Use of Collateral. Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, the Servicing Agreement or any other Basic Document, as appropriate.
Appears in 43 contracts
Samples: Back Up Security Agreement (BMW Vehicle Lease Trust 2024-2), Back Up Security Agreement (BMW Vehicle Lease Trust 2024-2), Back Up Security Agreement (BMW Vehicle Lease Trust 2024-1)
Use of Collateral. Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, Documents and the Servicing Agreement or any other Basic DocumentAgreement, as appropriate.
Appears in 12 contracts
Samples: Back Up Security Agreement (Nissan Auto Leasing LLC Ii), Back Up Security Agreement (Nissan Auto Leasing LLC Ii), Back Up Security Agreement (Nissan-Infiniti Lt)
Use of Collateral. Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, the Servicing Agreement or any other Basic Document, as appropriate. Section 2.05.
Appears in 3 contracts
Samples: Back Up Security Agreement, Back Up Security Agreement, Back Up Security Agreement
Use of Collateral. Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, the Servicing Agreement or any other Basic Document, as appropriate.Section 2.05.
Appears in 2 contracts
Samples: Back Up Security Agreement (BMW Vehicle Lease Trust 2022-1), Back Up Security Agreement (BMW Vehicle Lease Trust 2022-1)
Use of Collateral. Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, the SUBI Servicing Agreement Agreement, the UTI Supplement or any other Basic Document, as appropriate.
Appears in 2 contracts
Samples: Back Up Security Agreement (Toyota Lease Trust), Back Up Security Agreement (Toyota Lease Trust)
Use of Collateral. Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, Documents and the SUBI Servicing Agreement or any other Basic DocumentAgreement, as appropriate.
Appears in 1 contract
