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, the Trustee shall assign and convey to the Holders of the Transferor Certificates or their designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, all monies due or to become due and all amounts received with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 12.02

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I), Pooling and Servicing Agreement (Nextcard Inc)

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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 Certificates, the Trustee shall sell, assign and convey to the Holders of the Transferor Certificates or their designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, all monies moneys due or to become due and all amounts received with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 12.02

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Corp)

Transferor's Termination Rights. Upon the termination of the Trust pursuant to Section 12.01 and the surrender of the Transferor Certificates, the Trustee shall sell, assign and convey to the Holders of the Transferor Certificates or their designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, all monies due or to become due and all amounts received with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 12.02

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)

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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, the Indenture Trustee shall assign and convey to the Holders of the Transferor Certificates or any of their designeedesignees, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables, whether then existing or thereafter created, all Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to subsection 12.02(including

Appears in 1 contract

Samples: Master Indenture (Hrsi Funding Inc Ii)

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