Common use of Rights of Transferees Clause in Contracts

Rights of Transferees. A transferee of this Refinancing Instrument shall have the rights of a “holder in due course” under the Uniform Commercial Code if the transferee took rights under this Refinancing Instrument in good faith, for value, and without notice of a claim or defense, and if there has been endorsement and delivery as are required by the Uniform Commercial Code to become a “holder in due course.”

Appears in 7 contracts

Samples: Modification to Deed of Trust, Deed of Trust Modification Agreement, Mortgage Modification Agreement

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