Common use of Security Interest to Remain in Force Clause in Contracts

Security Interest to Remain in Force. The Financed Vehicle securing each Receivable will not be released from the security interest granted by the Receivable in whole or in part, except as contemplated herein.

Appears in 38 contracts

Sources: Pooling and Servicing Agreement (First Security Bank Na), Sales Contracts (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Receivables Trust)

Security Interest to Remain in Force. The Financed Vehicle securing each Receivable will shall not be released from the security interest granted by the Receivable in whole or in partpart except if such Financed Vehicle is substituted in whole by the manufacturer, except dealer or seller as a result of mechanical defects or a total loss of the Financed Vehicle because of accident or theft or as otherwise contemplated herein.;

Appears in 24 contracts

Sources: Sale and Servicing Agreement (Chase Auto Owner Trust 2005-A), Sale and Servicing Agreement (Chase Auto Owner Trust 2006-A), Sale and Servicing Agreement (JPMorgan Chase Bank, National Association)

Security Interest to Remain in Force. The Financed Vehicle securing each Receivable will shall not be released from the security interest granted by the Receivable in whole or in part, part except as contemplated herein.;

Appears in 5 contracts

Sources: Pooling and Servicing Agreement (Usaa Federal Savings Bank), Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Usaa Federal Savings Bank)

Security Interest to Remain in Force. The Except as contemplated by the Agreement, the Financed Vehicle securing each Receivable will shall not be released by the Servicer from the security interest granted by the Receivable in whole or in part, except as contemplated herein.

Appears in 3 contracts

Sources: Standard Terms and Conditions Agreement (Fleetwood Credit Receivables Corp), Standard Terms and Conditions Agreement (Fleetwood Credit Receivables Corp), Standard Terms and Conditions of Agreement (Fleetwood Credit Receivables Corp)

Security Interest to Remain in Force. The Financed Vehicle securing each Receivable will Contract shall not be released from the security interest granted by the Receivable Contract in whole or in part, part except as contemplated herein.;

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Cit Group Securitization Corp Ii), Sale and Servicing Agreement (Cit Group Securitization Corp Ii)

Security Interest to Remain in Force. The Except as contemplated by this Agreement, the Financed Vehicle securing each Receivable will shall not be released by the Servicer from the security interest granted by the Receivable in whole or in part, except as contemplated herein.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Fleetwood Credit Receivables Corp)

Security Interest to Remain in Force. The Financed Vehicle securing each Receivable will shall not be released from the security interest granted ▇▇▇▇▇ ▇▇ by the Receivable in whole or in part, part except as contemplated herein.;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Usaa Federal Savings Bank)

Security Interest to Remain in Force. The ------------------------------------ Financed Vehicle securing each Receivable will not be released from the security interest granted by the Receivable in whole or in part, except in the event of payment in full by the Obligor thereunder or disposition of a repossessed Financed Vehicle or except as may be required by an insurer in order to receive proceeds from insurance covering such Financed Vehicle or as otherwise contemplated herein.

Appears in 1 contract

Sources: Sale and Servicing Agreement (First Security Bank Na)