{"component": "clause", "props": {"groups": [{"size": 203, "snippet_links": [{"key": "the-seller", "type": "clause", "offset": [0, 10]}, {"key": "financing-statements", "type": "definition", "offset": [68, 88]}, {"key": "description-of-collateral", "type": "definition", "offset": [124, 149]}, {"key": "relating-to", "type": "definition", "offset": [209, 220]}, {"key": "security-interests-granted", "type": "clause", "offset": [221, 247]}, {"key": "the-transaction-documents", "type": "clause", "offset": [254, 279]}, {"key": "assignment-of", "type": "definition", "offset": [315, 328]}, {"key": "will-be-terminated", "type": "clause", "offset": [357, 375]}, {"key": "this-agreement", "type": "clause", "offset": [398, 412]}, {"key": "security-interest-in-the-receivables", "type": "clause", "offset": [444, 480]}, {"key": "related-security", "type": "definition", "offset": [497, 513]}, {"key": "to-the-extent", "type": "clause", "offset": [536, 549]}, {"key": "ownership-interest", "type": "clause", "offset": [558, 576]}, {"key": "in-favor-of", "type": "definition", "offset": [645, 656]}, {"key": "the-issuer", "type": "clause", "offset": [657, 667]}, {"key": "other-liens", "type": "definition", "offset": [708, 719]}, {"key": "permitted-liens", "type": "definition", "offset": [732, 747]}, {"key": "other-creditors", "type": "definition", "offset": [788, 803]}], "samples": [{"hash": "7zeX2bcJXbL", "uri": "/contracts/7zeX2bcJXbL#security-interests", "label": "Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2022-2)", "score": 33.2409324646, "published": true}, {"hash": "1bbBNqbslBJ", "uri": "/contracts/1bbBNqbslBJ#security-interests", "label": "Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2022-2)", "score": 33.2272415161, "published": true}, {"hash": "5vzSxF491Nr", "uri": "/contracts/5vzSxF491Nr#security-interests", "label": "Sale and Servicing Agreement (Santander Drive Auto Receivables LLC)", "score": 32.9863090515, "published": true}], "snippet": "The Seller has not authorized the filing of and is not aware of any financing statements against the Seller that includes a description of collateral covering any Receivable other than any financing statement relating to security interests granted under the Transaction Documents or that have been or, prior to the assignment of such Receivables hereunder, will be terminated, amended or released. This Agreement creates a valid and continuing security interest in the Receivables (other than the Related Security with respect thereto, to the extent that an ownership interest therein cannot be perfected by the filing of a financing statement) in favor of the Issuer which security interest is prior to all other Liens (other than Permitted Liens) and is enforceable as such against all other creditors of and purchasers and assignees from the Seller.", "hash": "9fe69d6aad2c0da88b01644b2a5b2d1b", "id": 1}, {"size": 134, "snippet_links": [{"key": "the-depositor", "type": "definition", "offset": [0, 13]}, {"key": "transfer-to", "type": "definition", "offset": [47, 58]}, {"key": "any-other-person", "type": "definition", "offset": [59, 75]}, {"key": "permitted-liens", "type": "definition", "offset": [149, 164]}, {"key": "the-receivables", "type": "clause", "offset": [184, 199]}, {"key": "second-step-transferred-property", "type": "definition", "offset": [209, 241]}, {"key": "notify-the", "type": "clause", "offset": [465, 475]}, {"key": "issuing-entity", "type": "clause", "offset": [476, 490]}, {"key": "the-right", "type": "clause", "offset": [656, 665]}, {"key": "title-and-interest", "type": "clause", "offset": [667, 685]}, {"key": "permitted-assignees", "type": "definition", "offset": [717, 736]}, {"key": "claims-of-third-parties", "type": "clause", "offset": [828, 851]}, {"key": "this-subsection", "type": "definition", "offset": [888, 903]}, {"key": "prohibit-the", "type": "clause", "offset": [934, 946]}], "samples": [{"hash": "awQZKuqcLvL", "uri": "/contracts/awQZKuqcLvL#security-interests", "label": "Receivables Transfer Agreement (Carvana Receivables Depositor LLC)", "score": 34.9644088745, "published": true}, {"hash": "4yUstm2dXyF", "uri": "/contracts/4yUstm2dXyF#security-interests", "label": "Receivables Transfer Agreement (Carvana Receivables Depositor LLC)", "score": 34.1731681824, "published": true}, {"hash": "f1YV4w9VUqg", "uri": "/contracts/f1YV4w9VUqg#security-interests", "label": "Receivables Transfer Agreement (Carvana Auto Receivables Trust 2024-P2)", "score": 33.4476394653, "published": true}], "snippet": "The Depositor will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Step Transferred Property, whether now existing or hereafter transferred hereunder, or any interest therein, and the Depositor will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Depositor will promptly notify the Issuing Entity of the existence of any Lien (other than Permitted Liens) on any portion of the Receivables or