Valid Security Interest. The Contract has created or shall create a valid, binding and enforceable first priority security interest in favor of the Seller in the Motorcycle, except as to priority for any Permitted Liens, which security interest is assignable by the Seller to the Depositor.
Appears in 30 contracts
Sources: Sale and Servicing Agreement (Harley Davidson Motorcycle Trust 2025-A), Sale and Servicing Agreement (Harley Davidson Motorcycle Trust 2025-A), Sale and Servicing Agreement (Harley-Davidson Customer Funding Corp.)
Valid Security Interest. The Contract has created or shall create a valid, binding and enforceable first priority security interest in favor of the Seller in the Motorcycle, except as to priority for any Permitted Liens, which security interest is assignable by the Seller to the DepositorPurchaser.
Appears in 27 contracts
Sources: Transfer and Sale Agreement (Harley Davidson Motorcycle Trust 2025-A), Transfer and Sale Agreement (Harley Davidson Motorcycle Trust 2025-A), Transfer and Sale Agreement (Harley-Davidson Customer Funding Corp.)
Valid Security Interest. The Contract has created or shall create a valid, binding and enforceable first priority security interest in favor of the Seller in the Motorcycle, except as to priority for any Permitted Liens, which security interest is assignable by the Seller to the Trust Depositor.
Appears in 6 contracts
Sources: Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2023-A), Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2023-A), Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2021-A)