Common use of Other Adverse Claims or Interests Clause in Contracts

Other Adverse Claims or Interests. Except for the conveyances and grants of security interests pursuant to this Agreement and the other Transaction Documents, the Depositor shall not sell, pledge, assign or transfer the Exchange Note to any other Person, or grant, create, incur, assume or suffer to exist any Adverse Claim on any interest therein, and the Depositor shall defend the right, title and interest of the Buyer in, to and under the Exchange Note against all claims of third parties claiming through or under the Depositor.

Appears in 35 contracts

Samples: Exchange Note Transfer Agreement (World Omni LT), Exchange Note Transfer Agreement (World Omni LT), Exchange Note Transfer Agreement (World Omni LT)

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Other Adverse Claims or Interests. (a) Except for the conveyances and grants of security interests pursuant to this Agreement and the other Transaction Documents, the Depositor shall not sell, pledge, assign or transfer the Exchange Note to any other Person, or grant, create, incur, assume or suffer to exist any Adverse Claim on any interest therein, and the Depositor shall defend the right, title and interest of the Buyer in, to and under the Exchange Note against all claims of third parties claiming through or under the Depositor.

Appears in 2 contracts

Samples: Exchange Note Transfer Agreement (World Omni Automobile Lease Securitization Trust 2019-A), Exchange Note Transfer Agreement (World Omni Automobile Lease Securitization Trust 2019-A)

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