other Second Step Transferred Property and the Depositor shall defend the right, title and interest of the Issuing Entity (and the permitted assignees) in, to and under such Receivables and other Second Step Transferred Property, against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Depositor from suffering to exist Permitted Liens upon any portion of the Second Step Transferred Property.", "hash": "729fd8299612d98cb477958ac2eedb7b", "id": 3}, {"size": 172, "snippet_links": [{"key": "no-party", "type": "clause", "offset": [0, 8]}, {"key": "escrow-agreement", "type": "definition", "offset": [17, 33]}, {"key": "security-interest", "type": "clause", "offset": [48, 65]}, {"key": "other-property", "type": "clause", "offset": [83, 97]}, {"key": "the-escrow-agent", "type": "definition", "offset": [113, 129]}, {"key": "other-claim", "type": "definition", "offset": [202, 213]}], "samples": [{"hash": "hoiYjLVUHx2", "uri": "/contracts/hoiYjLVUHx2#security-interests", "label": "Escrow Agreement (T. Rowe Price OHA Select Private Credit Fund)", "score": 32.6344985962, "published": true}, {"hash": "e52l3oOV3lF", "uri": "/contracts/e52l3oOV3lF#security-interests", "label": "Escrow Agreement (T. Rowe Price OHA Select Private Credit Fund)", "score": 32.2429847717, "published": true}, {"hash": "f3V6p0yMhqI", "uri": "/contracts/f3V6p0yMhqI#security-interests", "label": "Escrow Agreement (Nuveen Churchill Private Capital Income Fund)", "score": 31.5147151947, "published": true}], "snippet": "No party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against the same.", "hash": "2e419ba97b81e94cc4086dc0a27c3ad9", "id": 2}, {"size": 132, "snippet_links": [{"key": "seller-covenants", "type": "clause", "offset": [42, 58]}, {"key": "transfer-to", "type": "definition", "offset": [100, 111]}, {"key": "any-other-person", "type": "definition", "offset": [112, 128]}, {"key": "the-receivables", "type": "clause", "offset": [355, 370]}, {"key": "the-seller-to-the-purchaser", "type": "clause", "offset": [376, 403]}, {"key": "seller-will", "type": "clause", "offset": [409, 420]}, {"key": "notify-the", "type": "clause", "offset": [433, 443]}, {"key": "lien-created", "type": "clause", "offset": [515, 527]}, {"key": "the-transaction-documents", "type": "clause", "offset": [540, 565]}, {"key": "the-seller-shall", "type": "clause", "offset": [572, 588]}, {"key": "the-right", "type": "clause", "offset": [596, 605]}, {"key": "title-and-interest", "type": "clause", "offset": [607, 625]}, {"key": "of-the-purchaser", "type": "clause", "offset": [626, 642]}, {"key": "claims-of-third-parties", "type": "clause", "offset": [732, 755]}], "samples": [{"hash": "8gJ8WTPrgh6", "uri": "/contracts/8gJ8WTPrgh6#security-interests", "label": "Receivables Purchase Agreement (CarMax Auto Owner Trust 2026-3)", "score": 35.5530471802, "published": true}, {"hash": "fIlb2DxfNQy", "uri": "/contracts/fIlb2DxfNQy#security-interests", "label": "Receivables Purchase Agreement (CarMax Auto Owner Trust 2026-3)", "score": 35.5366172791, "published": true}, {"hash": "4gwxjAafKED", "uri": "/contracts/4gwxjAafKED#security-interests", "label": "Receivables Purchase Agreement (CarMax Select Receivables Trust 2026-B)", "score": 35.4544830322, "published": true}], "snippet": "Except for the conveyances hereunder, the Seller covenants that it will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Receivable, whether now existing or hereafter created, or any interest therein, except for Liens that will be released contemporaneously with the transfer of the Receivables from the Seller to the Purchaser. The Seller will immediately notify the Purchaser of the existence of any Lien on any Receivable (other than a Lien created pursuant to the Transaction Documents), and the Seller shall defend the right, title and interest of the Purchaser in, to and under the Receivables, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller.", "hash": "87ed283adebcfc189f7e8fcd2269a09d", "id": 4}, {"size": 79, "snippet_links": [{"key": "grants-of-security-interests", "type": "clause", "offset": [31, 59]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [87, 113]}, {"key": "other-basic-documents", "type": "clause", "offset": [122, 143]}, {"key": "seller-shall", "type": "clause", "offset": [153, 165]}, {"key": "transfer-to", "type": "definition", "offset": [194, 205]}, {"key": "any-other-person", "type": "definition", "offset": [206, 222]}, {"key": "the-right", "type": "clause", "offset": [355, 364]}, {"key": "title-and-interest", "type": "clause", "offset": [366, 384]}, {"key": "of-the-purchaser", "type": "clause", "offset": [385, 401]}, {"key": "claims-of-third-parties", "type": "clause", "offset": [448, 471]}, {"key": "termination-of-the-trust", "type": "clause", "offset": [619, 643]}, {"key": "pursuant-to-section", "type": "definition", "offset": [644, 663]}, {"key": "the-trust-agreement", "type": "clause", "offset": [672, 