Common use of No Adverse Interest Clause in Contracts

No Adverse Interest. By execution of this Agreement, Custodian represents and warrants that it currently holds, and during the existence of this Agreement shall hold, no adverse interest, by way of security or otherwise, in any Purchased Asset, and hereby waives and releases any such interest which it may have in any Purchased Asset as of the date hereof. The Purchased Assets shall not be subject to any security interest, lien or right to set-off by Custodian or any third party claiming through Custodian and Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party interest in, the Purchased Assets.

No Adverse Interest. By execution of this Agreement, the Custodian represents and warrants that it currently holds, and during the existence of this Agreement shall hold, no adverse interest, by way of security or otherwise, in any Purchased AssetAsset or any other Purchased Item, and hereby waives and releases any such interest which that it may have in any Purchased Asset or Purchased Item as of the date hereof. The Purchased Assets Asset and other Purchased Items shall not be subject to to, and the Custodian hereby waives, any security interest, lien Lien or right to of set-–off by the Custodian or any third party claiming through Custodian the Custodian, and the Custodian shall not pledge, encumber, hypothecate, transfer, dispose of, or otherwise grant any third party interest in, the Purchased AssetsAssets and the other Purchased Items.