Common use of Perfection Clause in Contracts

Perfection. The Seller has taken all steps necessary to perfect its security interest against the related Obligors in the property securing the EFLLC Receivables.

Appears in 56 contracts

Sources: Purchase Agreement (Exeter Automobile Receivables Trust 2026-1), Purchase Agreement (Exeter Automobile Receivables Trust 2026-1), Purchase Agreement (Exeter Automobile Receivables Trust 2025-5)

Perfection. The Seller has taken all steps necessary to perfect its security interest against the related Obligors in the property securing the EFLLC EFIT Receivables.

Appears in 8 contracts

Sources: Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-2)

Perfection. The Seller has taken all steps necessary to perfect its security interest against the related Obligors in the property securing the EFLLC Receivables...

Appears in 3 contracts

Sources: Purchase Agreement (Efcar, LLC), Purchase Agreement (Efcar, LLC), Purchase Agreement (Efcar, LLC)