Common use of Transfer of Title Clause in Contracts

Transfer of Title. Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).

Transfer of Title. Each party Party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions Support or Interest Amount which it transfers to the other party Party under the terms of this Annex shall will vest in the recipient Transferee free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party Transferor or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system)person.