Representation. Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that is the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien encumbrance or other restriction (other than lien routinely imposed on all securities in a relevant clearance system).
Appears in 73 contracts
Samples: Master Agreement, 2002 Master Agreement, Master Agreement
Representation. Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that it is the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien lien, encumbrance or other restriction (other than a lien routinely imposed on all securities in a relevant clearance system).
Appears in 47 contracts
Samples: Isda Master Agreement, 2002 Master Agreement, 2002 Master Agreement
Representation. Each party Party represents to the other party Party (which representation will be is deemed to be repeated as of on each date day on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributionsan Interest Amount) that it is the sole owner of or otherwise has the right to transfer all such Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers Interest Amount to the other party Party under this Annex, free and clear of any security interest, lien lien, encumbrance or other restriction (other than lien routinely imposed on all securities in a relevant clearance system)restriction.
Appears in 4 contracts
Samples: Electricity Supply Board, Electricity Supply Board, Electricity Supply Board
Representation. Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that it is the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien encumbrance or other restriction (other than lien routinely imposed on all securities in a relevant clearance system).
Appears in 2 contracts
Samples: Master Agreement, Master Agreement