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 the surrender of the Transferor Certificates, if applicable, the Trustee shall sell, assign and convey to the Holders of the Transferor Certificates or any of their designees, without recourse, representation or warranty, all right, title and interest of the Trustee in the Receivables, whether then existing or thereafter created, all monies due or to become due and all amounts received with respect thereto (including all monies then held in the Collection Account or any Series Account) and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 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 Transferors to vest in the Holders of the Transferor Certificates or any of their designees all right, title and interest which the Trust had in the Receivables.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

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Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and the surrender of the Transferor Transferor's Certificates, if applicable, the Trustee shall sell, assign and convey to the Holders of the Transferor Certificates or any of their designees, without recourse, representation or warranty, all right, title and interest of the Trustee Trust in the Receivables, whether then existing or thereafter created, all monies due or to become due and all amounts received with respect thereto (including all monies moneys then held in the Collection Account or any Series Account) and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 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 Transferors to vest in the Holders of the Transferor Certificates or any of their designees all right, title and interest which the Trust had in the Receivables.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and the surrender of the Transferor Certificates, if applicable, the Trustee shall sell, assign and convey to the Holders of the Transferor Certificates or any of their designees, without recourse, representation or warranty, all right, title and interest of the Trustee Trust in the Receivables, whether then existing or thereafter created, all monies due or to become due and all amounts received with respect thereto (including all monies moneys then held in the Collection Account or any Series Account) and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 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 Transferors Transferor to vest in the Holders of the Transferor Certificates or any of their designees all right, title and interest which the Trust had in the Receivables.. [END OF ARTICLE XII]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (At&t Universal Funding Corp)

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and and, if any part of the Transferors' Interest is then evidenced by a certificate or certificates, the surrender of the Transferor Certificates, if applicablesuch certificate or certificates, the Trustee shall sell, assign and convey to the Holders of the Transferor Certificates Transferors' Interest or any of their designeesdesignee, without recourse, representation or warranty, all right, title and interest of the Trustee in the Receivables, whether then existing or thereafter created, all monies moneys due or to become due and all amounts received with respect thereto (including all monies then held in the Collection Account or any Series Account) and all proceeds thereof, thereof except for amounts held by the Trustee pursuant to subsection 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 Transferors Holders of the Transferors' Interest to vest in the Holders of the Transferor Certificates Transferors' Interest or any of their designees designee all right, title and interest which the Trust Trustee had in the ReceivablesReceivables and such other related assets.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

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Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 11.01 and the ------------- surrender of the such Transferor Certificates, if applicable, the Indenture Trustee shall sell, assign and convey to the Holders of the Transferor Certificates or any of their designees, without recourse, representation or warranty, all right, title and interest of the Trustee Trust in the Receivables, whether then existing or thereafter created, all monies due or to become due and all amounts received with respect thereto (including all monies moneys then held in the Collection Account or any Series Account) and all proceeds thereof, except for amounts held by the Indenture Trustee pursuant to subsection 12.02(b11.02(b). The Indenture Trustee shall execute ------------------- and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Transferors Transferor to vest in the Holders of the Transferor Certificates or any of their designees all right, title and interest which the Trust had in the Receivables.

Appears in 1 contract

Samples: Household Credit Card Master Note Trust I

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and the surrender of the Transferor Certificates, if applicable, the Trustee shall selltransfer, assign and convey to the Holders of the Transferor Certificates or any of their designees, without recourse, representation or warranty, all right, title and interest of the Trustee Trust in the Receivables, whether then existing or thereafter created, all monies due or to become due and all amounts received with respect thereto (including all monies moneys then held in the Collection Account or any Series Account) and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 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 Transferors Transferor to vest in the Holders of the Transferor Certificates or any of their designees all right, title and interest which the Trust had in the Receivables.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Compucredit Corp)

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