Common use of Pursuant to Sections 5 Clause in Contracts

Pursuant to Sections 5. 7 and 5.9 of the Titling Company Agreement, the Non-Specified Interest Certificate, Certificate No. 1, (the "Pledged Certificate"), has been pledged by CAC, the existing registered Holder thereof, (the "Pledgor"), to Comerica Bank, a Michigan banking corporation, in its capacity as Collateral Agent for the Benefited Parties pursuant to the Intercreditor Agreement (as such terms are defined in the attached Pledge Documents, referred to in item 2 of this Notice) (the "Pledgee").

Appears in 2 contracts

Sources: Security Agreement (Credit Acceptance Corporation), Security Agreement (Credit Acceptance Corporation)