Vehicle Collateral Security definition

Vehicle Collateral Security. With respect to an Account and the Receivables arising under such Account, the security interest in the Vehicles of the related Dealer granted to secure the obligations of such Dealer in connection therewith and any proceeds therefrom.
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Vehicle Collateral Security. With respect to a Receivable, the security interest in the applicable Financed Vehicle granted to secure the obligations of such Dealer in connection therewith and any proceeds therefrom. Voting Interests: As of any date, the aggregate beneficial ownership interests in the outstanding Certificates.
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Examples of Vehicle Collateral Security in a sentence

  • Two or more Manufacturers that the aggregate amount of all Eligible Principal Receivables held by the Issuing Entity as of that date for which the related Vehicle Collateral Security is a Vehicle manufactured by one of those Manufacturers is 50.0% or more of the Pool Balance.

  • As of any date, a Manufacturer that the aggregate amount of all Eligible Principal Receivables held by the Issuing Entity as of that date for which the related Vehicle Collateral Security is a Vehicle manufacturer by such Manufacturer is 35.0% (or, in the case of Chrysler, 25.0%) or more of the Pool Balance.

  • This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the related Vehicle Collateral Security described in clauses (a) and (b) of Section 2.01 of the Pooling and Servicing Agreement (the "Trust Assets") in favor of the Issuing Entity which security interest is prior to all other Liens, and is enforceable as such against creditors and purchasers from Wholesale Auto Receivables LLC.

  • This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the related Vehicle Collateral Security described in clauses (a) and (b) of Section 2.1 of the Trust Sale and Servicing Agreement (the “Trust Assets”) in favor of the Issuing Entity which security interest is prior to all other Liens and is enforceable as such against creditors and purchasers from Ally Wholesale Enterprises LLC.

  • As of any date, a Manufacturer that the aggregate amount of all Eligible Principal Receivables held by the Issuing Entity as of that date for which the related Vehicle Collateral Security is a Vehicle manufactured by such Manufacturer is 35.0% (or, in the case of Chrysler, 25.0%) or more of the Pool Balance.