Subordination. If the Financial Institution has, or later obtains, a security interest in a Collateral Account (or any portion of a Collateral Account), the Financial Institution agrees that the security interest will be subordinate to the security interest of the Secured Party.
Appears in 116 contracts
Sources: Account Control Agreement (Ford Credit Auto Owner Trust 2025-C), Account Control Agreement (Ford Credit Auto Owner Trust 2025-C), Account Control Agreement (Ford Credit Floorplan LLC)
Subordination. If the Financial Institution has, or later subsequently obtains, by agreement, by operation of law or otherwise a security interest in a any Collateral Account (or any portion of a Collateral Accountthereof), the Financial Institution agrees that the such security interest will be subordinate to the security interest of the Secured Party.
Appears in 100 contracts
Sources: Account Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B)
Subordination. If the Financial Institution has, or later obtains, has a security interest in a Collateral Account (or any portion of a Collateral Account), the Financial Institution agrees that the security interest will be subordinate to the security interest of the Secured Party.
Appears in 36 contracts
Sources: Account Control Agreement (Ford Credit Auto Owner Trust 2018-B), Account Control Agreement (Ford Credit Auto Owner Trust 2018-B), Account Control Agreement (Ford Credit Auto Lease Trust 2018-B)
Subordination. If the Financial Institution has, or later obtains, a security interest in a the Collateral Account (or any portion of a Collateral Account), the Financial Institution agrees that the security interest will be subordinate to the security interest of the Secured Party.
Appears in 30 contracts
Sources: Account Control Agreement (Ford Credit Auto Lease Trust 2025-B), Account Control Agreement (Ford Credit Auto Lease Trust 2025-B), Account Control Agreement (CAB East LLC)
Subordination. If the Financial Institution has, or later subsequently obtains, by agreement, by operation of law or otherwise a security interest in a any Collateral Account (or any portion of a Collateral Accountthereof), the Financial Institution agrees that the security interest will be subordinate to the security interest of the Secured Party.
Appears in 17 contracts
Sources: Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Floorplan Master Owner Trust A)
Subordination. If the Financial Institution has, or later obtains, has a security interest in a Collateral Account (or any portion of a the Collateral Account), the Financial Institution agrees that the security interest will be subordinate to the security interest of the Secured Party.
Appears in 12 contracts
Sources: Account Control Agreement (Ford Credit Auto Lease Trust 2018-B), Account Control Agreement (Ford Credit Auto Lease Trust 2018-B), Account Control Agreement (Ford Credit Auto Lease Trust 2018-A)
Subordination. If the Financial Institution has, or later subsequently obtains, by agreement, by operation of law or otherwise a security interest in a any Collateral Account (or any portion of a any Collateral Account), the Financial Institution agrees that the security interest will be subordinate to the security interest of the Secured Party.
Appears in 8 contracts
Sources: Account Control Agreement (Ford Credit Auto Owner Trust 2015-B), Account Control Agreement (Ford Credit Auto Owner Trust 2015-B), Account Control Agreement (Ford Credit Auto Owner Trust 2015-A)