Valid and Enforceable Security Interest. The Indenture creates a valid and continuing security interest (as defined in the applicable UCC) in the Collateral in favor of the Indenture Trustee, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Issuer;
Appears in 4 contracts
Samples: Advanta Business Recievables Corp, Advanta Business Recievables Corp, Advanta Business Recievables Corp