Nature of Transfer. To the extent that the transfer of the Trust Estate from the Transferor to the Trustee is deemed to be a secured financing, the Transferor shall be deemed hereunder to have granted to the Trustee, and the Transferor does hereby grant to the Trustee, a security interest in all of the Transferor's right, title and interest in, to and under the Trust Estate, whether now owned or hereafter acquired. For purposes of such grant, this Agreement shall constitute a security agreement under applicable law.
Nature of Transfer. (a) In the event that the transfer of the Lease Assets from the Company to the Transferor is deemed to be a secured financing, the Company shall be deemed hereunder to have conveyed to the Transferor, and the Company does hereby convey to the Transferor, a security interest in all of the Company's right, title and interest in, to and under the Lease Assets, whether now owned or hereafter acquired. For purposes of such conveyance, this Lease Acquisition Agreement shall constitute a security agreement under applicable law.
Nature of Transfer. (a) The transfers of Loan Assets by the Company to the Depositor pursuant to this Agreement are intended to be absolute assignments of all of the Company's right, title and interest in, to and under such Loan Assets, without recourse (except as provided in Sections 2.06, 3.03 and 3.04), for all purposes.
Nature of Transfer. 31 ARTICLE FOUR FUNDINGS
Nature of Transfer. (a) The transfers, assignments and contributions of Lease Assets from LFG to LFC VI hereunder are intended to be absolute assignments constituting a "true sale" for bankruptcy law purposes of all of the LFG's right title and interest in, to and under such Lease Assets, without recourse (except as otherwise provided herein), for all purposes.
Nature of Transfer. The Sale Shares are being transferred to Purchaser as a sale.
Nature of Transfer. Dealer and Purchaser intend that each purchase of a Contract under this Agreement shall be a true sale of all of Dealer's right, title and interest in, to and under such Contract, providing Purchaser with the full benefits of ownership of the same, and Dealer and Purchaser do not intend the transaction evidenced hereby to be, or for any purpose to be characterized as, a loan secured by such Contract from Purchaser to Dealer. Without prejudice to the foregoing intention of the parties, if a court characterizes any purchase of a Contract hereunder as being a loan rather than a true sale, then Dealer hereby pledges, grants a security interest in and assigns to Purchaser all of its right and title to and interest in the Contracts which the parties hereto intend now or at any time in the future to be sold to Purchaser as security for the payment and performance of all obligations of Dealer hereunder.
Nature of Transfer. (a) The transfers of Lease Assets by the Company to the Transferor pursuant to this Lease Acquisition Agreement are intended to be absolute assignments of all of the Company's right, title and interest in, to and under such Lease Assets, without recourse, for all purposes.
Nature of Transfer. 4 2.1 PURPOSE AND OBJECTIVE OF LIQUIDATING TRUST.........................4 2.2
Nature of Transfer. (a) It is the intention of the Company and the Issuer that the transfer and assignment of the Company's right, title and interest in and to the Loan Contracts and the Loan Assets shall constitute an absolute sale by the Company to the Issuer. In the event that the transfer of the Loan Assets from the Company to the Issuer is deemed to be a secured financing, the Company shall be deemed hereunder to have Granted to the Issuer, and the Company does hereby Grant to the Issuer, a first priority security interest in all of the Company's right, title and interest in, to and under the Loan Assets, whether now owned or hereafter acquired. For purposes of such Grant, this Loan Sale Agreement shall constitute a security agreement under applicable law.
