Common use of Maintenance of Security Interests in Vehicles Clause in Contracts

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and procedures and at its own expense, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, or for any other reason.

Appears in 134 contracts

Sources: Servicing Agreement (Ally Auto Receivables Trust 2023-1), Servicing Agreement (Ally Auto Receivables Trust 2023-1), Servicing Agreement (Ally Auto Receivables Trust 2022-3)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, or for any other reason.

Appears in 13 contracts

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest of the Seller created by each Receivable a Retail Note in the related Financed VehicleVehicle or Financed Vehicles and of the first priority security interest of the Collateral Agent in the Financed Vehicle or Financed Vehicles related to any Retail Lease. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, interests as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 7 contracts

Sources: Servicing Agreement (Navistar Financial 2005-a Owner Trust), Servicing Agreement (Navistar Financial Retail Rec Corp Navistar Fin 04 a Own Tr), Servicing Agreement (Navistar Financial 2004-B Owner Trust)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by each Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 6 contracts

Sources: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by each a Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, interests as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 5 contracts

Sources: Servicing Agreement (Navistar Financial Corp), Servicing Agreement (Navistar Financial Corp), Servicing Agreement (Navistar Financial Corp)

Maintenance of Security Interests in Vehicles. The Servicer --------------------------------------------- shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by each Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, promptly take such steps as are necessary to maintain perfection of the first priority security interest created by each a Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, interests as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 3 contracts

Sources: Servicing Agreement (Navistar Financial Corp), Servicing Agreement (Navistar Financial Corp), Servicing Agreement (Navistar Financial Corp)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by each Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable Purchasers hereby authorizes authorize the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Navistar Financial Retail Receivables Corp), Receivables Purchase Agreement (Navistar Financial Corp)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by each Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable Owners hereby authorizes authorize the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 1 contract

Sources: Transfer and Administration Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, or for any other reason.. ARTICLE

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Maintenance of Security Interests in Vehicles. The --------------------------------------------- Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by each Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable Purchasers hereby authorizes authorize the Servicer to re-re- perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and procedures Customary Servicing Procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest created by each Receivable in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable Purchasers hereby authorizes authorize the Servicer to re-perfect such security interest on behalf of such Owner, as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Navistar Financial Retail Receivables Corporation)

Maintenance of Security Interests in Vehicles. The Servicer shall, in accordance with its customary practices, policies and servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest of the Seller created by each Receivable a Retail Note in the related Financed VehicleVehicle or Financed Vehicles. The Owner of each Receivable hereby authorizes the Servicer to re-perfect such security interest on behalf of such Owner, interests as necessary because of the relocation of a Financed Vehicle, Vehicle or for any other reason.

Appears in 1 contract

Sources: Servicing Agreement (Navistar Financial Corp)