Common use of No Ownership Interest by PFSC Clause in Contracts

No Ownership Interest by PFSC. PFSC does not have any ownership or other interest in the underlying assets, payment streams, equipment, legal documents, or other tangible or intangible assets of the Client Portfolio. All materials delivered by Client to PFSC in connection with the Services shall be the property of Client, and Client shall have good and clear title to all such materials.

Appears in 3 contracts

Samples: Backup and Successor Servicing Agreement (LendingClub Corp), Backup and Successor Servicing Agreement (LendingClub Corp), Backup and Servicing Agreement (LendingClub Corp)

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No Ownership Interest by PFSC. PFSC does not have any ownership or other interest in the underlying assets, payment streams, equipment, legal documents, or other tangible or intangible assets of the Client Portfolio. All materials delivered by Client to PFSC in connection with the Services shall be the property of Client, and Client shall have good and clear title to all such materials.

Appears in 1 contract

Samples: Backup and Successor Servicing Agreement (Semble, Inc.)

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No Ownership Interest by PFSC. PFSC does not have any ownership or other interest in the underlying assets, payment streams, equipment, legal documents, or other tangible or intangible assets of the Client Portfolio. All materials delivered by Client CLIENT to PFSC in connection with the Services shall be the property of ClientCLIENT, and Client CLIENT shall have good and clear title to all such materials.

Appears in 1 contract

Samples: Omnibus Claims Settlement Agreement (Imperial Holdings, LLC)

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