691]}], "samples": [{"hash": "7luplm8qZzf", "uri": "/contracts/7luplm8qZzf#security-interests", "label": "Receivables Purchase Agreement (Honda Auto Receivables 2026-2 Owner Trust)", "score": 35.3613967896, "published": true}, {"hash": "ieientkbFZJ", "uri": "/contracts/ieientkbFZJ#security-interests", "label": "Receivables Purchase Agreement (Honda Auto Receivables 2026-2 Owner Trust)", "score": 35.3449707031, "published": true}, {"hash": "5SYdy6byiRQ", "uri": "/contracts/5SYdy6byiRQ#security-interests", "label": "Receivables Purchase Agreement (Honda Auto Receivables 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{"key": "filing-offices", "type": "definition", "offset": [2809, 2823]}, {"key": "applicable-law", "type": "clause", "offset": [2863, 2877]}, {"key": "in-order-to", "type": "clause", "offset": [2878, 2889]}, {"key": "due-inquiry", "type": "definition", "offset": [3055, 3066]}, {"key": "description-of-the-collateral", "type": "clause", "offset": [3130, 3159]}, {"key": "lien-filings", "type": "clause", "offset": [3265, 3277]}, {"key": "the-collection-account", "type": "clause", "offset": [3298, 3320]}, {"key": "capital-subaccount", "type": "clause", "offset": [3371, 3389]}, {"key": "securities-account", "type": "clause", "offset": [3406, 3424]}, {"key": "meaning-of", "type": "clause", "offset": [3437, 3447]}, {"key": "the-securities-intermediary", "type": "clause", "offset": [3596, 3623]}, {"key": "having-a", "type": "definition", "offset": [3719, 3727]}, {"key": "security-entitlement", "type": "definition", "offset": [3728, 3748]}, {"key": "no-collection", "type": "clause", "offset": [3813, 3826]}, {"key": "consented-to", "type": "definition", "offset": [3921, 3933]}, {"key": "comply-with", "type": "definition", "offset": [3991, 4002]}, {"key": "entitlement-orders", "type": "clause", "offset": [4003, 4021]}, {"key": "property-has", "type": "definition", "offset": [4116, 4128]}, {"key": "agreed-to", "type": "definition", "offset": [4276, 4285]}, {"key": "all-assets", "type": "clause", "offset": [4292, 4302]}, {"key": "financial-assets", "type": "clause", "offset": [4360, 4376]}, {"key": "allocated-to", "type": "definition", "offset": [4425, 4437]}, {"key": "a-first-priority", "type": "definition", "offset": [4501, 4517]}, {"key": "all-funds", "type": "clause", "offset": [4573, 4582]}, {"key": "on-deposit", "type": "definition", "offset": [4604, 4614]}, {"key": "securities-entitlements", "type": "definition", "offset": [4632, 4655]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [4674, 4708]}, {"key": "delivery-of", "type": "clause", "offset": [4772, 4783]}, {"key": "the-issuance", "type": "clause", "offset": [4803, 4815]}, {"key": "storm-recovery-bonds", "type": "definition", "offset": [4823, 4843]}, {"key": "funds-in", "type": "definition", "offset": [4895, 4903]}, {"key": "lien-of-the-indenture", "type": "definition", "offset": [5016, 5037]}, {"key": "party-hereto", "type": "definition", "offset": [5067, 5079]}, {"key": "pursuant-to-a", "type": "definition", "offset": [5087, 5100]}, {"key": "supplemental-indenture", "type": "clause", "offset": [5101, 5123]}, {"key": "article-ix", "type": "clause", "offset": [5152, 5162]}, {"key": "rating-agency-condition", "type": "definition", "offset": [5183, 5206]}], "samples": [{"hash": "iE6Y8eA9fkX", "uri": "/contracts/iE6Y8eA9fkX#security-interests", "label": "Indenture (Duke Energy Carolinas SC Storm Funding LLC)", "score": 36.8987007141, "published": true}, {"hash": "lH7yrqj4srp", "uri": "/contracts/lH7yrqj4srp#security-interests", "label": "Indenture (Duke Energy Carolinas SC Storm Funding LLC)", "score": 36.879535675, "published": true}, {"hash": "a22ugb3q7Lz", "uri": "/contracts/a22ugb3q7Lz#security-interests", "label": "Indenture (Duke Energy Carolinas SC Storm Funding LLC)", "score": 36.8056144714, "published": true}], "snippet": "The Issuer hereby makes the following representations and warranties. Other than the security interests granted to the Indenture Trustee pursuant to this Indenture, the Issuer has not pledged, granted, sold, conveyed or otherwise assigned any interests or security interests in the Collateral and no security agreement, financing statement or equivalent security or Lien instrument listing the Issuer as debtor covering all or any part of the Collateral is on file or of record in any jurisdiction, except such as may have been filed, recorded or made by the Issuer in favor of the Indenture Trustee on behalf of the Secured Parties in connection with this Indenture. This Indenture constitute a valid and continuing lien on, and first priority perfected security interest in, the Storm Recovery Collateral in favor of the Indenture Trustee on behalf of the Secured Parties, which lien and security interest is prior to all other Liens and is enforceable as such as against creditors of and purchasers from the Issuer in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws