Common use of Sale and Conveyance of Trust Fund Clause in Contracts

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.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (First International Bancorp Inc), Sale and Servicing Agreement (First International Bancorp Inc)

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Sale and Conveyance of Trust Fund. The Seller Sellers hereby sellssell, transferstransfer, assignsassign, sets set over and conveys convey to the Trust without recourse, subject to the terms of this Agreement, all of the right, title and interest of the Seller Sellers 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.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (First International Bancorp Inc), Sale and Servicing Agreement (First International Bancorp Inc)

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Sale and Conveyance of Trust Fund. The Seller hereby sells, transfers, assigns, sets over and conveys to the Trust Trustee without recourserecourse 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 in exchange for the Notes and the CertificatesFund.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Money Store Commercial Mortgage Inc)

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