Common use of No Liens or Conveyances Clause in Contracts

No Liens or Conveyances. Except for the conveyances hereunder, the Seller 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 Intangible Transition Property, whether now existing or hereafter created, or any interest therein, other than, with respect to Retained Intangible Transition Property, the Lien of the Mortgage; provided, that the Seller may sell Retained Intangible Transition Property to Other Issuers if (i) the Rating Agency Condition is satisfied with respect to all outstanding Transition Bonds and (ii) each such Other Issuer is, or prior to such sale becomes, a party to the Master Servicing Agreement as an "Issuer" (as defined in the Master Servicing Agreement). The Seller shall not at any time assert any Lien against or with respect to any Serviced Intangible Transition Property, and shall defend the right, title and interest of the Issuer, the Bond Trustee, as assignee of the Issuer, and any Other Issuers in, to and under the Intangible Transition Property, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller.