Sale and Conveyance of Trust Fund. The Seller hereby sells, transfers, assigns, sets over and conveys to the Trustee without recourse and for the benefit of the SBA and the Certificateholders, as their interests may appear, subject to the terms of this Agreement and the Multi-Party Agreement, all of the right, title and interest of the Seller in and to the Unguaranteed Interests of the Initial SBA Loans and the Subsequent SBA Loans, and all other assets included or to be included in the Trust Fund.
Sale and Conveyance of Trust Fund. The Seller hereby sells, transfers, assigns, sets over and conveys to the Trust without recourse, subject to the terms of this Agreement, all of the right, title and interest of the Seller in and to the Initial Business Loans and all other assets included or to be included in the Trust Fund in exchange for the Notes and the Certificates.
Sale and Conveyance of Trust Fund. (a) The Seller hereby sells, transfers, assigns, sets over and conveys to the Trustee without recourse and for the benefit of the SBA and the Certificateholders, as their interests may appear, subject to the terms of this Agreement and the Multi-Party Agreement, all of the right, title and interest of the Seller in and to the Unguaranteed Interests of the Initial SBA Loans and the Subsequent SBA Loans and all other assets included or to be included in the Trust Fund.
(b) The rights of the Certificateholders to receive payments with respect to the SBA Loans in respect of the Certificates, and all ownership interests of the Certificateholders in such payments, shall be as set forth in this Agreement. The Servicing Fee shall not constitute part of the Trust Fund and Certificateholders shall have no interest in, and are not entitled to receive any portion of, the Servicing Fee.
Sale and Conveyance of Trust Fund. (a) On the terms and conditions hereinafter set forth, the Sellers hereby sell, transfer, assign, set over and convey to the Trust, without recourse, for the benefit of the SBA, the Noteholders and the Certificateholders, subject to the terms of the Basic Documents, all of the right, title and interest of the Sellers in and to the Unguaranteed Interests in the Initial SBA Loans and all other assets included or to be included in the Trust Fund. In consideration for its transfer of such Unguaranteed Interests in the SBA Loans, the Sellers shall receive the Class B Notes, the Certificates and a portion of the cash proceeds realized by the Trust upon its sale of the Class A Notes and Class M Notes.
(b) The rights of the Noteholders and Certificateholders to receive payments with respect to the SBA Loans in respect of the Notes and the Certificates, and all interests of the Noteholders and Certificateholders in such payments, shall be as set forth in the Basic Documents. The Required Holdback Amount, the FTA's Fee, the Additional Fee and the amounts payable to the Registered Holders shall not constitute part of the Trust Fund and the Noteholders and Certificateholders shall have no interest in, and are not entitled to receive any portion of, the Required Holdback Amount, the FTA's Fee, the Additional Fee and the amounts payable to the Registered Holders.
Sale and Conveyance of Trust Fund. (a) On the terms and conditions hereinafter set forth, from time to time prior to the Termination Date, the Seller may, at its option, transfer to the Trust, without recourse, and for the benefit of the SBA, the Noteholders the Certificateholders and the Hedge Counterparties, subject to the terms of the Basic Documents, all of the right, title and interest of the Seller in and to the Unguaranteed Interests in the SBA Loans and all other assets included or to be included in the Trust Fund. In consideration for its transfer of such Unguaranteed Interests in the SBA Loans, on each Transfer Date the Seller shall receive from amounts deposited into the Funding Account the amount determined pursuant to Section 2.09(a)(ii).
(b) The rights of the Noteholders, Certificateholders and the Hedge Counterparties to receive payments with respect to the SBA Loans in respect of the Notes, the Certificates and the Hedging Agreement, and all interests of the Noteholders and Certificateholders in such payments, shall be as set forth in the Basic Documents. The Servicing Fee and the Premium Protection Fee shall not constitute part of the Trust Fund and the Noteholders, Certificateholders and the Hedge Counterparties shall have no interest in, and are not entitled to receive any portion of, the Servicing Fee or the Premium Protection Fee.
Sale and Conveyance of Trust Fund. Sale And Conveyance Of Trust Fund; Priority And Subordination Of Ownership Interests; Establishment Of The Trust..................................................
Sale and Conveyance of Trust Fund. (a) On the terms and conditions hereinafter set forth, from time to time prior to the Expiration Date, the Seller may, at its option, transfer to the Trust, without recourse, and subject to the terms of the Basic Documents, all of the right, title and interest of the Seller in and to the Commercial Loans and all other assets included or to be included in the Trust Fund. In partial consideration for its transfer of such Commercial Loans, on each Transfer Date, the Seller shall receive from amounts deposited into the Funding Account the amount determined pursuant to Section 2.09(a)(ii).
(b) The rights of the Noteholders, Certificateholders, the Hedge Counterparties and the holder of the Transferor Interest to receive payments with respect to the Commercial Loans in respect of the Notes, the Certificates, the Hedging Agreement and the Transferor Interest, and all interests of such parties in such payments, shall be as set forth in the Basic Documents.
Sale and Conveyance of Trust Fund. II-1 Section 2.02 POSSESSION OF BUSINESS FILES............................II-1 Section 2.03 BOOKS AND RECORDS.......................................II-1 Section 2.04 DELIVERY OF BUSINESS LOAN DOCUMENTS.....................II-2 Section 2.05 ACCEPTANCE BY TRUSTEE OF THE TRUST FUND; CERTAIN SUBSTITUTIONS; CERTIFICATION BY TRUSTEE...................................II-4 Section 2.06 [Intentionally Omitted].................................II-6 Section 2.07 AUTHENTICATION OF CERTIFICATES..........................II-6 Section 2.08 FEES AND EXPENSES OF THE TRUSTEE........................II-7 Section 2.09 SALE AND CONVEYANCE OF THE SUBSEQUENT BUSINESS LOANS............................II-7 ARTICLE III
Sale and Conveyance of Trust Fund. (a) The Seller hereby sells, transfers, assigns, sets over and conveys to the Trustee without recourse and for the benefit of the Certificateholders, subject to the terms of this Agreement, all of the right, title and interest of the Seller in and to the Initial Business Loans and all other assets included or to be included in the Trust Fund.
(b) The rights of the Certificateholders to receive payments with respect to the Business Loans in respect of the Certificates, and all ownership interests of the Certificateholders in such payments, shall be as set forth in this Agreement.
Sale and Conveyance of Trust Fund. (a) The Sellers hereby sell, transfer, assign, set over and convey to the Trustee without recourse and for the benefit of the SBA and the Certificateholders, as their interests may appear, subject to the terms of this Agreement and the Multi-Party Agreement, all of the right, title and interest of the Sellers in and to the Unguaranteed Interests of the Initial SBA Loans and all other assets included or to be included in the Trust Fund.
(b) The rights of the Certificateholders to receive payments with respect to the SBA Loans in respect of the Certificates, and all ownership interests of the Certificateholders in such payments, shall be as set forth in this Agreement.
