Common use of Liens Clause in Contracts

Liens. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on the Collateral other than Permitted Liens.

Appears in 284 contracts

Sources: Administration Agreement (Porsche Leasing Ltd.), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Liens. The Administrator will not directly or indirectly create, suffer or allow or suffer to exist any Lien on the Collateral other than Permitted Liens.

Appears in 165 contracts

Sources: Administration Agreement (Santander Drive Auto Receivables Trust 2025-4), Administration Agreement (Santander Drive Auto Receivables Trust 2025-4), Administration Agreement (Drive Auto Receivables Trust 2025-2)

Liens. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on the Collateral other than Permitted Liens.Liens.β€Œ

Appears in 2 contracts

Sources: Administration Agreement, Administration Agreement