Common use of Additional Representation and Warranties Clause in Contracts

Additional Representation and Warranties. 1. 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.

Appears in 2 contracts

Samples: Sale and Servicing Agreement, Trust Sale and Servicing Agreement (Ally Wholesale Enterprises LLC)

AutoNDA by SimpleDocs

Additional Representation and Warranties. 1. 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 2.01 of the Trust Sale Pooling and Servicing Agreement (the "Trust Assets") in favor of the Issuing Entity which security interest is prior to all other Liens Liens, and is enforceable as such against creditors and purchasers from Ally Wholesale Enterprises Auto Receivables LLC.

Appears in 2 contracts

Samples: Trust Sale and Servicing Agreement (SWIFT Master Auto Receivables Trust), Trust Sale and Servicing Agreement (Wholesale Auto Receivables LLC)

Additional Representation and Warranties. 1. This Agreement creates create a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the related Vehicle Collateral Security property described in clauses (a) and (b) of Section 2.1 2.01 of the Trust Sale Pooling and Servicing Agreement (the “Trust Assets”) in favor of the Issuing Entity Trust which security interest is prior to all other Liens Liens, and is enforceable as such against creditors and purchasers from Ally Wholesale Enterprises Auto Receivables LLC.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)

AutoNDA by SimpleDocs

Additional Representation and Warranties. 1. This Agreement creates create a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the related Vehicle Collateral Security property described in clauses (a) and (b) of Section 2.1 2.01 of the Trust Sale Pooling and Servicing Agreement (the “Trust Assets”) in favor of the Issuing Entity Trust which security interest is prior to all other Liens Liens, and is enforceable as such against creditors and purchasers from Ally Wholesale Enterprises LLCWARCO.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Wholesale Auto Receivables Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.