Common use of Title Documents Clause in Contracts

Title Documents. (A) If a Subsequent Receivable was originated in a State in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, the title document will be received within 150 days following the Subsequent Transfer Date and will show, LBAC named as the secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicable, named as the secured party under the related Subsequent Receivable, and in either case, the Trust has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC has received the related Dealer Title Guaranty.

Title Documents. (A) If a Subsequent Receivable was originated in a State in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, the title document will be received within 150 days following the Subsequent Transfer Date and will show, LBAC named as the secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicable, named as the original secured party under the related Subsequent Receivable, and in either case, the Trust has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC has received the related Dealer Title Guaranty.

Title Documents. (A) If a Subsequent the Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Receivables originated in the State of Michigan, all other evidence of ownership with respect to such Financed Vehicle) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the Seller (or, with respect to the Samco Receivables, Samco) named as the original secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WIthe Seller (or, as applicablewith respect to the Samco Receivables, Samco) named as the original secured party under the related Subsequent Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on title document of the related certificate Financed Vehicle has not yet been returned from the Registrar of title or documentation has been submitted to Titles, the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller (or, with respect to the Samco Receivables, Samco) as first lienholder has been applied for.

Title Documents. (A) If a the Subsequent Receivable was originated in a State in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, the title document will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC named as the original secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicable, named as the original secured party under the related Subsequent Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC has received the related Dealer Title Guaranty.

Title Documents. (A) If a Subsequent the Related Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Related Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Related Receivables that finance a vehicle in the States listed in Annex B, other evidence of title issued by the applicable Department of Motor Vehicles or similar authority in such States) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the Seller named as the original secured party under the related Subsequent Related Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Related Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicable, the Seller named as the original secured party under the related Subsequent Related Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Related Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on Registrar of Titles, the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller as first lienholder has been applied for.

Title Documents. (A) If a Subsequent the Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Receivables originated in the State of Michigan, a "Form RD108" stamped by the Department of Motor Vehicles) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC CPS (or, with respect to the Samco Receivables, Samco and, with respect to the Linc Receivables, Linc) named as the original secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WICPS (or, as applicablewith respect to the Samco Receivables, Samco and, with respect to the Linc Receivables, Linc) named as the original secured party under the related Subsequent Receivable, and in either case, the Trust has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on the related certificate Registrar of title or documentation has been submitted Titles, CPS (or, with respect to the appropriate state motor vehicle authority Samco Receivables, Samco and, with respect to record such lien on such certificate of titlethe Linc Receivables, LBAC Linc) has received written evidence from the related Dealer Title Guarantythat such title document showing CPS, Samco or Linc (as applicable) as first lienholder has been applied for.

Title Documents. (A) If a Subsequent Receivable was originated in a State in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, the title document will be received within 150 days following the Subsequent Transfer Date and will show, LBAC named as the secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicable, named as the secured party under the related Subsequent Receivable, and in either case, the Trust Issuer has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC has received the related Dealer Title Guaranty.

Title Documents. (A) If a Subsequent the Related Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Related Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Related Receivables that finance a vehicle in the States listed in ANNEX B, other evidence of title issued by the applicable Department of Motor Vehicles or similar authority in such States) will be received within 150 180 days following of the Subsequent Transfer Date origination date and will show, LBAC the Seller named as the original secured party under the related Subsequent Related Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Related Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicable, the Seller named as the original secured party under the related Subsequent Related Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle, and such rights have been validly pledged to the Trustee for the benefit of the Noteholders and the Note Purchaser pursuant to the Indenture. With respect to each Subsequent Related Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on Registrar of Titles, the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller as first lienholder has been applied for.

Title Documents. (A) If a Subsequent the Related Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Related Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Related Receivables that finance a vehicle in the States listed in Annex B, other evidence of title issued by the applicable Department of Motor Vehicles or similar authority in such States) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the Seller (or, in the case of a Mercury Receivable, Mercury Finance Company, LLC) named as the original secured party under the related Subsequent Related Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Related Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WIthe Seller (or, as applicablein the case of a Mercury Receivable, Mercury Finance Company, LLC) named as the original secured party under the related Subsequent Related Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Related Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on Registrar of Titles, the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller (or, in the case of a Mercury Receivable, Mercury Finance Company, LLC) as first lienholder has been applied for."

Title Documents. (A) If a Subsequent the Related Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Related Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Related Receivables that finance a vehicle in the States listed in Annex B, other evidence of title issued by the applicable Department of Motor Vehicles or similar authority in such States) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the Seller (or in the case of a TFC Receivable, TFC) named as the original secured party under the related Subsequent Related Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Related Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC the Seller (or LBARC-WIin the case of a TFC Receivable, as applicable, TFC) named as the original secured party under the related Subsequent Related Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Related Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on Registrar of Titles, the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller (or in the case of a TFC Receivable, TFC) as first lienholder has been applied for.

