Related Security definition
Related Security means, with respect to any Receivable:
Related Security means, for any Receivable, (i) the security interest in the related Financed Vehicle, (ii) any rights to any proceeds from claims on any related Insurance Policy or refunds in connection with extended service agreements relating to such Receivable (if such Receivable became a Defaulted Receivable after the Cut-Off Date), (iii) any other property securing such Receivable and (iv) all proceeds of the foregoing.
Related Security with respect to any Dealer Loan includes all rights arising under such Dealer Loan which rights are attributable to advances made under such Dealer Loan as the result of such Dealer Loan being secured by an Open Pool on the date such Dealer Loan was sold and Dealer Loan Contracts being added to such Open Pool.
Examples of Related Security in a sentence
Until the Obligations have been paid in full, the Collateral Agent may not release any Lien covering any Collateral except for (i) Collateral Obligations sold pursuant to Section 7.10, (ii) any Collateral Obligation sold, replaced or repurchased pursuant to Section 7.11 or (iii) any Related Security identified by the Borrower (or the Servicer on behalf of the Borrower) to the Collateral Agent so long as the Facility Termination Date has not occurred.
More Definitions of Related Security
Related Security means, with respect to each Collateral Obligation:
Related Security means with respect to any Receivable: (a) any interest (including security interests or ownership interests), if any, in the related Equipment and, without limiting the foregoing, the related Residual; (b) all guarantees, insurance (including residual value insurance) or other agreements or arrangements of any kind from time to time supporting or securing payment of such Receivable whether pursuant to a Contract related to such Receivable or otherwise (including rights (if any) to receive proceeds on insurance policies covering the Obligors); and (c) all Records relating to such Receivable.
Related Security means with respect to any Loan: (a) any interest (including security interests), if any, in the related Equipment; (b) all guarantees, insurance or other agreements or arrangements of any kind from time to time supporting or securing payment of such Loan (including rights (if any) to receive proceeds on insurance policies covering the Obligors); and (c) all Records relating to such Loan.
Related Security. With respect to any Loan all of CAC’s interest in:
Related Security means, with respect to any Pool Receivable:
Related Security means, with respect to any Receivable, all guaranties, indemnities, insurance (including any insurance and repair service agreement proceeds and returned premiums) and other agreements (including the related Receivable File) or arrangement and other collateral of whatever character from time to time supporting or securing payment of such Receivable or otherwise relating to such Receivable (including any returned sales taxes).
Related Security. With respect to any Loan, all of Credit Acceptance’s and the Borrower’s interest in: