Common use of Title and No Adverse Claims Clause in Contracts

Title and No Adverse Claims. On each Closing Date, the Seller has good and marketable title to the Account Assets (save and except for the claims of any other Co-Owner and, if applicable, Credit Enhancement Provider, under or in respect of a Series Ownership Interest) and immediately prior to any Eligible Account becoming an “Account” hereunder, the Seller will have good and marketable title to the receivables under such account, in each case free and clear of any Liens and adverse claims;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Royal Bank of Canada), Pooling and Servicing Agreement

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Title and No Adverse Claims. On each the Closing Date, the Seller has good and marketable title to the Account Assets (save and except for the claims of any other Co-Owner and, if applicable, Credit Enhancement Provider, under or in respect of a Series Ownership Interest) and immediately prior to any Eligible Credit Card Account becoming an “Account” hereunder, the Seller will have good and marketable title to the receivables under such account, . The applicable undivided co-ownership interests in each case the Account Assets have been Transferred to the Co-Owners free and clear of any Liens and adverse claims;.

Appears in 1 contract

Samples: Pooling and Servicing Agreement

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Title and No Adverse Claims. On each Closing Date, the Seller has good and marketable title to the Account Assets (save and except accept for the claims of any other Co-Co- Owner and, if applicable, Credit Enhancement ProviderEntitled Party, under or in respect of a Series Ownership InterestSeries) and immediately prior to any Eligible Credit Card Account becoming an “Account” hereunder, the Seller will have good and marketable title to such Credit Card Account. The applicable undivided co-ownership interests in the receivables under such account, in each case Account Assets have been Transferred to the Co-Owners free and clear of any Liens and adverse claims;.

Appears in 1 contract

Samples: Pooling and Servicing Agreement

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