Title Documents. (A) If a Subsequent the Related Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Related Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Related Receivables that finance a vehicle in the States listed in Annex B, other evidence of title issued by the applicable Department of Motor Vehicles or similar authority in such States) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the Seller (or, in the case of a TFC Receivable, TFC,) named as the original secured party under the related Subsequent Related Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Related Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WIthe Seller (or, as applicablein the case of a TFC Receivable, TFC) named as the original secured party under the related Subsequent Related Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Related Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on Registrar of Titles, the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller (or, in the case of a TFC Receivable, TFC) as first lienholder has been applied for.

Title Documents. (A) If a Subsequent the Receivable was originated in a State in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or or, if a new or replacement title document is being applied for with respect to such Financed Vehicle, the title document (or, with respect to Receivables originated in the State of Michigan, all other evidence of ownership with respect to such Financial Vehicle) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the Seller (or, with respect to the Samco Receivables, Samco and, with respect to the Linc Receivables, Linc) named as the original secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WIthe Seller (or, as applicablewith respect to the Samco Receivables, Samco and, with respect to the Linc Receivables, Linc) named as the original secured party under the related Subsequent Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on title document of the related certificate Financed Vehicle has not yet been returned from the Registrar of title or documentation has been submitted Titles, the Seller (or, with respect to the appropriate state motor vehicle authority Samco Receivables, Samco and, with respect to record such lien on such certificate of titlethe Linc Receivables, LBAC has Linc) and received written evidence from the related Dealer Title Guarantythat such title document showing the Seller as first lienholder has been applied for.

Title Documents. (A) If a Subsequent the Related Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Related Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Related Receivables that finance a vehicle in the States listed in Annex B, other evidence of title issued by the applicable Department of Motor Vehicles or similar authority in such States) will be received within 150 180 days following of the Subsequent Transfer Date origination date and will show, LBAC the Seller (or, in the case of a TFC Receivable, TFC) named as the original secured party under the related Subsequent Related Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Related Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WIthe Seller (or, as applicablein the case of a TFC Receivable, TFC) named as the original secured party under the related Subsequent Related Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle, and such rights have been validly pledged to the Trustee for the benefit of the Noteholders and the Note Purchaser pursuant to the Indenture. With respect to each Subsequent Related Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on Registrar of Titles, the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller (or, in the case of a TFC Receivable, TFC) as first lienholder has been applied for.

Title Documents. (A) If a Subsequent the Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document of the related Financed Vehicle for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Receivables originated in the Non-Certificated Title States, other evidence of title issued by the applicable Department of Motor Vehicles or similar authority) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the related Applicable Purchaser named as the original secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicablethe related Applicable Purchaser, named as the original secured party under the related Subsequent Receivable, and in either case, the Trust has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle, and such rights have been validly pledged to the Trustee pursuant to the Indenture. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that title document has not yet been returned from the appropriate lien has been recorded on the related certificate Registrar of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of titleTitles, LBAC CPS has received written evidence from the related Dealer Title Guarantythat such title document showing the related Applicable Purchaser, as first lienholder has been applied for.

Title Documents. (A) If a Subsequent the Receivable was originated in a State in which notation of a security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, Vehicle the title document (or, with respect to Receivables originated in the State of Michigan, all other evidence of ownership with respect to such Financed Vehicle) will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC the Seller (or, with respect to the Samco Receivables, Samco or, with respect to the Linc Receivables, Linc) named as the original secured party under the related Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle Vehicle, and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WIthe Seller (or, as applicablewith respect to the Samco Receivables, Samco or, with respect to the Linc Receivables, Linc) named as the original secured party under the related Subsequent Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on title document of the related certificate Financed Vehicle has not yet been returned from the Registrar of title or documentation has been submitted to Titles, the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC Seller has received written evidence from the related Dealer Title Guarantythat such title document showing the Seller (or, with respect to the Samco Receivables, Samco or, with respect to the Linc Receivables, Linc) and received written evidence from the related Dealer that such title document showing the Seller as first lienholder has been applied for.

Title Documents. (A) If a the Subsequent Receivable was originated in a State in which notation of security interest on the title document of the related Financed Vehicle is required or permitted to perfect such security interest, the title document for such Subsequent Receivable shows, or if a new or replacement title document is being applied for with respect to such Financed Vehicle, the title document will be received within 150 180 days following the Subsequent Transfer Date and will show, LBAC named as the original secured party under the related N-10 Subsequent Receivable as the holder of a first priority security interest in such Financed Vehicle and (B) if the Subsequent Receivable was originated in a State in which the filing of a financing statement under the UCC is required to perfect a security interest in motor vehicles, such filings or recordings have been duly made and show LBAC or LBARC-WI, as applicable, named as the original secured party under the related Subsequent Receivable, and in either case, the Trust Trustee has the same rights as such secured party has or would have (if such secured party were still the owner of the Subsequent Receivable) against all parties claiming an interest in such Financed Vehicle. With respect to each Subsequent Receivable for which the relevant Dealer is temporarily unable to furnish either an original Lien Certificate or satisfactory evidence that the appropriate lien has been recorded on the related certificate of title or documentation has been submitted to the appropriate state motor vehicle authority to record such lien on such certificate of title, LBAC has received the related Dealer Title Guaranty.