Seller's Termination Rights. Upon the termination of the --------------------------- Trust pursuant to Section 12.1 of the Agreement and the surrender of the ------------ Exchangeable Seller Certificate, the Trustee shall return to the Holder of the Exchangeable Seller Certificate (without recourse, representation or warranty) all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, all monies due or to become due with respect thereto and all proceeds thereof and Recoveries and the Interchange allocable to the Trust pursuant to subsections 2.5(k) and (l) except for amounts held by the ------------------ --- Trustee pursuant to subsection 12.3(b) of the Agreement. The Trustee shall ------------------ execute and deliver such instruments of transfer and assignment, on behalf of the Trust, in each case without recourse, as shall be reasonably requested by the Holder of the Exchangeable Seller Certificate to vest in the Holder of the Exchangeable Seller Certificate all right, title and interest which the Trust had in the Receivables. [End of Article XII]
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank)
