Transferor Interest. Except for (A) the conveyances hereunder, in connection with any transaction permitted by Section 4.02(a)(i) and as provided in Section 4.05 of this Agreement or Section 2.12 of the Indenture or (B) conveyances with respect to which the Rating Agency Condition has been satisfied and a Tax Opinion has been delivered, the Transferor agrees not to transfer, sell, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the share of the Transferor Interest owned by it and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation, grant or sale will be void; provided, however, that nothing in this Section 2.05
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Ford Credit Floorplan LLC), Transfer and Servicing Agreement (Ford Credit Floorplan LLC)
Transferor Interest. Except for (A) the conveyances hereunder, in connection with any transaction permitted by clause (i) of Section 4.02(a)(i4.02(a) and as provided in Section 4.05 of this Agreement or Section 2.12 of the Indenture or (B) conveyances with respect to which the Rating Agency Condition has been satisfied and a Tax Opinion has been delivered, the Transferor agrees not to transfer, sell, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the share of the Transferor Interest owned by it and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation, grant or sale will be void; provided, however, that nothing in this Section 2.05
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Ford Credit Auto Receivables LLC)
Transferor Interest. Except for (Ai) the conveyances hereunder, in connection with any transaction permitted by Section 4.02(a)(i) and as provided in Section 4.05 2.09(d) of this Agreement or Section 2.12 of the Indenture or (Bii) conveyances with respect to which the Rating Agency Condition has shall have been satisfied and a Tax Opinion has shall have been delivered, the such Transferor agrees not to transfer, sell, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the share of Transferor Interest, the Transferor Interest owned by it Certificate or any Supplemental Certificate and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation, grant or sale will shall be void; provided, however, that nothing in this Section 2.05.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Nordstrom Credit Inc)