Common use of Valid Transfers Clause in Contracts

Valid Transfers. This Assignment Agreement constitutes a valid sale, transfer and assignment to the Assignee of an interest in the Assignor’s entire right, title and interest in and to the Insurance Premium Loans sold and transferred hereunder, whether now existing or hereafter created (including all monies due or to become due with respect to such Insurance Premium Loans, all proceeds (including “proceeds” as defined in the UCC of the jurisdiction whose law governs the perfection of an interest in such Insurance Premium Loans) of such Insurance Premium Loans and all cash proceeds of any related security).