Common use of APPENDIX B Additional Representations and Warranties Clause in Contracts

APPENDIX B Additional Representations and Warranties. While it is the intention of the Seller and C▇▇▇ that the transfer and assignment contemplated by this Agreement and the First Step Receivables Assignment shall constitute sales of the Purchased Property from the Seller to C▇▇▇, this Agreement, the Trust Sale and Servicing Agreement and the Indenture create a valid and continuing security interest (as defined in the applicable UCC) in the Purchased Property in favor of C▇▇▇, the Trust and the Indenture Trustee, as applicable, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller, C▇▇▇ and the Issuing Entity, respectively.

APPENDIX B Additional Representations and Warranties. While it is the intention of the Seller and C▇▇▇ Ally Auto that the transfer and assignment contemplated by this Agreement and the First Step Receivables Assignment shall constitute sales of the Purchased Property from the Seller to C▇▇▇Ally Auto, this Agreement, the Trust Sale and Servicing Agreement and the Indenture create a valid and continuing security interest (as defined in the applicable UCC) in the Purchased Property in favor of C▇▇▇Ally Auto, the Trust and the Indenture Trustee, as applicable, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller, C▇▇▇ Ally Auto and the Issuing Entity, respectively.

APPENDIX B Additional Representations and Warranties. While it is the intention of the Seller and C▇▇▇▇ that the transfer and assignment contemplated by this Agreement and the First Step Receivables Assignment shall constitute sales of the Purchased Property from the Seller to C▇▇▇▇, this Agreement, the Trust Sale and Servicing Agreement and the Indenture create a valid and continuing security interest (as defined in the applicable UCC) in the Purchased Property in favor of C▇▇▇▇, the Trust and the Indenture Trustee, as applicable, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller, C▇▇▇▇ and the Issuing Entity, respectively.

APPENDIX B Additional Representations and Warranties. While it is the intention of the Seller and C▇▇▇ that the transfer and assignment contemplated by this Agreement and the First Step Receivables Assignment shall constitute sales of the Purchased Property from the Seller GMAC to C▇▇▇, this Agreement, the Trust Sale and Servicing Agreement and the Indenture create a valid and continuing security interest (as defined in the applicable UCC) in the Purchased Property in favor of C▇▇▇, the Trust and the Indenture Trustee, as applicable, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller, C▇▇▇ and the Issuing Entity, respectively.