step Transferred Property.

Security Interests. The Depositor Issuing Entity will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Third Step Transferred Property, whether now existing or hereafter transferred hereunder, or any interest therein, and the Depositor Issuing Entity will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Depositor Issuing Entity will promptly notify the Issuing Entity Grantor Trust of the existence of any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Third Step Transferred Property and the Depositor Issuing Entity shall defend the right, title and interest of the Issuing Entity Grantor Trust (and the permitted assignees) in, to and under such Receivables and other Second Third Step Transferred Property, against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Depositor Issuing Entity from suffering to exist Permitted Liens upon any portion of the Second Third Step Transferred Property.

Security Interests. The Depositor Issuing Entity will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Third Step Transferred Property, whether now existing or hereafter transferred hereunder, or any interest therein, and the Depositor Issuing Entity will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Depositor Issuing Entity will promptly notify the Issuing Entity Grantor Trust of the existence of any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Third Step Transferred Property and the Depositor Issuing Entity shall defend the right, title and interest of the Issuing Entity Grantor Trust (and the permitted assignees) in, to and under such Receivables and other Second Third Step Transferred Property, against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Depositor Issuing Entity from suffering to exist Permitted Liens upon any portion of the Second Third Step Transferred Property.. 7 CRVNA 2022-P2 Receivables Contribution Agreement