Common use of Valid Security Interest Clause in Contracts

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables in favor of the IssuerDepositor, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable against all creditors of and purchasers from the DepositorSponsor.

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Depositor Transferred Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and of, purchasers from and transferees and absolute assignees of the Depositor.

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Trust Property in favor of the Issuer, which Issuer that is prior to all other Liens, other than Permitted Liens, and is enforceable as such against all other creditors of and purchasers from the Depositor.

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Trust Property in favor of the Issuer, which Issuer that is prior to all other Liens, Liens other than Permitted Liens, Liens and is enforceable as such against all other creditors of and purchasers from the Depositor.

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Conveyed Assets in favor of the IssuerDepositor, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable as such as against creditors of and purchasers from the DepositorSeller.

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Conveyed Assets in favor of the Issuer, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable as such as against creditors of and purchasers from the Depositor.

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

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Trust Property in favor of the Issuer, which Issuer that is prior to all other Liens, other than Permitted Liens, and is enforceable against all other creditors of and purchasers from the Depositor.

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Borrower Collateral in favor of the Issuer, Collateral Agent which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the DepositorBorrower.

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

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Depositor Transferred Property in favor of the IssuerTrust, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and of, purchasers from and transferees and absolute assignees of the Depositor.

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

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

Valid Security Interest. This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property Receivables in favor of the IssuerDepositor, which security interest is prior to all other Liens, other than Permitted Liens, and is enforceable isenforceable against all creditors of and purchasers from the DepositorSponsor.

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