Common use of Additional Representations and Warranties Clause in Contracts

Additional Representations and Warranties. This Indenture creates a valid and continuing “security interest” (as defined in the Relevant UCC) in the Receivables 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 94 contracts

Sources: Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2025-3), Indenture (Carmax Auto Funding LLC)

Additional Representations and Warranties. This Indenture creates a valid and continuing “security interest” (as defined in the Relevant UCC) in the Receivables 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 IssuerIssuing Entity.

Appears in 1 contract

Sources: Indenture (CarMax Auto Owner Trust 2012-1)