Valid Pledge. It is the intention of the Issuer that each pledge herein contemplated constitutes the Grant of a perfected, first priority security interest in all Pledged Property to the Indenture Trustee for the benefit of the Series 1998-1 Noteholders.
Appears in 3 contracts
Samples: Supplement to Indenture (Household Automobile Revolving Trust I), Indenture Supplement (Household Auto Receivables Corp), Supplement to Indenture and Trust Agreement (Household Auto Receivables Corp)
Valid Pledge. It is the intention of the Issuer that each pledge herein contemplated constitutes the Grant of a perfected, first priority security interest in all Pledged Property to the Indenture Trustee for the benefit of the Series 19981999-1 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 each pledge herein contemplated constitutes the Grant of a perfected, first priority security interest in all Pledged Property to the Indenture Trustee for the benefit of the Series 1998-1 _____ Noteholders.
Appears in 1 contract
Samples: Supplement to Indenture (Household Auto Receivables Corp)
