Common use of Creation Clause in Contracts

Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and/or conveyance of a Receivable by the Bank to FTH LLC, the Bank owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of FTH LLC) and immediately after the sale, transfer, assignment and conveyance of such Receivable to FTH LLC, FTH LLC will have good and marketable title to such Receivable free and clear of any Lien.

Appears in 15 contracts

Samples: Receivables Sale Agreement (Fifth Third Auto Trust 2023-1), Receivables Sale Agreement (Fifth Third Auto Trust 2023-1), Receivables Sale Agreement (Fifth Third Holdings Funding, LLC)

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Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and/or conveyance of a Receivable by FTH LLC to the Bank to Purchaser, FTH LLC, the Bank LLC owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of FTH LLCthe Purchaser) and immediately after the sale, transfer, assignment and conveyance of such Receivable to FTH LLCthe Purchaser, FTH LLC the Purchaser will have good and marketable title to such Receivable free and clear of any Lien.

Appears in 15 contracts

Samples: Purchase Agreement (Fifth Third Auto Trust 2023-1), Purchase Agreement (Fifth Third Auto Trust 2023-1), Purchase Agreement (Fifth Third Holdings Funding, LLC)

Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and/or and conveyance of a Receivable by FTH LLC to the Bank to Purchaser, FTH LLC, the Bank LLC owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of FTH LLC) and immediately after the sale, transfer, assignment and conveyance of such Receivable to FTH LLCthe Purchaser, FTH LLC the Purchaser will have good and marketable title to such Receivable free and clear of any Lien.

Appears in 3 contracts

Samples: Purchase Agreement (Fifth Third Holdings Funding, LLC), Purchase Agreement (Fifth Third Holdings Funding, LLC), Purchase Agreement (Fifth Third Holdings Funding, LLC)

Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and/or and conveyance of a Receivable by the Bank [Originator] to FTH LLC, the Bank [Originator] owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of FTH LLC) and immediately after the sale, transfer, assignment and conveyance of such Receivable to FTH LLC, FTH LLC will have good and marketable title to such Receivable free and clear of any Lien.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Fifth Third Holdings Funding, LLC), Receivables Sale Agreement (Fifth Third Holdings Funding, LLC)

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Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and/or and conveyance of a Receivable by the Bank [Originator] to FTH LLC, the Bank [Originator] owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens liens in favor of FTH LLC) and immediately after the sale, transfer, assignment and conveyance of such Receivable to FTH LLC, FTH LLC will have good and marketable title to such Receivable free and clear of any Lien.

Appears in 1 contract

Samples: Receivables Sale Agreement (Fifth Third Holdings Funding, LLC)

Creation. 4. Immediately prior to the sale, transfer, contribution, assignment and/or and conveyance of a Receivable by FTH LLC to the Bank to Purchaser, FTH LLC, the Bank LLC owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of FTH LLCthe Purchaser) and immediately after the sale, transfer, assignment and conveyance of such Receivable to FTH LLCthe Purchaser, FTH LLC the Purchaser will have good and marketable title to such Receivable free and clear of any Lien.

Appears in 1 contract

Samples: Purchase Agreement (Fifth Third Holdings Funding, LLC)

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