No Transfer or Lien by the Master Trust. Except for the transfer and absolute assignment under this Agreement, the Master Trust will not transfer or absolutely assign any Master Trust Transferred Property transferred and absolutely assigned by it under this Agreement to another Person or Grant or allow a Lien, other than a Permitted Lien, on an interest in any such Master Trust Transferred Property. The Master Trust will defend the Depositor’s interest in the Master Trust Transferred Property transferred and absolutely assigned by it to the Depositor against claims of third parties claiming through the Master Trust.
Appears in 15 contracts
Samples: Transfer and Servicing Agreement (Vzot 2018-A), Master Trust Receivables Transfer Agreement (Verizon Owner Trust 2020-C), Receivables Transfer Agreement (Verizon Owner Trust 2020-B)
No Transfer or Lien by the Master Trust. Except for the transfer and absolute assignment under this Agreement, the Master Trust will not transfer or absolutely assign any Master Trust Transferred Property transferred and absolutely assigned by it under this Agreement to another Person or Grant or allow a Lien, other than a Permitted Lien, on an interest in any such Master Trust Transferred Property. The Master Trust will defend the Depositor’s 's interest in the Master Trust Transferred Property transferred and absolutely assigned by it to the Depositor against claims of third parties claiming through the Master Trust.
Appears in 1 contract
