Common use of Notice of Claim Clause in Contracts

Notice of Claim. If a Person asserts a lien, encumbrance or claim against a Collateral Account (or in the cash or other financial assets credited to a Collateral Account), the Financial Institution will promptly notify the Secured Party.

Appears in 130 contracts

Samples: Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Account Control Agreement (Ford Credit Auto Owner Trust 2024-B)

AutoNDA by SimpleDocs

Notice of Claim. If a Person asserts a lien, encumbrance or claim Lien against a Collateral Account (or in the cash or other financial assets credited to a Collateral Account), the Financial Institution will promptly notify the Secured Party.

Appears in 55 contracts

Samples: Control Agreement (Verizon Master Trust), Control Agreement (Verizon Master Trust), Control Agreement (Verizon Master Trust)

Notice of Claim. If a Person asserts a lien, encumbrance or claim against a the Collateral Account (or in the cash or other financial assets credited to a the Collateral Account), the Financial Institution will promptly notify the Secured Party.

Appears in 36 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Account Control Agreement (Ford Credit Auto Lease Trust 2024-B), Account Control Agreement (Ford Credit Auto Lease Trust 2024-A)

AutoNDA by SimpleDocs

Notice of Claim. If a Person asserts a lien, encumbrance or claim Lien against a the Collateral Account (or in the cash or other financial assets credited to a the Collateral Account), the Financial Institution will promptly notify the Secured Party.

Appears in 3 contracts

Samples: Control Agreement (Verizon Master Trust), Control Agreement (Verizon Master Trust), Account Control Agreement (Verizon Master Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!