Common use of Security Interest Clause in Contracts

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

Security Interest. This Agreement agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerPurchaser, which security interest is prior to all other Liens, Liens (other than Permitted Liens and any Lien which will be released prior to the assignment hereunder) and is enforceable as such against all creditors of and purchasers from the RPA Seller.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral Portfolio in favor of the IssuerCollateral Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerAdministrative Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the UCCUCC as in effect from time to time in the State of New York) in the Receivables Collateral in favor of the IssuerCollateral Agent, on behalf of the Secured Parties, which security interest is validly perfected under Article 9 of the UCC and is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerPurchaser, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerCollateral Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the UCCUCC as in effect from time to time in the State of New York) in the Receivables Collateral in favor of the IssuerAdministrative Agent, on behalf of the Secured Parties, which security interest is validly perfected under Article 9 of the UCC and is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Sale Portfolio in favor of the IssuerPurchaser, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Borrower’s rights in the Collateral Portfolio in favor of the IssuerCollateral Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid valid, continuing and continuing enforceable security interest (as defined in the applicable UCC) in the Receivables Loan Assets in favor of the IssuerTrust Depositor, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Originator;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerAdministrative Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the SellerBorrower.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral Portfolio in favor of the IssuerTrustee, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerCollateral Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the SellerBorrower.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Loan Assets in favor of the Issuer, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Trust Depositor;

Security Interest. (i) This Agreement creates a valid valid, continuing and continuing enforceable security interest (as defined in the applicable UCC) in the Receivables Loan Assets in favor of the Issuer, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Trust Depositor;

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables and the proceeds thereof in favor of the IssuerIssuing Entity, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the SellerDepositor.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the UCCUCC as in effect from time to time in the State of New York) in the Receivables Collateral in favor of the IssuerAdministrative Agent, on behalf of the Secured Parties, which security interest is validly perfected under Article 9 of the UCC and is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerTrustee, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the UCCUCC as in effect from time to time in the State of New York) in the Receivables Collateral in favor of the IssuerAdministrative Agent, on behalf of the Secured Parties, which security interest is validly perfected under Article 9 of the UCC and is prior to all other Liens other than Permitted Liens, and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerIssuer in all right, title and interest of Trust Depositor in the Loan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Trust Depositor;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerTrust Depositor in all right, title and interest of the Seller in the Loan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid valid, continuing and continuing enforceable security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the Issuer, Trustee on behalf of the Secured Parties which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (i) This Agreement creates a valid and continuing security interest in favor of the Issuer (as defined in the applicable UCC) in all right, title and interest of Trust Depositor in the Receivables in favor of the IssuerLoan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Trust Depositor;

Security Interest. (i) This Agreement creates a valid valid, continuing and continuing enforceable security interest (as defined in the applicable UCC) in the Receivables Purchased Assets in favor of the IssuerBuyer, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerTrust Depositor in all right, title and interest of the Originator in the Loan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Originator;

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Transferred Collateral in favor of the IssuerBuyer, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.

Security Interest. This Agreement agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables Collateral in favor of the IssuerAdministrator (for the benefit of the Secured Parties), which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Sellerof Borrower.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral of the Borrower in favor of the IssuerTrustee, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Borrower;

Security Interest. (1) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Assets in favor of the IssuerAdministrative Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerTrustee, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. This (i) this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Transferred Assets in favor of the IssuerBuyer and the Collateral Agent, as assignee, for the benefit of the Secured Parties, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Sale Assets in favor of the IssuerBuyer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Assets in favor of the IssuerTrustee, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Purchased Collateral in favor of the IssuerBuyer and the Administrative Agent as assignee on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Conveyed Assets in favor of the IssuerPurchaser, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerBuyer in all right, title and interest of the Seller in the Collateral Obligations, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables and the proceeds thereof in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Sale Portfolio in favor of the IssuerPurchaser, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Transferor;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Loan Assets in favor of the IssuerTrust Depositor, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Originator;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Loan Assets in favor of the Issuer, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Originator;

Security Interest. i.This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerAdministrative Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the SellerBorrower.

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerTrust Depositor in all right, title and interest of Originator in the Loan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Originator;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Purchased Collateral and Contributed Collateral in favor of the IssuerBuyer and the Trustee, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerTrust Depositor in all right, title and interest of the Seller in the 2013-1 Loan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Collateral in favor of the IssuerCompany, which security interest is prior to all other LiensAdverse Claims, and is enforceable as such against creditors of and purchasers from the Seller.Originators. The Collateral constitutes "accounts," "

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerTrust Depositor in all right, title and interest of the Seller in the 2012-1 Loan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Pledged Property in favor of the IssuerAgent on behalf of the Purchaser and the Surety Provider, which security interest is prior to all other Liens, liens and security interests and is enforceable as such against creditors of and purchasers from the Seller.. The Receivables constitute "

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables and the proceed thereof in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

Security Interest. This (i) this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Transferred Assets in favor of the IssuerBuyer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. This (i) this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Transferred Assets in favor of the IssuerBuyer and the Administrative Agent, as assignee, for the benefit of the Secured Parties, which security interest is validly perfected under Article 9 of the UCC (to the extent it may be perfected under such Article) and is prior to all other Liens (other than Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the IssuerIssuer in all right, title and interest of Originator in the Loan Assets, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Originator;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Sale Assets in favor of the IssuerBuyer and the Trustee as assignee of the Buyer, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Loan Assets in favor of the IssuerTrust, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Seller.Trust Depositor;

Security Interest. (i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Conveyed Assets in favor of the IssuerTransferee and the Collateral Agent (as assignee, for the benefit of the Secured Parties), which security interest is prior to all other Liens (except for Permitted Liens), validly perfected under Article 9 of the UCC and is enforceable as such against creditors of and purchasers from the Seller.Transferor;

Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables Purchased Assets in favor of the IssuerBuyer and the Trustee as assignee, for the benefit of the Trustee, the Investor Agent, the Swingline Investor and the Investors, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.