ASSIGNMENT EFFECTIVE. The assignment of each Receivable the subject of an Offer or the Future Receivables Transfer will be effective to pass to the Receivables Trustee good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the Transferor or any of its Affiliates to the Receivables Trustee and, subject to any limitations arising on enforcement in the jurisdiction of the relevant Obligor, no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Additional Jurisdiction without the participation of the Transferor other than:
Appears in 4 contracts
Samples: Restatement Agreement (Barclaycard Funding PLC), Restatement Agreement (Gracechurch Receivables Trustee LTD), And Restatement Agreement (Gracechurch Receivables Trustee LTD)
