Common use of No Liens or Conveyances Clause in Contracts

No Liens or Conveyances. Except for the conveyances hereunder, the Transferor 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. The Transferor 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 Seller, the Issuer, as assignee of the Seller, and the Bond Trustee, as collateral assignee of the Issuer, 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 Transferor.

No Liens or Conveyances. Except for the conveyances hereunder, the Transferor 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. The Transferor shall not at any time assert any Lien against or with 150 respect to any Serviced Intangible Transition Property, and shall defend the right, title and interest of the Seller, the Issuer, as assignee of the Seller, and the Bond Trustee, as collateral assignee of the Issuer, 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 Transferor.