Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.
Appears in 56 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables in favor of the IssuerDepositor, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable against all creditors of and purchasers from the DepositorSponsor.
Appears in 46 contracts
Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2015-B), Purchase Agreement (Ford Credit Auto Owner Trust 2015-B), Purchase Agreement (Ford Credit Auto Owner Trust 2015-A)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Depositor Transferred Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and of, purchasers from and transferees and absolute assignees of the Depositor.
Appears in 24 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Trust Property in favor of the Issuer, which Issuer that is prior to all other Liens, other than Permitted Liens, and is enforceable as such against all other creditors of and purchasers from the Depositor.
Appears in 21 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2013-D)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Trust Property in favor of the Issuer, which Issuer that is prior to all other Liens, Liens other than Permitted Liens, Liens and is enforceable as such against all other creditors of and purchasers from the Depositor.
Appears in 18 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2011-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2010-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2010-A)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Conveyed Assets in favor of the IssuerDepositor, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable as such as against creditors of and purchasers from the DepositorSeller.
Appears in 13 contracts
Samples: Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Conveyed Assets in favor of the Issuer, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable as such as against creditors of and purchasers from the Depositor.
Appears in 11 contracts
Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables, in favor of the Issuer, Issuer which security interest is prior to all other Liens, other than Permitted Liens, Liens and is enforceable as such as against all other creditors of and purchasers from the DepositorSeller.
Appears in 9 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2004-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-C)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Trust Property in favor of the Issuer, which Issuer that is prior to all other Liens, other than Permitted Liens, and is enforceable against all other creditors of and purchasers from the Depositor.
Appears in 8 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-A)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Borrower Collateral in favor of the Issuer, Collateral Agent which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the DepositorBorrower.
Appears in 6 contracts
Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables in favor of the Issuer, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable as such as against creditors of and purchasers from the Depositor.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2004-A)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Depositor Transferred Property in favor of the IssuerTrust, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and of, purchasers from and transferees and absolute assignees of the Depositor.
Appears in 5 contracts
Samples: Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables in favor of the IssuerPurchaser, which security interest is prior to all other Liens, other than Permitted Liens, Liens and is enforceable against all creditors of and purchasers from the DepositorSeller.
Appears in 4 contracts
Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2005-C), Purchase Agreement (Ford Credit Auto Owner Trust 2005-A), Purchase Agreement (Ford Credit Auto Owner Trust 2005-B)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables in favor of the IssuerDepositor, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable as such as against creditors of and purchasers from the DepositorSeller.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Vehicle Owner Trust 2004-A)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables in favor of the IssuerDepositor, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable isenforceable against all creditors of and purchasers from the DepositorSponsor.
Appears in 1 contract
Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2008-A)
Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables, in favor of the Issuer, Purchaser which security interest is prior to all other Liens, other than Permitted Liens, Liens and is enforceable as such as against all other creditors of and purchasers from the DepositorSeller.
Appears in 1 contract
Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2004-A)