Common use of Responsibilities of the Transferor Clause in Contracts

Responsibilities of the Transferor. Anything herein to the contrary notwithstanding, the Transferor represents that none of its obligations under the Loan Documents related to Medallion Loans remains unperformed and that in any event, the exercise by the Transferee of its rights hereunder shall not relieve the Transferor from such obligations if they do exist.

Appears in 2 contracts

Sources: Loan Sale and Contribution Agreement, Loan Sale and Contribution Agreement (Medallion Financial Corp)

Responsibilities of the Transferor. Anything herein to the contrary notwithstanding, the Transferor represents that none of its obligations under the Medallion Loan Documents related to Medallion Loans remains unperformed and that in any event, the exercise by the Transferee of its rights hereunder shall not relieve the Transferor from such obligations if they do exist.

Appears in 1 contract

Sources: Loan Sale and Contribution Agreement (Medallion Financial Corp)