affecting creditors\u2019 rights generally or by general equitable principles, whether considered in a proceeding at law or in equity and by an implied covenant of good faith and fair dealing. With respect to all Storm Recovery Collateral, this Indenture, together with the Series Supplement, creates a valid and continuing first priority perfected security interest (as defined in the UCC) in such related Storm Recovery Collateral, which security interest is prior to all other Liens and is enforceable as such as against creditors of and purchasers from the Issuer in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws affecting creditors\u2019 rights generally or by general equitable principles, whether considered in a proceeding at law or in equity and by an implied covenant of good faith and fair dealing. The Issuer has good and marketable title to the Collateral free and clear of any Lien of any Person other than Permitted Liens. All of the Collateral constitutes Property or accounts, deposit accounts, investment property or general intangibles (as each such term is defined in the UCC), except that proceeds of the Collateral may also take the form of instruments. The Issuer has taken, or caused the Servicer to take, all action necessary to perfect the security interest in the Storm Recovery Collateral granted to the Indenture Trustee, for the benefit of the Secured Parties. The Issuer has filed (or has caused the Servicer to file) all appropriate financing statements in the proper filing offices in the appropriate jurisdictions under applicable law in order to perfect the security interest in the Storm Recovery Collateral granted to the Indenture Trustee. The Issuer has not authorized the filing of and is not aware, after due inquiry, of any financing statements against the Issuer that include a description of the Collateral other than those filed in favor of the Indenture Trustee. The Issuer is not aware of any judgment or tax lien filings against the Issuer. The Collection Account (including all subaccounts thereof other than the Capital Subaccount) constitutes a \u201csecurities account\u201d within the meaning of the UCC and the Capital Subaccount constitutes a \u201cdeposit account\u201d within the meaning of the UCC. The Issuer has taken all steps necessary to cause the Securities Intermediary of each such securities account to identify in its records the Indenture Trustee as the Person having a security entitlement against the Securities Intermediary in such securities account, no Collection Account is in the name of any Person other than the Indenture Trustee, and the Issuer has not consented to the Securities Intermediary of the Collection Account to comply with entitlement orders of any Person other than the Indenture Trustee. All of the Collateral constituting investment property has been and will have been credited to the Collection Account or a subaccount thereof, and the Securities Intermediary for the Collection Account has agreed to treat all assets credited to the Collection Account (other than cash) as \u201cfinancial assets\u201d within the meaning of the UCC and cash will be allocated to the Capital Subaccount. Accordingly, the Indenture Trustee has a first priority perfected security interest in the Collection Account, all funds and financial assets on deposit therein, and all securities entitlements relating thereto. The representations and warranties set forth in this Section 2.18 shall survive the execution and delivery of this Indenture and the issuance of any Storm Recovery Bonds, shall be deemed re-made on each date on which any funds in the Collection Account are distributed to the Issuer as provided in Section 8.04 or otherwise released from the Lien of the Indenture and may not be waived by any party hereto except pursuant to a supplemental indenture executed in accordance with Article IX and as to which the Rating Agency Condition has been satisfied.", "hash": "fac251d5ac866ef8a43578fddc2703ee", "id": 7}, {"size": 90, "snippet_links": [{"key": "title-company", "type": "definition", "offset": [118, 131]}, {"key": "pursuant-to", "type": "clause", "offset": [160, 171]}, {"key": "escrow-instructions", "type": "clause", "offset": [172, 191]}, {"key": "to-the-extent", "type": "clause", "offset": [230, 243]}, {"key": "valid-security-interest", "type": "clause", "offset": [347, 370]}, {"key": "the-personal-property", "type": "clause", "offset": [374, 395]}, {"key": "related-mortgage", "type": "definition", "offset": [439, 455]}, {"key": "mortgaged-property", "type": "clause", "offset": [464, 482]}, {"key": "mortgage-loan-is", "type": "definition", "offset": [494, 510]}, {"key": "hospitality-property", "type": "definition", "offset": [525, 545]}, {"key": "the-security-agreements", "type": "clause", "offset": [556, 579]}, {"key": "other-instruments", "type": "definition", "offset": [605, 622]}, {"key": "related-to", "type": "clause", "offset": [632, 