Common use of Status of Collateral Clause in Contracts

Status of Collateral. The Collateral is held by Dealership in trust for each of the Ally Parties. The Collateral must be and remain free from all confiscations, assessments, forfeitures, loss, destruction, impairment, tax liens and other liens, security interests, pledges, claims, and encumbrances except for:

Appears in 5 contracts

Samples: Inventory Financing and Security Agreement (Carvana Co.), Inventory Financing and Security Agreement (Carvana Co.), Financing and Security Agreement (Carvana Co.)

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Status of Collateral. The Collateral is held by Dealership in trust for each of the Ally Parties. The Collateral must be and remain free from all taxes, confiscations, assessments, forfeitures, loss, destruction, impairment, tax liens and other liens, security interests, pledges, claims, and encumbrances except for:

Appears in 4 contracts

Samples: Agreement (Vroom, Inc.), Inventory Financing and Security Agreement (CarLotz, Inc.), Agreement (Vroom, Inc.)

Status of Collateral. The Collateral is held by Dealership in trust for each of the Ally Parties. The Collateral must be and shall remain free from all confiscations, assessments, forfeitures, loss, destruction, impairment, tax liens and other liens, security interests, pledges, claims, and encumbrances except for:

Appears in 1 contract

Samples: Inventory Financing and Security Agreement (Carvana Co.)

Status of Collateral. The Collateral is held by Dealership Carvana in trust for each of the Ally Parties. The Collateral must be and shall remain free from all confiscations, assessments, forfeitures, loss, destruction, impairment, tax liens and other liens, security interests, pledges, claims, and encumbrances except for:: (a) the Security Interest arising under this Agreement or other agreements with the Ally Parties, or as otherwise contemplated by this Agreement or such other agreements with the Ally Parties;

Appears in 1 contract

Samples: Financing and Security Agreement (Carvana Co.)

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Status of Collateral. The Collateral is held by Dealership in trust for each of the Ally Parties. The Collateral must be and remain free from all taxes, confiscations, assessments, forfeitures, loss, destruction, impairment, tax liens and other liens, security interests, pledges, claims, and encumbrances except for:

Appears in 1 contract

Samples: Inventory Financing and Security Agreement (Shift Technologies, Inc.)

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