Valid Pledge. It is the intention of the Issuer that the Pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate to the Indenture Trustee for the benefit of the Secured Parties.
Appears in 10 contracts
Sources: Series Supplement (Household Automotive Trust 2003-2), Series Supplement (Household Automotive Trust 2004-1), Series Supplement (HSBC Automotive Trust (USA) 2006-1)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 1998-1 Noteholders.
Appears in 3 contracts
Sources: Supplement to Indenture and Trust Agreement (Household Auto Receivables Corp), Supplement to Indenture (Household Automobile Revolving Trust I), Indenture Supplement (Household Auto Receivables Corp)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2001-1 Noteholders.
Appears in 1 contract
Sources: Master Sale and Servicing Agreement (Household Automotive Trust 2001-1)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2000-2 Noteholders.
Appears in 1 contract
Sources: Master Sale and Servicing Agreement (Household Automotive Trust v Series 2000 2)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2000-3 Noteholders.
Appears in 1 contract
Sources: Master Sale and Servicing Agreement (Household Automotive Trust Vi Series 2000 3)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries 2000-1 Noteholders.
Appears in 1 contract
Sources: Master Sale and Servicing Agreement (Household Automotive Trust Iv Series 2000-1)
Valid Pledge. It is the intention of the Issuer that the Pledge each pledge herein contemplated hereby constitutes the Grant of a perfected, first priority security interest in the Series Trust Estate all Pledged Property to the Indenture Trustee for the benefit of the Secured PartiesSeries ______ Noteholders.
Appears in 1 contract
Sources: Master Sale and Servicing Agreement (Household Auto Receivables Corp)