No Liens or Conveyances. Except for the conveyances hereunder, the Seller shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on, any of the Transferred Bondable Transition Property, whether now existing or hereafter created, or any interest therein. The Seller shall not at any time assert any Lien against or with respect to any Transferred Bondable Transition Property, and shall defend the right, title and interest of the Issuer and the Trustee, as assignee of the Issuer, in, to and under the Transferred Bondable Transition Property, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller.
Appears in 4 contracts
Samples: Sale Agreement (Pse&g Transition Funding LLC), Bondable Transition Property Sale Agreement (Atlantic City Electric Transition Funding LLC), Bondable Transition Property Sale Agreement (Atlantic City Electric Transition Funding LLC)
No Liens or Conveyances. Except for the sales, transfers, assignments and conveyances hereunder, the Seller shall not sell, pledge, assign assign, transfer or transfer otherwise convey to any other Person, or grant, create, incur, assume or suffer to exist any Lien on, any of the Transferred Bondable Transition Property, whether now existing or hereafter created, or any interest therein. The Seller shall not at any time assert any Lien against or with respect to any Transferred Bondable Transition Property, and shall defend the right, title and interest of the Issuer and the Trustee, as assignee of the Issuer, in, to and under the Transferred Bondable Transition Property, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller.
Appears in 2 contracts
Samples: Sale Agreement (Jcp&l Transition Funding LLC), Sale Agreement (Jcp&l Transition Funding LLC)
No Liens or Conveyances. Except for the conveyances hereunder, the Seller shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on, any of the Transferred Bondable Intangible Transition Property, whether now existing or hereafter created, or any interest therein. The Seller shall not at any time assert any Lien against or with respect to any Transferred Bondable Intangible Transition Property, and shall defend the right, title and interest of the Issuer and the Trustee, as assignee of the Issuer, in, to and under the Transferred Bondable Intangible Transition Property, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller.
Appears in 1 contract
Samples: Intangible Transition Property Sale Agreement (Pp&l Transition Bond Co Inc)
No Liens or Conveyances. Except for the conveyances hereunder, the Seller shall will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on, any of the Transferred Bondable Intangible Transition Property, whether now existing or hereafter created, or any interest therein. The Seller shall not at any time assert any Lien against or with respect to any Transferred Bondable Serviced Intangible Transition Property, and shall defend the right, title and interest of the Issuer and the Bond Trustee, as collateral assignee of the Issuer, in, to and under the Transferred Bondable Intangible Transition Property, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller.
Appears in 1 contract
Samples: Intangible Transition Property Sale Agreement (West Penn Funding LLC)