642]}, {"key": "loan-secured", "type": "definition", "offset": [656, 668]}, {"key": "all-items", "type": "definition", "offset": [746, 755]}, {"key": "owned-by", "type": "definition", "offset": [777, 785]}, {"key": "conduct-in-the-ordinary-course", "type": "clause", "offset": [834, 864]}, {"key": "the-mortgagor", "type": "definition", "offset": [868, 881]}, {"key": "subject-only", "type": "definition", "offset": [928, 940]}, {"key": "purchase-money-security-interests", "type": "clause", "offset": [944, 977]}, {"key": "personal-property-leases", "type": "definition", "offset": [979, 1003]}, {"key": "and-security", "type": "clause", "offset": [1004, 1016]}, {"key": "to-secure", "type": "clause", "offset": [1027, 1036]}, {"key": "revolving-lines-of-credit", "type": "clause", "offset": [1037, 1062]}, {"key": "similar-financing", "type": "definition", "offset": [1067, 1084]}, {"key": "sent-for", "type": "definition", "offset": [1209, 1217]}, {"key": "applicable-law", "type": "clause", "offset": [1363, 1377]}, {"key": "such-security", "type": "definition", "offset": [1378, 1391]}, {"key": "statement-under", "type": "clause", "offset": [1513, 1528]}, {"key": "assignment-of", "type": "definition", "offset": [1558, 1571]}, {"key": "the-assignee", "type": "clause", "offset": [1629, 1641]}, {"key": "information-which", "type": "clause", "offset": [1658, 1675]}, {"key": "to-the-seller", "type": "definition", "offset": [1697, 1710]}, {"key": "executed-and-delivered", "type": "clause", "offset": [1712, 1734]}, {"key": "in-favor-of", "type": "definition", "offset": [1735, 1746]}, {"key": "subject-to-the", "type": "clause", "offset": [1791, 1805]}, {"key": "limitations-and-exceptions", "type": "clause", "offset": [1806, 1832]}, {"key": "the-relevant", "type": "clause", "offset": [1904, 1916]}, {"key": "to-the-trustee", "type": "clause", "offset": [1926, 1940]}, {"key": "notwithstanding-any-of-the-foregoing", "type": "clause", "offset": [1942, 1978]}, {"key": "no-representation", "type": "clause", "offset": [1980, 1997]}, {"key": "other-personal-property", "type": "definition", "offset": [2064, 2087]}, {"key": "control-of", "type": "definition", "offset": [2121, 2131]}, {"key": "filing-of-ucc-financing-statements", "type": "clause", "offset": [2169, 2203]}, {"key": "in-order-to", "type": "clause", "offset": [2217, 2228]}], "samples": [{"hash": "j6x5dIisc6I", "uri": "/contracts/j6x5dIisc6I#security-interests", "label": "Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2006-C1)", "score": 19.0, "published": true}, {"hash": "eljTizDtqq", "uri": "/contracts/eljTizDtqq#security-interests", "label": "Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2006-C1)", "score": 19.0, "published": true}, {"hash": "bqZthDNl1Ae", "uri": "/contracts/bqZthDNl1Ae#security-interests", "label": "Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2006-C1)", "score": 19.0, "published": true}], "snippet": "A UCC financing statement has been filed and/or recorded, or submitted for filing and/or recording (or submitted to a title company for filing and/or recording pursuant to escrow instructions), in all places necessary to perfect (to the extent that the filing or recording of such a UCC financing statement can perfect such a security interest) a valid security interest in the personal property of the related Mortgagor granted under the related Mortgage. If any Mortgaged Property securing a Mortgage Loan is operated as a hospitality property, then (a) the security agreements, financing statements or other instruments, if any, related to the Mortgage Loan secured by such Mortgaged Property establish and create a valid security interest in all items of personal property owned by the related Mortgagor which are material to the conduct in the ordinary course of the Mortgagor's business on the related Mortgaged Property, subject only to purchase money security interests, personal property leases and security interests to secure revolving lines of credit and similar financing; and (b) one or more UCC financing statements covering such personal property have been filed and/or recorded (or have been sent for filing or recording or submitted to a title company for filing or recording pursuant to escrow instructions) wherever necessary to perfect under applicable law such security interests (to the extent a security interest in such personal property can be perfected by the filing of a UCC financing statement under applicable law). The related assignment of such security interest (but for insertion of the name of the assignee and any related information which is not yet available to the Seller) executed and delivered in favor of the Trustee constitutes a legal, valid and, subject to the limitations and exceptions set forth in representation 13 hereof, binding assignment thereof from the relevant assignor to the Trustee. Notwithstanding any of the foregoing, no