Common use of Security Interest in Accounts Clause in Contracts

Security Interest in Accounts. Assuming the retention of funds in the Collection Account, the Note Distribution Account and the Spread Account and the acquisition of Eligible Investments, in each case, in accordance with the Transaction Documents, such funds and Eligible Investments will be subject to a valid and perfected, first priority security interest in favor of the Collateral Agent on behalf of Financial Security and the Trustee for the benefit of the Noteholders.