Valid Pledge. It is the intention of the Issuer that the Pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate to the Indenture Trustee for the benefit of the Secured Parties.
Appears in 10 contracts
Samples: Series Supplement (Household Automotive Trust 2003-2), Series Supplement (HSBC Automotive Trust (USA) 2006-1), Series Supplement (Household Automotive Trust 2004-1)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2000-2 Noteholders.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Automotive Trust v Series 2000 2)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2001-1 Noteholders.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Automotive Trust 2001-1)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries ______ Noteholders.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Auto Receivables Corp)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2000-1 Noteholders.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Automotive Trust Iv Series 2000-1)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2000-3 Noteholders.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Automotive Trust Vi Series 2000 3)
