Common use of Notices of Adverse Claims Clause in Contracts

Notices of Adverse Claims. The Intermediary shall promptly notify the Secured Party and the Issuer if any other person claims that it has a property interest in the Trust Accounts or that it is a violation of such person’s rights for anyone else to hold, transfer or deal with the Trust Accounts.

Notices of Adverse Claims. The Intermediary shall promptly notify the Secured Party Party, the Servicer and the Issuer Issuing Entity if any other person claims that it has a property interest in the Trust Accounts or that it is a violation of such person’s rights for anyone else to hold, transfer or deal with the Trust Accounts.