Valid Conveyance Clause Samples
The Valid Conveyance clause establishes the requirement that any transfer of property or rights must be legally effective and properly executed. In practice, this means that all necessary documents must be signed, delivered, and comply with relevant laws and regulations to ensure the transfer is recognized by authorities. This clause ensures that ownership or interest is lawfully passed from one party to another, thereby preventing disputes over the validity of the conveyance and protecting the interests of all parties involved.
Valid Conveyance. As of the SMT Termination Date, the Conveyance ---------------- Papers then in existence constitute a valid sale, assignment, and conveyance to Buyer of all right, title and interest of such seller in, to, and under the Receivables then existing and thereafter created in the Accounts (other than Receivables in the Additional Accounts), all monies due or to become due with respect thereto (including all Finance Charge Receivables), together with all Collections, Recoveries and other proceeds of such Receivables and Insurance Proceeds relating thereto, and such property will be owned free and clear of any Lien of any Person claiming through or under such RPA Seller and its Affiliates, except for Liens permitted under Section 5.1(d). --------------
Valid Conveyance. The representations and warranties set out in Exhibit ---------------- ------- D are true and correct. Without limiting the generality of the foregoing, as of - each Addition Date, a valid sale, assignment and conveyance to Buyer of all right, title, and interest of RPA Seller in, to, and under the Transferred Assets, has been consummated and such property will be held free and clear of any Lien of any Person claiming through or under RPA Seller and its Affiliates, except for Liens permitted under Section 5.1(d). --------------
Valid Conveyance. As of each Addition Date, a valid sale, assignment ---------------- and conveyance to Buyer of all right, title, and interest of such RPA Seller in, to, and under the Receivables then existing and thereafter created in respect of the Additional Accounts, all monies due or to become due with respect thereto (including all Finance Charge Receivables), together with all proceeds of such Receivables and Insurance Proceeds relating thereto, has been consummated and such property will be held free and clear of any Lien of any Person claiming through or under such RPA Seller and its Affiliates, except for Liens permitted under Section 5.1(d). --------------
Valid Conveyance. As of each Closing Date, the Conveyance Documents constitute a valid sale, assignment, and conveyance to Buyer of all right, title, and interest of Seller in, to and under the Senior Insurance Settlements, all monies due or to become due with respect thereto and all proceeds thereof and Buyer will hold such property free and clear of any Lien of any Person claiming through or under Seller, except for Liens permitted under Section 5.1(c) and Seller shall treat the transfer of the Senior Insurance Settlements to Capital as a sale, for tax and accounting purposes.
Valid Conveyance. As of each Addition Date, a valid sale, assignment, and conveyance to Buyer of all right, title, and interest of Seller in, to, and under the Receivables then existing and thereafter created in respect of the Additional Accounts, all monies due or to become due with respect thereto (including all Finance Charge Receivables), together with all proceeds (including, without limitation, "proceeds" as defined in the UCC in any state where Seller's or Servicer's chief executive offices or books and records relating to the Receivables are located) of such Receivables and Insurance Proceeds relating thereto, has been consummated, and such property will be held free and clear of any Lien of any Person claiming through or under Seller, except for Liens permitted under Section 5.1(d).
Valid Conveyance. All Receivables and rights to be conveyed hereunder will be validly conveyed and assigned to Purchaser.
Valid Conveyance. As of the applicable ________________ Addition Date, the Conveyance Papers then in existence constitute a valid sale, assignment, and conveyance to Buyer of all right, title, and interest of Seller in, to, and under the Receivables then existing and thereafter created in the Accounts, all monies due or to become due with respect thereto (including all Finance Charge Re- ceivables), together with all proceeds (including, with- out limitation, "proceeds" as defined in the UCC in any state where Seller's or Servicer's chief executive offi- ces or books and records relating to Receivables are located) of such Receivables and Insurance Proceeds relating thereto, and such property will be held free and clear of any Lien of any Person claiming through or under Seller, except for Liens permitted under subsection 5.1(d).
Valid Conveyance. As of each Addition Date, a valid sale, ---------------- assignment and conveyance to Buyer of all right, title, and interest of such Seller in, to, and under the Receivables then existing and thereafter created in respect of the Additional Accounts, all monies due or to become due with respect thereto (including all Finance Charge Receivables), together with all proceeds (including, without limitation, "proceeds" as defined in the UCC as in effect in the State of Illinois) of such Receivables and Insurance Proceeds relating thereto, has been consummated and such property will be held free and clear or any Lien of any Person claiming through or under such Seller and its Affiliates, except for Liens permitted under subsection 5.1(d).
Valid Conveyance. As of the Closing Date, the Conveyance Papers ---------------- then in existence constitute a valid sale, assignment, and conveyance to Buyer of all right, title, and interest of such seller in, to, and under the Receivables then existing and thereafter created in the Accounts (other than Receivables in the Additional Accounts), all monies due or to become due with respect thereto (including all Finance Charge Receivables), together with all Collections, Recoveries and other proceeds (including, without limitation, "proceeds" as defined in the UCC as in effect in the State of Illinois ) of such Receivables and Insurance Proceeds relating thereto, and such property will be owned free and clear of any Lien of any Person claiming through or under such Seller and its Affiliates, except for Liens permitted under subsection 5.1(d).
Valid Conveyance. As of the Initial Closing Date, the Convey ance Papers then in existence constitute a valid sale, assignment, and conveyance to Buyer of all right, title, and interest of Seller in, to, and under the Receivables then existing and thereafter created in the Accounts (other than Receivables in the Additional Accounts), all monies due or to become due with respect thereto (including all Finance Charge Receivables), together with all proceeds (including, without limitation, "proceeds" as defined in the UCC in any state where Seller' s or Servicer's chief executive offices or books and records relating to Receivables are located) of such Receivables and Insurance Proceeds relating thereto, and such property will be held free and clear of any Lien of any Person claiming through or under Seller, except for Liens permitted under subsection 5.1(d).