Common use of Security Interest to Remain in Force Clause in Contracts

Security Interest to Remain in Force. Servicer shall not release any Financed Vehicle from the security interest granted by the related Receivable in whole or in part, except upon payment in full of the Receivable or as otherwise contemplated herein.

Appears in 41 contracts

Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing (M&i Dealer Auto Securitization LLC), Pooling and Servicing Agreement (Fifth Third Holdings Funding, LLC)

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Security Interest to Remain in Force. The Servicer shall will not release any the Financed Vehicle securing a Receivable from the security interest granted by the related Receivable in whole or in part, except upon payment in full as contemplated herein or voluntarily allow an Obligor to relocate outside the United States of the Receivable America or as otherwise contemplated hereinCanada.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Daimler Benz Vehicle Receivables Corp), Pooling and Servicing Agreement (Daimler Benz Vehicle Receivables Corp)

Security Interest to Remain in Force. Servicer shall not release any Financed Vehicle from the security interest granted by the related Receivable in whole or in part, except upon payment in full of the Receivable Receivable, release of such security interest to the insurance company in connection with a total loss claim under a Physical Damage Insurance Policy or as otherwise contemplated herein.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Wells Fargo Auto Receivables Corp), Sale and Servicing Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)

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Security Interest to Remain in Force. The Servicer shall not release any a Financed Vehicle securing a Receivable from the security interest granted by the related Receivable in whole except as contemplated herein or in part, except upon payment in full Section 6.8 of the Servicing Agreement, or as required by the terms of such Receivable or as otherwise contemplated herein.applicable law;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Chase Manhattan Bank Usa)

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