representation is made as to the perfection of any security interest in rents or other personal property to the extent that possession or control of such items or actions other than the filing of UCC Financing Statements are required in order to effect such perfection.", "hash": "ac7804d3e8d32ad66f09d0e9348e2421", "id": 9}, {"size": 128, "snippet_links": [{"key": "subsequent-pledge", "type": "clause", "offset": [45, 62]}, {"key": "the-receivables", "type": "clause", "offset": [66, 81]}, {"key": "the-indenture", "type": "clause", "offset": [88, 101]}, {"key": "seller-will", "type": "clause", "offset": [107, 118]}, {"key": "transfer-to", "type": "definition", "offset": [147, 158]}, {"key": "any-other-person", "type": "definition", "offset": [159, 175]}, {"key": "notify-the", "type": "clause", "offset": [352, 362]}, {"key": "in-the-event", "type": "clause", "offset": [425, 437]}, {"key": "the-interests", "type": "clause", "offset": [443, 456]}, {"key": "of-the-purchaser", "type": "clause", "offset": [457, 473]}, {"key": "adversely-affected", "type": "definition", "offset": [538, 556]}, {"key": "by-the-seller", "type": "clause", "offset": [614, 627]}, {"key": "the-seller-shall", "type": "clause", "offset": [693, 709]}, {"key": "the-right", "type": "clause", "offset": [717, 726]}, {"key": "title-and-interest", "type": "clause", "offset": [728, 746]}, {"key": "claims-of-third-parties", "type": "clause", "offset": [853, 876]}, {"key": "this-subsection", "type": "definition", "offset": [950, 965]}, {"key": "prohibit-the", "type": "clause", "offset": [996, 1008]}, {"key": "local-taxes", "type": "definition", "offset": [1098, 1109]}, {"key": "at-the-time", "type": "clause", "offset": [1134, 1145]}, {"key": "due-and-payable", "type": "definition", "offset": [1149, 1164]}, {"key": "in-good-faith", "type": "definition", "offset": [1239, 1252]}, {"key": "appropriate-proceedings", "type": "clause", "offset": [1256, 1279]}, {"key": "set-aside", "type": "clause", "offset": [1295, 1304]}, {"key": "adequate-reserves", "type": "clause", "offset": [1318, 1335]}], "samples": [{"hash": "ebKlD2Kfq4W", "uri": "/contracts/ebKlD2Kfq4W#security-interests", "label": "Receivables Purchase Agreement (Toyota Auto Receivables 2026-C Owner Trust)", "score": 37.5503082275, "published": true}, {"hash": "eol3CfODsI1", "uri": "/contracts/eol3CfODsI1#security-interests", "label": "Receivables Purchase Agreement (Toyota Auto Receivables 2026-C Owner Trust)", "score": 37.5366172791, "published": true}, {"hash": "iTW7XEFYt2H", "uri": "/contracts/iTW7XEFYt2H#security-interests", "label": "Receivables Purchase Agreement (Toyota Auto Receivables 2026-a Owner Trust)", "score": 37.0547561646, "published": true}], "snippet": "Except for the conveyances hereunder and any subsequent pledge of the Receivables under the Indenture, the Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Receivable, whether now existing or hereafter created, or any interest therein, the Seller will immediately notify the Purchaser of the existence of any Lien on any Receivable and, in the event that the interests of the Purchaser (or any assignee thereof) in such Receivable are materially and adversely affected, such Receivable shall be repurchased from the Purchaser by the Seller in the manner and with the effect specified in Section 2.04, and the Seller shall defend the right, title and interest of the Purchaser in, to and under the Receivables, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Seller from suffering to exist upon any of the Receivables, Liens for municipal or other local taxes if such taxes shall not at the time be due and payable or if the Seller shall currently be contesting the validity of such taxes in good faith by appropriate proceedings and shall have set aside on its books adequate reserves with respect thereto.", "hash": "1b5d1e452d8786344071ea1fcb28166d", "id": 5}, {"size": 121, "snippet_links": [{"key": "executed-and-delivered", "type": "clause", "offset": [9, 31]}, {"key": "the-collateral-agreement", "type": "clause", "offset": [40, 64]}, {"key": "in-favor-of", "type": "definition", "offset": [93, 104]}, {"key": "the-collateral-agent", "type": "clause", "offset": [105, 125]}, {"key": "benefit-of-the-secured-parties", "type": "clause", "offset": [134, 164]}, {"key": "security-interest-in-the-collateral", "type": "clause", "offset": [189, 224]}, {"key": "loan-proceeds-note-collateral-agreement", "type": "definition", "offset": [278, 317]}, {"key": "the-secured-party", "type": "clause", "offset": [358, 375]}, {"key": "certificated-securities", "type": "definition", "offset": [651, 674]}, {"key": "instruments-of-transfer", "type": "definition", "offset": [772, 795]}, {"key": "duly-endorsed", "type": "clause", "offset": [796, 809]}, {"key": "federal-and-state-law", "type": "clause", "offset": [879, 900]}, {"key": "perfected-first-priority-lien", "type": "clause", "offset": [910, 