Common use of No Liens, Etc Clause in Contracts

No Liens, Etc. The Sale Portfolio to be acquired by Purchaser hereunder is owned by the Transferor free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens), and the Transferor has the full right and corporate power or and lawful authority to Sell the same and interests therein and, upon the Sale thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Sale Portfolio, free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens). No effective UCC financing statement reflecting the Transferor or the Transferor's predecessor in interest, as a "Debtor", or other instrument similar in effect covering all or any part of any Sale Portfolio Purchased hereunder is on file in any recording office, except such as may have been filed in favor of the Administrative Agent as "Secured Party" or "Assignee", in each case, for the benefit of the Secured Parties pursuant to the Loan and Servicing Agreement and any financing statements that have been terminated and/or fully and validly assigned to the Administrative Agent on or before the related Purchase Date.

No Liens, Etc. The Sale Portfolio Conveyed Assets to be acquired by Purchaser hereunder is owned by the Transferor Seller free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens), and the Transferor Seller has the full right and right, corporate power or and lawful authority to Sell convey the same and interests therein and, upon the Sale conveyance thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Sale PortfolioConveyed Assets, free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens). No effective UCC financing statement reflecting the Transferor Seller or the Transferor's Seller’s predecessor in interest, as a "“Debtor"”, or other instrument similar in effect covering all or any part of any Sale Portfolio Purchased hereunder Conveyed Assets is on file in any recording office, except such as may have been filed in favor of the Administrative Collateral Agent as "“Secured Party" ” or "“Assignee"”, in each case, for the benefit of the Secured Parties pursuant to the Loan and Servicing Agreement and any financing statements that have been terminated and/or fully and validly assigned to the Administrative Agent on or before the related Purchase DateAgreement.

No Liens, Etc. The Sale Portfolio to be acquired by the Purchaser hereunder is owned by the Transferor Seller free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens), and the Transferor Seller has the full right and right, corporate power or and lawful authority to Sell the same and interests therein and, upon the Sale thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Sale Portfolio, free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens). No effective UCC financing statement reflecting the Transferor Seller or the Transferor's Seller’s predecessor in interest, as a "“Debtor"”, or other instrument similar in effect covering all or any part of any Sale Portfolio Purchased hereunder is on file in any recording office, except such as may have been filed in favor of the Administrative Collateral Agent as "“Secured Party" ” or "“Assignee"”, in each case, for the benefit of the Secured Parties pursuant to the Loan and Servicing Agreement and any financing statements that have been terminated and/or fully and validly assigned to the Administrative Agent on or before the related Purchase DateCredit Agreement.

No Liens, Etc. The Sale Portfolio to be acquired by Purchaser hereunder is owned by the Transferor free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens), and the Transferor has the full right and right, corporate power or and lawful authority to Sell the same and interests therein and, upon the Sale thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Sale Portfolio, free and clear of any Lien, security interest, charge or encumbrance (subject only to Permitted Liens). No effective UCC financing statement reflecting the Transferor or the Transferor's ’s predecessor in interest, as a "“Debtor"”, or other instrument similar in effect covering all or any part of any Sale Portfolio Purchased hereunder is on file in any recording office, except such as may have been filed in favor of the Administrative Collateral Agent as "“Secured Party" ” or "“Assignee"”, in each case, for the benefit of the Secured Parties pursuant to the Loan and Servicing Agreement and any financing statements that have been terminated and/or fully and validly assigned to the Administrative Agent on or before the related Purchase DateAgreement.