Security Interests. Except for the conveyances and grants of security interests hereunder and contemplated pursuant to this Agreement and the other Basic Documents, the RPA Seller shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Receivable or interest therein, and the RPA Seller shall defend the right, title and interest of the Purchaser in, to and under such Receivables against all claims of third parties claiming through or under the RPA Seller; provided, however, that the RPA Seller’s obligations under this Section 2.04(a) shall terminate upon the termination of the Trust pursuant to Section 9.01 of the Trust Agreement.
Appears in 62 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2024-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2024-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2024-1 Owner Trust)
Security Interests. Except for the conveyances and grants of security interests hereunder and contemplated pursuant to this Agreement and the other Basic Documents, the RPA Seller shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Receivable or interest therein, and the RPA Seller shall defend the right, title and interest of the Purchaser in, to and under such Receivables against all claims of third parties claiming through or under the RPA Seller; provided, however, that the RPA Seller’s obligations under this Section 2.04(a) shall terminate upon the termination of the Trust pursuant to Section 9.01 of the Trust Agreement.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (American Honda Receivables LLC), Receivables Purchase Agreement (American Honda Receivables LLC), Receivables Purchase Agreement (American Honda Receivables LLC)