939]}, {"key": "and-security", "type": "clause", "offset": [944, 956]}, {"key": "title-and-interest", "type": "clause", "offset": [980, 998]}, {"key": "the-pledgors", "type": "clause", "offset": [1002, 1014]}, {"key": "right-to", "type": "definition", "offset": [1068, 1076]}, {"key": "any-other-person", "type": "definition", "offset": [1077, 1093]}, {"key": "effective-date-perfection-certificate", "type": "definition", "offset": [1191, 1228]}, {"key": "effective-date-loan-proceeds-note-perfection-certificate", "type": "definition", "offset": [1239, 1295]}, {"key": "the-case", "type": "definition", "offset": [1300, 1308]}, {"key": "with-respect-to", "type": "clause", "offset": [1481, 1496]}, {"key": "commercial-tort-claims", "type": "definition", "offset": [1509, 1531]}, {"key": "the-grantors", "type": "clause", "offset": [1641, 1653]}, {"key": "to-the-extent", "type": "clause", "offset": [1685, 1698]}, {"key": "uniform-commercial-code-financing-statements", "type": "clause", "offset": [1736, 1780]}, {"key": "the-intellectual-property", "type": "clause", "offset": [1793, 1818]}, {"key": "the-security-agreements", "type": "clause", "offset": [1834, 1857]}, {"key": "united-states-patent-and-trademark-office", "type": "clause", "offset": [2012, 2053]}, {"key": "copyright-office", "type": "clause", "offset": [2075, 2091]}, {"key": "each-case", "type": "definition", "offset": [2111, 2120]}, {"key": "rights-of-persons", "type": "clause", "offset": [2402, 2419]}, {"key": "pursuant-to", "type": "clause", "offset": [2420, 2431]}, {"key": "agreement-or", "type": "definition", "offset": [2499, 2511]}, {"key": "security-interest-created", "type": "clause", "offset": [2633, 2658]}, {"key": "perfected-lien", "type": "definition", "offset": [2695, 2709]}, {"key": "the-loan-parties", "type": "definition", "offset": [2773, 2789]}, {"key": "registered-trademarks", "type": "clause", "offset": [3448, 3469]}, {"key": "trademark-applications", "type": "clause", "offset": [3471, 3493]}, {"key": "after-the-effective-date", "type": "clause", "offset": [3538, 3562]}], "samples": [{"hash": "dDsWDWtQ4aM", "uri": "/contracts/dDsWDWtQ4aM#security-interests", "label": "Credit Agreement", "score": 31.3408622742, "published": true}, {"hash": "aDWiBbPsHEf", "uri": "/contracts/aDWiBbPsHEf#security-interests", "label": "Thirteenth Amendment Agreement (Level 3 Parent, LLC)", "score": 30.9219703674, "published": true}, {"hash": "2LoDju5pCvI", "uri": "/contracts/2LoDju5pCvI#security-interests", "label": "Amendment Agreement (Level 3 Communications Inc)", "score": 28.1567420959, "published": true}], "snippet": "(a) When executed and delivered, (i)(A) the Collateral Agreement will be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a valid and enforceable security interest in the Collateral (as defined in the Collateral Agreement) and (B) the Loan Proceeds Note Collateral Agreement will be effective to create in favor of the Secured Party (as defined in the Loan Proceeds Note Collateral Agreement) a valid and enforceable security interest in the Collateral (as defined in the Loan Proceeds Note Collateral Agreement), (ii) when the portion of the Collateral (as defined in the Collateral Agreement) constituting certificated securities (as defined in the Uniform Commercial Code), is delivered to the Collateral Agent, together with instruments of transfer duly endorsed in blank, the Collateral Agreement will constitute, under applicable Federal and State law, a fully perfected first priority Lien on, and security interest in all right, title and interest of the pledgors thereunder in such Collateral, prior and superior in right to any other Person and (iii) when financing statements in sufficient form are filed in the offices specified in the Effective Date Perfection Certificate or in the Effective Date Loan Proceeds Note Perfection Certificate, as the case may be, each of the Collateral Agreement and the Loan Proceeds Note Collateral Agreement will constitute, under applicable Federal and State law, a fully perfected (except with respect to undisclosed Commercial Tort Claims (as defined in the Collateral Agreement)) Lien on, and security interest in all right, title and interest of the grantors thereunder in such Collateral, to the extent perfection can be obtained by filing Uniform Commercial Code financing statements, other than the Intellectual Property (as defined in the Security Agreements) in which a security interest may be perfected by filing, recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in each case (other than with respect to undisclosed Commercial Tort Claims (as defined in the Collateral Agreement)) prior and superior in right to any other Person to the extent perfection can be obtained by filing Uniform Commercial Code financing statements, other than with respect to the rights of Persons pursuant to Liens expressly permitted by Section 6.05.