Perfection. The Sponsor has represented that it has started procedures that will result in the perfection of a first priority security interest against each Obligor in the Financed Vehicles.
Appears in 51 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2019-C), Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Owner Trust 2016-A)
Perfection. The Sponsor has represented that it has started procedures that will result in the perfection of a first priority security interest against each the applicable Obligor in the Financed Vehicles.
Appears in 51 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-D), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2019-C), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
