Common use of Priority Clause in Contracts

Priority. Other than the security interests granted to CNHCR pursuant to the Purchase Agreement and the Liquidity Receivables Purchase Agreement, and any other security interest which has been released or terminated, CNHCA has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. CNHCA has not authorized the filing of and is not aware of any financing statements against CNHCA that include a description of collateral covering the Receivables other than any financing statement (i) relating to the security interests granted to CNHCR under the Purchase Agreement and the Liquidity Receivables Purchase Agreement (ii) that has been terminated or released the Receivables from such security interest, or (iii) that has been granted pursuant to the terms of the Basic Documents. None of the tangible chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have pledged, assigned or otherwise conveyed to any Person other than Indenture Trustee.

Priority. Other than the security interests granted to CNHCR pursuant to the Purchase Agreement and the Liquidity Receivables Purchase Agreement, and any other security interest which has been released or terminated, CNHCA CNHICA has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. CNHCA CNHICA has not authorized the filing of and is not aware of any financing statements against CNHCA CNHICA that include a description of collateral covering the Receivables other than any financing statement (i) relating to the security interests granted to CNHCR under the Purchase Agreement and the Liquidity Receivables Purchase Agreement Agreement, (ii) that has been terminated or released the Receivables from such security interest, or (iii) that has been granted pursuant to the terms of the Basic Documents. None of the tangible chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have pledged, assigned or otherwise conveyed to any Person other than Indenture Trustee.

Priority. Other than the security interests granted to CNHCR pursuant to the Purchase Agreement and the Liquidity Receivables Purchase Agreement, and any other security interest which has been released or terminated, CNHCA has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. CNHCA has not authorized the filing of and is not aware of any financing statements against CNHCA that include a description of collateral covering the Receivables other than any financing statement (i) relating to the security interests granted to CNHCR under the Purchase Agreement and the Liquidity Receivables Purchase Agreement Agreement, (ii) that has been terminated or released the Receivables from such security interest, or (iii) that has been granted pursuant to the terms of the Basic Documents. None of the tangible chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have pledged, assigned or otherwise conveyed to any Person other than Indenture Trustee.

Priority. Other than the security interests granted to CNHCR the Issuer pursuant to the Purchase Sale and Servicing Agreement and the security interests granted under the Liquidity Receivables Purchase AgreementAgreements, and any other security interest which has have been released or terminatedreleased, CNHCA CNHCR has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. CNHCA CNHCR has not authorized the filing of and is not aware of any financing statements against CNHCA CNHCR that include a description of collateral covering the Receivables other than any financing statement (i) relating to the security interests granted to CNHCR the Issuer under the Purchase Sale and Servicing Agreement and the security interests granted under the Liquidity Receivables Purchase Agreement Agreements, which have been released (ii) that has been terminated or released the Receivables from such security interestterminated, or (iii) that has been granted pursuant to the terms of the Basic Documents. None of the tangible chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have pledged, assigned or otherwise conveyed to any Person other than the Indenture Trustee. CNHCR is not aware of any judgment, ERISA or tax lien filings against it.

Priority. Other than the security interests granted to CNHCR pursuant to the CNHCA Purchase Agreement and the CNHCA Liquidity Receivables Purchase Agreement, and any other security interest which has been released or terminated, CNHCA has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the CNHCA Receivables. CNHCA has not authorized the filing of and is not aware of any financing statements against CNHCA that include a description of collateral covering the CNHCA Receivables other than any financing statement (i) relating to the security interests granted to CNHCR under the CNHCA Purchase Agreement and the CNHCA Liquidity Receivables Purchase Agreement (ii) that has been terminated or released the Receivables from such security interestterminated, or (iii) that has been granted pursuant to the terms of the Basic Documents. None of the tangible chattel paper that constitutes or evidences the CNHCA Receivables has any marks or notations indicating that they have pledged, assigned or otherwise conveyed to any Person other than Indenture Trustee.

Priority. Other than the security interests granted to CNHCR the Issuing Entity pursuant to the Purchase Sale and Servicing Agreement and the security interests granted under the Liquidity Receivables Purchase AgreementAgreements, and any other security interest which has have been released or terminatedreleased, CNHCA CNHCR has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. CNHCA CNHCR has not authorized the filing of and is not aware of any financing statements against CNHCA CNHCR that include a description of collateral covering the Receivables other than any financing statement (i) relating to the security interests granted to CNHCR the Issuing Entity under the Purchase Sale and Servicing Agreement and the security interests granted under the Liquidity Receivables Purchase Agreement Agreements, which have been released (ii) that has been terminated or released the Receivables from such security interestterminated, or (iii) that has been granted pursuant to the terms of the Basic Documents. None of the tangible chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have pledged, assigned or otherwise conveyed to any Person other than the Indenture Trustee. CNHCR is not aware of any judgment, ERISA or tax lien filings against it.