Additional Transferor Transferred Property definition
Examples of Additional Transferor Transferred Property in a sentence
Except for the transfer and absolute assignment under this Agreement, the Additional Transferor will not transfer or absolutely assign any Additional Transferor Transferred Property transferred and absolutely assigned by it under this Agreement to another Person or Grant or allow a Lien, other than a Permitted Lien, on an interest in any such Additional Transferor Transferred Property.
The Additional Transferor makes the following representations and warranties about each pool of Receivables transferred by the Additional Transferor on which the Depositor is relying in acquiring the Additional Transferor Transferred Property.
The Additional Transferor, on the one hand, and the Depositor, on the other hand, represents and warrants to the other that the aggregate amount set forth in clauses (i) and (ii) in the immediately preceding sentence distributed by the Depositor to the Additional Transferor on such Acquisition Date will equal the fair market value of the Receivables and the other related Additional Transferor Transferred Property transferred by the Additional Transferor to the Depositor on such Acquisition Date.
The Additional Transferor authorizes the Depositor to file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Depositor may determine are necessary or advisable to perfect the Depositor’s interest in the Additional Transferor Transferred Property.
The Additional Transferor and the Depositor intend that each assignment under this Agreement be an absolute assignment of the Additional Transferor Transferred Property, conveying good title to the Additional Transferor Transferred Property free and clear of any Lien, other than Permitted Liens, from the Additional Transferor to the Depositor.
These transfers and absolute assignments do not, and are not intended to, include any obligation of the Additional Transferor to the Obligors or any other Person relating to the Receivables and the other Additional Transferor Transferred Property, and the Depositor does not assume any of these obligations.
The Additional Transferor will file, or will cause to be filed, financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices necessary to perfect the Depositor’s interest in the Additional Transferor Transferred Property transferred by the Additional Transferor.
The Additional Transferor will pay all expenses to perform its obligations under this Agreement and the Depositor’s reasonable expenses to perfect the Depositor’s interest in the Additional Transferor Transferred Property transferred by the Additional Transferor to the Depositor and to enforce the Additional Transferor’s obligations under this Agreement.
The financing and continuation statements may describe the Additional Transferor Transferred Property as the Depositor may reasonably determine to perfect the Depositor’s interest in the Additional Transferor Transferred Property.
Immediately prior to the transfer and absolute assignment by it under this Agreement of any Additional Transferor Transferred Property transferred by the Additional Transferor, it was the owner of, and had good title to, such Additional Transferor Transferred Property, free and clear of any Lien, other than Permitted Liens.