\n(b) When the Collateral Agreement or memorandum thereof is filed in the United States Patent and Trademark Office and the United States Copyright Office, the security interest created thereunder shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in the Intellectual Property (as defined in the Collateral Agreement) in which a security interest may be perfected by filing, recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons pursuant to Liens expressly permitted by Section 6.05 (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a lien on registered trademarks, trademark applications and copyrights acquired by the Loan Parties after the Effective Date).", "hash": "f8413fc288804559d923a5c43a9fac0d", "id": 6}, {"size": 98, "snippet_links": [{"key": "seller-will", "type": "clause", "offset": [42, 53]}, {"key": "transfer-to", "type": "definition", "offset": [82, 93]}, {"key": "any-other-person", "type": "definition", "offset": [94, 110]}, {"key": "notify-the", "type": "clause", "offset": [287, 297]}, {"key": "in-the-event", "type": "clause", "offset": [360, 372]}, {"key": "the-interests", "type": "clause", "offset": [378, 391]}, {"key": "the-noteholders", "type": "clause", "offset": [395, 410]}, {"key": "adversely-affected", "type": "definition", "offset": [449, 467]}, {"key": "by-the-seller", "type": "clause", "offset": [525, 538]}, {"key": "the-seller-shall", "type": "clause", "offset": [607, 623]}, {"key": "the-right", "type": "clause", "offset": [631, 640]}, {"key": "title-and-interest", "type": "clause", "offset": [642, 660]}, {"key": "of-the-purchaser", "type": "clause", "offset": [661, 677]}, {"key": "the-receivables", "type": "clause", "offset": [695, 710]}, {"key": "claims-of-third-parties", "type": "clause", "offset": [767, 790]}, {"key": "this-subsection", "type": "definition", "offset": [864, 879]}, {"key": "prohibit-the", "type": "clause", "offset": [910, 922]}, {"key": "local-taxes", "type": "definition", "offset": [1004, 1015]}, {"key": "at-the-time", "type": "clause", "offset": [1040, 1051]}, {"key": "due-and-payable", "type": "definition", "offset": [1055, 1070]}, {"key": "in-good-faith", "type": "definition", "offset": [1145, 1158]}, {"key": "appropriate-proceedings", "type": "clause", "offset": [1162, 1185]}, {"key": "set-aside", "type": "clause", "offset": [1201, 1210]}, {"key": "adequate-reserves", "type": "clause", "offset": [1224, 1241]}], "samples": [{"hash": "bNquKw2IZv6", "uri": "/contracts/bNquKw2IZv6#security-interests", "label": "Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust)", "score": 26.8042430878, "published": true}, {"hash": "45oGT3nZkCb", "uri": "/contracts/45oGT3nZkCb#security-interests", "label": "Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust)", "score": 26.7878170013, "published": true}, {"hash": "5XKJr66o1Bq", "uri": "/contracts/5XKJr66o1Bq#security-interests", "label": "Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust)", "score": 26.6290206909, "published": true}], "snippet": "Except for the conveyances hereunder, the Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Receivable, whether now existing or hereafter created, or any interest therein; the Seller will immediately notify the Purchaser of the existence of any Lien on any Receivable and, in the event that the interests of the Noteholders in such Receivable are materially and adversely affected, such Receivable shall be repurchased from the Purchaser by the Seller in the manner and with the effect specified in Section 2.03(c), and the Seller shall defend the right, title and interest of the Purchaser in, to and under the Receivables, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Seller from suffering to exist upon a Receivable any Lien for municipal or other local taxes if such taxes shall not at the time be due and payable or if the Seller shall currently be contesting the validity of such taxes in good faith by appropriate proceedings and shall have set aside on its books adequate reserves with respect thereto.", "hash": "5d1cdf039617bd2cd1681023fd32de5f", "id": 8}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtzZWN1cml0eS1pbnRlcmVzdHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["grant-of-security-interests", "Grant of Security Interests"], ["power-of-attorney", "Power of Attorney"], ["security-interest-in-collateral", "Security Interest in Collateral"], ["lien-perfection-further-assurances", "Lien Perfection; Further Assurances"], ["", ""]], "size": 7714, "parents": [["representations-and-warranties", "Representations and Warranties"], ["covenants-of-the-seller", "Covenants of the Seller"], ["covenants", "Covenants"], ["miscellaneous", "Miscellaneous"], ["representations-and-warranties-of-seller", "Representations and Warranties of Seller"]], "title": "Security Interests", "id": "security-interests", "related": [["liens-and-security-interests", "Liens and Security 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