Common use of Binding Obligation; Valid Transfer and Assignment Clause in Contracts

Binding Obligation; Valid Transfer and Assignment. The Transferor hereby represents and warrants to the Trustee, on behalf of the Trust, that, on the Initial Closing Date, on the Amendment Closing Date and, with respect to any Series of Securities, on the date of its related Supplement and Closing Date, and, with respect to any matters involving Additional Accounts or Supplemental Accounts, on the applicable Addition Date:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Metris Master Trust), Pooling and Servicing Agreement (Metris Master Trust), Pooling and Servicing Agreement (Metris Master Trust)

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Binding Obligation; Valid Transfer and Assignment. The Transferor hereby represents and warrants to the Trustee, on behalf of the Trust, that, on as of the Initial Closing Date, on the Amendment Closing Date and, and with respect to any Series of SecuritiesCertificates, on as of the date of its related Supplement and Closing Date, and, with respect to any matters involving Additional Accounts or Supplemental Accounts, on the applicable Addition Date:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Fingerhut Companies Inc), Pooling and Servicing Agreement (Green Tree Financial Corp)

Binding Obligation; Valid Transfer and Assignment. The Transferor hereby represents and warrants to the Trustee, on behalf of the Trust, that, on as of the Initial Closing Date, on the Amendment Closing Date and, and with respect to any Series of SecuritiesCertificates, on as of the date of its related Supplement and Closing Date, and, with respect to any Series and matters involving Additional Accounts or (X) Supplemental Accounts, on as of the applicable Addition DateDate and (Y) Automatic Additional Accounts, as of the date the Receivables of such Accounts are first designated for inclusion in the Trust:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Stage Stores Inc), Pooling and Servicing Agreement (Apparel Retailers Inc)

Binding Obligation; Valid Transfer and Assignment. The Transferor hereby represents and warrants to the Trustee, on behalf of the Trust, that, on as of the Initial Closing Date, on the Amendment Closing Date for Series 1996-1 and, with respect to any Series of SecuritiesCertificates, on as of the date of its the related Supplement and related Closing DateDate for such Series, and, with respect to and on each day on which any matters involving Additional Accounts or Supplemental Accounts, on new Contract is purchased by the applicable Addition DateTransferor:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bally Total Fitness Holding Corp)

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Binding Obligation; Valid Transfer and Assignment. The Transferor hereby represents and warrants to the Trustee, on behalf of the Trust, that, on as of 37 the Initial Closing Date, on the Amendment Closing Date and, and with respect to any Series of Securities, on as of the date of its related Supplement and Closing Date, and, with respect to any matters involving Additional Accounts or Supplemental Accountsarising after the Initial Closing Date, on as of the applicable Addition Datedate the Receivables of such Accounts are first designated for inclusion in the Trust:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc)

Binding Obligation; Valid Transfer and Assignment. The Transferor hereby represents and warrants to the Trustee, on behalf of the Trust, that, on as of the Initial Closing Date, on as of the Amendment Closing Date and, with respect to any Series of Securities, on as of the date of its related Supplement and Closing Date, and, with respect to any matters involving Additional Accounts or Supplemental Accounts, on as of the applicable Addition Datedate the Receivables of such Accounts are first designated for inclusion in the Trust:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Companies Inc)

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