Common use of Transferor's Termination Rights Clause in Contracts

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and, if any part of the Transferor’s Interest is then evidenced by a certificate, the surrender of such part of the Transferor Certificates, the Trustee shall sell, assign and convey to the Transferor or its designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables and all other Trust Assets except for amounts held by the Trustee pursuant to Section 12.02(b). The Trustee shall execute and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Transferor to vest in the Transferor or their designee all right, title and interest which the Trust had in the Receivables and such other Trust Assets.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Master Trust)

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Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and, if and the assignment of any part of Supplemental Interest to the Transferor’s Interest is then evidenced by a certificate, the surrender of such part of the Transferor CertificatesTransferors, the Trustee shall sell, assign and convey to the Transferor Transferors or its their designee, without recourse, representation or warranty, all right, title and interest of the Trust Trustee in the Receivables Receivables, whether then existing or thereafter created, all moneys due or to become due and all other Trust Assets amounts received with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to Section 12.02(b). The Trustee shall execute and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Transferor Transferors to vest in the Transferor Transferors or their designee all right, title and interest which the Trust Trustee had in the Receivables and such other Trust Assetsrelated assets.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Providian Master Trust), Pooling and Servicing Agreement (Providian Master Trust)

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 andSECTION 12.1, if any part of the Transferor’s Interest is then evidenced by a certificate, the surrender of such part of the Transferor Certificates, the Trustee shall sell, assign and convey to the holder of the Transferor Interest or its designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables Receivables, whether then existing or thereafter created, all moneys due or to become due and all other Trust Assets amounts received with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to Section 12.02(bSECTION 12.2(b). The Trustee shall execute and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Transferor to vest in the Transferor or their its designee all right, title and interest which the Trust had in the Receivables and such other Trust Assetsrelated assets.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust), Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust)

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and, if any part of the Transferor’s 's Interest is then evidenced by a certificate, the surrender of such part of the Transferor Certificates, the Trustee shall sell, assign and convey to the Transferor or its designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables and all other Trust Assets except for amounts held by the Trustee pursuant to Section 12.02(b). The Trustee shall execute and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Transferor to vest in the Transferor or their designee all right, title and interest which the Trust had in the Receivables and such other Trust Assets.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Capital One Master Trust)

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Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and, if any part of the Transferor’s Interest is then evidenced by a certificate, and the surrender of such part of the Transferor CertificatesCertificate, the Trustee shall sell, assign and convey return to the Transferor or its designee, (without recourse, representation or warranty, ) all right, title and interest of the Trust in the Receivables Advances and the other Trust Assets, whether then existing or thereafter created, all moneys due or to become due with respect thereto, and all other Trust Assets proceeds thereof except for amounts held by the Trustee pursuant to Section 12.02(b12.03(b). The Trustee shall execute and deliver such instruments of transfer and assignment, in each case prepared by the Transferor and without recourse, representation or warranty, as shall be reasonably requested by the Transferor to vest in the Transferor or their designee all right, title and interest which the Trust had in the Receivables Advances and such other Trust Assets.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Funding Inc)

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and12.1, if any part of the Transferor’s Interest is then evidenced by a certificate, the surrender of such part of the Transferor Certificates, the Trustee shall sell, assign and convey to the holder of the Transferor Interest or its designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables Receivables, whether then existing or thereafter created, all moneys due or to become due and all other Trust Assets amounts received with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to Section 12.02(b12.2(b). The Trustee shall execute and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Transferor to vest in the Transferor or their its designee all right, title and interest which the Trust had in the Receivables and such other Trust Assetsrelated assets.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alliance Data Systems Corp)

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