Additional Representations and Warranties. 1. This Indenture creates a valid and continuing “security interest” (as defined in the Relevant UCC) in the Receivables in favor of the Indenture Trustee, which security interest is prior to all other Liens and is enforceable as such as against creditors of and purchasers from the Issuer.
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Samples: Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2014-4), Indenture (CarMax Auto Owner Trust 2023-3)
Additional Representations and Warranties. 1. This Indenture creates a valid and continuing “security interest” (as defined in the Relevant UCC) in the Receivables in favor of the Indenture Trustee, which security interest is prior to all other Liens and is enforceable as such as against creditors of and purchasers from the IssuerIssuing Entity.
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