Examples of Original transferor in a sentence
By execution of the Assignment and Assumption Agreement, Chase Card Funding has assumed and agreed to perform all of the Original Transferor’s covenants and obligations under the Prior Transfer and Servicing Agreements and the Initial Account Assignments, and has accepted all rights granted to the Original Transferor thereunder and pursuant to the terms thereof.
The Trustee authenticated and delivered the Original Transferor Certificate to the Transferors simultaneously with the delivery of the Series 1996-1 Investor Certificates.
Where the Original Transferor is no longer in existence, the Relevant BP Asset shall be transferred to such member of the BP Group as shall be nominated by BP p.l.c., and BP p.l.c. shall be the Indemnifying Party.
The Original Transferor shall indemnify the Relevant Member of the Innovene Group against any Losses (including any Taxation) incurred by the Relevant Member of the Innovene Group in acting as trustee of the Relevant BP Asset or properly carrying out its functions in connection therewith and in retransferring such Relevant BP Asset.
As from the Completion Date until the time of such retransfer, the Relevant Member of the Innovene Group shall hold the Relevant BP Asset on trust for the benefit of the Original Transferor and shall account to it accordingly.