Secured Party and Pledgor. All references in this Annex to the “Secured Party” mean Party B, and all references in this Annex to the “Pledgor” mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”
Appears in 17 contracts
Samples: Master Agreement (Volkswagen Auto Loan Enhanced Trust 2008-1), Isda Master Agreement (Nissan Auto Leasing LLC Ii), Master Agreement (World Omni Auto Receivables Trust 2008-A)
Secured Party and Pledgor. All references in this Annex to the “"Secured Party” " mean Party B, and all references in this Annex to the “"Pledgor” " mean Party A; provided, however, that if Other Posted Support is held by Party B, all references herein to the Secured Party with respect to that Other Posted Support will be to Party B as the beneficiary thereof and will not subject that support or Party B as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.”"
Appears in 1 contract
Samples: Master Agreement (SWIFT Master Auto Receivables Trust)
