Common use of Transferor Certificates Clause in Contracts

Transferor Certificates. Except for the conveyances hereunder, and except in connection with any transaction permitted by SECTION 5.02 and as provided in SECTION 2.09(d) of this Agreement or Section 2.10 of the Indenture or conveyances with respect to which the Rating Agency Condition shall have been satisfied and a Tax Opinion shall have been delivered, each Transferor agrees not to transfer, sell, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Transferor's interest represented by the Transferor Certificates and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation, grant or sale shall be void.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Compucredit Corp), Transfer and Servicing Agreement (Compucredit Corp)

AutoNDA by SimpleDocs

Transferor Certificates. Except for the conveyances hereunder, and except in connection with any transaction permitted by SECTION Section 5.02 and as provided in SECTION Section 2.09(d) of this Agreement or Section 2.10 of the Indenture or conveyances with respect to which the Rating Agency Condition shall have been satisfied and a Tax Opinion shall have been delivered, each Transferor agrees not to transfer, sell, assign, exchange exchange, or otherwise convey or pledge, hypothecate hypothecate, rehypothecate, participate, or otherwise grant a security interest in the Transferor's ’s interest represented by the Transferor Certificates and any such attempted transfer, sale, assignment, exchange, conveyance, pledge, hypothecation, rehypothecation, participation, or grant or sale shall be void.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Compucredit Corp)

AutoNDA by SimpleDocs

Transferor Certificates. Except for the conveyances hereunder, and except in connection with any transaction permitted by SECTION Section 5.02 and as provided in SECTION Section 2.09(d) of this Agreement or Section 2.10 of the Indenture or conveyances with respect to which the Rating Agency Condition shall have been satisfied and a Tax Opinion shall have been delivered, each Transferor agrees not to transfer, sell, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Transferor's interest represented by the Transferor Certificates and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation, grant or sale shall be void.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Compucredit Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!